Recut Diamond - If I decide to sell, How Much could I expect to get?

[donnabrsd]

I have considered selling this diamond and am wondering what I can get for it. Please do not make any offers. I just want to know a reasonable amount should I decide to list it for sale.

Thank you!

 

[distracts]

I would use the PS diamond search to look for diamonds with similar stats and proportions, then subtract 30-70%, and that will give you a range. I would expect probably to get about 40-50% off whatever a similar one sells for if you sell individually or consign (minus consignment fees). I don't know where would be best to do that since places PSers frequent like LT and so on probably wouldn't be the best venue for selling a GIA "very good." But you could look into places like IdonowIdon't, therealreal (if set), etc. There are plenty of places where an H VVS2 would move pretty quickly but trying to sell to PSers is not going to be the way.

eta - I haven't run the HCA score, but looking at the stats it could be one of those GIA very goods that scores well on the HCA so I would check that.

 

[sledge]

Hi @donnabrsd, is this one of your BGD recuts? I saw your other post but have been traveling and not had a chance to dive into your response yet.

What puzzles me is the images all look good, yet GIA graded symmetry as excellent, polish as good and cut as very good.

When I look at the AGS proportions chart it shows as if the stone should pull better.

The HCA is a 1.4 but has some very good scores in lieu of excellent.

Unfortunately pre-loved markets are soft. I would also guess 50-70% of retail, depending on your patience and potential buyer. To establish retail I like to visit RC and enter size, color and clarity along with fluor level to determine pricing. In this case I'd probably run a scenario for VG cut and also one for EX cut to see any price variance. My thoughts are you will have a smaller (and potentially less accurate) pool if you cap at VG only. Obviously I wouldn't expect VG to trade at EX prices but I'd discount a little myself to get you to a "retail" value for similar quality.

 

[yssie]

GIA cut grade reduction due to “G” polish. Of the myriad reasons for cut grade demerit, this is one of the most innocuous - something an educated audience will recognise.

 

[distracts]

GIA cut grade reduction due to “G” polish. Of the myriad reasons for cut grade demerit, this is one of the most innocuous - something an educated audience will recognise.

You’d think if it was recut by Brian Gavin Diamonds they would have fixed that, no?

 

[yssie]

You’d think if it was recut by Brian Gavin Diamonds they would have fixed that, no?

I sure would think so! Unless it wasn’t possible - but I can’t think of any reason it wouldn’t be! So I assumed it wasn’t a recut Maybe scans from recut assessment?

 

[donnabrsd]

@sledge Yes, this is one of my recut diamond.

 

[donnabrsd]

You’d think if it was recut by Brian Gavin Diamonds they would have fixed that, no?

@distracts It was recut in 2013. I did not get it graded until last year. I was at GIA last summer for the PriceScope GTG, so I decided to drop off the diamonds since I was there. I did not expect this one to grade as it did because the diamonds I was quoted to match as earrings were all AGS000. It is too late to request a fix. Even if it was not, I prefer not to work with the vendor again.

 

[donnabrsd]

I sure would think so! Unless it wasn’t possible - but I can’t think of any reason it wouldn’t be! So I assumed it wasn’t a recut Maybe scans from recut assessment?

@yssie This is a recut. The images I posted are after the actual recut.

 

[Karl_K]

Comps are rare on the PS search for this, but there is a 1.14 and a 1.16 on the PS search you can use for comps.
That will get you the internet retail price as a starting point.

 

[yssie]

Thanks for clarifying @donnabrsd, that’s helpful. It sounds like your experience was less than stellar - I’m sorry about that, and I hope you’re able to sell quickly and for a price you are pleased with.

 

[sledge]

I am sorry BGD was a bad experience for you.

Like others I am not certain why polish wouldn't have been excellent. I know you indicated there was a time lapse between the re-cut and sending for grading but I've not heard of polishing diminishing from just time elapse. Was there anything else that happened to the stone in that time period?

Although I know you don't wish to work with BGD again I'd really like them to explain why it wasn't EX and/or repolish and resubmit (on their dime) as this seems like their fault at first glance.

Have you talked with CBI, or possibly the cutter in Dallas that is sometimes recommended. Can't recall their exact name, but maybe SW Cutters or something along that lines. Seems others said WF recommended them.

If you could get it polished out better maybe it would change your feelings and/or give you a triple X stone when resubmitted so it would be more valuable. Or maybe it's just time to spit the bad taste out of your mouth and be done with it all. Again, very sorry for the frustration and experience you've had.

 

[distracts]

Have you talked with CBI, or possibly the cutter in Dallas that is sometimes recommended. Can't recall their exact name, but maybe SW Cutters or something along that lines. Seems others said WF recommended them.

Southwest Diamond Cutters - https://southwestdiamondcutters.com/

 

[donnabrsd]

Comps are rare on the PS search for this, but there is a 1.14 and a 1.16 on the PS search you can use for comps.
That will get you the internet retail price as a starting point.

Thank you! I will take a look at those.

 

[donnabrsd]

Thanks for clarifying @donnabrsd, that’s helpful. It sounds like your experience was less than stellar - I’m sorry about that, and I hope you’re able to sell quickly and for a price you are pleased with.

