pawn store diamond advice...2.55 round brilliant j/k is1/is2

[sushi]

Hi Psers,

So i have a question. There is an online pawn shop here in Asia, and there is a diamond ring for sale. It is a really ugly diamond, but I cant work out if it is a good idea for to me buy and sell on, either on ebay or such etc.

It is appraised by a local jeweller, but it doesnt have a gia certificate etc. Im a complete novice at diamonds so I dont know if that is ok or not.

It is a 2.55 round brilliant cut diamond, 18 carat gold, J-K colour, and IS1-IS2. I think I can get it for about $160usd, maybe 200 at a push. To me it sounds really cheap, but im not sure if anyone would want it! Its appraised at $6775.

It looks very cloudy and included to me, so I cant imagine I would want to wear it, even though it is massive. But if I did buy it, does anyone have any suggestions as to what i could do to it to make it wearable and not hideous!

What do you experts think? Is it a good or bad idea?

Thank you!

x sushi x

 

[MyDiamondSparkles]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

Okay so it's not the prettiest diamond, but it sure has a great price.

You know I was looking the other day for some kind of something that would make a not so pretty diamond look nice, or at leats nicer...I mean like in a ring or a pendant. I was actually;looking for ideas on pricescope...what I saw, was a ring (I think it was pink stone, probably not a diamond) and it had some kind of platinum trellis over the top of the diamond. It was a great idea for a not so pretty diamond. Anyone remember this thread/ post?

Although I think this diamond maybe would look better with this idea for a pendant and not a ring.

I will see if I can find a link to that post--of the trellis ring...OKay I found it: here: www.23rdstreetjewelers.com/aCatItem.aspx

If that link doesn't take you to the right product, go to "Rings" and "Pink", and I htink it is the second one at the top.

MyDiamondSparkles

 

[RockHugger]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

That diamond would prolly go for 4-500 on eBay. So at 150, you could double your money.

 

[sushi]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

Hi My Diamond Sparkles,

thats not a bad idea actually... It would be interesting to see a photo of it! So do you think its worth it?

What would be the maximum you think I should pay for it? Im not sure if i want but, but its cheap and big and i think I was a magpie in my last life!

sushi x

 

[sushi]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

That diamond would prolly go for 4-500 on eBay. So at 150, you could double your money.

Thanks Rockhugger, would I still be able to sell it even with just a shop appraisal? What about the 18k gold mount, any idea what that would be worth?

Thank you so much!

x sushi

 

[MyDiamondSparkles]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

I think it's a fun idea....BUT you have to factor in how much that setting will cost you. And I really do think it would look better as a necklace...I said pendant, but I meant necklace.

Plus too, with that kind of calirity it surley has some cracking or issues likes that. Seems to me it would be "safer" used as a necklace instead of a ring.

And of course you can always facotr in how much you will get for the setting if you use the diamond only.

MyDiamondSparkles

 

[sushi]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

I will see if I can find a link to that post--of the trellis ring...OKay I found it: here: www.23rdstreetjewelers.com/aCatItem.aspx

If that link doesn't take you to the right product, go to "Rings" and "Pink", and I htink it is the second one at the top.

MyDiamondSparkles

Ahh here it is, thank you! I think that is really pretty! Well if i do buy it, and i think this might work, then I think it is a really nice idea, thank you.

 

[sushi]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

Okay so it's not the prettiest diamond, but it sure has a great price.

You know I was looking the other day for some kind of something that would make a not so pretty diamond look nice, or at leats nicer...I mean like in a ring or a pendant. I was actually;looking for ideas on pricescope...what I saw, was a ring (I think it was pink stone, probably not a diamond) and it had some kind of platinum trellis over the top of the diamond. It was a great idea for a not so pretty diamond. Anyone remember this thread/ post?

Although I think this diamond maybe would look better with this idea for a pendant and not a ring.

I will see if I can find a link to that post--of the trellis ring...OKay I found it: here: www.23rdstreetjewelers.com/aCatItem.aspx

If that link doesn't take you to the right product, go to "Rings" and "Pink", and I htink it is the second one at the top.

MyDiamondSparkles

 

[RockHugger]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

That diamond would prolly go for 4-500 on eBay. So at 150, you could double your money.

Thanks Rockhugger, would I still be able to sell it even with just a shop appraisal? What about the 18k gold mount, any idea what that would be worth?

Thank you so much!

x sushi

You could sell it for that much even without the appraisal. Maybe more, but I wouldn't anticipate more then 400 when trying to buy it. If it goes for more then it's just extra profit.

18k gold goes for bucks on eBay, and will only help drive the price up. But be sure to describe the stone correctly as an I 3, so you do t end up with a return or neg. Feedback.

