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On 1/25/2003 8:28:18 PM Cut Nut wrote:
Interesting.
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?
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