Diamonds....Just as a reminder....
Discussion
Rawwr said:
Chilli said:
Don't go into a nice high street shop and buy one....Get them online. For a much better stone, I paid over £3,000 less than the shop was asking for it. I expected a bit of a mark up, but that much is outrageous.
Should've put it towards a Desmo RR and you know it.BOR said:
which is why 99% of diamond vendors and countries are signed up to the Kimberly Process.http://www.dreamsofafrica.org
and
http://blog.brianthecutter.com/2009/01/dreams-of-a...
Chilli said:
Don't go into a nice high street shop and buy one....Get them online. For a much better stone, I paid over £3,000 less than the shop was asking for it. I expected a bit of a mark up, but that much is outrageous.
Out of interest, how do you know what you got and what the relative values/prices are/were? I wouldn't know a good diamond from a bad one unless someone pointed out the differences & I'd have no clue as to what the value of a cut stone might be.
Iain328 said:
Chilli said:
Don't go into a nice high street shop and buy one....Get them online. For a much better stone, I paid over £3,000 less than the shop was asking for it. I expected a bit of a mark up, but that much is outrageous.
Out of interest, how do you know what you got and what the relative values/prices are/were? I wouldn't know a good diamond from a bad one unless someone pointed out the differences & I'd have no clue as to what the value of a cut stone might be.
I did same 6mths ago, bought for around £2500 - valued £5-6k
Soir said:
Iain328 said:
Chilli said:
Don't go into a nice high street shop and buy one....Get them online. For a much better stone, I paid over £3,000 less than the shop was asking for it. I expected a bit of a mark up, but that much is outrageous.
Out of interest, how do you know what you got and what the relative values/prices are/were? I wouldn't know a good diamond from a bad one unless someone pointed out the differences & I'd have no clue as to what the value of a cut stone might be.
I did same 6mths ago, bought for around £2500 - valued £5-6k
the valuation is mainly for insurance purposes as replacement value should you wish to add it to your contents insurance, or take out a seperate insurance policy.
vauluations always seem to be much higher than anyone pays in the store.
On the second hand market, the value of stones is alot less, so its always worth looking for a store which has a buy back policy, or a trade in policy, where you can swap your diamond for another larger diamond at a later point using your stone in part exhange.
I dont know how prevalent they are in the UK, but the advise on getting valuations in the US is to use someone who is not a jewellery store, but just appraises jewellery - so he doesnt have an interest in convincing you your diamond is a dud, and you should really buy one from him.
vauluations always seem to be much higher than anyone pays in the store.
On the second hand market, the value of stones is alot less, so its always worth looking for a store which has a buy back policy, or a trade in policy, where you can swap your diamond for another larger diamond at a later point using your stone in part exhange.
I dont know how prevalent they are in the UK, but the advise on getting valuations in the US is to use someone who is not a jewellery store, but just appraises jewellery - so he doesnt have an interest in convincing you your diamond is a dud, and you should really buy one from him.
I am always amazed at people who are buying diamonds at huge discounts to their 'true' value. If anyone really can get me diamonds at less than their true value I will be very very surprised. I guess it is as L.S. say and what they are really talking about is an insurance appraisal of value, as I have yet to see consumer purchased polished submitted for buy-back achieve anything other than a price much lower than trade (and trade is much lower than retail)
For the record a lot of Blue Nile stock is actually held by dealers/manufacturers and is simply listed by BN, when sold the actual owner packs it up in the BN packaging and sends it to the purchaser. They do have very competitive prices, especially if you can avoid duties....
For the record a lot of Blue Nile stock is actually held by dealers/manufacturers and is simply listed by BN, when sold the actual owner packs it up in the BN packaging and sends it to the purchaser. They do have very competitive prices, especially if you can avoid duties....
The Moose said:
Not me, because I'm pretty sure Afghanistan doesn't have a great reputation for diamonds. 
Edited by Arese on Wednesday 4th February 18:18
AntwerpMan said:
They do have very competitive prices, especially if you can avoid duties....
Some diamonds when you look on the US and UK at the same diamond listing - some are listed at a better price in the uk than you'd pay buying from the US site and adding tax and VAT, but i think this more down to flutuationsin the exchange rate.But unless your buying from the signature collection (which are held inhouse) there is always the risk, as a poster on Pricescope (a diamond forum) found that between him selecting the stone and having it put on hold for him, and buying it, the stone was sold by another vendor listing the same diamonds on their site. Its a model used by alot of vendors, both online as well as high street. The diamonds in the windows of hatton gardens will be part of a sale or return deal with the wholesellers which have the diamonds listed on blue nile, quality diamonds or diamond geezer.
the price differences are down to how much margin the vendors think they can get away with.
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