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Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 738
Registered: 11-2002
Posted on Wednesday, October 15, 2003 - 6:30 pm:   

For those who are interested, I priced 2 rings at Tiffany's today. Both rings were approx 50% above Rapaport.
Many people say that you are paying for the name, now I know how much.
wayne skiles (Bad_tt)
Junior Member
Username: Bad_tt

Post Number: 114
Registered: 8-2002
Posted on Wednesday, October 15, 2003 - 12:32 pm:   

Hope that helps
my # is 909 383-9000
Wayne
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 737
Registered: 11-2002
Posted on Wednesday, October 15, 2003 - 10:32 am:   

Wayne I did not get anything would you mind resending it to [email protected]

Thank you.
wayne skiles (Bad_tt)
Junior Member
Username: Bad_tt

Post Number: 113
Registered: 8-2002
Posted on Wednesday, October 15, 2003 - 10:01 am:   

Jean-louis
I sent you a private message last night.
It is against the rules and maybe even illegal to copy or post a "page" from Martin Rapports'
publication. My only free day is Sundays but believe me I drive my cars(put 73k on Viper in 3 years) so you can bet this 1991 22k creampuff
will get some miles until my 360CS arrives! Count me in.
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 736
Registered: 11-2002
Posted on Wednesday, October 15, 2003 - 1:12 am:   

Wayne I love my 348. It is amazing. You should join us on some of our local drives the last one we organized brought out over 40 exotics.
I am curios to know what the rapnet says about the stones. if you feel uncomfortable posting it here, wold you mind e-mailing me the info [email protected]
I ahve some interesting buying guide info on the 348 I could send you.
wayne skiles (Bad_tt)
Junior Member
Username: Bad_tt

Post Number: 111
Registered: 8-2002
Posted on Tuesday, October 14, 2003 - 9:37 pm:   

mike
yes it does
Michael Zaic (Mikez_nj)
Junior Member
Username: Mikez_nj

Post Number: 98
Registered: 12-2002
Posted on Tuesday, October 14, 2003 - 9:33 pm:   

Ah, gotcha... my mistake.

Here's a question though... when one talks about cut, doesn't it take into account proportions? It just seems like the table/crown/depth/etc just give you an idea how how excellent an excellent cut or how ideal an ideal cut is.
wayne skiles (Bad_tt)
Junior Member
Username: Bad_tt

Post Number: 108
Registered: 8-2002
Posted on Tuesday, October 14, 2003 - 9:16 pm:   

mike
Not that anyone cars but....use the avg diameter.
On a round stone measure the distance from the 2 opposite corners of the table or flat surface on top of the diamond,(both sets) expressed as a % of the avg diameter.
Michael Zaic (Mikez_nj)
Junior Member
Username: Mikez_nj

Post Number: 97
Registered: 12-2002
Posted on Tuesday, October 14, 2003 - 9:09 pm:   

But that would be:

top diameter (small) / middle diameter (large)

to get the percent, right?

wayne skiles (Bad_tt)
Junior Member
Username: Bad_tt

Post Number: 106
Registered: 8-2002
Posted on Tuesday, October 14, 2003 - 9:01 pm:   

table size is not direct relationship
with min/max stone diam but rather a % of area
of the diameter covered.
Ben Cannon (Artherd)
Intermediate Member
Username: Artherd

Post Number: 1070
Registered: 6-2002
Posted on Tuesday, October 14, 2003 - 8:57 pm:   

DeBeers is sitting on something around a $17BILLION surplus in diamonds, maybe far far more than that.

They have a choke-hold on the entirely artifically-inflated market.

Cool thread on the ins and outs of polished stones though! Diamond is an amazing material for certin.


Best!
Ben.
wayne skiles (Bad_tt)
Junior Member
Username: Bad_tt

Post Number: 105
Registered: 8-2002
Posted on Tuesday, October 14, 2003 - 8:57 pm:   

Yes of course as Princess cuts(although they have modified corners) ideally are 1 to 1, A "true" emerald cut is 1.5 to 1. Although you can expect better light reflection/refraction with the square cuts. I see you are in LA I'm in Riverside and my sources are in downtown LA and BH.
Hey I'm taking delivery of a supposedly very nice 348TS in the next week or so. How do you like the 348?
Michael Zaic (Mikez_nj)
Junior Member
Username: Mikez_nj

Post Number: 95
Registered: 12-2002
Posted on Tuesday, October 14, 2003 - 8:52 pm:   

For the ones you were unsure of, Jean-Louis...
Very good Poish- not exactly sure
Polish is basically a reflection on how "cleanly" the stone was cut. Most of the time, for most stones, this makes little difference, but it can reduce the reflection.

