Would you buy a diamond with a certificate of 2 years ago?

[aoslab]

Hi,

Need your opinion on the above?

Here's also the ASET, IS and actual image. This has a HCA of 1.2 with Excellent on the light return/fire/scintillation and very good for spread.

TIA!

 

[Dancing Fire]

Re: Would you buy a diamond with a certificate of 2 years ag

maybe it was a trade in stone? look like a very nice stone...

 

[mimi72]

Re: Would you buy a diamond with a certificate of 2 years ag

Looks like a nice stone. What kind of certificate? AGS? GIA? The age of the certificate doesn't matter. It would be an appraisal that would change after a couple years. Am I missing something?

 

[farmer gal]

Re: Would you buy a diamond with a certificate of 2 years ag

It looks like a beautiful stone, I would buy it

 

[denverappraiser]

Re: Would you buy a diamond with a certificate of 2 years ag

Diamonds aren't perishable so there's nothing inherently wrong with a stone that's been sitting around for a while. The issue is what has happend to it during that time. Maybe it's been sitting in the dealers safe and maybe it's been on someone's finger. Ask. 2 years is not a particularly long time in this business. It would be different if we were talking about tomatos. If you're concerned that there may be an issue, make as a requirement of the dealer that they send the stone back to the lab for a new inspection (there's a fee for this that varies from lab to lab but it's usually reasonable). They'll tell you if it's damaged or has been altered and will issue a new report with a new inspection date. Alternatively you can have it inspected by a professional appraiser for the same thing. We're usually faster but it doesn't end up with a new lab report with a new date. Make it a requirement that it passes the inspection of your chosen expert before the deal is done. It's your call.

 

[Sparkle524]

Re: Would you buy a diamond with a certificate of 2 years ag

Diamonds aren't perishable so there's nothing inherently wrong with a stone that's been sitting around for a while. The issue is what has happend to it during that time. Maybe it's been sitting in the dealers safe and maybe it's been on someone's finger. Ask. 2 years is not a particularly long time in this business. It would be different if we were talking about tomatos. If you're concerned that there may be an issue, make as a requirement of the dealer that they send the stone back to the lab for a new inspection (there's a fee for this that varies from lab to lab but it's usually reasonable). They'll tell you if it's damaged or has been altered and will issue a new report with a new inspection date. Alternatively you can have it inspected by a professional appraiser for the same thing. We're usually faster but it doesn't end up with a new lab report with a new date. Make it a requirement that it passes the inspection of your chosen expert before the deal is done. It's your call.

Good advice!

 

[Snicklefritz]

Re: Would you buy a diamond with a certificate of 2 years ag

Yes

 

[Enerchi]

Re: Would you buy a diamond with a certificate of 2 years ag

I'd buy based on a 2 year old assessment but I agree with all Denverappraiser has written - what has happened to the diamond in the mean time? that's worth following up with the vendor.

 

[chel180]

Re: Would you buy a diamond with a certificate of 2 years ag

I would. A nice diamond is a nice diamond.

 

[aoslab]

Re: Would you buy a diamond with a certificate of 2 years ag

Thank you all for the advices. Appreciate it.
Checked with the jeweller, he told me that they have received the stone from the cutter recently.
He mentioned that the cutter probably has received the stone back from the lab sometime end Apr and needs time to find buyer (the jeweller) then consolidate with the other batches of stones to be shipped together. Hence the time lapse.

The jeweller is gona charge me abt $250 for sending the stone to AGS for re-certification (incl of shipping+insurance). Reasonable u think?

Will it be wise to put a deposit to hold this stone?

 

[denverappraiser]

Re: Would you buy a diamond with a certificate of 2 years ag

What's the size of the stone?

AGSL doesn't accept work directly from the public and the don't publicly publish a price list but I can tell you they are decently price competitive to GIA, who DOES publish a price list here:

http://www.gia.edu/lab-reports-services/fees_payment/lab_fees/Lab-Fee-Schedule-Diamond-US.pdf

Other than efficiencies on shipping and their own packing and handling charges, the cutter/jeweler doesn't get a savings for submitting several stones at once.

Again, 2 years isn't especially old in this business. Other than the date on the report, do you have a reason to suspect troubles or are you just being cautious? A professional appraisal will be cheaper and faster and may provide more information that's useful to you like photographs, condition evaluation on the mounting and craftsmanship evaluation.

