General Question

mrrich724's avatar

Does this deal on a diamond sound good?

Asked by mrrich724 (8537points) April 7th, 2010

A jeweler is offering me a princess cut, diamond solitaire in a platinum Tiffany setting for $1,700.

Here are the details:

1.01 carats
g/h color
SI-1 or SI-2 clarity

How does this sound?

Observing members: 0 Composing members: 0

15 Answers

coogan's avatar

I told you to sneak that blood diamond in the backdoor. That’s the best deal. When are you proposing?

barbiedoll's avatar

Sounds good. Iwould sure look at it first. I don’t mind minute feathers in a diamond but I don’t like carbon. The bigger the better.

mrrich724's avatar

@barbiedoll
I looked at a few diamonds, i didn’t see any carbon, or feathers. . . it seemed too good.

How much of a difference does it make if it is enhanced?

MRSHINYSHOES's avatar

That is a very good deal. Just make sure the stone doesn’t have the following—-
1. A cloudy appearance——some diamonds look cloudy or oily if they have too strong a fluorescence.
2. Make sure the stone has no cracks that have been “laser-filled” to hide the cracks.
3. Make sure the diamond is in fact a natural diamond and not something like “diamonelle”, a close imitation or even a synthetic diamond. There are “real” diamonds out there that are man-made now, and synthetics that come very close to being the real thing. To be sure it’s a natural stone, have the jeweler provide a certificate (a GIA certificate is the best) guaranteeing the stone’s authenticity and qualities. And a reputable jeweler always has a “money back guarantee”.
Platinum is even rarer than diamond, so indeed you are getting a great deal at that price. Platinum is very heavy, but it wears well and goes well with diamond.

mrrich724's avatar

@MRSHINYSHOES
thanks for all the good info. I like lists :)

It is a natural diamond, and she will provide a certificate. It is from a business in Beverly Hills which has been there for 35 years.

But does it being an enhanced diamond detract from the value? If so how much would you guess a good deal is?

dpworkin's avatar

“Deals” on any diamond other than an estate diamond in rose, or old mine, or some other old fashioned cut from before the days of the brilliant cut don’t exist. They are all just a commodity with an artificial floor. You either want it or you don’t, but don’t kid yourself into thinking you are getting a “deal”. You’re not.

mrrich724's avatar

@dpworkin I know all about the debeers family scam and i use the word “deal” lightly. i know that they dominate the supply to keep the prices high.

by deal, i mean compared to what the average/normal/expected cost should be.

MRSHINYSHOES's avatar

@mrrich724 As long as you know it is enhanced and they reveal it as such, and you are not bothered by that, it shouldn’t be a big problem. “Enhanced” usually means it has been heat-treated or laser-treated to get rid of a diamond’s natural “cloudiness” or hide cracks. Make sure if they are cracks, they won’t threaten the stone’s durability. Big cracks can be hidden with filler. Avoid that.
Compared to the market prices out there (and diamond pricing is pretty well controlled due to deBeers, etc, and the world market), the price you are getting is a very good price, especially for that size and color. Round brilliant cuts are usually more expensive than fancy cuts like your princess (because they are more in demand), so that’s another reason why your stone is priced so good. The main thing is, if what you see excites and pleases you, and you are aware of everything, then go for it. Diamonds are made for wearing and enjoying, and since you or your s/o will be wearing it for a long time, you must love the stone, first and foremost. Given a flawless, ideal cut stone that I might find so-so in looks, and a less than ideal stone that excites me, I would choose the latter.

mrrich724's avatar

Great. Thank you so much. @MRSHINYSHOES

Cheeseball451's avatar

Sounds like a good deal.

MRSHINYSHOES's avatar

@mrrich724 I bought my first diamond, a 1.03 ct. I color, S1 stone back in 1996, for $5000!! It was a round brilliant cut. So you can see the comparison with yours.

You’re welcome. Enjoy!
Btw, most natural rubies and sapphires are enhanced these days too, and almost all, if not all natural emeralds out there are enhanced with oil and other fillers.
I always say “it’s just improving on nature’s beauty.”

jazmina88's avatar

wow…congrats

barbiedoll's avatar

Does your s/o love it? I’m not sure I would like enhanced; but that’s me! I am also into natural fancy diamonds now, which mean colored diamonds. I also like unusual cuts like were mentioned above, such as rose, cushion, shield; but I dislike pear shapes. I have more marquise than anything because they look so big. I am not into “perfect” diamonds because it might as well be fake. If I see a tiny feather, most people cannot see it, and it does bring the price down. And no one can ever switch it because I would immediately know. I had a friend who had hers switched and she could not prove it. I like my diamonds BIG. No carbon (black marks) that are obvious. I would say that she needs to love it as long as you are fine with it. You want her to want to wear it no matter what. If she is not as specific and selective as me, no problem; but if she is, I would consult her completely.

My s-i-l wanted a diamond my brother loved. She had already told him what kind of design she wanted. He brought me with him and I tried to be as objective as possible so it was his decision. He loved the natural diamond canary. Needless to say, she was in love with it too.

Platinum is the most expensive, long-lasting setting. I prefer 18ct gold. I could talk about diamonds on and on. Best of luck and joy with it!!!

MRSHINYSHOES's avatar

Just a side-note——ALL diamond have flaws. Even those “extremely rare” “Flawless” diamonds found in high-end jewelery places. There is no such thing as a completely flawless diamond. When they talk about a diamond being flawless, they are saying that the stone shows no inclusions at “10 times magnification”. But if you take that same flawless stone and put it under 500 or 1000 times magnification, you will undoubtedly see inclusions of some sort, be it tiny cracks, other crystals, carbon, etc,. the same flaws you see in VS, SI, and I stones. So there is really no such thing as a perfect diamond. Only the marketing out there likes to advertise it as such.

Answer this question

Login

or

Join

to answer.

This question is in the General Section. Responses must be helpful and on-topic.

Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther