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Serious Diamonds are forever, The most romantic stones

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TSmoorish
post Apr 23 2009, 12:01 PM, updated 17y ago

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QUOTE
Plenty of girls/guys do not know much about diamond, why some are expensive why some are cheap, why tiffany diamond cost twice as much as poh kong? am I conned? am I conned by my bf?

I was involve in Diamond wholesale since 2000, I can share quite a few things even tho am a bit rusty but I think should be reliable.

poll ends tomoro 11am, if yes then we shall create a thread all about diamonds, BTW voting the no3 option is consider spoiled vote rclxms.gif


Every girl looks forward to the day when they are surprise by the love of their life with a tiny red velvet box, opened and you will be mesmerized by the glittering play of fire, luster from the most romantic stones set in a ring of precious metal. For this ring is the beginning of the sacred matrimony, the promised of commitment, and the day to be remember for as long as you live.

However the guy goes through a ton of confusion, as most guy knows near zero of the complication of buying a diamond, a diamond is near as complicated as the girl they want to live with. I hope this thread will be helpful and give you better understanding.

Diamonds are complicated with too many criteria to scrutinize, just a single pinhead inclusion viewable only with an 10X magnifier could plunge its value from a few hundred to thousands. This thread purpose is to help prospect diamond customer to better understand the value and diamond itself before buying that precious stone for your proposal ring.

I was in the gemstone wholesale industry since 2000, but had stopped trading diamonds since 2004 and dealt with other custume jewellerys, I'll share with you as much as I know and tho a bit rusty, since gemstone industry progress pretty fast with all kind of synthetic and fake duplicating technology coming up every year. However most of the knowledge is still pretty useful.

Diamonds are graded with a 10X magnifier/loop, you can see more inclusion (inperfection/foreign particle) with a greater magnifier eg 20X or a microscope but that wont be included in the grading report. So whatever seen with a 10X loop is all that matters to the value of your stone.

There is the famous 4Cs to value, mainly Cut, clarity, color and carat.

Cut

Cut is the most important criteria, which unfortunately the certificate tells us very little about, there is still too much space and loopholes to play around. Cut is also the make or break of a diamond. A 58 facet and 90 over facet cut can have a huge difference in fire and lustre. Hearts and Arrow are pattern symmetry but there may lose fire play to traditional cut. Also remember not all hearts and Arrow are equal, Dont think just because your diamond possessed the H&A and you've the best cut diamonds, it only means your diamond are cut with a hearts and arrow pattern thats all.

Cut can also determine the visual size of your diamond, a 1 cts stone may look bigger like a 1.3 cts stone if the table is cut slight larger in proportion, but there is always a penalty somewhere.

» Click to show Spoiler - click again to hide... «


Clarity

» Click to show Spoiler - click again to hide... «


Color

A tip for the not millionaires, buy F color diamond, it is very difficult for an untrained eye to differentiate between a D and F colored stone, save the rest of your money for the other 3 Cs.

» Click to show Spoiler - click again to hide... «



Carat
» Click to show Spoiler - click again to hide... «



If you're planning to buy a 0.30 or bigger stone, I would always go for a stone with certificate, the famous industry standard are from

GIA (Gemological Institute of America)
AGS (American Gem Society)

These 2 cert are the popular traded diamond in Malaysia, however we also have our local gemology's Mr Chris Lam who would issue a Diamond grading report.

I always prefer an F color stones with a hint of florescent presents in the stones, slight florescent will make the stone look more colorless or whiter, and in certain sunny condition your stone may have a slight blue tint which I like very much.

You can learn how to read a diamond cert here http://www.diamondring.com/forums/diamondt...al.php?learn=19

When shopping for diamonds ...ASK the shop to show you the latest RAPAPORT, this is the industry pricing of diamond in USD. Rapaport are issued every fortnightly and the prices differs, how much discount you get will depend on your negotiating skill.


