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Trying to get an idea of value of this ring/diamond

D

dk1990s111

Rough_Rock
Joined
Jan 15, 2015
Messages
7
Hello everyone,

I had a ring made in 2012 by a friend of my mom's (she is in the bridal business) in the LA jewelry district, was going to propose to my girlfriend but she cheated and left me. Better for her to do it before I proposed rather than after lol :shifty: anyways not really sure about what to post as far as details. I will get a picture of the ring up tonight.

The UGS card I got with the ring says:

Measurements: 6.53 x 4.66 x 3.07 mm

Shape/cut: Emerald step

Weight: 0.88 ct

Clarity: SI1

Color: D

As for the ring, it has a border of a bunch of smaller diamonds around it.

Just decided that its pointless to keep it since I won't give "her" ring to someone else down the road. Not trying to sell it here, just looking for advice on what would be the best way to sell.
 
Here's some pictures, hard to get good pictures with an iphone so I will try to get better ones with my camera in a little bit

any opinions? where is the best place to sell something like this?

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_551.png

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Nice ring! Put it on the low cost listing sites like Diamond Bistro and Loupe Troop. List in the Pricescope pre-loved forum. Consider listing on Ebay (though their fees will take a chunk out). Make sure you sell to someone with a verified paypal address and good references/ratings.

Take really, really good photos. A video, if possible. Give as much information as possible. Discuss flaws and strengths of the ring. Get an appraisal. It's a big investment for your buyer, who needs to know as much as possible.

The goal is recovering somewhere between 50% and 75% of what you paid. If I were in the market I'd offer $2200, but I'm a bargain hunter looking at blurry photos and incomplete information. You'll get a higher price than that with a complete sales package.

Don't go the pawn shop!
 
danielxlin|1421605292|3818478 said:
The goal is recovering somewhere between 50% and 75% of what you paid. If I were in the market I'd offer $2200, but I'm a bargain hunter looking at blurry photos and incomplete information. You'll get a higher price than that with a complete sales package.

Don't go the pawn shop!
Click to expand...
That is a very generous offer for a non GIA graded stone... :bigsmile:
 
Plenty of pre-owned jewelry is sold and bought without a precious GIA certification. The gold and diamonds in your pretty ring have value, even if the diamond nerds don't think so.
 
Example: http://diamondbistro.com/category/216/Natural-Diamond-Center/listings/41472/18k-White-Gold-96ct-Solitaire-I-1-F.html

Non GIA certified ring offered on diamond bistro for $2999. No precious GIA but the center stone is a decent size and the ring is pretty, the 18k gold has value. Good pictures and lots of information gets a ring like this sold for over $2000.

Diamond nerds want certifications. Regular people just want some shiny jewelry, with authentic gold and diamonds, for not too much money. Supply that need.
 
danielxlin|1421675316|3818831 said:
http://diamondbistro.com/category/216/Natural-Diamond-Center/listings/39108/Final-price-reductionNeil-Lane-wedding-set.html

Or this one. No GIA but plenty of bling = a couple of thousand in resale value.

Obviously you're not getting back the total $4000 to $4500 you paid at retail for your emerald cut ring.
Click to expand...

And notice how those rings haven't sold? Most rings that will sell do so within 72 hours FYI. Most of the people buying on those sites are very informed buyers AKA "diamond nerds". Also, this new poster has no reputation or history here so I doubt many here would bite for that reason.

I would suggest, if you're serious about selling but not necessarily in a rush, that you:

a: Have the diamond unmounted and sent to GIA for a grading people can trust (this is the only way to assess actual value), then you can come back here and make a listing.

b: Contact one of our trusted vendors who take consignments, Jewels by Grace and Good Old Gold, and see if they will sell your ring. They can either send the diamond to GIA or have a very well known and trusted appraiser check it over (depending on potential value). This is the safest route considering you have no idea what quality of diamond you actually have and no clue what the value should be after 3 years vs. what you paid. There is a consignment fee but it's far worth it for peace of mind IMO. I have sold through consignment several times and always been happy.
 
danielxlin|1421672640|3818818 said:
Plenty of pre-owned jewelry is sold and bought without a precious GIA certification. The gold and diamonds in your pretty ring have value, even if the diamond nerds don't think so.
Click to expand...

All the GIA does is let you know what you are actually buying. You say "precious" as if it's some elite snobby thing to have, it's a smart thing to have. It's not like only some special high end group of people can get one, FYI anyone can send their diamond to be graded and usually it's around $100 (depending on stone size) which costs less than most appraisals. I bought a pair of OEC studs on eBay and when I go to have them reset I'm sending them to GIA just to know what I have.
 
