Diamond advise

[SlackBladder]

Looking at buying a diamond and having it set separately. If I were to buy something like this:-

http://www.b2cjewels.com/dd-3544684-0.75-carat-Mar...


How do things like duty, vat etc work? Also, is this a good price?

Cheers

Simon

[Turn7]

Mrs T says its a good price, but has no idea on vat etc.

[SlackBladder]

Turn7 said:

Mrs T says its a good price, but has no idea on vat etc.

Thanks Mrs T

[Turn7]

SlackBladder said:

Turn7 said:

Mrs T says its a good price, but has no idea on vat etc.

Thanks Mrs T

No worries - shes trade and pj gem dip or something......

I think Nightmare is the man on here for diamonds tho - have you asked him ?

[Variomatic]

VAT and duty are payable on the total price (including shipping and insurance. VAT is the standard 20% and duty is dependant on what the goods are.

For loose diamonds the current rate is 0.0%, so only VAT to pay.

Taking the basic price and assuming $50 for insured shipping, that gives a landed price of £2425.54. Bear in mind that's using current exchange rate and a guess on the shipping price.

You may also get a handling charge from the courier (Post Office currently charges £8 iirc) as an admin fee for clearing customs for you.

[DoubleSix]

My advice is that coming here for advice is advisable but having received said advice you would be well advised to cross reference against other sources.

[ecain63]

Prices are comparable to uk trade values. As Im a diamond buyer I can say that with commitment.

Edited by ecain63 on Saturday 28th February 21:34

[SlackBladder]

ecain63 said:

Prices are comparable to uk trade values. As I diamond buyer I can say that with commitment.

Having no idea on what the mark up would be in your trade, would you say I would save money sourcing a stone this way or for a small premium it would be advisable to look for a UK dealer.

[ecain63]

Depends how reliable you want them to be regarding possible issues. Easy to return or alter specs if the dealer is in the uk. Pain in the bum if you have a problem and you have to send a stone back to America. I can give you a price Monday if you want?

[ecain63]

The other option is to buy an uncertified stone with the same grade. Couple of hundred quid cheaper but you have to trust the dealer that the stone is as quoted. I sell a lot this way and have the stone / ring independently valued, which gives the same info for less total cost.

[SlackBladder]

ecain63 said:

Depends how reliable you want them to be regarding possible issues. Easy to return or alter specs if the dealer is in the uk. Pain in the bum if you have a problem and you have to send a stone back to America. I can give you a price Monday if you want?

That would be great, thanks.

[ecain63]

We found that exact diamond in the register. My advice: buy it. Its priced at buyers market value so there is no profit for anyone other than you. Nearest I could get was 50% higher due to dollar and vat.

[SlackBladder]

ecain63 said:

We found that exact diamond in the register. My advice: buy it. Its priced at buyers market value so there is no profit for anyone other than you. Nearest I could get was 50% higher due to dollar and vat.

Taken your expert advise and ordered it, thanks!


Now to start thinking about a mount.

[ali_kat]

SlackBladder said:

Now to start thinking about a mount.

Eddie can help with that too

[ecain63]

ali_kat said:

SlackBladder said:

Now to start thinking about a mount.

Eddie can help with that too

Yes, that I can certainly help with!

[SlackBladder]

ecain63 said:

ali_kat said:

SlackBladder said:

Now to start thinking about a mount.

Eddie can help with that too

Yes, that I can certainly help with!

Sorry Eddie, I've been a complete numpty. I've read and enjoyed your threads on here but didn't associate your advise on my thread with yours. I'll definitely be in touch once the stone arrives, thanks once again for your advise

[ecain63]

SlackBladder said:

ecain63 said:

ali_kat said:

SlackBladder said:

Now to start thinking about a mount.

Eddie can help with that too

Yes, that I can certainly help with!

Sorry Eddie, I've been a complete numpty. I've read and enjoyed your threads on here but didn't associate your advise on my thread with yours. I'll definitely be in touch once the stone arrives, thanks once again for your advise

Ha! No worries mate, and of course no obligation. Be a pleasure to help though.

[halfpenny43]

Another "thumbs up" for Eddie - just finished a top job for me.

[ecain63]

halfpenny43 said:

Another "thumbs up" for Eddie - just finished a top job for me.

Gald you are happy mate.

[gvij]

If one buys something like an IF stone of this type are they good investments historically? Have trade prices increased over the years a little/lot etc or not at all? Also if sold to a dealer used loose do they charge vat ie reduce amount they pay you if you've paid vat?