Engagement ring help.

Engagement ring help.

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ecain63

10,588 posts

174 months

Saturday 24th October 2020
quotequote all
Lord Marylebone said:
2 GKC said:
Did you get out of the wrong side of the bed? ??
ecain has got a point though.

If someone has posted a wholly unrealistic price for a ring, as someone in the industry I would expect him to say so.
By calling it out, he will prevent others from thinking that kind of price is normal and wasting their time trying to unsuccessfully seek out a smilier item at a similar price.
My email inbox gets a lot of these requests. "I've seen on the internet that I should be paying £X......"

The time wasted is almost always my spare time / family time as my working day is more than filled with actual jobs. So, you can see why bizarre claims would bug me.

Greendubber

13,129 posts

202 months

Saturday 24th October 2020
quotequote all
Lord Marylebone said:
2 GKC said:
Did you get out of the wrong side of the bed? ??
ecain has got a point though.

If someone has posted a wholly unrealistic price for a ring, as someone in the industry I would expect him to say so.
By calling it out, he will prevent others from thinking that kind of price is normal and wasting their time trying to unsuccessfully seek out a smilier item at a similar price.
The message of my post was that the ring posted from the website looked expensive for what it was and that speaking to a workshop in the JQ might be a good idea due to paying less than you would in a shop. I gave a comparison for what I paid from a friend who made one for me.


Knickers appear to have been unnecessarily twisted over it.

ecain63

10,588 posts

174 months

Saturday 24th October 2020
quotequote all
Greendubber said:
Lord Marylebone said:
2 GKC said:
Did you get out of the wrong side of the bed? ??
ecain has got a point though.

If someone has posted a wholly unrealistic price for a ring, as someone in the industry I would expect him to say so.
By calling it out, he will prevent others from thinking that kind of price is normal and wasting their time trying to unsuccessfully seek out a smilier item at a similar price.
The message of my post was that the ring posted from the website looked expensive for what it was and that speaking to a workshop in the JQ might be a good idea due to paying less than you would in a shop. I gave a comparison for what I paid from a friend who made one for me.


Knickers appear to have been unnecessarily twisted over it.
And our point is that you've said it's overpriced based on your own purchase...... which is totally unobtainable outside auction or pawn shop prices. And, we still don't know what your cert says about the stone.

Jewellery quarter items won't be any cheaper in reality than those in a good independent workshop elsewhere in the country. The same thing goes with Hatton Garden and the Lanes of Brighton. They are just names on a map and spookily the materials sold in Manchester, Plymouth, Edinburgh etc come from the same places that the suppliers in London and Birmingham buy from. Diamonds don't get mined in London, Gold doesn't get dug out the fields of Brum. They are only a hub for supplies and workshops nationwide can and do buy at the same rates.

To the OP: If you are looking at £2400 for a 0.70ct diamond with the specs you listed, you're doing ok. RRP should be well over £3000, possibly £4000 in some bigger chains. My point still stands however.... go and look at some stones in the flesh. Diamonds are all different and there are subtle differences between identically graded stones. You'll know when you see the right stone smile

Greendubber

13,129 posts

202 months

Saturday 24th October 2020
quotequote all
ecain63 said:
Greendubber said:
Lord Marylebone said:
2 GKC said:
Did you get out of the wrong side of the bed? ??
ecain has got a point though.

If someone has posted a wholly unrealistic price for a ring, as someone in the industry I would expect him to say so.
By calling it out, he will prevent others from thinking that kind of price is normal and wasting their time trying to unsuccessfully seek out a smilier item at a similar price.
The message of my post was that the ring posted from the website looked expensive for what it was and that speaking to a workshop in the JQ might be a good idea due to paying less than you would in a shop. I gave a comparison for what I paid from a friend who made one for me.


Knickers appear to have been unnecessarily twisted over it.
And our point is that you've said it's overpriced based on your own purchase...... which is totally unobtainable outside auction or pawn shop prices. And, we still don't know what your cert says about the stone.

