I visited a respected local jeweller recently who showed me several diamonds. One stone in particular caught my eye and I learnt that it was 1.87 carats, colour H/I, clarity VVS1 and brilliant cut. I negotiated a price of £4,800 (7,515 USD) however, I insisted that the stone be graded. Prior to being dispatched it was noticed that the stone (which was secondhand and had been bought from an estate)had been slightly damaged. An additional £150 ($235)was charged to repair the damage.
Today I received a fax from the jeweller attaching a copy of the British Gemmological Institute Certificate. Their findings were:
Weight: (after repair) 1.75 CT
Colour: 8 (K)
Clarity: A5 (VS2)
Shape & Cut: Round Antique Cut
Polish: Good
Symmetry: Good
Measurements - 7.56mm x 7.72mm x 4.81mm
Proportions:
Crown Height: 18.32%
Pavilion Depth: 38.35%
Table Width: 45.94%
Girdle: Medium Faceted
Cutlet: Small
Fluorescence: Medium
Comments: None
I am can normally spot it when someone is trying to take advantage, however, the chap I talking to is part of a respected family that has been in the town for many many years. Nevertheless, it concerns me that he never noticed the diamond was damaged (albeit slightly)and his opinion of the colour and clarity were significantly out. He is not willing to negotiate on price as the stone has already been entered in to the Bonhams Auction and he remains confident that he will get his price. He is not proposing to enter the diamond with its certificate.
Does the diamond still represent good value? I am disappointed that I am not getting the deal I thought I was but I am still willing to proceed if considered approriated.
Many Thanks - Stephen
Today I received a fax from the jeweller attaching a copy of the British Gemmological Institute Certificate. Their findings were:
Weight: (after repair) 1.75 CT
Colour: 8 (K)
Clarity: A5 (VS2)
Shape & Cut: Round Antique Cut
Polish: Good
Symmetry: Good
Measurements - 7.56mm x 7.72mm x 4.81mm
Proportions:
Crown Height: 18.32%
Pavilion Depth: 38.35%
Table Width: 45.94%
Girdle: Medium Faceted
Cutlet: Small
Fluorescence: Medium
Comments: None
I am can normally spot it when someone is trying to take advantage, however, the chap I talking to is part of a respected family that has been in the town for many many years. Nevertheless, it concerns me that he never noticed the diamond was damaged (albeit slightly)and his opinion of the colour and clarity were significantly out. He is not willing to negotiate on price as the stone has already been entered in to the Bonhams Auction and he remains confident that he will get his price. He is not proposing to enter the diamond with its certificate.
Does the diamond still represent good value? I am disappointed that I am not getting the deal I thought I was but I am still willing to proceed if considered approriated.
Many Thanks - Stephen