For Sale Ideal 4.76 Center Stone Engagement Ring, E color/ VS1

[Gemma10]

Hi Everyone.

This is my beautiful engagement ring, I am not in any need to sell however I was thinking of upgrading to a larger stone (Which are harder to find) thought I would see if there is any interest prior to embarking on my search for a larger stone. The band and the prongs also have diamonds. This a lab diamond, I am so in love I do not think I can go back to any other kind, it is flawless.

I have the diamond certificate, it is hard to take pictures with the right focus but I can upload more, these are ones my jeweler sent to me.

Here is the link to the listing.
<a href="http://loupetroop.com/listings/bands/4-dot-76-ideal-e-vs1-lab-engagement-ring">4.76 Ideal, E, VS1 Lab engagement ring on Loupe Troop</a>

Let me know what you think!

Thank you and love this forum, also please let me know of any suggestions of other places I could post this listing that are better suited as I am not very experienced in diamond sales as for this posting, I hope it is in the right place.

 

[Bron357]

Lovely lovely ring.
upgrading from this beauty won’t be easy!
Dust for a sale.

 

[yssie]

I remember your thread in the MMD forum.

I remember one popular PS vendor arguing quite vehemently that consumers should disregard market volatility when considering MMD purchases. He also ignored my questions regarding his own upgrade and trade in policies for the MMDs he markets. I was wholly unimpressed with his sales tactics and demand for consumer martyrdom.

Since you purchased this stone only a year or so ago, yet apparently are stuck doing the work of (and taking a loss in) selling it yourself in order to upgrade, I can only presume that your vendor does not stand by his product and does not believe in the longevity of market for his product. At least - not to sufficient extent to provide the upgrade, trade-in, and buy-back policies that we PSers have come to enjoy from boutiques specializing in mined stones. That’s very unfortunate.

I will be honest: I strongly caution any PSer considering this stone or any like it against investing this kind of money into a lab diamond until the market for MMDs has reached some sort of steady state, and future worth is somewhat predictable.

 

[Gemma10]

Actually, my vendor does stand by their product and is giving me my purchase price toward an upgrade

there is no need to jump to any conclusions, I wanted to post my ring and I did.... large stones are hard to find, so if anyone was looking for this size I had one available as I wait for my Jeweller to find a larger one for myself.

I appreciate your post, I love my ring and I honestly have had zero regret outside of going bigger, my post is not as passionate as yours, but in the spirit of positivity I used this forum in its correct way not in any way to bash anyone, provide any type of false marketing or have my opinions seem better than others
On that note, I really do not have much of a response... everyone should do what’s best for for them without the need to have some have their opinion come across as this aggressive

thank you

 

[lissyflo]

As your vendor is willing to credit your original purchase price against an upgrade, then I’d advise taking that option rather than selling (presumably at a loss) as preloved.

You’d be safer all round: no stress re: the logistics of exchanging a valuable stone for correct payment with an unknown third party; no quibbles about product description being wrong and the purchaser wanting a refund; no worries about an inspection period (I’d want one for a 35k purchase) and how you ensure you get the same stone returned to you if the potential purchaser returns it without purchase after inspection; and no loss that one would usually expect on a pre-loved sale. That’s assuming you want to upgrade to something sold by your old vendor of course.

Your concern for others wanting a large lab stone is admirable, but it’s not like the stone would disappear into the ether if part-exchanged back to your vendor for upgrade. I’m sure it would reappear back onto the market through them. No need for you to take a loss to help others when you can use its full original purchase price yourself to upgrade.

 

[Roselina]

I’d recommend to trade it for an upgrade with the original vendor then. I know nothing of lab diamonds and am not familiar with prices but I assume it would be difficult to sell a lab diamond for such a price as a private seller (I’ve seen earth mined diamonds in the 4 to 4.5 ct range going for less at auctions... if one is patient and lucky enough and at the right place at the right moment). Good luck!

 

[yssie]

Actually, my vendor does stand by their product and is giving me my purchase price toward an upgrade

This is 100% the route to take. Ditto everything Lissyflo said. In addition, upgrade etc. policies are almost always not transferable, so someone else wanting a large MMD would be much better off buying directly from your vendor in order to also be eligible for those policies. Vendor policies like this are the only protection that consumers have in an unpredictable market that they have no control over.

