On 1/25/2003 8:28:18 PM Cut Nut wrote:
Roc I understand EGL USA (NY, LA, Vancouver and Toronto) are all owned by the same group, and Israel and Antwerp (maybe London) are another.
I believe the latter 3 are softer than USA - certainly this is true of the stones we get in Oz from Israel.
you said "For most consumers the Imperfect grades is the kiss of death in selling. Rockdoc"
I doubt this is true - it assumes more of consumers than they know. Most diamonds get sold in Malls and the spiel backed up by a seemingly good independant 3rd party warranty probably works pretty well.
Fewer EGL stones are web listed, but I suspect that they get a goodly share of Mall sales - Do you think it might even be more than AGSL graded stones?
Most of the malls here only use them because of the inflated appraisal values, similar to the stone that is on another post, where the consumer paid $3100 and the appraisal value is $ 9000.00 Consumers are buying what they believe to be a DEAL when by their reliance in these proported "proper and independent" values, these blatantly excessive values they are being HAD!
Finally as you say EGL stones are listed at lower $'s. Do you think the market is on the money (as markets usually are)?
Say a EGL stone that is listed at -15% less than the equivalent GIA stone - would it be fair to say that the actual price for these diamonds would be equivalent?
Diamond dealers don't give away 15% for nothing. They are very smart and know what their doing. If the stone is selling for less, there usually is a reason.
Maybe sometimes the EGL stone might even be a bargain?
Possible but how does one separate the "good deal" from the con job?
I have a question for you, Laurie. I have an SI3 diamond but it has a very noticeable inclusion, visible to the naked eye. The reason I ask is I keep reading of people w/ SI3 or SI1 diamonds which have no flaws to the naked eye....what if it has a big old black speck???Date: 2/12/2003 8:145 PM
I was personally offended about that jeweler telling your friend to return her D SI1. I have a D SI1 H&A diamond and my baby is the most beautiful, fiery rock I''ve seen compared to the quality in stores these days. (Sue me, I''m biased!) The inclusions on my SI1 stone consists of a few miniscule pinpoints by the culet. You surely can''t see them without magnification! The local appraiser even graded it VS2. You were certainly right, there is a sentimental value attached to your friend''s ring and it''s priceless. Therefore, to that rude jeweler on my and your friend''s behalf, he can eat my shorts!