Depth 67.7%- not sure
Depth is (I believe) how tall the diamond is compared to how wide it is, looking at the diamond from a profile view.

Table 67% - not sure
Table size is the percentage of the smallest diameter of the diamond (the top) to the largest diameter. If you look down from the top of the diamond, (taking a round one as the simplest example) you'll see 2 circles - the table percent is how much space the top circle takes up.

Cutlet: None- no idea
Cutlet is the bottom of the stone. No cutlet means that it's pointed.



Jean-Louis, thanks for all your help. I'll keep you posted when I meet with my guy in a couple weeks to check out the stones. If you're ever in the South Jersey area, look me up and we'll take our fiances to dinner. :-)
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 735
Registered: 11-2002
Posted on Tuesday, October 14, 2003 - 8:41 pm:   

Wayne, although they are both beautiful she didn't like the princess cut or the asher. She liked the emerald cut. I preferred them more rectanglular and she liked them less rectangular.

On a side note I was told by 2 people that the less rectangular are becomming more expensive now, and this was not by the person that I got the stone from. It did not make sense to me at the time, but after your comment I went to price stones on dirtcheapdiamonds and bluenile, and in the search I did; the more expensive per carat diamonds were closer to 1-1 then 1.5-1
wayne skiles (Bad_tt)
Junior Member
Username: Bad_tt

Post Number: 104
Registered: 8-2002
Posted on Tuesday, October 14, 2003 - 8:11 pm:   

So if you want a rectangular look for 1.5 to 1. If the girl prevails(which usually they do regarding a ring They will be wearing) then
show her a Princess cut (ideally exactly square
with tapered corners). I'm home now I'll go to rapnet and get you the cheapest well made stone and the cheapest one close to your example.
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 734
Registered: 11-2002
Posted on Tuesday, October 14, 2003 - 6:50 pm:   

Wayne it is a G in color.
Even though I do prefer the more rectangular in shape, my girlfriend likes the more square look.
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 733
Registered: 11-2002
Posted on Tuesday, October 14, 2003 - 6:49 pm:   

Dr Strange Love
I am not a gemologist so this is the basic knowledge that I think its right but don't sue me.
GIA 2001 - Gia is a grading certification that is used on Diamonds, it is the most widely accepted certification, the next big one is EGL.
I included the date, because I've been told-do not know if it is true that the grading was more strict 18 months ago and more-could be bullshit
Emerald Cut- its shape is like a rectangle.
3.05 Carat - the weight of the diamond
Vs2 - means that you can not see any flaws with the naked eye.
Very good Poish- not exactly sure
Very good Symetry - the stone is cut proportional on each side
8.72X7.71X5.22 - length- width- height
Depth 67.7%- not sure
Table 67% - not sure
Slightly thick girdle- perimeter where stone lays
Cutlet: None- no idea
Flourescence: Faint in black light the stone can actually glow depending on its flourescence
Comments: None - sometimes the gemologist will put a comment about the stone
In my eyes the stone looks amazing. It sparkles.
wayne skiles (Bad_tt)
Junior Member
Username: Bad_tt

Post Number: 103
Registered: 8-2002
Posted on Tuesday, October 14, 2003 - 6:14 pm:   

Jean-louis. Give me a color please. This stone because of its length width ratio (1.13 to 1) is going to be tough to sell. In the business this is not one you want to inventory as an emerald cut. The reason it wasn't cut into a princess cut was probably unable to keep above 3 cts. Would undoubedly make a gorgeous princess but this would put in a lower price per/ct range.

This stone is VERY undesireable as a Emerald cut. Yes it probably is a striking stone.
If you like it and can design a setting around it it may work just fine for you. I'll check all stones available in NY in the morning from the rapnet diamond base and be happy to email you what the the specific diamonds are offered at if you want me to?
I'm going home now.
Drstranglove (Drstranglove)
Member
Username: Drstranglove

Post Number: 887
Registered: 4-2003
Posted on Tuesday, October 14, 2003 - 5:46 pm:   

For we non-gem people, could one of you experts tell us (Me!) what any of this means??????