Spoiler part are taken from http://www.esva.net/~jhilton/4c.html and http://pages.ebay.co.uk/buy/guides/diamonds-buying-guide/ since I'm too lazy to type out these standard criteria tongue.gif

This post has been edited by moorish: Apr 24 2009, 12:54 PM
peinsama
post Apr 23 2009, 12:03 PM

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I would really love to know what's happening to. So this is why i would like to post here first.
mouldybread
post Apr 23 2009, 12:05 PM

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lol, i think i should be educated too. so how come tiffany is more expensive than pk?
MauveMarionette
post Apr 23 2009, 12:05 PM

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laugh.gif

I'll get the secondthird spot then. I'd love to know the how, what, and why about diamonds. smile.gif To what extend do one use that knowledge is their own responsibility. Correct?

dry.gif

This post has been edited by MauveMarionette: Apr 23 2009, 12:06 PM
^Hobbes^
post Apr 23 2009, 12:11 PM

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Diamonds are forever brows.gif

That forever may cause more future damage to your wallet and once obsessed, there's hardly any cure to it tongue.gif

From what i understand there's this 5C rules for diamonds

Cut
Clarity
Color
Carat
Cost

This post has been edited by ^Hobbes^: Apr 23 2009, 12:11 PM
King83
post Apr 23 2009, 12:13 PM

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yes, but not in CC
TSmoorish
post Apr 23 2009, 12:16 PM

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QUOTE(mouldybread @ Apr 23 2009, 12:05 PM)
lol, i think i should be educated too. so how come tiffany is more expensive than pk?
*
Tiffany diamonds are cut differently with 90facet as compared to the normal brilliant 58 facet cut, besides that tiffany is also a brand and they're the one that invented the solitaire ring so its like an LV magnet to girls in thier dream list.

QUOTE(King83 @ Apr 23 2009, 12:13 PM)
yes, but not in CC
*
I think CC is the correct place since this is where love and diamond are fused

This post has been edited by moorish: Apr 23 2009, 12:16 PM
7chai
post Apr 23 2009, 12:19 PM

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Diamonds are forever forever forever
Throw ya diamonds in the sky
If you feel the vibe
Diamonds are forever forever forever
The ROC is still alive
Everytime I rhyme
Forever and ever!
For ever ever? for ever ever? ever ever?
Ever ever? ever ever? ever ever? ever ever?
legolego
post Apr 23 2009, 12:32 PM

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Yeah, I want to know why tiffany diamond cost twice as much as poh kong.
TSmoorish
post Apr 23 2009, 01:04 PM

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QUOTE(legolego @ Apr 23 2009, 12:32 PM)
Yeah, I want to know why tiffany diamond cost twice as much as poh kong.
*
mah answer edi lo above
kitten
post Apr 23 2009, 01:09 PM

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maybe post this in girl's club better?
legolego
post Apr 23 2009, 01:10 PM

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QUOTE(moorish @ Apr 23 2009, 01:04 PM)
mah answer edi lo above
*
ow, now only see it tongue.gif
kazebert
post Apr 23 2009, 01:28 PM

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Diamond are rated accordingly to the quality of it....
If they are cut ( from raw ) with a GIA cert , they cost 30-50% more of those without the certificate..
GIA certificate means Gemological institute of America. Meaning they are cut with the precise measurement...it's like a prefect diamond shape

Besides that ... the colour of it.. eventho it's a Crystal colour , it has 3-5 types of crystal... The more expensive one, would be whiter.. yellow = cheap ... this must be look under the microscope only you can differenciate it....

