Was it a right purchase? - 1.01 H-I1 Round diamond ring

[zard]

Hello.

I've recently purchased an engagment diamond from "peoples jewellery" in Toronto.
When I walked in and looked at diamond, it looked perfect. It was on sale, had already being presetted on 18k 4 prong white gold ring.
Due to resizing and adjusting the setting to Noth, South, West, East setting, it took me 2 weeks to receive it. When I had looked at the diamond, I noticed an "indented natural" on the corner of the Girdle. I may have not seen it at the time of purchase or it may have been hidden with existing setting.
My question is, is this diamond ring worth what I paid for?

Diamond Spec.

H - Color
I1 - Clarity
1.01 - Cart Size
Ideal - Cut
Gen Scan Certified
6.41 x 6.32 x 4.03 mm

Price of Diamond & Setting $5499
Service Insurance(warranty) $239.99
Total (including 13% Tax) $6485.06

 

[mogster]

Doing a quick PS search for stones of the same specs, the prices ranged from $2,252 USD to $2,883 USD. Without knowing the value of the setting and the B&M markup, it's hard to say whether it's worth what you paid for, though I do think you could have gotten a better deal online. Can you still return it?

 

[rubybeth]

Return, can find something better for that money. I wouldn't get an I1 for an engagement ring unless you specifically know the person wearing it is okay with that. Also, I wouldn't pay even one penny for a 'warranty,' they are generally just not a good deal. I'd just get jewelry insurance.

 

[farmer gal]

If you can return I would.

Here are some options from JA you could request idealscope images if you are interested.

http://www.jamesallen.com/diamonds/J-VS1-Excellent-Cut-Round-Diamond-1461949.asp

http://www.jamesallen.com/diamonds/I-VS2-Excellent-Cut-Round-Diamond-1441559.asp

http://www.jamesallen.com/diamonds/J-VS2-Excellent-Cut-Round-Diamond-1496909.asp

Possible Setting:
http://www.jamesallen.com/engagement-rings/solitaire/14k-white-gold-twisted-shank-contemporary-solitaire-11191w14.html

From BGD, You would have to call for pricescope discount

Diamonds:
http://www.briangavindiamonds.com/diamonds/diamond-details/1.047-j-vs2-round-diamond-ags-bl-104057888011

Setting:
http://www.briangavindiamonds.com/engagement-rings/solitaire/four-prong-solitaire-14k-white-gold-5342w14

 

[zard]

Thank you all. I have better idea of what I should be looking to buy. As for my diamond ring, I will take it back to shop for refund.
^__^

 

[diamondseeker2006]

Glad you are returning it. I'd stick with no lower than GIA SI1 for an engagement ring. Also, be sure you insist on GIA excellent cut.