Post # 1
So FI and I went to the jeweler today to look at my setting and see how the family diamond would fit into it. He switched the setting we originally had, and now I have a gorgeous rose gold setting to put the family heirloom in. So a little backstory on the diamond…
My great great grandfather bought my great great grandmother a diamond engagement ring in Germany while he was (according to my grandfather) a spy for the U.S. military just before World War 1. He claims that the diamond is a flawless colorless and almost half carat diamond, and absolutely gorgeous. It was passed down to my great grandmother, and she gifted it to my mother just before she passed away when my mom was a child. My grandmother offered to keep it safe for my mom, and had the setting melted down to make herself a new ring after my grandparents divorced. The jeweler supposedly lost the diamond. Everyone was FURIOUS because she lost this irreplacable family heirloom. The jeweler apparently replaced it with a diamond of equal quality and value, and that is the diamond that we have today. We’ve known absolutely nothing about it, and it’s been kept in my mom’s sock drawer for a very long time unset. The diamond was to be passed down to me since I’m the oldest daughter, and my mom offered it to FI and I to use in my engagement ring. We knew nothing about it other than it looked round and sparkly, so we were very very excited to see what the jeweler had to say. Turns out the diamond is an old mine cut, .319 carat stone. It needs to be cleaned pretty badly, but he tentatively said he didn’t see any inclusions, and it looked to be fairly colorless. He didn’t say anything for sure though since the diamond is obviously pretty dirty after sitting for that long. I’m so excited to finally know something!
So, long story short, does anyone have any idea what an old mine cut .319 carat stone is worth? Thanks!
Post # 3
@Mrs_Hammer: Usually older cut diamonds are not as brillant, as they were not cut with a machine, so precision was likely off (which is why despite how dirty it was, the jeweler could tell what type of cut it was). Typically they are not worth more. Sometimes they can be worth less. It really depends on how well they shine. Since they are cut by hand, it depends on the skill of who cut it! Hopefully you end up with a beautifully cut one- some handcut diamonds are to die for! It is said, that a properly cut stone could throw a rainbow, big enough to fill a ballroom!
* Should be mentioned that the age of a diamond usually doesn’t matter, as all diamonds are technically 1-3 billion years old… It is the way that they are cut that matters. And anyone can still produce handcut a diamond today
Post # 4
Thats a great backstory and family history to the diamond, but unless there is a paper trail/documents and evidence its just a story to anyone who would have an interest in buying it.
A half carat omc would fetch under a thousand dollars, the stone alone. Im guessing.
PS.. rose gold and old cuts = drool!! 🙂
Post # 5
Agreed that age doesn’t mean a lot with diamonds, and older cuts are commonly not as highly valued as newer (although they are trendy right now, so they are at least about equal in value instead of less). Provenance can matter, but without a setting it is unlikely anyone can confirm where it was originally from. It is the family history that matters and should matter to you. Financial value will not be exceptionally high and may even be slightly less on a colourless, flawless diamond with an OEC (that cut does extraordinarily well with warmer stones).
Post # 6
I have bought a good amount of antique diamonds to tell you that usually color and clarity doesn’t make a huge difference as long as its eyeclean and structurally sound from the inclusions. What seems to be more important is the specific pattern, since every antique looks different. If its truly in the colorless or near colorless range, it can demand a slightly higher fee. It’s NOT true that people want lower colors in antiques so a colorless would cost more. Antiques face up whiter than modern cuts so people are willing to go lower in the color scale. It doesn’t mean it’s actually more desirable or worth more to be in the lower ranges.
For a diamond in that carat range, I’d say you can probably sell it for $150-300.
Just wear it and enjoy its family history. Don’t stress about its monetary worth.
Post # 7
you’d have to get it appraised to know, but as a PP mentioned, currently older cuts are a trend, which will increase its monetary value right now, and people always need them to replace missing diamonds in vintage pieces. The cut quality, color and inclusions will be factors in the value (as with any other diamond shape, more colorless, inclusion-free and well-cut will be worth more).
Post # 8
I just wanted to clarify that a colourless and inclusion free stone is ALWAYS worth more. However, those were the stones that – in the past – were commonly recut into a modern RB before old cuts became popular again. To many people, an OEC doesn’t showcase the quality of such a stone in the same way a modern cut does, so with the exception of those seeking an older cut (still a minority), the fact that such a high quality stone has an older cut style is a deterrent to many buyers.
But I am assuming that you are not seeking to sell the stone anyway.
Post # 9
Thanks for the responses! My mom was wondering about the value purely out curiosity. I would never sell it! I love the history, it’s absolutely gorgeous, and I can’t wait to wear it 🙂