In all honesty, I wouldn't spend more money on that stone with fancy settings. It's an I3, and dressing it up is kinda like putting lipstick on a pig. But that's just my opinion.

 

[sushi]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

You could sell it for that much even without the appraisal. Maybe more, but I wouldn't anticipate more then 400 when trying to buy it. If it goes for more then it's just extra profit.

18k gold goes for bucks on eBay, and will only help drive the price up. But be sure to describe the stone correctly as an I 3, so you do t end up with a return or neg. Feedback.

In all honesty, I wouldn't spend more money on that stone with fancy settings. It's an I3, and dressing it up is kinda like putting lipstick on a pig. But that's just my opinion.

Ha ha lipstick on a pig, I hope thats not what people think when I go out! Fair point, It really does look ugly, so Im sure i wouldnt wear it, but by the sounds of things I can make a couple of hundred dollars, so why not?! I want to get a pair of pear studs, so I suppose it goes towards the fund!

Thanks for the advice saying it is a I3, I dont suppose you can comment on the colour, or is that too hard to tell online? Also how much would be your maximum, and would you bother?!

thank you so much.

x sushi

 

[MyDiamondSparkles]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

Oops! Sorry, I thought you were keeping it and going to wear it yourself....lol. Ya, if you are going to turn around and sell it, then yep, I would do it like RH says and it's as is.

 

[sushi]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

before i drive you all mad, I do have another question. If I look at online stores such as blue nile, I see the price of this kind of thing set quite high, but I totally trust you when you say 400usd approx. So where do I look to see how much I should be paying on ebay etc? Im looking also at buying pear pieces to break up into studs.

How much should I be paying for a .75,good cut pear, g colour vs2? Or can you point me to the place where I can look and compare things in the future?

Thank you!! Ill be quiet after this

x sushi x

 

[RockHugger]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

I would set it at auction for 100 more then you paid....
Say you pay 160, I would start bidding at 260. That way you make money even if it only gets one bid.

In all honestly, I wouldn't buy it for more then 200.00 because that would be about the value of the setting. The diamond as an i3 isn't worth much, but there are a lot of eBay people out there looking for cheap big diamonds no matter what the clarity. The lighting they are using makes color very hard to tell in photos. It looks like a bright led type light. It doesn't look more then a k for what I can see.

You may get more then 400, or you may not. eBay is an interesting animal and it depends on who's on looking that day. Also,end your auction at 8pm central time on Saturday. That is the busiest time when people will be on and bidding.

As for buying on ebay, be very careful. Lots of sharks. I would look under the used diamonds because that's where your best deals are, and make sure there is a return policy. It may take a while to match up two paires, but you can get a great deal. Also look under used engagement jewelry, because you can always strip the diamond out and sell the gold. If you are buying a used diamond use blue Nile as a base price...then take thaat price and cut it in half. That's the max you should pay on a used center stone. If it has gold and small diamonds with the main stone, add 10%.


That's what I have always done and it has worked out well .

 

[Sizzle]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

Okay so it's not the prettiest diamond, but it sure has a great price.

You know I was looking the other day for some kind of something that would make a not so pretty diamond look nice, or at leats nicer...I mean like in a ring or a pendant. I was actually;looking for ideas on pricescope...what I saw, was a ring (I think it was pink stone, probably not a diamond) and it had some kind of platinum trellis over the top of the diamond. It was a great idea for a not so pretty diamond. Anyone remember this thread/ post?

Although I think this diamond maybe would look better with this idea for a pendant and not a ring.

I will see if I can find a link to that post--of the trellis ring...OKay I found it: here: www.23rdstreetjewelers.com/aCatItem.aspx

If that link doesn't take you to the right product, go to "Rings" and "Pink", and I htink it is the second one at the top.

MyDiamondSparkles

I'm IN LOVE with this ring! It's stunning!

 

[sushi]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

I would set it at auction for 100 more then you paid....
Say you pay 160, I would start bidding at 260. That way you make money even if it only gets one bid.

In all honestly, I wouldn't buy it for more then 200.00 because that would be about the value of the setting. The diamond as an i3 isn't worth much, but there are a lot of eBay people out there looking for cheap big diamonds no matter what the clarity. The lighting they are using makes color very hard to tell in photos. It looks like a bright led type light. It doesn't look more then a k for what I can see.

You may get more then 400, or you may not. eBay is an interesting animal and it depends on who's on looking that day. Also,end your auction at 8pm central time on Saturday. That is the busiest time when people will be on and bidding.

As for buying on ebay, be very careful. Lots of sharks. I would look under the used diamonds because that's where your best deals are, and make sure there is a return policy. It may take a while to match up two paires, but you can get a great deal. Also look under used engagement jewelry, because you can always strip the diamond out and sell the gold. If you are buying a used diamond use blue Nile as a base price...then take thaat price and cut it in half. That's the max you should pay on a used center stone. If it has gold and small diamonds with the main stone, add 10%.