[quote]

GIA 2001
Emerald Cut
3.05 Carat
Vs2
Very good Poish
Very good Symetry
8.72X7.71X5.22
Depth 67.7%
Table 67%
Slightly thick girdle
Cutlet: None
Flourescence: Faint
Comments: None
In my eyes the stone looks amazing. It sparkles.

[/quote]



Thanks!!!

DrS
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 732
Registered: 11-2002
Posted on Tuesday, October 14, 2003 - 5:27 pm:   

Wayne
Please tell me what a good percent below rap for you would be on this stone, and what would be a good percent below rap for a consumer.
I apreciate your time

GIA 2001
Emerald Cut
3.05 Carat
Vs2
Very good Poish
Very good Symetry
8.72X7.71X5.22
Depth 67.7%
Table 67%
Slightly thick girdle
Cutlet: None
Flourescence: Faint
Comments: None
In my eyes the stone looks amazing. It sparkles.

Thank You
Jean-Louis
TomD (Tifosi)
Advanced Member
Username: Tifosi

Post Number: 4420
Registered: 9-2001
Posted on Tuesday, October 14, 2003 - 2:08 pm:   

congrats, but you still have to watch out for those older men with Ferraris trying to pick up your financee - :-) best of luck
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 557
Registered: 8-2002
Posted on Tuesday, October 14, 2003 - 1:53 pm:   

Wayne, I totally agree with you. I explained your points to Jean when we spoke. Jean and I had a conversation that since each stone is unique, generalizing a % off Rapp is difficult. It's important to go with a stone that 'looks' good!!! Ultimately, he went with a better quality stone, which wasn't as far off Rapp pricing as he initially wanted.

The stones I quoted in this thread were based solely upon the initial criteria presented to me. You DO only get what you pay for!!!!
wayne skiles (Bad_tt)
Junior Member
Username: Bad_tt

Post Number: 101
Registered: 8-2002
Posted on Tuesday, October 14, 2003 - 11:52 am:   

Gentlemen how can I say this tactfully
without offending anyone?.....There are many factors that determine market value. Clarity and color are only 2. Granted a good shopper can
shop % off of Rap on these 2 factors. beyond that the considerations of "cut", flourescence,Polish,symmetry and "negative comments" come into play.Many times we in the trade have to pay only 25-33 off of "Rap" for the
"right" stone.
Obviously, we can't resell those to people who think that they can always get 50% off! I've sold stones at 60% off but all had "problems". in short there are just TOO MANY VARIABLES to make price generalizations.Let me use one of Freds stones for example. The optimum Length to width ratio on an Emeral cut is 1.5 to 1. The stone that fred quoted 45% off on is 1.19 to 1 this is NOT A GOOD MAKE for an emeral cut!!
To be sure... shop, compare like stones but very few are exactly the same.In my own instance I work on 10% over my cost. If it is a large transaction
(25k plus) maybe 6-7% over cost.

After all the "shopping" remember the old addage
"you only get what you pay for!"
Wayne Skiles
Graduate Gemologist(GIA)
Drstranglove (Drstranglove)
Member
Username: Drstranglove

Post Number: 886
Registered: 4-2003
Posted on Tuesday, October 14, 2003 - 11:23 am:   

Yea, they may not though I have heard stories that say they sometimes will. However, it is moot if you have found the seting she likes!!!!!!

I loved this thread BTW, though I dont know a thing about dimonds....Except that I like them!!!!

Once you have the ring made, could you post up a pic of it? I would love to see it!!!!



DrS
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 731
Registered: 11-2002
Posted on Monday, October 13, 2003 - 10:47 pm:   

Dr Srange love I do not think they will, but the setting that my girlfriend wants, is filigree (antique style) which is not Tiffany's forte.
Drstranglove (Drstranglove)
Member
Username: Drstranglove

Post Number: 885
Registered: 4-2003
Posted on Monday, October 13, 2003 - 10:23 pm:   

Will Tiffany set your stones in their settings???