Minimum cost of Jewels by Grace consignment fee: $375
Cost of GIA certification: $100 to $200
Cost of a jeweler removing your diamond so you can mail it to GIA: $75 to $150?
Cost of re-setting the diamond after you get it back from GIA: ???

All this so he can find out what he already suspects: the diamond grades out at G and SI2 instead of D and SI. A lot of expense and hoopla for little return.

Listing on Diamond Bistro and other cheap/free sites with EXCELLENT photos and video, and a strong background story will do the trick of getting him some money back on his purchase.
 
danielxlin|1421677946|3818845 said:
Minimum cost of Jewels by Grace consignment fee: $375
Cost of GIA certification: $100 to $200 This is only if they think it's worth it and it's a whopping $53 for a diamond dossier, (maybe you should research what you're talking about).
Cost of a jeweler removing your diamond so you can mail it to GIA: $75 to $150?Most jewelers would not charge you for this if they are sending it for you or remounting it for you
Cost of re-setting the diamond after you get it back from GIA: ???It's not a complicated setting, $50-75?

All this so he can find out what he already suspects: the diamond grades out at G and SI2 instead of D and SI. A lot of expense and hoopla for little return.

Listing on Diamond Bistro and other cheap/free sites with EXCELLENT photos and video, and a strong background story will do the trick of getting him some money back on his purchase.
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Have you EVER sold on consignment or on DB? I have and I'm giving my experience. You can get much more for something of presumably decent value selling through consignment bc people trust the vetted vendor, it's all about reputation and previous experience. And marketing. FYI the consignment fee of $375 is only paid from the sale price, nothing upfront, and it includes the cost of the appraisal. Also, they handle EVERYTHING so there's no risk. That's worth $375 to me. Not to mention, once again, no one on these boards will buy from a brand new member who they don't trust.
 
Straight from Grace's site:

"We advise people that in some cases, unless your jewelry has a fair market value of at least $3,000, it may make more financial sense to try to sell your goods yourself as a first step."

Grace agrees with me. $375 fee is likely too much to pay for a ring that's going to sell for something around $2000 to $2400. GIA certification also cuts into his margin.

(I agree the buyer has already made the initial mistake of buying a diamond engagement ring without a GIA. But that's in the past. Now the question is how to recover the most amount possible from his mistake. I wouldn't invest any more money in the selling/certification process. List the ring for a reasonable price, take incredible pictures/video, and there will be a buyer.)
 
danielxlin|1421680669|3818862 said:
Straight from Grace's site:

"We advise people that in some cases, unless your jewelry has a fair market value of at least $3,000, it may make more financial sense to try to sell your goods yourself as a first step."

Grace agrees with me. $375 fee is likely too much to pay for a ring that's going to sell for something around $2000 to $2400. GIA certification also cuts into his margin.

(I agree the buyer has already made the initial mistake of buying a diamond engagement ring without a GIA. But that's in the past. Now the question is how to recover the most amount possible from his mistake. I wouldn't invest any more money in the selling/certification process. List the ring for a reasonable price, take incredible pictures/video, and there will be a buyer.)
Click to expand...

And he won't know how much it is worth unless GIA or an appraiser checks it out. And again NO ONE from these boards will buy from a new member, he might as well just list on eBay (again only if he has reviews) or craigslist for that matter. "Most possible" doesn't mean anything if NO ONE will buy it. For that matter a trusted appraiser (vetted, independent, does NOT sell jewelry) will charge quite a bit for an appraisal (I usually pay around $200 in NY) so it's not that much of a stretch to $375. You are so adamant that he take a path that most likely will not work. All I'm saying is contact and ask, JBG will let you know if it's worth it or not. Going the way you suggest he'll be lucky to get $1k.
 
OP has some idea of what the diamond is worth. He knows what he paid originally. If he paid $4000 originally then he will know the approximate range of resale value.

OP has a certification. The EGL/UGS certification is of a D, SI diamond. In the real world that translates, approximately, to an F color, I1 GIA-certified diamond. If the OP spends $150 (minimum GIA dossier, jeweler fees, shipping, insurance etc) and gets a GIA certified F color, I1 diamond, that's not going to help his situation.

The only reason to risk the expense of GIA certication: hoping the certification comes in with some upside. I highly doubt that happens.

It is mostly free (aside from shipping/insurance) to send it to Grace for an evaluation. Maybe that's a good route. But I still doubt it would be listed for more than $3000 on her site. And that $375 fee will take a big bite out of his final take if he does sell the ring for consignment.
 
danielxlin|1421684800|3818888 said:
OP has some idea of what the diamond is worth. He knows what he paid originally. If he paid $4000 originally then he will know the approximate range of resale value.

OP has a certification. The EGL/UGS certification is of a D, SI diamond. In the real world that translates, approximately, to an F color, I1 GIA-certified diamond. If the OP spends $150 (minimum GIA dossier, jeweler fees, shipping, insurance etc) and gets a GIA certified F color, I1 diamond, that's not going to help his situation.

