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Buying an Estate Diamond, winter 2019

Posted on 1 November, 2019 at 0:55

Buying an estate diamond can be a tricky thing but here are some tips:

1) make sure the diamond is out of mounting

2) take diamond to a registered appraiser don’t try and eye-ball it yourself because you won’t have the equipment and expertise

3) check pricing with bluenile.com, I find that they have pretty good pricing for the average diamond buyer, but expect to pay at least 30% less than bluenile because you have a “used” diamond

4) always negotiate the price with the buyer and use cash when you can

5) there are diamonds, simulants, enhancements and lab grown diamonds, none of the pricing is the same

6) if it is at auction be careful because stones in jewelry can be difficult to see, especially if there is damage, if there is a GIA or other report please look at it carefully and make sure it is a reputable report

Happy Hunting!

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