DrS
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 730
Registered: 11-2002
Posted on Monday, October 13, 2003 - 9:06 pm:   

Now I am looking for the designer to design the ring.
I am choosing between Tacori, Phipp Press, and Varna. Does any one have any thoughts or ideas or done business with anyone?
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 551
Registered: 8-2002
Posted on Monday, October 13, 2003 - 8:51 am:   

Jean, congratulations!! And... you're welcome for the help!

Sunny Garofalo (Jaguarxj6)
Member
Username: Jaguarxj6

Post Number: 999
Registered: 2-2003
Posted on Saturday, October 11, 2003 - 4:02 am:   

Act yourself! Get some sleep and don't worry about if its 10 days or 100 days. You got this point, you know the surprise is far sweeter when its least expected. Hide the anxiety, drive the Ferrari a little more, worry about work and create a little diversion for yourself.

Most of all, congrats :-)
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 726
Registered: 11-2002
Posted on Saturday, October 11, 2003 - 3:03 am:   

I am so excited I can't sleep.
I want to give an extra special thanks to Fred for his extensive time on the phone and knowledge.
John P. for his e-mail suggestion.
DES for giving me the idea to ask this wonderful site.
Thanks again everyone.
I feel like I have a Ferrari hidden in my house. I hope my girlfriend is not reading this. I just have a desire to show someone and can not.
Now the hard problem is convincing one of two jewlers to set the stone, and hopefully have it ready in ten days.
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 725
Registered: 11-2002
Posted on Friday, October 10, 2003 - 9:24 pm:   

Guys I want to thank everyone for their help.
After months of research I finally bought my stones.
I bought them locally in Los Angeles. 3 hours of negotiation.
Bottom line I am very very happy.

Not only did i get a great price but i got great stones.
very good cut, very good polish, very good symetry.
G
vs2
3.05 carat.

2 matching side stones f& g color vs2 great cut, good polish and good symetry.
.54 carat each.
all 3 stones well well well below rap.
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 540
Registered: 8-2002
Posted on Thursday, October 09, 2003 - 9:08 am:   

DES - LOL....you are too much!!!

:-)
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 539
Registered: 8-2002
Posted on Thursday, October 09, 2003 - 9:06 am:   

Jean - Anytime! Feel free to call me if you have any other questions. Congratulations in advance!!
DES (Sickspeed)
Senior Member
Username: Sickspeed

Post Number: 7027
Registered: 8-2002
Posted on Wednesday, October 08, 2003 - 3:54 pm:   

In my best Hannibal-from-the-A-Team voice:
"i love it when a plan comes together." :-)
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 722
Registered: 11-2002
Posted on Wednesday, October 08, 2003 - 3:51 pm:   

Fred I want to thank you for your time today on the phone. You are trully a classy guy.
I will be in contact with your friend over the next couple of days.
Thank you again
Jean-Louis
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 534
Registered: 8-2002
Posted on Wednesday, October 08, 2003 - 2:23 pm:   

Michael,

The Rappaport sheet is made up of grids for stone sizes. In each grid is the color and clarity and price per carat. It is truely the 'black book' of diamond pricing. I don't know where the general public could find an updated copy, perhaps on the internet. Most of the GP buys at retail locations that charge rediculous prices that have no relativity to the Rap sheet. They merely buy the best 'deal' amongst the few places they have shopped.
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 533
Registered: 8-2002
Posted on Wednesday, October 08, 2003 - 2:18 pm:   

Jean, I e-mailed you my phone #. You e-mailed back you were going to call, but didn't. Let me know what you want to do about the stones my friend has.

Thanks!
Fred
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 721
Registered: 11-2002
Posted on Tuesday, October 07, 2003 - 8:48 pm:   

Michael I have done hours and hours of research and can save you some time e-mail me at [email protected] and I can give you some info.
Jason from what I understand there is a small chance that a diamond purchase will appreciate in value. I think that it will only appreciate with the cost of living if that.
DaBeers has a monopaly on the diamond market and they have a huge surplas of diamonds, for the most part they control the amount of diamonds that enter the market in order to keep the prices stable. As less diamonds are needed they do not flood the market to keep prices stable. From what I hear they have millions of diamonds that they can put in the market at any time but do it controlled to keep the prices stable.
Michael Zaic (Mikez_nj)
Junior Member
Username: Mikez_nj

Post Number: 92
Registered: 12-2002
Posted on Tuesday, October 07, 2003 - 7:23 pm:   

I have a question, as I will be purchasing a diamond for an engagement ring shortly:

Where does one find the Rapaport prices?