Jewellery quarter items won't be any cheaper in reality than those in a good independent workshop elsewhere in the country. The same thing goes with Hatton Garden and the Lanes of Brighton. They are just names on a map and spookily the materials sold in Manchester, Plymouth, Edinburgh etc come from the same places that the suppliers in London and Birmingham buy from. Diamonds don't get mined in London, Gold doesn't get dug out the fields of Brum. They are only a hub for supplies and workshops nationwide can and do buy at the same rates.

To the OP: If you are looking at £2400 for a 0.70ct diamond with the specs you listed, you're doing ok. RRP should be well over £3000, possibly £4000 in some bigger chains. My point still stands however.... go and look at some stones in the flesh. Diamonds are all different and there are subtle differences between identically graded stones. You'll know when you see the right stone smile
The point being speak to workshop and not a retail store...... I said JQ as it's where I know. I'm aware there is a world outside the midlands but not knowing where the OP is I thought I'd suggest it.


bristolbaron

4,756 posts

211 months

Saturday 24th October 2020
quotequote all
From my position £2400 is not expensive for the ring OP posted. At best a ‘workshop’ in the quarter/Hatton garden/anywhere else might get to the same price, but will not beat it significantly. The advantage of course, is being able to see the stone in person.

phope

510 posts

139 months

Saturday 24th October 2020
quotequote all
Interesting topic smile

General question about certification of diamonds for the experts -I'm just away to get an updated value for insurance purposes (last one was five years ago)

Wife's platinum engagement ring was bought from Tiffany in New York back in 2007, and of course we paid over the odds at the time in the spur of the moment. The certificate is from "Tiffany Gemological Laboratory" rather than GIA or AGS

0.82 carat, VS2, H - full specs as shown

Is there any tangible difference between how the different bodies would appraise the same stone? Is it just down to the individual assessing it to make a subjective judgment as to which category it falls into?



Edited by phope on Saturday 24th October 14:49

2 GKC

1,884 posts

104 months

Saturday 24th October 2020
quotequote all
I had cause to sell a Tiffany engagement ring once. Diamond was internally flawless, colour about G I think. and about half a carat. Cost me c £3.5k. Local auction house said I’d be lucky to get £500 for it. Flogged it on eBay in the end for about £1k

ecain63

10,588 posts

174 months

Saturday 24th October 2020
quotequote all
phope said:
Interesting topic smile

General question about certification of diamonds for the experts -I'm just away to get an updated value for insurance purposes (last one was five years ago)

Wife's platinum engagement ring was bought from Tiffany in New York back in 2007, and of course we paid over the odds at the time in the spur of the moment. The certificate is from "Tiffany Gemological Laboratory" rather than GIA or AGS

0.82 carat, VS2, H - full specs as shown

Is there any tangible difference between how the different bodies would appraise the same stone? Is it just down to the individual assessing it to make a subjective judgment as to which category it falls into?



Edited by phope on Saturday 24th October 14:49
It'll be still be valued for insurance at its replacement cost. So, it'll be toppy and in line with the current sticker price at T&Co.


ruggedscotty

5,606 posts

208 months

Saturday 24th October 2020
quotequote all


they do some nice engagement jewllery for guys these days

anonymous-user

53 months

Sunday 25th October 2020
quotequote all
ruggedscotty said:


they do some nice engagement jewllery for guys these days
If that is how you view it, may I politely suggest you never get married.

The Moose

22,821 posts

208 months

Sunday 25th October 2020
quotequote all
phope said:
Is there any tangible difference between how the different bodies would appraise the same stone? Is it just down to the individual assessing it to make a subjective judgment as to which category it falls into?
A salesman at Tiffany told me their grading is more strict that others so a G color on their scale would be an F on the other scales. I remember thinking that it sounded like she was spinning me a yarn at the time, especially as she couldn't tell me what Tiffany D stones would be graded by GIA or similar.

anonymous-user

53 months

Sunday 25th October 2020
quotequote all
The Moose said:
phope said:
Is there any tangible difference between how the different bodies would appraise the same stone? Is it just down to the individual assessing it to make a subjective judgment as to which category it falls into?
A salesman at Tiffany told me their grading is more strict that others so a G color on their scale would be an F on the other scales. I remember thinking that it sounded like she was spinning me a yarn at the time, especially as she couldn't tell me what Tiffany D stones would be graded by GIA or similar.
I've read several articles written by people in the diamond business that stated that Tiffany grading is slightly stricter than GIA grading. The reason given for this is that 30 years ago Tiffany decided that GIA grading was a little too lenient, and Tiffany only wanted the finest stones for their jewellery to protect their reputation.


anonymous-user

53 months

Sunday 25th October 2020
quotequote all
Diamond rings seem to have gone up a bit since I got engaged in 2004.

