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Price of 1.52 H VS1 Radiant Cut?

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AGBF

AGBF

Super_Ideal_Rock
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godiva548 posted this in the wrong forum. I think that here she may get some proper feedback.

"Hi guys!! I''m new and I really really need some feedback. Does anyone know what the price would be for a Radiant Cut 1.52 H VS1 would be or where I could find the correct info on the rapaport price or anywhere where the would be able to tell me the correct amount. PLEASE HELP!! A jeweler is trying to rip me off I think and I need to be able to fight back, but I don''t have that much info on my own. Thanks!!!"

Deborah
 
Hi...

I would try putting the stats of what you are looking for in the pricescope diamond search and you can get a good idea of what the going prices are....that is what I did when I was looking for my diamond.

I hope this helps
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There is an H, VS1 1.51 carat stone listed on the pricescope database for just over $8000 and it''s an AGA 1B cut (at least as far as I can tell without having the crown height). So, my guess is that a fair prices for a stone like this would be somewhere around $8,000 to $8,500, and maybe a little more. I definitely wouldn''t pay over $9,000 for a stone like this, but that''s just my opinion, and I''m not an expert.
 
Hi Everybody,
Those people un-willing to pay mopre than 9k for a really well cut 1.51 H/VS1 radaint won''t be buying one any time soon!
I''d say a price of $8k for a 1.51 H/VS1 is a perfect indicator of
a) there''s something wrong with the diamond
b) it''s been sold and the database does not indicate this.

Market price is higher than 8K today- likely quite a bit higher.

Trying to give knowledgabe price advice based on a databse listing is simply not accurate- you need to use actual stones and actual market prices- which is how I would know the prices.

Deborah- what is the asking price for the diamond?

Let''s make sure we''re dealing wiht a GIA report- also - if you could post the stats, that might give us a little more insight on the stone
 
I just found quite a few H colored radiants, 1.4 to 1.6 carats ranging from VVS2 to VS2 and none of them were over $9,000. I doubt if all of these diamonds on the database were sold. And I was just looking for AGA 1A or 1B diamonds.

From what I've observed, it looks like a big price jump happens at G, but the H colored radiants look like they could be a good bargain. Here's one from a reputable vendor:

http://www.jamesallen.com/diamond.asp?cid=131&item=172820&aff_id=ps621

But since I'm not considered knowledgeable at all, you might not want to take my advice. I'm just trying to save you some money.

ETA carat range
 
Hi Coda,
Why would you assume that the diamonds are available?

The only way to test this is to see if the vendor can actually put their hands on the diamond- in many cases, that''s not going to be possible


Coda- I meant no offense.....but operating in an envoronment where non professionals act as if they are actually in the business can be a little frustrating at times. I''m basing my statements on our dealings with cutters- which take place on a daily basis

I''d also like to assist AGBF in choosing a stone- if I''m wrong, and the prices are lower than I''m saying- then so much the better for AGBF, right?
 
David - it''s not Deborah who is looking for a radiant. She just re-posted it on behalf of someone else.
 
Thanks cinnebar- yes, now I see it is Godiva548 who is looking for the diamond
 
I ma not a professional by all means, but it does sound like a few of them listed 80 something quotes (for I do not know how many diamonds) , 1.5-1.6 H-VS1 GIA radiants among which the most expensive is 9k and the least 7k. Crazy? Worse ?


Perhaps the sheer frustration from looking at those listings without any more tangible details to go for make it worth while to expect a little perk in exhange.

... on the next database page, there are a couple H, SI1-SI2 about 7-8k too. Does this even have to make sense ?
 
Hi Val......
Looking over the numbers again, I think I was a little rash- 9K is within the realm of possibility for a 1.50 H/VS1. It''s a low price, but possible.
One could easily spend $10K and it would not be "expensive"

$8000 sounds to me like an outdated listing, or an undesirable diamond.
$7k is WAAAY out in left field.
 