I've been trying to do some research online, and found a few diamond retailers with some seemingly great prices. Then again, I can only compare them against each other... the Rapaport sheet seems like a good thing to have.
Jason W (Pristines4)
Member
Username: Pristines4

Post Number: 738
Registered: 12-2002
Posted on Tuesday, October 07, 2003 - 7:19 pm:   

Are these considered investments, or just a quick turn around?

ie: buy today for $3k, sell in 5 years for $6k type of thing.

Sorry, I'm just very unfamiliar with this type of thing.
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 720
Registered: 11-2002
Posted on Tuesday, October 07, 2003 - 5:51 pm:   

Jason from what I understand, it all depends on how much time you want to spend and how much research you want to do.
If you by a stone at 40% below rappaport you have to search a long time for a perfect stone or you can get a not so perfect stone for that.
If you go to sell it to a diamond dealer he might pay you 10% less if it is a good stone, if you sell it to someone on the street of course you could make a small profit.
Many times when people by stones at a retail jewler they pay rapaport price or above. So when they go to sell it they loose about 50% of what they originally paid for it.
An example Tiffany's in various stones i priced for shits and gigles was 40%-60% above rapaport. You are paying for the name. if you try to sell that ring to someone you will probably get 25-30% of what you paid.
jake diamond (Rampante)
Junior Member
Username: Rampante

Post Number: 149
Registered: 4-2002
Posted on Tuesday, October 07, 2003 - 5:39 pm:   

Diamonds.......??
http://msnbc.com/news/977063.asp?0cv=CB20
Jason W (Pristines4)
Member
Username: Pristines4

Post Number: 737
Registered: 12-2002
Posted on Tuesday, October 07, 2003 - 5:23 pm:   

Question: If someone buys these stones at the "42% below" cost, can they turn around and sell them on the open market for the retail price? What exactly is considered the "open market" in this industry?

If people can buy them for 42% less, then why would anyone pay retail?

Just curious...

Jason-
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 719
Registered: 11-2002
Posted on Tuesday, October 07, 2003 - 4:07 pm:   

Fred I am interested in talking to your friend, Can you please e-mail me at [email protected] and I will give you my phone number or you can give me your friend's

Thank you very much for your time
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 525
Registered: 8-2002
Posted on Tuesday, October 07, 2003 - 3:18 pm:   

Jean, here's another e-mail from my friend......



Hey Fred, Found another stone for him to consider. Again I just want to make $500 plus shipping expenses ~$155.

3.04ct Emerald cut G color, VS1 clarity GIA certified 10.48x6.46x4.92mm, good polish good symmetry, and No Fluorescence. Rapaport List is $13,100pc or $39,824net, Price is $7,598pc (-42%) or $23,098 plus $655 = $23,753.00

Let me know, Thank You
RS
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 509
Registered: 8-2002
Posted on Tuesday, October 07, 2003 - 12:15 pm:   

DES, yes, I was in the business for a while.
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 508
Registered: 8-2002
Posted on Tuesday, October 07, 2003 - 12:14 pm:   

Jean, I may have a lead for you. Here's the info (copy of e-mail) on the stone (45% back) from someone I know:


Hey Fred, Found this stone that is 45off my cost I would like to make $500 plus shipping expenses ~$135.

3.06ct Emerald cut H color, VVS2 clarity GIA certified 8.84x7.42x5.28mm, 71.2d 60t, good polish good symmetry, and No Fluorescence. Rapaport List is $11,00pc or $35,802net, Price is $6,435pc (-45%) or $19,691.10 plus$635 = $20,326.10

If he is interested in this I will start working on matching side stones.

