Diamond "Upgrade"

[ga]

I have a 2.01 carat princess cut diamond/H/VS2/Good Polish and Symmetry/EGL certified...Paid $18K.
I am looking at a 3.27 round/J/SI2/Excellent Polish and VG Symmetry/Ideal Cut?/AGA Certified... $26, 216) = $16Kinvestment (this is a different jeweler than where I purchased my princess...very reputable in our area)
The jeweler that I purchased the princess cut is giving me full price to trade in (he has a 3.17 I/SI2/Good Polish/VG Symmetry/Good Cut?/EGL Certified... $27,780)= $9K investment.
The jeweler with the 3.27 will take my princess cut as a trade for $10K.
The sparkle/brilliance of the 3.27 is far superior than the 3.17. I can see the inclusions on the 3.17 as well (2 lines...looks like the stone is scratched).
I have decided against the 3.17.

Is $16K considered a worth "investment" in view of what I am being oferred for my trade in and the diamond itself????

 

[neatfreak]

What do you mean by "investment"? For fiscal purposes? Or for enjoyment? Because a diamond is NEVER a sound fiscal investment (unless we are talking something like the Hope Diamond!)...so if it's the former, then a big NO.

 

[GossamerAngel]

If it were me, I would stay with the original jeweler who would give me full trade-in on my original diamond, BUT not settle for an inferior stone. Can''t he call in a few more 3+ct princess stones for you to inspect that are hopefully nicer than the one you have already decided against?

As to the "investment" issue - I agree 110% with the previous poster - never ever ever buy a diamond and rationalize the purchase in any way that it is an "investment". Unless you are buying a true rare jewel from someplace like Harry Winston or an auction house like Christie''s or Sotheby''s, your diamond is not an investment, because it can be all but guaranteed that you will not be able to liquidate it for more money than you paid for it. That is the true definition of an investment.

 

[CharmyPoo]

I agree to trade it in for the full value and make the vendor call in more stones for you. It isn''t worth it to lose out on the money.

 

[coatimundi_org]

Date: 1/11/2009 11:41:34 AM
Author: CharmyPoo
I agree to trade it in for the full value and make the vendor call in more stones for you. It isn''t worth it to lose out on the money.

Yup--I''d have him call in more stones with specific cut parameters.

 

[ga]

Thanks for the advice... went back and spoke with my jeweler... Willing to look for a cleaner stone. No promises made, though. They feel they can find me an SI1... Will be likely spending $4k more (plus 9K). (13 vs 17K investment). No promises about finding me a better cut. Add 5K more if I want an upgrade on the color.
I will sleep on it... Not sure that anyone conveyed if the diamond I was comparing it to is a good purchase (="good quality" being an ideal cut/AGS certified).
... in terms of the "investment". I just hope I am putting my money somewehere where it will not "lose" value. Will likely become an heirloom than an asset that can be $$$$$ (liquefied... spell ck!!!).

 

[LaurenThePartier]

Date: 1/11/2009 8:37:18 PM
Author: ga
Thanks for the advice... went back and spoke with my jeweler... Willing to look for a cleaner stone. No promises made, though. They feel they can find me an SI1... Will be likely spending $4k more (plus 9K). (13 vs 17K investment). No promises about finding me a better cut. Add 5K more if I want an upgrade on the color.
I will sleep on it... Not sure that anyone conveyed if the diamond I was comparing it to is a good purchase (=''good quality'' being an ideal cut/AGS certified).
... in terms of the ''investment''. I just hope I am putting my money somewehere where it will not ''lose'' value. Will likely become an heirloom than an asset that can be $$$$$ (liquefied... spell ck!!!).

You should realistically approach every diamond purchase with the intent that it will only become a family heirloom and bring enjoyment to those who wear it, because on the secondary market, diamonds depreciate faster than Alfa Romeos did in the US, and you will likely never get what you paid.

 

[EricaR]

Date: 1/11/2009 8:54:48 PM
Author: LaurenThePartier

Date: 1/11/2009 8:37:18 PM
Author: ga
Thanks for the advice... went back and spoke with my jeweler... Willing to look for a cleaner stone. No promises made, though. They feel they can find me an SI1... Will be likely spending $4k more (plus 9K). (13 vs 17K investment). No promises about finding me a better cut. Add 5K more if I want an upgrade on the color.
I will sleep on it... Not sure that anyone conveyed if the diamond I was comparing it to is a good purchase (=''good quality'' being an ideal cut/AGS certified).
... in terms of the ''investment''. I just hope I am putting my money somewehere where it will not ''lose'' value. Will likely become an heirloom than an asset that can be $$$$$ (liquefied... spell ck!!!).

You should realistically approach every diamond purchase with the intent that it will only become a family heirloom and bring enjoyment to those who wear it, because on the secondary market, diamonds depreciate faster than Alfa Romeos did in the US, and you will likely never get what you paid.

Ditto ditto ditto!!! Lauren speaks wisely!

 

[marcy]

Date: 1/11/2009 1:01:59 PM
Author: coatimundi

Date: 1/11/2009 11:41:34 AM
Author: CharmyPoo
I agree to trade it in for the full value and make the vendor call in more stones for you. It isn''t worth it to lose out on the money.

Yup--I''d have him call in more stones with specific cut parameters.

Me too. Have fun shopping.