Date: 9/29/2005 5:16:21 PM
Author: diamondsbylauren

...9K is within the realm of possibility for a 1.50 H/VS1. It''s a low price, but possible.
Click to expand...
I don''t think the initial price ''rip off'' was mentioned. If it was above these quotes, no wonder it sounds unpleasant. Oh well...

Not that I could find many advocates of descending diamonds off a list sight unseen.
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Hi, David-

I am sorry that I inadvertently misled you into thinking I was looking for a diamond! I did not mean to ignore your postings, either! I just do not read Rocky Talky on a regular basis. (I spend more time in Jewelry Pieces and some off-topic areas.) Today is the first time I went through the forum to see if there were any threads in which I was interested that had new postings added to them since I last went through!

I have the opposite problem from needing a diamond (not that I would return one given to me as a gift!). Before I even think of buying another one, I have to set one that has been unset and in the safe deposit box for years! I was hoping to have it put into a Gurhan ring, but that did not work out!

Thank you for thinking of me!

Deborah
 
Hi Deborah- thank YOU for thinking of me....
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Doing a search for 1.5-1.6 H VS1 radiants with AGS or GIA reports shows a range of just about $7k to $9k. A "bricks and mortar" store will charge a bit more than the internet for the convenience of shopping locally and having them there to do upkeep, so their prices may be 10% higher. You''ll see mark-ups a lot higher than that at places that operate like used car dealerships (room to negotiate but you have to know what you''re doing).

You said you have to fight the jeweler because he or she is going to rip you off. Yes, we should be informed customers, but we also shouldn''t patronize stores that are dishonest. Is that how you approach all potential sales, or do you have a particularly bad feeling about this business? If so, I might consider going elsewhere where the relationship can be more friendly and trusting.

Also keep in mind that if your stone does not have a lab report or has an unknown or less reputable report, then the price should be discounted accordingly. The same search for EGL reports shows a range of $6600 to $7700, and EGL is considered to be a reputable lab, just less stringent, so discount further for an unknown lab or the jeweler''s own appraisal (you''re paying more for the assurance that the stone has been graded according to strict standards since one color or clarity grade up or down can drastically change the price).

As far as whether or not PS reflects the market price of the diamond, I''m going to side with Adam Smith on this one. The "invisible hand" of economics will straighten out the prices listed here rather rapidly, so I find it hard to believe that dozens of stones are mispriced. Just as rising gas prices reflect a reduced supply and instability in certain parts of the world (and not the gas station owners'' secret conspiracy to screw us all), the competitive prices here on PS reflect the effect that an open market has on mark-ups (keeps them to a bare minimum). Of course, the openness of the market makes jewelers like godiva548''s allegedly shady one squirm because they don''t have the advantage of an inequality of information to justify an outrageous markup. These jewelers simply need to prove that they are still valuable in an online world (which of course they are since who doesn''t like to have a beneficial, friendly, local relationship with a good business?).

My husband is a financial advisor, and sometimes people come along who want to pay no commission or fees. They know that they can trade stocks online for virtually nothing, so they want to know how these greedy FA''s justify charging them. Hello people! If you are smart enough to beat the market yourself, then go for it! If not, pay somebody else to do what you can''t do with your money. It''s the same thing with local jewelers. If you can (thanks to the information age and very meticulous online vendors) determine the lowest possible price for a consumer for a top of the line stone, then go ahead and buy it sight unseen. If you can''t, then find somebody who will help you with the process.
 
Hi Phoenixgirl- who''s Adam Smith?
Is he going to sell you this $7000 1.50 well cut H/VS1 radiant with GIA report?
If he''s claiming the ability to do that, something is very wrong someplace.....

Simply because there''s a list, with a lot of prices does not mean that the prices are accurate, or every stone is desirable, or well cut.
Then, you extrapolate from this list that a store should be 10% above this list- also an incorrect assumption. This really gives an innaccurate picture of the actual prices people will see.


