Right Price for the quality ??

[bluchip]

Hello and thank you in advance for any help you may provide. I am looking at the following stone at a price of $7350. That is pretty much what I can spend on a stone and would like to stay in the 2.00c area. Please let me know if you think this is a good pricec for a decent stone based on the EGL cert.

Measurements
6.73 - 6.54 x 5.33mm

Weight
2.00ct

Shape
Princess Cut

Color
I

Clarity
VS1

Depth
81.5%

Table
76%

Girdle
Med - Polished

Polish
Very Good

Symmetry
Very Good

Fluorescence
Slight

Culet
None

 

[chrono]

That stone is way too deep at 81% depth and will probably look like a 1.5ct princess cut stone. Carat weight is a misleading way of shopping because a deep stone will look smaller than a well cut stone with proper depth, even if both are the same carat weight. I can tell you right now that for $8K, you will not find a decent looking princess cut stone that hits the 2 carat mark unless you drop down drastically in the colour (JKL) and clarity (I)

Also, is this EGL cert from USA or Israel or some other? Not all the EGL certs are equal. Some are more lax in grading than others and the I VS1 could end up being K SI1.

Do you have any pictures of the stone?

 

[diamondseeker2006]

Welcome!

Well, the problem with EGL certs is that they are often not accurate on the color and clarity grades, so it is impossible to know if the stone is a good value or not. Generally, you get what you pay for. The sad thing about pricess cuts is they face up so much smaller than a round. A 1 carat round is about 6.5mm in diameter. I am not sure about princess cut proportions, but hopefully someone who does will see your post. I wonder if this one isn''t a little on the deep side since it is facing up very small.

But the bottom line is, if you buy an EGL stone, you need to have an independent appraisal done within your return period so you can return it if it is not as represented.

 

[Lorelei]

Welcome to Pricescope.

The price you mention is in the region of what you would expect to pay for around one carat and slightly larger. I don't know much about PC diamonds, but it does look as if this one has been cut very deep, so it is likely it will look smaller for it's weight. Regarding the grading report, it would be helpful to know if it is EGL USA or other, they are said to be the strictest EGL lab. Bottom line, if you want a largish diamond on a budget and you have seen this diamond and like it, then it may be a consideration as not everyone wants a superideal cut diamond, but otherwise I would pass, go smaller and better cut. If you do consider it, make the sale final on an independant appraisal to make sure it checks out. Also try to check it out in different lights if you can, and make sure the vendor has a return policy. As it is an I colour, larger fancy shapes can show tint more, so you want to make sure the diamond is ok with you for any visible tint, especially from the side and depending on how it appraises for colour, it could possibly be a J or even a K in actuality - not saying it is, but that there is a chance it might be.

 

[bluchip]

I have attached the Cert to this post. Perhaps it might help a bit more with it here.

 

[Lorelei]

Date: 12/27/2007 10:39:30 AM
Author: bluchip
Thank you all for the help !! I guess the quality based on the cert threw me off a bit. I am so glad I found this forum, will be back with another stone soon

Most welcome

 

[diamondseeker2006]

Here''s an example of a well cut stone at 2 cts., and you''ll see that it is closer to 7mm in diameter and is about double the price of the one you were looking at even though this vendor is reasonably priced for the quality of stones he carries:

http://www.goodoldgold.com/diamond.php?d=2177&shape=16&ctMin=1.5&ctMax=2.3&clarity=96&color=28&resultsColumns=268435471&singleResult=1#script

My recommendation would be to go with a better cut stone and go under 2 cts. to keep from paying the price premium a 2 ct. commands. Here is the only one I can find that is close to your price point with an excellent cut:

http://www.jamesallen.com/diamonds/I-SI1-Ideal-Cut-Princess-Diamond-1110877.asp?b=16&a=12&c=77&cid=131 1.7 I SI1 $8020 with wire discount

The nice thing is that it is almost the same size as the one you posted, but it is a much better cut stone.

 

[bluchip]

Cant thank you enough !!

 

[Steel]

Welcome bluchip,

You have received excellent advice.

Your question was about price for the quality of stone listed. In the normal high street market X carat weight for X $ or £ or € etc is what people look at. As you probably know by now, we pricescoper''s look for more information and then base the value of the diamond on that info.

To a person on the street who looks to buy a diamond; 2cts at under $7 1/2K sounds pretty sweet.
But when you consider these factors:
...that the stone will face up smaller because of it’s cut.
...that the lab which certed the stone may not be very strict.
....as a result the stats listed may be worse (perhaps better).
Then the deal looks less sweet, even before the experts chime in to critique the ''cut'' of the stone.

That said, when DH proposed to me, had we gone to a B&M jeweller and he bought me the stone you have selected I would probably have swooned

with delight.

I just know better now and would want to take the same cash and buy a better stone from a vendor I trust.

You are not wrong in your choice but we could help you to find better.

Once again, Welcome

.