Diamonds?
Author
Discussion

GSP

Original Poster:

1,965 posts

235 months

Wednesday 23rd November 2011
quotequote all
I have a bit of a random question, and we don't have a jewelery forum.

If you were in a country where stuff could be bought very cheaply such as diamonds, sapphires etc.

What are the implications of bringing them home?

Also I'm no expert although I have been doing quite a bit of research, but can the stone testers be trusted?

The place in questions has a good reputation, I have spoken to people that have purchased stuff, taken them home and had them verified, then gone back for more.

As an example a stone could be bought for £300 that would be worth £1k+ in the UK.

Any pointers would be appreciated.

neilsfishing

3,502 posts

229 months

Wednesday 23rd November 2011
quotequote all
GSP said:
I have a bit of a random question, and we don't have a jewelery forum.

If you were in a country where stuff could be bought very cheaply such as diamonds, sapphires etc.

What are the implications of bringing them home?

Also I'm no expert although I have been doing quite a bit of research, but can the stone testers be trusted?

The place in questions has a good reputation, I have spoken to people that have purchased stuff, taken them home and had them verified, then gone back for more.

As an example a stone could be bought for £300 that would be worth £1k+ in the UK.

Any pointers would be appreciated.
eat it then poo on tisue (sorry just come from the lounge)

turboslam

77 posts

219 months

Wednesday 23rd November 2011
quotequote all
hi the import implications on loose stones are 20% vat on jewellery its 20% vat +2.5% duty as for the electronic testers forget it they cant tell the difference between the real natural stones and synthetic ones with the same chemical composition .only expearience can do that .as for bringing it back and doubling and treabling your money im afraid due to the terible exchange rates for the £ to most far eastern counrties those days are long gone (take the thai baht which is nearly double compared to 3-4 years ago )

turboslam

77 posts

219 months

Wednesday 23rd November 2011
quotequote all
unfotunatly these people who come to get them valued at home get them valued for insurance the valuer normally charges a percentage for this so its in their interest for it to be valued as much as poss but then when they take it to the same shop to sell its a compleatly different story

jshell

12,107 posts

236 months

Wednesday 23rd November 2011
quotequote all
GSP said:
I have a bit of a random question, and we don't have a jewelery forum.

If you were in a country where stuff could be bought very cheaply such as diamonds, sapphires etc.

What are the implications of bringing them home?

Also I'm no expert although I have been doing quite a bit of research, but can the stone testers be trusted?

The place in questions has a good reputation, I have spoken to people that have purchased stuff, taken them home and had them verified, then gone back for more.

As an example a stone could be bought for £300 that would be worth £1k+ in the UK.

Any pointers would be appreciated.
If it's from sub-Sahara Africa you'll lose your money.

turboslam

77 posts

219 months

Wednesday 23rd November 2011
quotequote all
yeh and definatly if from africa dont fall for the "my brother has gold mine he has 400kg of gold to sell we are coming to you because you have a trust worthy face and belive we can trust you we are your freinds we will call you my brother we want no payment up front you only pay after you recieve the 400kg of gold but we have small problem and have to bribe an official .but dont worry this is not illigal and is common practice here we are all freinds .oh and i nearly forgot when you have sent me money to pay official could you send money to the customs to clear the duty due on the gold .then after this you will recieve 400kg of gold that you can sell and return us 80% of the price you recieve you keep 20% .as you can see you cant lose and this will make you rich to the tune of £35000000 " all in a nigerian accent what could go wrong

GSP

Original Poster:

1,965 posts

235 months

Thursday 24th November 2011
quotequote all
It's Sri Lanka, the bloke has some nice 1ct 'diamonds' I was going to buy 1 to be made into a ring for my partner, and then a couple of small ones because they are cheap.

I wouldnt be able to tell the difference between a stone from the ground and a chemist made factory stone so I think I'll stop throwing caution to the wind and pass up on his offer.

jshell

12,107 posts

236 months

Thursday 24th November 2011
quotequote all
GSP said:
I think I'll stop throwing caution to the wind and pass up on his offer.
Seriously: thumbup

turboslam

77 posts

219 months

Thursday 24th November 2011
quotequote all
how much were the asking