If you think I''m wrong, try to buy the $7000 1.50 H/VS1- such a stone, if well cut, would be a great bargain at $8k- I don''t think you could actually find one even for $8K-IF it was well cut with a GIA report.

For my reference, I''m using actual market experience- dealing directly with cutters - on a dialy basis.
 
Date: 10/3/2005 12:41:27 PM
Author: diamondsbylauren


If you think I''m wrong, try to buy the $7000 1.50 H/VS1- such a stone, if well cut, would be a great bargain at $8k- I don''t think you could actually find one even for $8K-IF it was well cut with a GIA report.

For my reference, I''m using actual market experience- dealing directly with cutters - on a dialy basis.
Click to expand...
David, you might want to check out Blue Nile since BN suppliers update their listings daily. There are several 1.5+ H VS1-VS2 radiants listed below $8,000...One can place an order online.

e.g. http://www.bluenile.com/diamonds_details.asp?pid=LD00195092
http://www.bluenile.com/diamonds_details.asp?pid=LD00298538
http://www.bluenile.com/diamonds_details.asp?pid=LD00959194


Is there something seriously wrong with these stones?
34.gif
 
Let''s take each stone-
#1- it''s an H/VS2- the price is low for an H/VS2, nothing stands out from looking at the numbers- this could be a very nice bargain.
#2- here''s the same seller charging less for a VS1 than a VS2- the 77 depth, 76 table will likely take this stone out of the "desirable"- or "well cut" status
#3- also at the outside edges of table and depth- probably not well cut.

Stones #2 and 3 are outside the PS parameters for well cut Radiant diamonds.

Now- let''s take a look at what else Blue Nile has in the same category-
1.52 H/VS2- with medium blue- for $9000. http://www.bluenile.com/diamonds_details.asp?pid=LD00328939
Doesn''t that suggest something? If $9k is fair for one diamond, why is another - same grade- priced at $7634?
Maybe the list, even though it might be updated daily....maybe it''s still not completely up to date.

Why would there be a $1400 difference between 2 carat and a half radiant diamonds with the same GIA color/clarity???

My take is that certain stones are simply un-attractive- or the list may be out of date.
 
Thank you Leonid.

In my experience, diamonds offered well below market present a clear cause for concern. This is always good advice.
The cases where it turns out it was an H/VS1 from some lab other than GIA or AGS for example.

I don''t believe you can buy a nicely cut Radiant 1.50 H/VS1 with GIA report for $7000 today.

If you can buy a nicely cut 1.50 H/VS1 Radiant for $8k from a top notch seller like Whiteflash or Blue Nile- then it''s a really great deal.
 
Date: 10/3/2005 7:50:12 PM
Author: diamondsbylauren

In my experience, diamonds offered well below market present a clear cause for concern. This is always good advice.
Click to expand...
Not always. Not if it comes from a competitor who uses a fear-tactic or not fond of the internet diamond brokerage... As in the case with the threads I posted above your advise was not good because diamonds were available at the prices you called "too low" and customers were happy.

David, are you a member of any trading network? There are about 500-600 members there listing over 200,000 diamonds. These listings are mainly for business-to-business operations - not for consumers. Are you saying they are all unavailable and all these companies just post ghost listings (some of them updated daily)?

For instance, 1.54 H VVS2 that Coda72 is listed at -27% off Rap by well known wholesaler. There is a good chance it is available.

There are 10 well proportioned 1.51-1.54 H VS2 GIA-graded Radiants listed in the trading networks today raging from -35% to 28% off Rap. They all would cost consumers less than $8,000 if bought over the Internet using credit card. I doubt all of them are unavailable.

All it takes from a consumer is to contact vendor and in case of doubt send it to an independent appraiser for evaluation.

On a side note, we know you are very vocal about diamonds listed in the internet. However, it is not cool to attack consumers here just because they run searches on the database.
38.gif
 
I've noticed that David does a lot of posting here in the interest of keeping his prices up and defending the types of stones he has in his inventory.
The self-interest in his posts is painfully not subtle.