That's what I have always done and it has worked out well .

Wow that's amazing advice! Thank you so much, I'll let u know how I get on. I'm not entirely sure if I can be bothered to buy a dud diamond to resell just to make a hundred bucks... But I have done much less intelligent things!

Thank you again x

 

[MyDiamondSparkles]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

You know, I think you "could" very likely get more than $400 for this ring. Photos are everything and I think it depends on what kind of photos you have. Maybe it's got some hidden sparkle to it and you can capture that on camera.

I mean, Mr. Magoo buyer would say this ring is eye clean...and uneducated consumers will go for the size. JMHO.

I can't wait to hear how it turns out....

MyDiamondSparkles

 

[Dreamer_D]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

That is really ugly. I think if you want to buy a stone for a low price, try a gemstone that at least has a nice color going for it. What is the point of a diamonds that looks like frozen spit?

As for reselling on ebay, do we have any proof stones like that sell for more? Proof as in actual proof of sales, not listings. The listing prices are meaningless IMO. You need to know if the stones are selling and the actual sales prices.

 

[slg47]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

That is really ugly. I think if you want to buy a stone for a low price, try a gemstone that at least has a nice color going for it. What is the point of a diamonds that looks like frozen spit?

As for reselling on ebay, do we have any proof stones like that sell for more? Proof as in actual proof of sales, not listings. The listing prices are meaningless IMO. You need to know if the stones are selling and the actual sales prices.

yeah, if it doesn't sell you are still out $200 AND stuck with the frozen spit

 

[sushi]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

Mmm well I also think it is rather vile, so I'll probably not bother. I might make them a super low offer for fun, just as an eBay experiment...

X

 

[Hera]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

yeah, I wouldn't buy it because the profit isn't that great *if* you get what you are asking for. You can search ebay under completed listings to see what items have actually sold for. I don't think it's worth the hassle.

 

[MarkBroumand]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

That is really ugly. I think if you want to buy a stone for a low price, try a gemstone that at least has a nice color going for it. What is the point of a diamonds that looks like frozen spit?

OMG Dreamer I had just taken a sip of my coffee when I began reading your post and I seriously almost spit it all out because I laughed so hard!!!!!!!! tooo funny. thanks for that. ok sorry back to the post...

 

[risingsun]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

Let me understand this. You want to buy a frozen spit diamond and turn around and sell it on eBay to some hapless person who knows nothing about diamonds? Very nice. The only thing that would benefit that ugly stone is a burial at sea

ETA: Please don't desecrate that 23rd St Jewelers beauty with such a pitiful stone

 

[denverappraiser]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

Hi Psers,

So i have a question. There is an online pawn shop here in Asia, and there is a diamond ring for sale. It is a really ugly diamond, but I cant work out if it is a good idea for to me buy and sell on, either on ebay or such etc.

It is appraised by a local jeweller, but it doesnt have a gia certificate etc. Im a complete novice at diamonds so I dont know if that is ok or not.

It is a 2.55 round brilliant cut diamond, 18 carat gold, J-K colour, and IS1-IS2. I think I can get it for about $160usd, maybe 200 at a push. To me it sounds really cheap, but im not sure if anyone would want it! Its appraised at $6775.

It looks very cloudy and included to me, so I cant imagine I would want to wear it, even though it is massive. But if I did buy it, does anyone have any suggestions as to what i could do to it to make it wearable and not hideous!

What do you experts think? Is it a good or bad idea?

Thank you!

x sushi x

You seem to be putting a fair amount of confidence in the grading of this local jeweler. They seem to be using a peculiar grading system but on the GIA scale that would be I3 simply because there is no grade below that. We know nothing about the metal but the bulk of the value of that piece is going to be in the gold ring, assuming that it's actually gold. Given the odd grading scale being used and the obviously ficticious 'value' conclusion, I would be inclined to question the entire contents of that report. For example, why do you believe this to be a diamond at all?

Is it worth $150? Maybe. 14k right now is going for about $30/gram so it doesn't take much to get there.

 

[yssie]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

The only thing that would benefit that ugly stone is a burial at sea

ETA: Please don't desecrate that 23rd St Jewelers beauty with such a pitiful stone

yeah, pretty much my reaction.