Let me know, Thank You
RS
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 711
Registered: 11-2002
Posted on Sunday, October 05, 2003 - 1:08 pm:   

Guys Thank you again for you comments please keep them comming. I have a friend who told me that I can get them a lot cheeper in Jordan (the country) So I sent an e-mail to his friend and they could not go below 35% of Rapaport. I have a friend looking for me in Amsterdam right now, I am hoping that on Monday or Tuesday he will call with good news. I have no trouble flying into Europe, if I know the price and what I want is there.
DES (Sickspeed)
Senior Member
Username: Sickspeed

Post Number: 6895
Registered: 8-2002
Posted on Saturday, October 04, 2003 - 11:20 pm:   

Fred, you know a lot about this stuff... Did you ever work in/as/for a jeweler or somewhere else in this field...?
Ryan Sabga (Sherpa23)
Junior Member
Username: Sherpa23

Post Number: 189
Registered: 5-2003
Posted on Saturday, October 04, 2003 - 4:59 pm:   

JL,
When I was living in Belgium I got a killer deal on a stone for an engagement ring (for my now wife) in Antwerp. I did have to haggle a lot but really, the people that I dealt with were extremely nice. I know that pro bike racers get preferential treatment over there and all but I can't imagine that if you flew over there, you wouldn't find someone to get down to the 50% mark.
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 504
Registered: 8-2002
Posted on Saturday, October 04, 2003 - 4:18 pm:   

DES, yes, I suppose anything is possible. However, to put it into F-chat perspective, it's like trying to find a pristine condition, vintage Ferrari under a cover in a garage that some old lady who knows nothing about the car just wants it gone since it reminds her too much of her great grandfather.

As I previously stated, most of the importers/traders who would give 60%+ back on a stone wouldn't have them GIA'd. That happens farther down the line.

If Jean keeps looking, he may find someone who happens to have the exact stone he wants in inventory and needs to move it to raise cash.

As I said, anything's possible. As with anything else, the hunt is 1/2 of the fun!!!
William H (Countachxx)
Advanced Member
Username: Countachxx

Post Number: 3262
Registered: 2-2001
Posted on Saturday, October 04, 2003 - 10:26 am:   

can they be yellow or do they have to be white ?

If yellow is ok try http://www.gemesis.com & save yourself 50% :-)
DES (Sickspeed)
Senior Member
Username: Sickspeed

Post Number: 6869
Registered: 8-2002
Posted on Friday, October 03, 2003 - 11:31 pm:   

Ok, Fred, let me ask you this... Suppose Jean-Louis actually found one of those high volume traders and had the opportunity to purchase a few stones at 50+% below Rappaport listing; with a percentage that low, if he took his chances and bought a few extra stones, wouldn't it be almost equivalent to paying for one large stone, cut, GIA certified, in a retail establishment...? What are the odds, given the chance to hook up with a high end trader, that he'd luck out with some quality gem...? Lastly, does anyone know of a high end trader he could get in touch with...?
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 503
Registered: 8-2002
Posted on Friday, October 03, 2003 - 9:32 pm:   

DES...The diamond industry is a VERY tight group. It's almost impossible to get a shot at the top. Very steep pyrimid. In fact, there are importers/jewelers in NY's famous diamond district that have been involved for generations that are being pushed out of business to steepen the pyramid. (See article in Forbes magazine a month or so ago.)

Most importers buy a package (bulk) of uncut stones, many times without knowing what they're buying. Some have their own cutting/polishing factories, others sell to the cutters/polishers to be marked up again. They then go to certain channels that keep dividing and marking them up until they reach retail customers.

Most retail customers pay way over Rap price because they are caught up in the romance, the bright lights of the store, etc...

The Rappaport sheet is the 'black book' of the diamond industry that even the 'top guys' utilize. If Jean is obtaining pricing at 42% back of Rap on diamonds of that size/calibre that are GIA cert'd he's doing well.

Don't give up Jean. 50% isn't impossible, nor is even 60% back, but usually anyone who is at the level to sell them at those prices won't have them GIA Cert'd. They're selling to people who don't give a darn about the cert since they know exactly what they're looking at. Eventually, those people pass them down (while marking them up) to others who eventually GIA Cert them.

In other words, finding a 50+% back of Rap stone that has passed down to the level (while being marked up along the way) of GIA cert will be challenging.
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 708
Registered: 11-2002
Posted on Friday, October 03, 2003 - 1:48 pm:   

To Fred, Des, Sean and those who have e-mailed me privately. Thank you very much.
I know that 40-42% is good but I really think I can get 50%. I think I just need to be patient.
Please keep your comments and advice comming it is greatly appreciated. It is a very very big step for me , and as in any big ticket purchase I want the best quality and a great price.

