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Q&A: We Purchased a Diamond “On Sale”. Did We Get a Good Deal?

By Mike Fried,

Hello,

We purchased a 3.3 Carat round diamond. VS1, J, Excellent cut for $38,000. Is this a good deal? The jeweler said that this diamond was “on sale.”

I just don’t want to be ripped off.

Thanks.

Was that diamond GIA/AGS certified? If so, can you send me its report number so I can take a look at the specs?

Also, do you have a chance to take it back and get a full refund in case it wasn’t a good purchase? I just don’t want to go into this knowing that there is nothing you can do about it now.

The GIA report number is GIA 6205747898.
I do have a chance to have a 100% refund.

If this wasn’t a good deal can you please explain specifically why.

Thanks.

The diamond isn’t so bad. The angles are a bit off and the table is slightly larger that I would like which both can have an effect on brilliance. The larger the table, the less light refracts through it (sparkles). “Perfect” light refraction usually occurs with tables around 55-57%. The larger a table is, the larger the diamond looks (that is the biggest facet on the top, so it makes the face appear larger). I like the 58-59% as it’s a good balance between appearance of size and brilliance.

However, if you have it at home and you like the way it looks, it’s no big deal.

I just had a quick look around and found a much better cut for the same money:
www.jamesallen.com/loose-diamonds/round-cut/3.40-carat-j-color-vs1-clarity-excellent-cut-sku-2476093?a_aid=dmnd1357

Thank you so much for the information. I feel like I want to go for a smaller, better quality diamond. Maybe a better color as well. What is your thought on color? Should I stay in a certain range?

Thanks.

……

I have attached a GIA report for a diamond that we are interested in buying. The jeweler wants $36,093 for it.

I really appreciate all of your help. We just don’t want to get screwed or accept a bad diamond.

Thank you again.

The diamond looks nice. But then again, there is no reason to overpay for it. Dropping down the clarity at least a bit (yet still getting an eye-clean diamond) saves you a lot:
www.jamesallen.com/loose-diamonds/round-cut/2.50-carat-h-color-vs1-clarity-excellent-cut-sku-2114481?a_aid=dmnd1357

Thank you. I really appreciate all of your help.

My pleasure.

Let me know if I can be of more help.

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What we love about them:
  • No questions asked returns within 30 days of shipment. Blue Nile will send you a paid shipping label to return the ring.
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