ETA: here's an idea though - for some reason, I think a pair of those would make a fantastic and bizarre pair of cufflinks, if you ever wear cufflinks

 

[MyDiamondSparkles]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

Let me understand this. You want to buy a frozen spit diamond and turn around and sell it on eBay to some hapless person who knows nothing about diamonds? Very nice. The only thing that would benefit that ugly stone is a burial at sea

ETA: Please don't desecrate that 23rd St Jewelers beauty with such a pitiful stone

Okay, seriously, this makes it out like she wants to dishonestly sell a diamond to some unsuspecting someone. Get real. She would be possibly selling a diamond for $400 and disclosing it's inlcusions and color. Any buyer in their right mind would know there were 4 c issues with the diamond. PLUS, this could be someone's dream diamond...the right size and the right price, because that is how much of a budget the have. That's why there are diamonds in all price ranges...one for everyone's budget no matter how large or how small that budget that might be. Beauty is in the eye of the beholder...and I'm not saying that I think this diamond is beautiful...but my budget is larger than some.

And in fact I've seen quite a few "frozen spit diamonds" in mall jelwery stores and they were a heck of a lot more than $400.

And wouldn't it be something to see that 23rd Street overlay on top of that diamond in a necklace. I wonder what such a quality piece could do for a diamond of a different budget. A "Beauty And The Beast" kind of thing. I would not have a problem wearing it at all...heck I might even start a fashion trend for frozen spit diamonds..then there would be a "rush" for everyone to get one of their own, because it was the new trend....and the prices woudl soar....lol. I mean seriosuly see an entire business made out of ugly duckling diamonds. Remember that lady who adopted the dog whose tongue hung out of his mouth sideways because he was hit by a train? She made a multi-million dollar business out of it--sells calandars and all kind of stuff. She'd probably be the first customer in line for an ugly duckling diamond.

MyDiamondSparkles
Future Owner of the Ugly Duckling Diamond Business (lol)

 

[risingsun]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

When you are considering buying a cheap, ugly diamond and reselling it on eBay, I don't think it is an ethical thing to do. People do it all the time, but it doesn't make it right. I do like your idea for a business, however, MDS. It seems you have found your calling. Very funny post

 

[Circe]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

The only thing that would benefit that ugly stone is a burial at sea

ETA: Please don't desecrate that 23rd St Jewelers beauty with such a pitiful stone

yeah, pretty much my reaction.


ETA: here's an idea though - for some reason, I think a pair of those would make a fantastic and bizarre pair of cufflinks, if you ever wear cufflinks

LOL, I was actually just thinking about this as I was falling asleep last night! Not about ugly diamonds per se, just wondering if anybody out there had cufflinks with nice 5 caraters ....

 

[denverappraiser]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

When you are considering buying a cheap, ugly diamond and reselling it on eBay, I don't think it is an ethical thing to do. People do it all the time, but it doesn't make it right. I do like your idea for a business, however, MDS. It seems you have found your calling. Very funny post

Here I'm going to side with the OP. Big, cheap, real diamonds have a viable market just like anything else. Just because you don't want it doesn't mean that no one else does, and as long as it's not being misrepresented in the sale, I see no problem with it. If she can make a profit on the deal by buying in one marketplace and selling in another, I call it good business. My doubts have to do with whether it can really sell for $400 on ebay without misrepresentation. That depends on what it really is, how it's advertised, and who is shopping for what that week. At least around here, pawnbrokers are a pretty savvy bunch and if they can get more on ebay than they can get in their showroom, that's exactly what they do. Everybody makes mistakes but I would take the fact that they're selling it for $150 as a bad sign, especially for easy to sell items like scrap gold (again, assuming that this applies).

 

[Dancing Fire]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

this is a VVS stone = Very Very S**TY..

 

[risingsun]

Re: pawn store diamond advice...2.55 round brilliant j/k is1

When you are considering buying a cheap, ugly diamond and reselling it on eBay, I don't think it is an ethical thing to do. People do it all the time, but it doesn't make it right. I do like your idea for a business, however, MDS. It seems you have found your calling. Very funny post

Here I'm going to side with the OP. Big, cheap, real diamonds have a viable market just like anything else. Just because you don't want it doesn't mean that no one else does, and as long as it's not being misrepresented in the sale, I see no problem with it. If she can make a profit on the deal by buying in one marketplace and selling in another, I call it good business. My doubts have to do with whether it can really sell for $400 on ebay without misrepresentation. That depends on what it really is, how it's advertised, and who is shopping for what that week. At least around here, pawnbrokers are a pretty savvy bunch and if they can get more on ebay than they can get in their showroom, that's exactly what they do. Everybody makes mistakes but I would take the fact that they're selling it for $150 as a bad sign, especially for easy to sell items like scrap gold (again, assuming that this applies).

That is my point, Neil. There is a discussion going on about how she can make money from selling this stone at a profit. My question is the same as yours. Can she sell it without misrepresenting it? I don't know and neither does she, yet she is receiving advice about price points. We don't even know if it is a diamond. It could be kryptonite. This particular deal doesn't sound kosher to me.