Unusual job on the bench today
Discussion
CardShark said:
I think they've pretty much torpedo'd themselves, plenty of miffed users out there.
I've been using imgur for a short while, no issues with it on either laptop or mobile.
Just looked again and it's come down to $399 a year. Not so bad as a business expense. I've been using imgur for a short while, no issues with it on either laptop or mobile.
In other news, I worked on my first £million diamond last month.
ecain63 said:
Costs circa £750 a day depending on the work being carried out and where it's being kept when not on the bench. Aim is to achieve a quick turnaround
That's £750 on top of our standard £130k cover policy. Items of such value are always to be covered on top of existing cover unless the customer supplies their own. Miocene said:
Presumably you have no choice but to price something like that into the job?
Even if you're just doing a quick repair that must quickly up the price. Of course, if you can afford a million pound diamond... but still...
Of course. No way would I be covering the cost of that. Very, very few jewellers would touch a stone of that value for this reason. Bit like owning a maclaren p1. Very few garages will touch it due to insurance and technical skills. Those that can will obviously be charging a premium based on insurance price on that car and the risks / skills involved in working on it Even if you're just doing a quick repair that must quickly up the price. Of course, if you can afford a million pound diamond... but still...
Edited by ecain63 on Saturday 15th July 07:12
Craikeybaby said:
Is it an exceptional diamond? Or are prices such that what was a £700,000 diamond 3 years ago (for example) is now a £1m diamond?
F VVS2. Square emerald cut. Pretty exceptional for the size. A stone of that cut and size demands excellent properties. We saw an 10ct N VS2 in a standard round brilliant for £339k + vat at trade. Retail will be near £600k if the shop has the balls to sell it. battered said:
Wow. How many £1M diamonds are there in the world at any given time? I imagine that they are in demand by people wanting to leave countries, never to return, but who want to trade in a big shiny rock on a large flat in Knightsbridge.
The supply is trickle fed to keep values up. There are plenty out there but aside from the museum pieces, investment pieces and government stashes you don't see too many in the public eye. Those who have them tend to keep them quiet. Customers are like ghosts and more often than not you're dealing with an agency rather than a person. ecain63 said:
GT03ROB said:
Thank god the wife has not been in & seen that!
Ha! We can get another if needs be 
Fortunately she's been distracted by other things recently! So jewelry buying has disappeared off the agenda!
By the way do you mend watch straps? I've got a couple of TAGs that need looking at & I'm back in a few weeks so could drop them in.
GT03ROB said:
Fortunately she's been distracted by other things recently! So jewelry buying has disappeared off the agenda!
By the way do you mend watch straps? I've got a couple of TAGs that need looking at & I'm back in a few weeks so could drop them in.
longshot said:
What makes a £million diamond a £million diamond?
Is it it's size or clarity etc or a bit of everything?
How big would it be and what would you do with it?
I assume it wouldn't be for a ring because of it's size.
It's value is in its availability and it's rarity. Big stones are far fewer than small stones. Huge stones are far fewer than big stones. That's obvious but I'll say it anyway. Is it it's size or clarity etc or a bit of everything?
How big would it be and what would you do with it?
I assume it wouldn't be for a ring because of it's size.
Also, milestone diamonds gain value in a way that in-between sizes dont. 0.25ct, 0.5ct, 0.75ct, 1.0ct, 1.5ct, 2ct, 3ct etc all make huge percentage jumps in value over the stones that are a point lower ie. 0.24, 0.49 etc.
This 10ct is in a ring mount. It's hugely over the top if you consider it in the world at ground level. That said, in the circles that the stone will be seen it's just another thing to hang out with the rest of the assets. I can only assume that this ring looks fantastic on the person wearing it because they'll have everything else needed to carry it off. Having played with it I can say wholeheartedly that it's very impressive and not at all cheap or tacky looking. But that's because stones that size have to have such high levels of quality. Nobody would buy them otherwise.
Do I think it justifies a £1m value? No. Do I think that you should have to spend £1m to own it? Yes, because if it wasn't a diamond on that someone's finger then it'd need to be a £1m something else.
So, a few bits we've made this month:
Shaped wedding band for a return customer who had their engagement ring made by me:
A stunning natural Ruby and diamond ring:
And this awesome pendent that we put the stones into. 2.06ct centre and 3.0ct around. All F VS2 so it's a very nice piece.
Shaped wedding band for a return customer who had their engagement ring made by me:
A stunning natural Ruby and diamond ring:
And this awesome pendent that we put the stones into. 2.06ct centre and 3.0ct around. All F VS2 so it's a very nice piece.
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