Q&A: Should I Buy a Beautiful Loose Diamond in Bahrain, Ira?

Thanks so much for taking the time to help me out.

I’m currently in Bahrain with the Navy and am planning on proposing to my girlfriend a few months after I get home (need to have the ring made). She likes a modern-looking ring and is particularly enamored with a platinum half-bezel solitaire setting (I don’t have the link to the site; will get it to you later).

I’ve heard stories of guys who have had diamonds they bought here appraised for significantly more than they paid for them. However, I only have a few more days here and don’t want to pull the trigger too fast just to have a diamond – I just want a beautiful stone that I’ll be glad I bought and that she will love.

I’d like to keep my budget around $6-8k for the stone and ring; more if I have to. My girlfriend hasn’t set any requirements for size or anything, which is nice, but I’m starting my search around 0.90ct and going up to 1.5ct or so. Based on the setting, a round brilliant makes the most sense to me, though a princess cut would be fine (though I’m nervous about there not being an organization that will classify princess cuts).

I’m torn right now because I did find an absolutely beautiful stone last night – a 0.9ct round brilliant, SI1 D GIA certified stone that was absolutely radiant compared to the other stones I saw. The dealer quoted me $3,600 or so for the stone alone, and I feel like I’m paying a lot for the perfect color (which will be relatively unnoticeable once the stone is set) that I could get back in a little more size for the same money.

Any guidance you could provide would be wonderful – thanks in advance.

I’ll check the diamond tonight – is the laser engraving relatively easy to see on the girdle with 10x magnification? I looked at your loose diamond pricing tool last night as well and from everything I could see, it looked like I was getting the diamond about $700-1000 below comparable stones, which is hard to believe.

I had been planning on going back to buy it yesterday evening, but became engrossed in the rest of your articles. Assuming that the diamond is the one on the cert, I’m thinking that I’m paying a lot for the D color, which will end up being far less important, and could even get a larger stone for roughly the same money.

Again, I’m not part of the “bigger is always better” crowd, but my girlfriend is tall (6′) and wears a size 7 ring, so I don’t want to get her a diamond that’s going to look underwhelming on her. Thoughts?

Last – some of the stones I looked at seemed to positively explode with fire, and others seemed completely lackluster. Obviously the latter I’m staying away from, but what’s the difference with the others? Is it simply the cut is that much better?

Thanks again!

…….

So I returned to the store tonight and confirmed that indeed it is the diamond in question – the ID number on the stone matched the paperwork. However, I also determined that while the stone exhibits no fluorescence, it’s rated a fair cut, not VG like you recommended.

I just looked up the pricing for a similar stone on your website and included the additional fluorescence, polish (rated excellent) and symmetry (rated good), and only two stones were left in the category, one at $4,219 and one at $4,470. Obviously I’m not exactly comparing apples to apples since you don’t have a “Fair” cut option, but equally obvious is the fact that I’m not looking at as great a deal as I initially thought.

I’m probably talking well past my experience level, but the diamond in question is exceptionally brilliant, more so than any of the other stones I’ve looked at in the last few days. There are two conclusions I can draw from this. One possibility is that most of the other diamonds are pretty inferior stones as a whole, so this one simply shines in comparison (there are very few stores here that carry GIA certified diamonds – most are IGI and I’ve been less than impressed with most of them). The other option is that the cut was rated a little low due to it being borderline in some way, which I find hard to believe.

I only have a day left in town, so any advice you could provide would be greatly appreciated. I also haven’t bargained with the proprietor much, and that’s pretty common here–what would be a truly fair price for the stone as it is right now? Of course, if you believe I’m barking up the entirely wrong tree, point me to the right one.

Glad I decided to pass before I got your email! You were pretty adamant on the cut quality being there in your email and articles, so I decided to take your word. I don’t have the dimensions of the stone I was looking at in front of me, but I think you’re right – the “excellent” stone from JA has larger dimensions…

Thanks for steering me the right way; I’ll be sure to touch base with you again when I get back to the States and have a chance to look at some more GIA diamonds in person. I’m continuing to read your articles and get smarter about this process for later on.

Thanks again!

I’m back – have finally had a chance to look at what my girlfriend likes and have an idea of where to start at least. The ring she’s interested in is linked below:

http://www.turgeonraine.com/detail.asp?pid=1032

I hadn’t been looking at anything except round diamonds before so I’m trying to get a handle on this area. I’m also finding out the proportions of the CZ that’s in the linked picture; will advise when I have that info. She seemed to be picking things with approximately a 1.5 ratio. Right now I’m thinking 0.95-1.49 carats, VS2-SI2 clarity, F-H color. My budget is still $6-8k for the diamond. Any ideas you could give me would be excellent – I appreciate your help.

Ira, thanks for the quick reply! You’re right; I was just talking to my friends about how lucky we were to get out of Manama when we did…

My apologies on not mentioning the actual cut – she’s liking the look of an oval now. Any ideas? Thanks again!

Thanks for getting back to me so quickly as usual. I’ve got an email in to JA to inspect the first diamond for eye cleanliness; I agree, the quality of the picture isn’t as good and I wonder how much it will really “pop” and scintillate based on that picture.

I had seen the second one but wondered a little about the lower color grade (we’re debating 18k white gold or platinum; my girlfriend is leaning more towards the white gold now) and the inclusions on the right side of the picture. The facet pattern seemed a little odd to me on this one as well, somehow; the clouds of reflections on the sides of the diamond seemed a little off-putting, but what do I know?

We both really like the last one you picked; I think that’s a winner. We’ll talk about it some more and I will definitely let you know how it all turns out. Thanks again for all your expertise and help – you’re truly one of a kind.