The only reason to risk the expense of GIA certication: hoping the certification comes in with some upside. I highly doubt that happens.

It is mostly free (aside from shipping/insurance) to send it to Grace for an evaluation. Maybe that's a good route. But I still doubt it would be listed for more than $3000 on her site. And that $375 fee will take a big bite out of his final take if he does sell the ring for consignment.
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Whatever, once again, NO ONE will buy it. Beating a dead horse at this point. Good luck OP.
 
Have you spoken to the person who made it? That's assuming it's in good condition and she is still in business of course. She may be willing to buy it or, more likely, broker it or sell it for some sort of a commission. It's going to depend on the nature of both the item and her business but it's usually free to ask. There's a pretty good chance that she's better at selling her own work than nearly anyone else.
 
Your definition of "no one," the relatively small group of people on Pricescope, is curious. Tons of diamond rings get sold on every day without a GIA certification. OP bought one of these rings! Why can't he find someone else to buy the same ring, for significantly less then he paid? It happens every day on Ebay.

There's a stream of commerce for OP to participate in. Sticking to Pricescope standards is fine but most consumers aren't so educated and just don't care.
 
Excellent idea by Neil to try to consign with the original jeweler. The ring is brand new, never worn. It is beautiful, too. If that doesn't work, I think you need a reliable independent appraisal with the stone in the setting from someone like Neil or David Atlas. They are known here and most of us would trust their evaluation. That way the stone would not have to be unset. Then you can post on Loupe Troop and perhaps have Neil or David me your intermediary to hold the ring until you receive the payment and send out the diamond to the buyer.
 
Thanks everyone for the advice.

When I bought it, the guy that made it did say he thought it turned out beautiful and that he would definitely be interested in buying it back if it didn't work out. So I guess that'll be my first option.

Otherwise I will try to list it on the sites danielxlin recommended (thank you very much I really appreciate your help)
 
dk1990s111|1421794589|3819503 said:
Thanks everyone for the advice.

When I bought it, the guy that made it did say he thought it turned out beautiful and that he would definitely be interested in buying it back if it didn't work out. So I guess that'll be my first option.

Otherwise I will try to list it on the sites danielxlin recommended (thank you very much I really appreciate your help)
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HI:

+ 1 to what Neil suggested. The other possibility is to take a "credit" at this same vendor, and then use that in the future. Or use it against other merchandise if that is of interest to you with the same vendor who made your ring.

cheers--Sharon
 
It doesn't hurt to try craigslist or kijiji. I sold a number of rings on craigslist but lots of low ballers.

I have purchased most of my diamonds without GIA certificates as long as the price is right.
 
dk1990s111|1444708122|3937702 said:
Bumping this old thread just to get opinions on my listing over on idonowidont.com, if anyone would care to take a look and give me any feedback on the listing/price I would really appreciate it.

https://www.idonowidont.com/diamonds/emerald-cut-engagement-ring-088-carat-size-55
Click to expand...

I don't know if you're open to it, but I suggest also listing it on diamond bistro and loupetroop. Nice websites where people are looking for these types of things.

Good luck in your sale :)
 
dk1990s111|1444708122|3937702 said:
Bumping this old thread just to get opinions on my listing over on idonowidont.com, if anyone would care to take a look and give me any feedback on the listing/price I would really appreciate it.

https://www.idonowidont.com/diamonds/emerald-cut-engagement-ring-088-carat-size-55
Click to expand...

I like the ad. The pictures are good and so is the description. I can't really comment on your price because I don't know anything about ECs.

I second what Niel said about listing it on Loupe Troop and Diamond Bistro. The listing is free and you already have nice photos. It wouldn't take much time and you have an audience of people shopping for what you are selling. I don't see any downside for you in it.

It's a pretty ring and good luck on your sale.
 
Sounds good, thanks for the suggestions. Sounds like those are the go to sites? My friend suggested the Idonowidont site after his coworker had good luck.

Ill post it up on those sites as well right now :D
 
1s the center stone .88 carats, or is .88 the total carat weight (ctw)?
 
VRBeauty|1444796524|3938067 said:
1s the center stone .88 carats, or is .88 the total carat weight (ctw)?
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The center stone is .88, I have no idea as far as the total carat weight :/
 
dk1990s111|1444803864|3938090 said:
VRBeauty|1444796524|3938067 said:
1s the center stone .88 carats, or is .88 the total carat weight (ctw)?
Click to expand...

The center stone is .88, I have no idea as far as the total carat weight :/
Click to expand...

That's OK that's not really the important part. Fingers crossed for your sale!
 
Nice pictures, I think you'll do well. Price looks good to me.
 
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