I bought a 4.10 stone from Whiteflash three years ago and had it insured for what was then the replacement value. Then I recently heard that large rough are very hard to get and that diamond prices have increased.
I took my ring to David Wolf and was shocked to learn that the replacement value is now $13,000 more than just three years ago and that I could now probably sell the stone to a dealer for more than I paid for it.
I know that Just Appriasers (David Wolf and Toby Smart) are very well regarded and I feel certain the appraisal was accurate because I happened to be at another jeweler where I bought my eternity band to have the prongs checked. He had nothing to gain by complimenting the ring but he also estimated its value in the same area as Just Appraisers had.
What surprised me is that my stone is an I SI2, although extremely well cut and eye clean--unusual for a stone this size. I knew that diamond prices have gone up but I had not realized how much for a lower color and clarity. I would be interested to know whether higher color and clarity large stones have also gone up to this extreme.
Anyhow, I would advise anyone who has a large stone, 3+,might want to have their stones re-appraised since there seems to be a great shortage of larger,rough stones and prices have increased over the past very few years.I am by no means advocating buying diamonds as an investment. There are safer ways to place your money but I thought I might make some of you aware that if you do have a large stone, it may be underinsured by today's prices
I took my ring to David Wolf and was shocked to learn that the replacement value is now $13,000 more than just three years ago and that I could now probably sell the stone to a dealer for more than I paid for it.
I know that Just Appriasers (David Wolf and Toby Smart) are very well regarded and I feel certain the appraisal was accurate because I happened to be at another jeweler where I bought my eternity band to have the prongs checked. He had nothing to gain by complimenting the ring but he also estimated its value in the same area as Just Appraisers had.
What surprised me is that my stone is an I SI2, although extremely well cut and eye clean--unusual for a stone this size. I knew that diamond prices have gone up but I had not realized how much for a lower color and clarity. I would be interested to know whether higher color and clarity large stones have also gone up to this extreme.
Anyhow, I would advise anyone who has a large stone, 3+,might want to have their stones re-appraised since there seems to be a great shortage of larger,rough stones and prices have increased over the past very few years.I am by no means advocating buying diamonds as an investment. There are safer ways to place your money but I thought I might make some of you aware that if you do have a large stone, it may be underinsured by today's prices