bunnycat
Ideal_Rock
- Joined
- Jan 12, 2012
- Messages
- 2,671
Well...what you are going through right now underlines the reasons I don't deal with *most* brick and mortar stores anymore. (Not all, surely, but the majority I feel this way about). This is why I stick to reputable online vendors that have VERY clearly laid out policies. SoOOOO many people still buy expensive purchases like a diamond with an emotional "oooh-shiney" mentality (ka-ching there goes $10K) and doing little to no research and then we end up like here one day....
You are in a sticky situation and I think it is going to require quick thinking on your part, and some logical and financial soul searching as well.
Let me also explain a possible reason why this is becoming so difficult and also a possible pitfall for you.
The diamond you have is EGL, and was bought when they still sold EGL. Now they are being forced to buy it from you but they can't resell it as is (I'm guessing) unless they sell it on eBay. So, they'd have to have it recerted under GIA or whatever is acceptable now. ANd it will most likely not come back as the E whatever that EGL certed it as. (I recall one person on here had an EGL stone graded E, sent to GIA and it came back an I. This is why I am telling you to go look at properly graded stones, to see what colors are ACTUALLY acceptable to you, and not just the words on paper.)
Logically- I can think of a few scenarios.
1- You agree to buy the new diamond after negotiating a return period from them, in writing. I looked at their website. Use that as your guideline under returns. Then (I personally would go in person to negotiate your stone), if you can't get enough for your stone, return the diamond you bought.
2- To try and get full value for your stone could buy an Idealscope (they are NOT hard to use) and go IN PERSON to look at the stones in their inventory and use the Idealscope to find one that has decent light return and acceptable specs. This still leaves you beholden to them if you ever want to upgrade again. You'd have to deal with them again and possibly the same problems. But if you don't ever want to upgrade again then you'd be done for the cost of a plane ticket and $25 for the Idealscope.
3- Assess the logistics of how much you are being asked to spend ($12K or so) on a new stone, versus what they are likely to give you on your stone. Based on the things I said about EGL stones, and how they can't sell them, you should absolutely not expect anywhere near what you paid....For instance, and I'm just guessing, if they recert your stone, and find they can sell it for 6K at it's new cert level, then I would be surprised if you got offered 70% of that.
So, work through the logic of this scenario, since it involves moving away from working with them. If you were asked to spend 12K, and only got 4K (or so, there's no way to know without going through scenario 1 above) for your stone would it be better to spend that 8K elsewhere from a reputable vendor (the ones most used here on PS are Good Old Gold, High Performance Diamonds, Whiteflash, Brian Gavin, Blue Nile and James Allen), where there is a GOOD WRITTEN upgrade policy, and just start again? Then sell your old stone for what you can get on the secondary market?
Aside from having to start again to get where you want, and the financial burden it may create to do this, you would be out from under having to deal with this store again, could get involved with a vendor that has a GOOD upgrade policy (research the specifics of each vendor, they all differ a little). And if you go look at well cut stones in the real world, I am really pretty sure you will find you can tolerate a stone lower in color than a E IF....but you are going to have to put in the miles and the work to find out.
Sorry this is so lengthy, but you really have a lot to think about.
You are in a sticky situation and I think it is going to require quick thinking on your part, and some logical and financial soul searching as well.
Let me also explain a possible reason why this is becoming so difficult and also a possible pitfall for you.
The diamond you have is EGL, and was bought when they still sold EGL. Now they are being forced to buy it from you but they can't resell it as is (I'm guessing) unless they sell it on eBay. So, they'd have to have it recerted under GIA or whatever is acceptable now. ANd it will most likely not come back as the E whatever that EGL certed it as. (I recall one person on here had an EGL stone graded E, sent to GIA and it came back an I. This is why I am telling you to go look at properly graded stones, to see what colors are ACTUALLY acceptable to you, and not just the words on paper.)
Logically- I can think of a few scenarios.
1- You agree to buy the new diamond after negotiating a return period from them, in writing. I looked at their website. Use that as your guideline under returns. Then (I personally would go in person to negotiate your stone), if you can't get enough for your stone, return the diamond you bought.
2- To try and get full value for your stone could buy an Idealscope (they are NOT hard to use) and go IN PERSON to look at the stones in their inventory and use the Idealscope to find one that has decent light return and acceptable specs. This still leaves you beholden to them if you ever want to upgrade again. You'd have to deal with them again and possibly the same problems. But if you don't ever want to upgrade again then you'd be done for the cost of a plane ticket and $25 for the Idealscope.
3- Assess the logistics of how much you are being asked to spend ($12K or so) on a new stone, versus what they are likely to give you on your stone. Based on the things I said about EGL stones, and how they can't sell them, you should absolutely not expect anywhere near what you paid....For instance, and I'm just guessing, if they recert your stone, and find they can sell it for 6K at it's new cert level, then I would be surprised if you got offered 70% of that.
So, work through the logic of this scenario, since it involves moving away from working with them. If you were asked to spend 12K, and only got 4K (or so, there's no way to know without going through scenario 1 above) for your stone would it be better to spend that 8K elsewhere from a reputable vendor (the ones most used here on PS are Good Old Gold, High Performance Diamonds, Whiteflash, Brian Gavin, Blue Nile and James Allen), where there is a GOOD WRITTEN upgrade policy, and just start again? Then sell your old stone for what you can get on the secondary market?
Aside from having to start again to get where you want, and the financial burden it may create to do this, you would be out from under having to deal with this store again, could get involved with a vendor that has a GOOD upgrade policy (research the specifics of each vendor, they all differ a little). And if you go look at well cut stones in the real world, I am really pretty sure you will find you can tolerate a stone lower in color than a E IF....but you are going to have to put in the miles and the work to find out.
Sorry this is so lengthy, but you really have a lot to think about.