Need Advice! Is this Diamond Purchase a Good Deal?

posted 3 years ago in Rings
Post # 3
Member
1905 posts
Buzzing bee
  • Wedding: December 2014

I feel like in this situation HE is getting a really great deal. 

Post # 4
Member
1021 posts
Bumble bee
  • Wedding: September 2014

@blushbliss:  Go to different websites and look at how much their loose diamonds are.  I know Jared’s has an inventory.  I like my store, Charleston Alexander (it’s local though), their prices were a few thousand less than Jared’s and Mervis.  

Post # 6
Member
1905 posts
Buzzing bee
  • Wedding: December 2014

@blushbliss:  First, I am definitely not SUPER educated on diamond prices. But if you paid 5400 for your diamond, and you’ll pay him 5000 for his, that’s basically 10400$ out of your pocket for a “secondhand” stone. I think you could find a better deal.

Have you checked out idonowidon’t.com ? if you don’t know, it’s a big website where people sell their settings or loose stones

I literally took one minute finding this, so specs aren’t perfect, but http://www.idonowidont.com/looseDiamonds/162-round

Post # 8
Member
11772 posts
Sugar Beekeeper
  • Wedding: May 2013

The thing with CL sellers is that they’re almost always willing to negotiate.

Was 5k and your stone his starting offer? I’d offer 4k back. Nothing too low, though, since he is switching diamonds in the ring setting for you.

Post # 10
Member
457 posts
Helper bee

@blushbliss:  I think you need to research what the price of typical diamonds with those specs are. Check out pricescope.com or jamesallen.com.  The diamond for sale is an SI2 which may not be “eye clean”.  I feel like you should not be offering up your current stone in exchange.. I would hope that YOU would be the one getting the deal..not worrying that he is.

Post # 11
Member
1779 posts
Buzzing bee
  • Wedding: August 1997

@blushbliss:  I would find out all the statistics/measurements on the diamond and also post your question on:http://www.pricescope.com/

If it’s a round diamond there is a tool called:Holloway cut advisor  http://www.pricescope.com/tools/hca which estimates a round diamonds appeal based on its potential Light Return, Fire, Scintillation and Spread.

Post # 14
Member
457 posts
Helper bee

@blushbliss:  gotcha.  I was trying to look up similar specs too…and it does seem like a fair price.. I guess now the only question is, can you get a better price for your own diamond?

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