Is it just inflation or have diamonds got more expensive?

ecain63

10,588 posts

174 months

Sunday 25th October 2020
quotequote all
El stovey said:
Diamond rings seem to have gone up a bit since I got engaged in 2004.

Is it just inflation or have diamonds got more expensive?
Currency changes, inflation, market manipulation by investors etc. Yup, it's all got expensive.

Also, finance is cheap now so suppliers know they can charge what they want because people can get the money on tick.

ruggedscotty

5,606 posts

208 months

Sunday 25th October 2020
quotequote all
Lord Marylebone said:
ruggedscotty said:


they do some nice engagement jewllery for guys these days
If that is how you view it, may I politely suggest you never get married.
view it ? Ive viewed some of the threads on here and I dont think that Im alone. once that ring is on... and you have walked down the isle...

but then thats just the realist speaking, it may be you are indeed lucky and find someone unique lol


as you were.

RSTurboPaul

10,219 posts

257 months

Monday 26th October 2020
quotequote all
ecain63 said:
El stovey said:
Diamond rings seem to have gone up a bit since I got engaged in 2004.

Is it just inflation or have diamonds got more expensive?
Currency changes, inflation, market manipulation by investors etc. Yup, it's all got expensive.

Also, finance is cheap now so suppliers know they can charge what they want because people can get the money on tick.
A lot depends on the weight and the shape of the diamond - e.g.:

https://www.pricescope.com/diamond-prices/diamond-...



and the metal being used:

https://www.gold.co.uk/platinum-price/20year/ounce...





Edited by RSTurboPaul on Monday 26th October 10:51

PeteinSQ

2,332 posts

209 months

Monday 28th December 2020
quotequote all
I’m pretty sure the diamond shop is where we got my wife’s engagement ring and also our wedding rings made 13 years ago.

They have a place on Hatton Garden and you can actually make each other’s wedding rings there. We didn’t do that as I’m rubbish at that sort of thing.

They were really good when it came to choosing the diamond though. He literally got a box full of diamonds out, talked us through the ins and outs of diamonds and didn’t necessarily try to push us towards the very best diamond money can buy. It was all in a very good experience.

I’ve no idea if they still do engagement rings on the premises but we were very happy customers.

QuartzDad

2,230 posts

121 months

Sunday 8th August 2021
quotequote all
Bumping as this thread seems to be pretty relevant.

Took my wife's engagement ring to be valued for insurance purposes this week and found out one of the diamonds has "a big chunk" missing, to say she is gutted is an understatement.

The ring was made in '91 by a family friend in the US and according to the original invoice the diamond in question is exceedingly brilliant, princess cut, SI1, colour I, 0.4 carat.

The jeweller has said it'll take them a couple of weeks to come up with an estimate to replace and fit something similar - just wondered if anyone could give a ballpark figure we're looking at?

And if we go down the insurance claim route, do insurers (Aviva in this case) let you buy back the original stone as salvage? And again, any ideas roughly what we'd be looking at? She's keen to retain the original for sentimental reasons and maybe get it set in a pendant or something.

Thanks.

Ninjin

1,174 posts

74 months

Sunday 8th August 2021
quotequote all
The specs on your damaged stone are nothing special. In todays market, a wholesale price for a rock of that spec wil be a few hundred (£300-500).

Now what the jeweller charges to replace with labour is a different matter.



Edited by Ninjin on Sunday 8th August 16:40


Edited by Ninjin on Sunday 8th August 16:42

Fermit

12,787 posts

99 months

Sunday 8th August 2021
quotequote all
Sheetmaself said:
Oh and the site i have been looking at is thediamondsfactory if anyone has any views of them that would be great.



I used them, and they were fantastic value. The ring is gorgeous, not dissimilar to the one you show, but a colourless diamond. £2000ish IIRC. It gets admiring glances regularly.
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