This post has been edited by kazebert: Apr 23 2009, 01:28 PM
7chai
post Apr 23 2009, 01:29 PM

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QUOTE(kazebert @ Apr 23 2009, 01:28 PM)
Diamond are rated accordingly to the quality of it....
If they are cut ( from raw ) with a GIA cert , they cost 30-50% more of those without the certificate..
GIA certificate means Gemological institute of America. Meaning they are cut with the precise measurement...it's like a prefect diamond shape

Besides that ... the colour of it.. eventho it's a Crystal colour , it has 3-5 types of crystal... The more expensive one, would be whiter.. yellow = cheap ... this must be look under the microscope only you can differenciate it....
*
umm umm, the pro designer had spoken rclxms.gif
silverhawk
post Apr 23 2009, 01:34 PM

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Diamonds are the perfect example of not knowing the true value of an object, and in my opinion, diamonds represent being superficial and ignorant.

Diamonds aren't really rare, nor are they really "precious" stones. In fact, diamonds are so common, that in the past loyalty and the rich wouldn't use diamonds because its considered "low class" and worthless.

The only reason diamonds are what they are now is due to the incredible marketing campaign by De Beers and its monopoly on the market, where they control the supply.


TSmoorish
post Apr 23 2009, 01:38 PM

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QUOTE(kazebert @ Apr 23 2009, 01:28 PM)
Diamond are rated accordingly to the quality of it....
If they are cut ( from raw ) with a GIA cert , they cost 30-50% more of those without the certificate..
*
Actually yes and no, why a lot ppl like to play with non-cert diamond, if you're very good in grading diamond you can make money with these stones. A VS1 and VS2 are very marginal same as D and E color stones.

If you see a non-cert diamond as D and the shop personal grading is E then you make money,
But if the shop is not honest or ignorant a E diamond he sell you as D color then you lose money.


QUOTE(kazebert @ Apr 23 2009, 01:28 PM)
GIA certificate means Gemological institute of America. Meaning they are cut with the precise measurement...it's like a prefect diamond shape

*
Again yes and no
A diamond certificate can only accurately tells you the color, carat, polishing and so on but the most tricky part is the cut and this is where people get confuse and shop makes money.

QUOTE(kazebert @ Apr 23 2009, 01:28 PM)

Besides that ... the colour of it.. eventho it's a Crystal colour , it has 3-5 types or crystal... The more expensive one, would be whiter.. yellow = cheap ... this must be look under the microscope only you can differenciate it....
*
Yes and No, Yes is the whiter the more expensive, but the vivid color can be more expensive than the clearest of all diamond, eg a true red diamond can be more expensive than a D colored diamond of the same spec, vivid colored are call fancy color diamond.

And grading color do not require a microscpe, you just compare the diamond on a diamond colored chart in 6500 florescent light (Daylight).
kitten
post Apr 23 2009, 01:40 PM

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is diamond a better investment than gold?
TSmoorish
post Apr 23 2009, 01:44 PM

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QUOTE(silverhawk @ Apr 23 2009, 01:34 PM)
Diamonds are the perfect example of not knowing the true value of an object, and in my opinion, diamonds represent being superficial and ignorant.

Diamonds aren't really rare, nor are they really "precious" stones. In fact, diamonds are so common, that in the past loyalty and the rich wouldn't use diamonds because its considered "low class" and worthless.

The only reason diamonds are what they are now is due to the incredible marketing campaign by De Beers and its monopoly on the market, where they control the supply.
*
Diamond is infact a precious stone no doubt about this, about value, well value has always been the human factor and not by a few minority. eg Rolex watch, its a production thing, they can make how many they want to, but yet Rolex holds its value because majority wants it.

QUOTE(kitten @ Apr 23 2009, 01:40 PM)
is diamond a better investment than gold?
*
No for the normal diamond of below 5 carat
Yes for a highend D color, IF, above 5 carat stones.
@eMiLy
post Apr 23 2009, 01:44 PM

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QUOTE(kitten @ Apr 23 2009, 01:40 PM)
is diamond a better investment than gold?
*
Do you see countries keeping diamond in the treasury depository? smile.gif
kitten
post Apr 23 2009, 01:45 PM

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QUOTE(@eMiLy @ Apr 23 2009, 01:44 PM)
Do you see countries keeping diamond in the treasury depository? smile.gif
*
makes sense. But how about common people?

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