Pricing

[TracyMc]

Hi
My fiance purchased a 1.ct solitar round diamond ring. We were told it was K color and P1. Cost $2000 but valued stated 6200.

The jewler sent it for valuation certificate and it came back saying C3 SI2 but stated for insurance purpose replacement cost would be $6200.

I have read a little more and now am concerned that we have been lied to and ripped off. very heart breaking.

The scale shows that a C3 is equal to a W/X and as such far from the K color stated by the staff at the jewlers.

can someone please advise if the color scale is correct and what a diamond would actual cost.

Kind regards,
Tracy

 

[c-k]

Is it a GIA or AGSL graded diamond?...if so what does the lab report say?

Never heard of some of your grades ...P1 C3 what is that?

 

[diamondseeker2006]

Obviously the value is grossly overstated. The stone is probably worth a little less than you paid, but obviously there is profit built into that amount if you bought retail. So if you love the stone, keep it, but certainly don't insure it for more than $2000. I do think you have grounds to return the stone since it came out so many color grades lower than they sold it to you as. I will say, however, that the valuation certificate is still not like a GIA report, so there is no guarantee that is correct, either. It was ridiculous for them to put a value of $6200. I personally would return it and start over elsewhere. I'd rather have a smaller stone that was well cut and GIA J color (or even a true K), SI1 clarity.

Look at this...Ideal cut, hearts and arrows, .70 K VS2, for $1992 with pricescope discount and wire payment. Seriously, you could do SO much better!!!

http://www.whiteflash.com/loose-diamonds/round-cut-loose-diamond-3043072.htm

(c-k, I think those are British grades? It isn't lab graded. The dealer told them one thing and then the valuation said another. Neither is equal to a reliable grading lab.)

 

[marymm]

C3 is a color on the brown diamond scale (runs from C1 to C.

I believe industrial grade diamonds are accorded P1 and P2 as clarity grades.

 

[diamondseeker2006]

I see the Argyle scale for C3 is medium champagne color basically on a brown scale as Mary said. Maybe I should have said Australian instead of British!

http://www.info-diamond.com/polished/color.html

 

[TracyMc]

Hi.

Thanks

Yes the shop assistant and the manager said K (light champagne) color P1 which is also known as I1.

The valuation is from an indipendant gemonolgist Platnium Gemologist.

They stated:
color was Argyle color grade C3
GIA clarity SI2
cut is estimated as Good

Yes I just rang the jewler stating I am quite upset and concerned that they have stated one thing but the ring is so much less.

I will see what my fiance says.
He picked it and it is my engagement ring so I love that it is a different color than normal but if he got ripped off I am very upset.
He wanted a 1ct.

It glows a yellow color under black light with flecks of prple all around the sides. (I know the purple is flurecent as I have flurecent diamonds and love the purple color) but does that mean the yellow is florecent as well?

 

[denverappraiser]

P1 and P2 are what most of the world calls what GIA calls I1 and I2. It’s sort of like spelling Gemmology with two M’s. There's nothing to worry about in the name.

C3 is from the Argyle grading scale for ‘champagne’ to ‘cognac’ diamonds. It goes from C1 to C7. As with the above, there's nothing fundamentally about the name that's a problem although it generally gets used to grade 'fancy' diamonds, which is quite different from what GIA calls K.

There is not a direct translation from Argyle grading to GIA grading. That said, why are you presuming the 2nd one is correct whilst the former is wrong? Mind you, that may be true, but the first question with ANY grading is who did the grading and why should you believe them. Is either grade from a source that you would count as particularly reliable (Both GIA and Argyle are just fine. Jewelry store employees who claim to be using their scales not so much)

Have you compared the stone to others available in the stores? Would you describe it as brown or light brown under normal sorts of lighting?

 

[TracyMc]

Hi, thanks for your advice.

I have researched that P1 vx I1, C3 vs K.
The store staff advised what the stone was, the store advised they had to send the ring away for valuation as they don't have certification or valuations on hand.

So it was the store that sent it to their indipendant valuer so there is no previous information other than what the store staff said and put on sales document. They also said it was an Argyle diamond but I dont see that anywhere on the sales document or valuation other than they have used Argyle color grading and GIA grading for cut and clarity.

The stone has a light warmish browny/yellow slight pink tint under florecent lighting, slightly more yellow in sun.

I have looked at K diamonds although they are harder to get in stores, and they appear a little more white.

compared to the colors shown in the GIA color chart on this website my ring is definately not as white as those shown.


I am trying to attach a pic but it is not working.

 

[TrueBlue]

So (1) the store sales staff estimated the colour and clarity and (2) their "independent" appraiser then estimated the colour and clarity? If you are unhappy with the diamond, the estimates seem sufficiently different that you should be able to return it, particularly given that the store can hardly dispute the assessment of their preferred "independent" appraiser.

Otherwise, if you really want an accurate picture of the diamond's stats, you should get a truly independent appraisal directly from one of the testing labs. This means sending it directly to GIA or AGS.

 

[denverappraiser]

The vast majority of people would not describe a K color as anything other than white until it’s under a deliberately harsh environment. Something like sitting upside down on a white piece of paper and where color is exactly what they’re looking for. It’s sort of like looking at a white wall, reporting that color, and then having someone point out that it’s actually slightly off (which they usually are). You can tell if you’re looking for it but it’s not the first answer most people would give.

An Argyle C3 would usually be called light brown or brownish as the first answer to the question.

That, of course, isn’t a very scientific test and it largely doesn’t matter. If you don’t like it, take it back. The 6200 seems crazy and it doesn’t really matter either way. Replacement valuations are NOT a valid test of what is and isn't a bargain. It sounds more or less like you paid a reasonable price. If you got what you want, stick with it. If you didn’t, get something else.