 

[aoslab]

Re: Would you buy a diamond with a certificate of 2 years ag

Thanks denverappraiser, the link is helpful.

The stone is 1.161ct. At first I am more of being cautious, but now that i came to know the jeweller actually has a trade-in policy guess i may have a reason to suspect a potential trouble?

 

[rubybeth]

Re: Would you buy a diamond with a certificate of 2 years ag

Thanks denverappraiser, the link is helpful.

The stone is 1.161ct. At first I am more of being cautious, but now that i came to know the jeweller actually has a trade-in policy guess i may have a reason to suspect a potential trouble?

I don't understand why you would want to get an update certificate on a stone that has a 2 year old certificate. My certificate is probably 6 years old, since I've been wearing the diamond for the last 4 years, but that doesn't make my stone less valuable. What about the trade-in policy makes you suspec that you would have 'trouble'? Trade-in policies aren't uncommon (get it in writing!) and I don't see what that has to do with a 2 year old certificate.

 

[denverappraiser]

Re: Would you buy a diamond with a certificate of 2 years ag

Thanks denverappraiser, the link is helpful.

The stone is 1.161ct. At first I am more of being cautious, but now that i came to know the jeweller actually has a trade-in policy guess i may have a reason to suspect a potential trouble?

I agree with the above that the only physical problem with a previously loved diamond is the possibility of damage present and possibly with damage to the piece of paper itself and the jeweler is telling you and showing you that it isn't. This makes the question one of whether or not you believe them. The straightforward way tho check that is with an independent appraisal. Most dealers who take tradeins will 'recert' the stones for exactly this reason. They'll repair any damage that may be present and then there's no issue with the next client. Presumably they aren't doing this because they want to avoid the lab fees and/or the time (assuming it's a tradein at all). It may just have been sitting in someone's inventory unsold for whatever reason. If you're not comfortable with it, get it recerted, get it appraised, or simply pick another stone. It's all good. Given the pictures you posted, I think it's unlikely that there's a problem with the stone but YOUR comfort level is important.

 

[whatmeworry]

Re: Would you buy a diamond with a certificate of 2 years ag

I'm going to comment on the IS, ASET, and hearts photos. It's a little different because there is a bottom reflection that you don' t see in other vendor photos of the same type. I wonder what kind of setup they are using.

 

[aoslab]

Re: Would you buy a diamond with a certificate of 2 years ag

denverappraiser, thanks once again for your valuable input. I now have an idea what is my next step gonna be before I commit.

sorry whatmeworry, I can't help with the setup question apologies.

 

[Enerchi]

Re: Would you buy a diamond with a certificate of 2 years ag

Could it just not be that someone was 'trading up' on their own and this is the one stone they left for a larger one? That would make sense as to why 2 years had passed, wouldn't it?

Buying from someone with the trading policy also allows YOU to move up later as well. I would imagine once it has been assessed by AGS, if all is intact and well, get it! IT looks lovely!!!

 

[aoslab]

Re: Would you buy a diamond with a certificate of 2 years ag

Enerchi, we have reserved the stone with the option to do an appraisal. We also have the option to choose a new stone if there are any in the jeweller's coming stock. So while waiting we are in the process of researching to find a local independent appraiser of our choice.

A step closer to getting my "precious"...LOL

 

[Gypsy]

Re: Would you buy a diamond with a certificate of 2 years ag

I'd be fine with it and also don't see the point in paying for it to get a new lab report.

 

[aoslab]

Re: Would you buy a diamond with a certificate of 2 years ag

Thanks Gypsy

 

[Christina...]

Re: Would you buy a diamond with a certificate of 2 years ag

Enerchi, we have reserved the stone with the option to do an appraisal. We also have the option to choose a new stone if there are any in the jeweller's coming stock. So while waiting we are in the process of researching to find a local independent appraiser of our choice.

A step closer to getting my "precious"...LOL

Are you saying that if the stone doesn't meet your standards after the appraisal that you won't be able to get a full refund, but a credit for another stone in their inventory? I wouldn't be ok with that unless they currently had a number of stones that I was interested in or their inventory was adjusted very frequently. I'd insist on a full refund if this stone turns out to be damaged. I wouldn't want to tie myself to one vendor just because I wanted to further evaluate one of their diamonds.

 

[aoslab]

Re: Would you buy a diamond with a certificate of 2 years ag

thanks Chris for the note of concern, I understand where you are coming from, your point noted.