@yssie I looked at the comps that @Karl_K posted and they are much lower that I anticipated because the prices I originally received for a matching were much higher (close to $9K). I knew upon looking at the recut diamond it was not what I expected therefore part of the reason it sat for so long. With the grading, it made me have additional personal negative feelings for it. I will think about a price and perhaps list it. I would just like it to give someone else joy instead of sitting in my drawer. Before it was recut, I loved it. I thought about putting it in a floating solitaire pendant for my future daughter-in-law, but she said it is too big. Perhaps I hang onto it for a few more years and it will be the perfect size for her

 

[donnabrsd]

Was there anything else that happened to the stone in that time period?

Although I know you don't wish to work with BGD again I'd really like them to explain why it wasn't EX and/or repolish and resubmit (on their dime) as this seems like their fault at first glance.

Have you talked with CBI, or possibly the cutter in Dallas that is sometimes recommended. Can't recall their exact name, but maybe SW Cutters or something along that lines. Seems others said WF recommended them.

If you could get it polished out better maybe it would change your feelings and/or give you a triple X stone when resubmitted so it would be more valuable. Or maybe it's just time to spit the bad taste out of your mouth and be done with it all. Again, very sorry for the frustration and experience you've had.

@sledge No, nothing happen to the diamond, it sat in the paper wrapping this entire time. I may have removed it 3 times to look at it. I do not intend to make contact and I have not contacted anyone else to look at it. I do not want to invest any additional money into it.

Yes, I believe it is time to part with it.

 

[AV_]

The same goes for any difference; there is always the question if the improvement is enough for the price.

I see enough rounds outsided H&A propotions I would not touch, but I have some trouble with floppy patterns in modern rounds & step cuts, and the ultimate refinements of H&A make sense - under magnification, of course, what I see is crispness - that comes from both precission & polish [at least]. I would really want to see what the H&A look like during brilianteering.

 

[sledge]

@sledge No, nothing happen to the diamond, it sat in the paper wrapping this entire time. I may have removed it 3 times to look at it. I do not intend to make contact and I have not contacted anyone else to look at it. I do not want to invest any additional money into it.

Yes, I believe it is time to part with it.

I get that. Again, I am really sorry to hear about this.

I can't blame you for not wanting to invest more money. My wife is a therapist, and one of her favorite sayings is "let it go". Always when I'm not in the mood to hear it, lol. But indeed I agree, it's time to let it go...both physically and emotionally.

Below is a screen cap of searches I did for you on RC and PS both. Appears all have excellent cuts but I didn't dive into any of them. I suspect some will be duplicates and have proportions that are inferior to your current stone.

At least it gives you a decent starting point.

Quick math says = 1.15 carats x $5,493 average per carat = $6,317 retail price

No discount for very good cut as opposed to excellent cut that most these stones in the search have.

 

[denverappraiser]

"List it for sale" where?

I can't help but notice that none of the above-described markets are ones where you have access as a seller. Selling is a lot more difficult than buying and there's a definite skill to it. Consigning to a dealer will have different results from selling to a dealer. eBay, Craigslist, LoupeTroop, and the like have a lot to do with how good you are at selling things. That's an attribute of you, not the stone. If you don't want to put effort and possibly money into it, I would recommend making a deal with someone else who will. This is not a simple question.

 

[sledge]

"List it for sale" where?

I can't help but notice that none of the above-described markets are ones where you have access as a seller. Selling is a lot more difficult than buying and there's a definite skill to it. Consigning to a dealer will have different results from selling to a dealer. eBay, Craigslist, LoupeTroop, and the like have a lot to do with how good you are at selling things. That's an attribute of you, not the stone. If you don't want to put effort and possibly money into it, I would recommend making a deal with someone else who will. This is not a simple question.

Neil makes a good point. I've not sold a pre-loved diamond, but I have sold lots of other used stuff over the years. I've used forums similar to PS, eBay, Craigslist and also taken ads in local papers and magazines. It always requires lots of hustling on my part.

Before I do list, I try to get to the best condition I am capable of and willing to do. Then I take lots of pictures and provide as many details and history as I can that I feel is relevant and will help someone during the buying process. Truthfully it's a lot of work. And you will likely get some "tire kickers" along the way that waste your time and efforts. It's part of the game unfortunately.

But usually if it's priced fairly, I find things move at a fairly decent pace.

An alternative thought. You mentioned you had 3 stones that were re-cut in the other thread. Have you considered possibly trading them in with a dealer like WF or CBI and using them to help get you a larger super ideal cut stone? Not sure if those make your heart sing or not, but they would have the capabilities to take the stones and apply the work that Neil mentioned, while allowing you to remove your time and energy from them.

Speaking of which, I need to stop dragging my feet and list my truck for sale. It's the process and hassle being discussed here that has me avoiding it. I could take to CarMax or similar and make my life easy, but I am stubborn and want a few more dollars than trade value.

 

[donnabrsd]

"List it for sale" where?

@denverappraiser I think I would try LoupeTroop. I am in no rush to sell so I could list and see what happens.

 

[donnabrsd]

@sledge Thank you for the comps and the average retail price. That is what I wanted so that I could calculate a selling price, should I decide to sell. I am super happy that I did not purchase a $9,000 diamond to match a $6,000 diamond for earrings. That would have really made me sad and to have such a difference on each ear.