How to bargain for a diamond…

posted 3 years ago in Rings
Post # 3
Member
932 posts
Busy bee
  • Wedding: October 2013

don’t be afraid to go second hand, pawnshops and estate sales, estate dealers on Etsy

Post # 4
Member
764 posts
Busy bee
  • Wedding: January 2014

You should be paying for the center stone alone with the 6.5K not the setting and stone. I personally think that is asking too much. I mean if you go with a low color you may be able to do that, but I doubt it. 

Post # 5
Member
164 posts
Blushing bee

Online retailers are becoming more common with people getting comfortable with the idea of shopping online, and the fact that online prices are usually much lower than retail. From what I’ve read from threads on Pricescope, they used to have a pretty good price match policy, where they would match online stores. I’m not sure whether that still applies, but it’s worth asking about. You can use the Pricescope diamond search here: http://www.pricescope.com/

If you’re barganing for anything, I always make sure I know (or sometimes make it appear that I know) what I’m talking about confidently. Say if you show them a GIA certed 1.3ct H VS2, and they counter with an EGL certed 1.3 H VS2 for the same price. You can counter with a lower offer, since it’s widely known that EGL grading is usually softer than GIA’s grading.

Make sure to do your homework, and show the store your confident and won’t be pushed around. Best of luck!

 

Post # 7
Member
764 posts
Busy bee
  • Wedding: January 2014

glitz91:  Well I was thinking 1.5ct. 

Post # 9
Member
764 posts
Busy bee
  • Wedding: January 2014

glitz91:  Also typically settings are twice the cost it took to make. so that would mean the ring would be at least $1400. With taht said you can’t exspect them to give you a setting at their cost. People still have to make money you know. So yes it could come down a bit, but I just wouldn’t think all the way to $1400. So just keep that in mind. 🙂 Also know that a non certed stone will be a little cheaper. You can easily have it evaluated and make sure it is at the standards you want a stone to be and get a better price. 

Post # 11
Member
764 posts
Busy bee
  • Wedding: January 2014

glitz91:  On your question if stones are cheaper because that shape is not sold much is kinda true. But companies prices on diamonds are usually determined by Rapaport. This tells everyone how much a stone should cost. So fancy cuts that are not sold often are already set at a lower price than rounds. 

Post # 12
Member
89 posts
Worker bee
  • Wedding: October 2014

I think the scenario you set up sounds reasonable. Especially wiring the money or offering to pay with a cashier’s check so they don’t need to pay the fees if he uses a debit or credit card. I am not sure about exact price but the argument he sets forth sounds reasonable to me (if said politely). 

Post # 13
Member
764 posts
Busy bee
  • Wedding: January 2014

glitz91:  I am sorry if it seems like I am not helping you bargain for a diamond. But I think knowing some of the facts in the diamond world can help you figure out a good price to ask. Paying in cash does help a little, and good job for being smart and researching things to get the best price you can get. 🙂

Post # 15
Member
2782 posts
Sugar bee
  • Wedding: November 2013

glitz91:  The place we got my GIA diamond has the best prices around in terms of diamonds- I looked A LOT. A pear with your desired specs is anywhere between 9-16K.  Trying to bargain does hurt….I just ran to this site and got pricing because I know this site is lower than anywhere I’ve seen, so I was trying to make a comparison.  They’re either going to go for your offer or not….and if you say you’re willing to walk, just be prepared to walk I guess!

 

When I keep the same specs and change to marquis, the prices drastically go down.  So don’t expect the get the same deal I suppose.

  • This reply was modified 2 years, 8 months ago by  .
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