JLM
DES (Sickspeed)
Senior Member
Username: Sickspeed

Post Number: 6838
Registered: 8-2002
Posted on Friday, October 03, 2003 - 11:41 am:   

Let me ask you intelligent fellas a question...

Where do these high volume traders get THEIR diamonds from...? Suppose Jean-Louis posed as a someone interested in being a high volume diamond trader and got in touch with whoever it is that supplies diamonds to high volume traders...? Is there any way anything can be finagled THAT way...? Please keep in mind that i know next to nothing about this sorta thing, but it tickles when i think so i like to do it once in a while... :-)
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 502
Registered: 8-2002
Posted on Friday, October 03, 2003 - 11:33 am:   

Jean,

The importer I know wont sell only 3 stones at a time. However, I checked with another source who does retail sales at wholesale prices. Here's the current Rappaport info:

3.00-3.50ct G Vs1 Rap14000pc (40off) 8400pc 25200-29400net
3.00-3.50ct H Vs2 Rap10800pc (40off) 6480pc 19440-22680net

RAPAPORT: (3.00 - 3.99) 10/3/03
IF VVS1 VVS2 VS1 VS2 SI1
D 304 222 193 173 154
E 222 192 173 155 141
F 192 172 155 142 132
G 171 153 140 131 114
H 142 132 117 108 94

He can't go much below 40-42% back of Rap either. If so, only by a smidgen for a stones like that and only if cash-in-hand, ready to buy.

As I said before, now you're getting into really tight margins for a not-so-everyday type stone.

Feel free to e-mail me if you have any questions.

[email protected]

Good luck!
Fred
Fred (I Luv 4REs) (Iluv4res)
Member
Username: Iluv4res

Post Number: 501
Registered: 8-2002
Posted on Friday, October 03, 2003 - 9:26 am:   

Jean-

Most dealers try to buy at 70% off Rappaport for average stones. However, at the 3+ ct, with the cut, clarity and color you're seeking, they will usually have to pay more.

If you can get 50 back, that would be a pretty good end-user deal. That said, BE CAREFUL!!! Almost every dealer upgrades the stone when selling and downgrades when buying. Even GIA certified stones can be a bit subjective because every stone is unique.

I will forward your post to some people I know who import. I don't know if they will sell only 3 stones, but I'll check.
Sean Ruckel (Sruckel)
Junior Member
Username: Sruckel

Post Number: 232
Registered: 10-2001
Posted on Friday, October 03, 2003 - 8:31 am:   

Jean-Louis,
I can't say I'm familiar with Rapaport, but I recently went through the diamond buying process and talked to way too many wholesalers. I found a place in Iowa of all places that was cheaper than all the dealers I talked with on either coast. The place is called Anglo International, and it might be worth a shot. Phone is 515.254.0100
-sean
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 705
Registered: 11-2002
Posted on Friday, October 03, 2003 - 7:58 am:   

Nebula I understand your argument, but I have already made up my mind.
Can any one please give me some insight.
Is 40-42% below rapaport the best I can expect?
Nebula Class (Nebulaclass)
Member
Username: Nebulaclass

Post Number: 545
Registered: 11-2002
Posted on Thursday, October 02, 2003 - 7:42 pm:   

Don't buy diamonds. Completely artifical market, and the rocks themselves have virtually no value.

Buy cubic zirconium instead. Or a nice watch.
Jean-Louis (Jlm348)
Member
Username: Jlm348

Post Number: 704
Registered: 11-2002
Posted on Thursday, October 02, 2003 - 5:25 pm:   

I am interested in purchasing 3 emerald cut stones.
I have done a lot of research and met with a lot of people.
I need someone to introduce me to a high volume trader that will sell me only three diamonds.

This is what I am looking for
ALL stones must be GIA Certified

Stone 1
3.0-3.5 Carats
Very good to excellent cut
Very good to excellent polish
very good to excellent symetry
G or H in Color
Vs1 or Vs2

Stone 2 and 3
Similiar to above (other the carat size) and must be matching for side stones.

Each stone .75 Carrats.

I am dealing with someone right now who is between 40-42% below Rapaport but I know I can do better. I just need to meet the right person.
I need to meet someone who is at 50% or better under Rapaport.

I appreciate everyones time and help
Please e-mail me with any information. [email protected]
Jean-Louis

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