Proteus
Shiny_Rock
- Joined
- Jul 25, 2008
- Messages
- 127
Date: 8/17/2008 8:30:15 PM
Author: elmo
Tony, on the recut you''re talking about, the loss was about 30%. For $15-20K/carat starting material like extra-fine unheated ruby, that''s pretty hard to recoup if the original stone wasn''t downright ugly. I think at some point the material itself becomes worth more than the value-add of precision cutting, as long as the result is reasonably attractive.
Eh, it''s still debatable. How many $15-$20k/ct rubies are there out there which are precision cut? Probably few enough to fit in a teaspoon, if there''s any at all. That factor, as I said before, will make it far more valuable (at least in some people''s eyes.)
Will making it unique make it worth 30% more? It''s hard to say. But, an ideally cut diamond can trade for twice what a poorly cut diamond trades for (but of course, diamonds are a different gem.) Why are red and pink diamonds so expensive? Because only a handfull of them are mined every year, and people like to pay for that exclusive quality. Have you ever looked at auction prices for "unique" gems such as kashmir sapphire and fine, large burma rubies? The prices people pay are downright obscene. Sometimes over $100,000/ct for a ruby, and 30-40k/carat for the kashmirs. I''m sure those prices would be even much more obscene if it was for a precision cut gem, but that''s just my opinion.