I've seen this problem on other forums.
Does this violate PS rules?

David I'm not attacking you personally.
I am giving one reader's feedback on what turns me off.
If you want more business from PS readers you might want to change your style.
Notice how several other vendors here help shoppers, frequently with no benefit to their business.

I'm sure I speak for many who are too polite to mention it.
 
Kenny, I fully agree with you. I've been trying to keep out this thread recently because my temper tends to get the best of me, and I don't want to violate the terms of use. But I was getting tired of being treated like I am an idiot. I personally bought my diamond by using the ps database, and I got it for a very good price and I am extremely happy with it!
 
coda72,
Im sorry that David made you feel bad.
It is not something that the owners here nor the regulars want for people who visit here.
Its not what this forum is about.
Thank you for the help you provide.
 
Hi everyone!
If I suggest that a price is very low, I'd think that would make someone feel good if they paid such a price. If a seller tells you you got a great deal and you did not buy it from them, doesn't that re-enforce the good feelings about the purchase?

In this thead, a person was concerned they were getting ripped off by a jeweler- I'm saying it's not a "rip off" if a retail jeweler offers a well cut 1.50 H/VS1 diamond for $9500- or even $10,000.
I'm not doing this to help sell any diamonds for our company, rather this type of advice might help a consumer with the decision on where to buy- from an online seller, or a retail seller.

Leonid, no I do not participate in the network you mentioned.
I do not see any cetters selling well cut carat and a half radiants at 30% below rap in NYC. This would lead me to question the offering of such stones at that kind of price- again, if I'm wrong, I am helping others sell, not us.


It was never my intention to insult anyone, and I apologize if I did.

I honestly can say that I have devoted a lot of time to answering questions that pertain to our specialties, simply to assist consumers- and my actions and posts have proved this over the years.

 
David there is no question you insulted someone and they deserve a direct apology now the question is if your decent enough to own up to it and say your sorry to the person.
 
I am new to this forum ( this is my first post), and I feel compelled to toss my 2 cents into the arena. The original question was for pricing info on the diamond.
I think informed trade people know that 7k is not legit for a no issue, very well made stone. Very sharp on line pricing ranges $7500 to $8500. Competitive B&M prices in the NY/NJ area range $8000 to $9500. Note: B&M prices vary geographically.
I see a forum member (cut rock) offer an accurate opinion of internet and B&M price ranges. Suddenly, everone seems to get either defensive or somehow insulted by the remarks. Why?
You want to buy the stone at 7k, you''ll certainly run the risk of owning a stone that''s worth 7k. The best advise anyone can give a buyer is to feel comfortable with the seller and if you still have after purchase fears, just get the opinion of a competant 3rd party consultant / appraiser. What''s the big deal? It really is possible for a purchase to be that easy if you really want it to.
Since this is my first post, allow me to say that my opinions are based on my background as a gemologist, diamond buyer and appraiser for a large independant retailer in N.J. This certainly does not entitle me to be right or wrong. Just giving an opinion.
 
Hello Ray welcome to pricescope.

Interesting thread for a first post.

diamondsbylauren aka David is a vendor.
The first rule for vendors on pricescope which David should know is vendors can not insult consumers and if it happens they had better give an apology as soon as possible
It is clear that coda72 was insulted by David''s posts.
Thats the bottom line.
 
Thanks Storm, couldn''t have said it better myself!!!!!
 
Date: 10/4/2005 12:04:43 PM
Author: diamondsbylauren




It was never my intention to insult anyone, and I apologize if I did.




Click to expand...
Coda, I apologize if the tone of my posts were insensative, I am sorry if they insulted you in any way- or anyone else.

I am grateful to Leonid- because he''s allowed me to post here - although my opinons are rather controversial sometimes.
That''s one reason things might get heated at times.
 
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