Post # 1
So i am looking for engagement ring. I have deposit down on a ringt that is 1.5 carat, color G, SI1, very good
When I picked the ring i was fairly uneducated on this topic or shall i say i am fairly more educated now.
However I still think my ring, as stated above, is decent stone. It is set in halo type setting, with .7 carats on the setting.
I have put down 2k on the ring and am picking it up next week for a total of just under 10k. I understand this may sound like a lot, I live in NYC, I have good job. Obviously saving 5k is a good idea, but I am looking at it as a once in a lifetime purchase to start my family, that will last literally the entire life of my family. I want it to be nice.
My questions are:
a. does it sound like a good price? to me after all the research, it seems like a good price.
b. if when i get there and see it set, i decide that i don’t like it, or its not the one. what is the process or propper manners for backing out of a deposit? or is it normal to ask to see something else?
any help is appreciated.
Post # 3
@Mike899: My ring is a 1.3 carat center stone colour G, SI1 and excellent cut, with 1.2 carats of VS1 stones in the shoulders (so 2.5 carats total) set in 14 k white gold. It was 5K so 10 seems steep to me for less carat weight and a smaller center stone, although you colour and clarity are good. Have you thought about having aa ring custom made? Often cheaper but find a good, reputable jeweller. Photo attached.
Post # 4
Can you give us a breakdown of the costs? My GIA-graded 1.27 marquise has the color and clarity of your round brilliant, but is an ideal cut. If, once you see the diamond under a loupe (or scope), you are not satisfied with it, you should have the option of ordering another loose stone, or they should refund the deposit. I don’t think you’re being taken advantage of; I know what my e-ring cost, and after extensive on-line research into the price of gold, the wholesale price of the stone, and the custom work that my jeweler had to do, he probably made about $1,000 profit.
Post # 5
It seems like a decent price but you definitely should check out the diamond in person with and without a loupe and in natural and inside lighting. Since it’s SI1 there could be some visible inclusions or carbon spots. If it were my ring I would probably go down a 0.25 carat and get the next clarity grade up, the size difference is very hard to tell once you’re over a carat, so 0.25 difference is hard to see. But that’s just me, I stare at my ring all the time so if it had a visible inclusion it would drive me crazy. But if the inclusions are well hidden, the ring sounds great (very good cut should sparkle a lot, I wouldn’t downgrade that). If you don’t like the stone you should be able to swap it out for something different, I would think any reputable jeweler would do so.