Good Deal? (Square Emerald)

[w00d45]

Hi, I have a friend of a friend who is a wholesaler and is giving me what seems to be a really good deal but I wanted a second opinion.

Here are the details:

Square Emerald Cut
G
SI1 (Inclusions are in places that they can't be seen so more like VS2 or VS1)
Polish - Excellent
Symmetry - Good
Fluorescence - None
Depth - 68%
Table - 72% (this concerns me slightly)
Dimensions - 6.02 x 6.07 x 4.02

This stone has the dimensions of a 1.25 - 1.3 carat diamond which I believe makes it more valuable. What price would you expect to pay for a stone like this one?

Thanks!

 

[kenny]

What is the weight?
What lab graded the stone?
If anyone other than GIA or AGS graded that stone I would not believe the grades, and I would not buy the stone.

Unless you don't care what it looks like, selecting square emerald cut diamonds, aka asscher, requires ASET pics, Idealscope pics properly taken.
There are 3 to 5 rows of facets on the pavilion and the angles they are placed at can make or break the appearance and light performance.

FWIW you can go to www.bluenile.com and look up the prices for diamonds with similar specs.

I have read again and again that buying diamonds from friends or family members in the business is a bad idea.

You have not mentioned cut.
Quality of cut is the single most important characteristic that determines how beautifully a diamond performs with light - not color, not clarity.
A well-cut asscher has more contrast and scintillation and a powerful hall of mirrors effect that cannot be captured on still photos or video since it results from seeing a slowly moving asscher with two eyes.
Well-cut asschers are rare and require a hunt.
I've bought 2 fantastically-cut asschers from www.goodoldgold.com and I strongly recommend them.

 

[denverappraiser]

This stone has the dimensions of a 1.25 - 1.3 carat diamond which I believe makes it more valuable.

More valuable than what?

A significant percentage of the jewelers out there call themselves 'wholesalers' but I point out that this is fundamentally a false statement. If they're willing to sell to YOU, and you aren't a dealer, they're a retailer, at least for this transaction. Whether or not they sell to other dealers under other circumstance, and how a good a deal they are offering those folks, is at best acacemically interesting and at worse seriously misleading. The key question is whether or not they're giving YOU a good deal on this particular offer. Maybe they are and maybe they aren't but we don't have enough info to answer either way. If you think you're close, consider having it appraised by someone who is working for YOU and who can actually see the stone instead of just the lab report.