(Closed) Secondhand diamond and safe transaction?

posted 4 years ago in Rings
Post # 2
Member
10573 posts
Sugar Beekeeper
  • Wedding: December 2013

Whirlwind03:  well, definitely using PayPal for the transaction would keep things safe. You have to be careful with antique cut diamonds, make sure you ask the seller if this diamond has any chips as this is common with antique diamonds, find out everything you can. Make sure you save the emails just incase. Also once you receive the ring if you decide to go through with it, take it to an appraiser that knows their stuff on old cut diamonds to make sure the stone is in good condition. This way you will know what you bought and have a solid case if you would need to return this ring.

Post # 3
Member
209 posts
Helper bee
  • Wedding: September 2015

There are escrow companies that can assist with this if the seller is amenable. 

some me dealers may be willing to acquire the stone for you  and verify it, then you buy it from the dealer. This would be rare, though.

the only way you would be able to know what you are getting is to take the stone to an independent appraiser. You could request that the seller send it to an appraiser of your own choosing, have it appraised, and if it meets your standards, pay the seller who would then instruct the appraiser to ship the stone to you. I have done deals this way.

Post # 5
Member
5564 posts
Bee Keeper

1. get the return policy in writing from the private seller

2. use american express or paypal to pay for the transaction

3. request proof of a local independent certification/appraisal [of course you’ll do this again when you get it for the clean and check]

And if you have any problems, you immediately dispute the recorded TOS [terms of sale] as the seller being in default, and bam.. problem solved.

 

Most high ticket items like this though, *usually* come off without a hitch.

Post # 6
Member
209 posts
Helper bee
  • Wedding: September 2015

I think due to the fees involved you are unlikely to get a private seller willing to use PayPal. 

 

I think if you can get the seller to ship the stone to your appraiser and let you get it appraised with the information that it stays with the appraiser until the seller has been paid and releases the stone from the appraiser, that will be the best way to do this and assure both parties they’re not getting screwed.

Post # 7
Member
10573 posts
Sugar Beekeeper
  • Wedding: December 2013

You should post this on pricescope. Those guys are experts,  and would definitely be able to point you in the right direction as alot of them purchase estate jewelry from online auctions. 

Post # 8
Member
670 posts
Busy bee

If you’re going to purchase it/see it in person you can always purchase or borrow a diamond tester to make sure it’s the real thing. They kind of look like a pen and when you touch the tip to the diamond it gives you a reading.

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