re-posting this with a clearer subject, since my previous was misleading.
I just got engaged about a month ago, (it was the perfect proposal!), and my ring is absolutely beautiful! It is perfectly what I wanted, down to the setting, and it sparkles like nobody's business! I loved it the minute I laid eyes on it.
However, because we were overseas, I have only gotten around to getting the appropriate appraisals for my ring for insurance purposes.
My F got the diamond and setting at a diamond exchange, I will post the diamond specs, but the setting is a custom made platinum setting with .30 ctw of VS2 colorless/near colorless (FGH) full cut rounds, 3 on either side of the center. Based on some internet research of similar settings, this runs about 1500$ as per online retailers (blue nile, brilliant earth). the diamond specs are as follows, and I've attached the diamond grading plot/proportions on my GIA.
Round Brilliant
6.52 - 6.55 x 4.01mm
1.02
E color
SI1
Very Good Cut
Excellent Polish
VG Symmetry
No Flourescence
Now, I know that appraisals from the actual seller tend to be greatly inflated so you think you got a "deal", but I went to an appraiser at another jewelry store (with many qualifications GG, CGA from AGS, ISA, NAJA). I am also still waiting to receive the appraisal from the seller himself, which I know will most likely be inflated at least 3 or 4k more.
Once he was finished he came over to discuss the approximate appraisal value with me- the setting being around 1500, but the diamond from between 7000 to 8000. The reason he discussed the final value with me was because my SI1 (GIA), E Color, Very Good Cut, diamond has two tiny naturals (cavities) on one of the lower edges of the table, plus an inclusion. The inclusion didn't seem to affect him as much as the two naturals, which he said would lower the price of the diamond closer to the 7000 side, but I've looked online for something comparable and it is rare to see any SI1s with cavities in the table. I found one with only one cavity, and I can't remember the exact price, but it was probably around 6500. Based on what I told him my F paid for it, he put it at 8000 for the stone to be on the safer side, so the total appraisal value was 9500$.
What should I do? I'm not sure I want to exchange the stone because it is THE stone he proposed with, and he absolutely loved the way it looked and sparkled, and I love my ring. The cavities don't visually bother me at all, the appraiser just made it seem like he should have gotten the stone for 7000 or LESS because of them, but again, he may have downplayed because he has his own jewelry. I only noticed them because of course a girl stares endlessly at her diamond when she first gets it and when white flashed across the table facet i noticed two tiny "black" specs where the cavities are. The actual crystal in the stone is noticeable from the side and from the top if you shade it a certain way and know where to look, but no one but me will ever look at it that closely, and it is so sparkly it doesn't matter anyway!
I'm more upset that the salesperson a- should have given him a discount on the stone because of the cavities, b- charged him the price of an SI1 with no table inclusions/externals. It's been over a month since her purchased it... do I have any kind of an argument for at least him to refund him back some money? Or should I leave it be? Since even the lower initial value the appraiser discussed with me was only a few hundred from what he paid for it?Should I go to the independent appraisal? Or just use the one I just received (since he did write it for 500$ more than what was paid for insurance purposes? So based on all of this information, a reasonable price for this ring, would have been anywhere from 8000, NOT 9000, and assuming he paid around 1500 for the setting, for the 7500$ diamond price, he should have gotten an SI1 without any cavities on the table correct? Or is the 9000$ a reasonable price for something that was custom made, taking into consideration someone had to create/alter the setting?
Thanks so much for your help!
I just got engaged about a month ago, (it was the perfect proposal!), and my ring is absolutely beautiful! It is perfectly what I wanted, down to the setting, and it sparkles like nobody's business! I loved it the minute I laid eyes on it.
However, because we were overseas, I have only gotten around to getting the appropriate appraisals for my ring for insurance purposes.
My F got the diamond and setting at a diamond exchange, I will post the diamond specs, but the setting is a custom made platinum setting with .30 ctw of VS2 colorless/near colorless (FGH) full cut rounds, 3 on either side of the center. Based on some internet research of similar settings, this runs about 1500$ as per online retailers (blue nile, brilliant earth). the diamond specs are as follows, and I've attached the diamond grading plot/proportions on my GIA.
Round Brilliant
6.52 - 6.55 x 4.01mm
1.02
E color
SI1
Very Good Cut
Excellent Polish
VG Symmetry
No Flourescence
Now, I know that appraisals from the actual seller tend to be greatly inflated so you think you got a "deal", but I went to an appraiser at another jewelry store (with many qualifications GG, CGA from AGS, ISA, NAJA). I am also still waiting to receive the appraisal from the seller himself, which I know will most likely be inflated at least 3 or 4k more.
Once he was finished he came over to discuss the approximate appraisal value with me- the setting being around 1500, but the diamond from between 7000 to 8000. The reason he discussed the final value with me was because my SI1 (GIA), E Color, Very Good Cut, diamond has two tiny naturals (cavities) on one of the lower edges of the table, plus an inclusion. The inclusion didn't seem to affect him as much as the two naturals, which he said would lower the price of the diamond closer to the 7000 side, but I've looked online for something comparable and it is rare to see any SI1s with cavities in the table. I found one with only one cavity, and I can't remember the exact price, but it was probably around 6500. Based on what I told him my F paid for it, he put it at 8000 for the stone to be on the safer side, so the total appraisal value was 9500$.
What should I do? I'm not sure I want to exchange the stone because it is THE stone he proposed with, and he absolutely loved the way it looked and sparkled, and I love my ring. The cavities don't visually bother me at all, the appraiser just made it seem like he should have gotten the stone for 7000 or LESS because of them, but again, he may have downplayed because he has his own jewelry. I only noticed them because of course a girl stares endlessly at her diamond when she first gets it and when white flashed across the table facet i noticed two tiny "black" specs where the cavities are. The actual crystal in the stone is noticeable from the side and from the top if you shade it a certain way and know where to look, but no one but me will ever look at it that closely, and it is so sparkly it doesn't matter anyway!
I'm more upset that the salesperson a- should have given him a discount on the stone because of the cavities, b- charged him the price of an SI1 with no table inclusions/externals. It's been over a month since her purchased it... do I have any kind of an argument for at least him to refund him back some money? Or should I leave it be? Since even the lower initial value the appraiser discussed with me was only a few hundred from what he paid for it?Should I go to the independent appraisal? Or just use the one I just received (since he did write it for 500$ more than what was paid for insurance purposes? So based on all of this information, a reasonable price for this ring, would have been anywhere from 8000, NOT 9000, and assuming he paid around 1500 for the setting, for the 7500$ diamond price, he should have gotten an SI1 without any cavities on the table correct? Or is the 9000$ a reasonable price for something that was custom made, taking into consideration someone had to create/alter the setting?
Thanks so much for your help!
300x240.png)