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Selling a Large Diamond


#1

Greetings fellow Orchidians! As you may know, we don’t deal much with
diamonds in my shop, let alone large ones. I am seeking advice about
how to go about selling an especially large rock (3.25 ct, emerald
cut) that has, er, ‘fallen’ into my hands. Anyone have any advice
or leads for me? We need to pay off some of my wife’s school loans
this year, and I suspect this could help. Appreciate your input!

Boris
@Bad4Borr
www.BorisBally.com


#2

What is the quality of this stone? Is it certed? Need more info to
go on before advice can be useful.

Daniel R. Spirer, GG
Spirer Somes Jewelers
1794 Massachusetts Ave.
Cambridge, MA 02140
@spirersomes
http://www.spirersomes.com


#3

Is it certified? If not, a GIA cert goes a long way. Not cheap, but
should pay for itself. First step, in my opinion, Rob


#4

How much clean is it ? What color is it? The size of it is
spectacular Where is it from? We are interested.

Gladys
MINING CENTER PERU
http://www.mineralart.com/mineperu


#5

Boris:

I think I would get a stone this large certed, probably by GIA, as
they are the most well known, and, if I remember a previous thread
right, they might also be a bit more lenient in grading than the IGI
. It will not cost you more than a few hundred dollars, and with the
cert, the value goes up and you can be surer about getting a
reasonable price. There are a number of sources for diamonds on the
Web, so you can check out prices for similar stones being sold, but
bear in mind that these prices are likely to be retail or close to
it, and you are more likely to be able to get something around a
wholesale price. Take a look at the Rappaport price and don’t go
lower than 80% of that, as that will be what the stone wholesalers
sell to you for. You might consider ebay, buying hysteria seems
rampant there, with a reserve as indicated.

As you probably know, consumers buy diamonds at retail, but selling
prices by private individuals are usually somewhere between wholesale
and retail. A newspaper ad in a fairly large city might net you a
buyer.

Good Luck,
Roy


#6

Gladys please tell me more about the diamond and if you have some
about the copper and how is it made (chrysocolla). Thanks
Vicky