Be sure to get policy details on purchase of your new stone in writing prior to purchase if that information is not publicly published.

I do want to address one comment directly - aggression was not my intent, but I do want to throw several large “beware” flags up here. That’s because I want other consumers to understand that the diamond MMD market for nontrivial specimens is about as predictable as shaking a Magic 8–ball right now. I lurk in the PS MMD forum and it feels like an isolated echo chamber at times, downplaying risks of tying large amounts of money up in an objectively uncertain market; it appalls me that certain vendors who are beloved on PS would have consumers retain these false impressions.

If you are considering purchase of an expensive MMD (whatever “expensive” may mean to you), get all protective policies in writing prior to sale. However, also realize that those policies are useful only if the product you end up with has commensurate free market value in future; a truly “safe” MMD purchase would be one that can be upgraded or traded in for a mined diamond down the line if desired. Not because “mined is better”, but because the market for mined is much, much more stable, and has remained so even as MMDs gain popularity.

 

[princessk]

Hi Everyone.

This is my beautiful engagement ring, I am not in any need to sell however I was thinking of upgrading to a larger stone (Which are harder to find) thought I would see if there is any interest prior to embarking on my search for a larger stone. The band and the prongs also have diamonds. This a lab diamond, I am so in love I do not think I can go back to any other kind, it is flawless.

I have the diamond certificate, it is hard to take pictures with the right focus but I can upload more, these are ones my jeweler sent to me.

Here is the link to the listing.
<a href="http://loupetroop.com/listings/bands/4-dot-76-ideal-e-vs1-lab-engagement-ring">4.76 Ideal, E, VS1 Lab engagement ring on Loupe Troop</a>

Let me know what you think!

Thank you and love this forum, also please let me know of any suggestions of other places I could post this listing that are better suited as I am not very experienced in diamond sales as for this posting, I hope it is in the right place.

Just wondering if you ended up doing the upgrade?

 

[Dancing Fire]

Actually, my vendor does stand by their product and is giving me my purchase price toward an upgrade

Then do it!!!, That would be your best bet!.

TBH, The odds of you selling this MMD ring for any where close to $35k are slim and none.

 

[hmr_mama]

I just want to point out a fact for potential buyers. If you're in the market for a mined diamond in this size and clarity, they go for around $145,000. You could always invest the $110,000 and with a 6% (conservative) return, you could make $33,000 in 5 years.

The idea that the MMD market can't and won't be manipulated like the mined diamond market seems a bit short sighted. Supply, demand and all of that.

The diamonds that most of us are buying aren't investments. They're like houses. You'll only see your "return" or "lack of return" when you sell them off. Not a lot of PSers selling off whole collections, and never at a profit.

OP, I can't wait to see your upgrade!

 

[Gemma10]

Just wondering if you ended up doing the upgrade?

Hi everyone
I have not yet been able to upgrade, supply/demand! There are not many larger diamonds available and the ones that are, are priced higher due to lack of supply, patiently waiting, the suppliers aren’t willing to budge on the price....

this is current update, I am happy with my ring but due to pandemic our wedding got postponed so I thought this would be a great time for upgrade before our pictures...... but my Jeweller is watching....

i want the same specs just larger so it’s tough one...

thank you!

 

[Gemma10]

I just want to point out a fact for potential buyers. If you're in the market for a mined diamond in this size and clarity, they go for around $145,000. You could always invest the $110,000 and with a 6% (conservative) return, you could make $33,000 in 5 years.

The idea that the MMD market can't and won't be manipulated like the mined diamond market seems a bit short sighted. Supply, demand and all of that.

The diamonds that most of us are buying aren't investments. They're like houses. You'll only see your "return" or "lack of return" when you sell them off. Not a lot of PSers selling off whole collections, and never at a profit.

OP, I can't wait to see your upgrade!

This is exactly the issue I am having... I am informed and willing and able to upgrade to 6.5+\- carat however there is no inventory, not because they can’t be made, however the suppliers we have spoken to know if they are able to get their hands on these larger stones they rather wait to get a higher return on investment so they are not dropping their prices which have really Increased since when I purchased my stone, with my specs are going way higher

Disclaimer—-again before anyone decides to argue the value and lab diamonds and their worth, I am strictly talking facts if you were to look at rarecarat, clean origin, James Allen, etc.....