Im an idiot!
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Thread: Im an idiot!

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  1. #1

    Oct 2013
    fort myers fl
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    All Types Of Treasure Hunting

    I'm an idiot!

    After doing this for a couple years, I did a huge rookie mistake today. I got all excited and negotiated with the person down from $800, paying $500 and did an idiot move. I want to puke just looking at it. I'll find out on Monday how bad the damage is...

    Lady had a bunch of diamond rings. This was from a callback I've been working on for a while. I don't know if I should say something to her or just Kinda see what I can do with it I don't know. But I ended up buying a 14 K ring with a 1ct diamond for $500. I looked at the marking on the ring, I tested it it was good. Tested the diamond and it was real, measure the size of the diamond which is 1.03 ct. 11gr in weight. I drive home before I go inside I look at the stone through a loop. And it has two of the biggest chips in it I have ever seen... I nearly cried. I don't know if I can take a good picture. thank Goodness it had some gold weight so I won't completely eat $500.

    Anyone have any idea how much it cost to have a diamond recut and if it's worth it? Should I just sell the stone like it is and let someone else deal with it? Ugh. Stupid!!!


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  2. #2

    Jul 2014
    183
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    don't be too hard on yourself, a 1 ct. I2 should still go for good money. there are plenty of big diamond seekers who don't care about clarity.
    Drmad7 likes this.

  3. #3
    Charter Member
    us
    May 2014
    Oregon
    Minelab's CTX 3030, E-Trac & EQ800, Fisher F75LTD SE & F44, Whites MXT All PRO, Whites TRX Pointer & Shovel, Predator Tools Raptor hand digger & Ranger shovel. Grey Ghost Ultimate headphones.
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    Kid indicated it has chips... not inclusions (clarity issues). The best thing would be to have it reset so that the prongs cover the chips if possible. It also looks like an old mine cut diamond re-set onto a modern band which wont bring as high a price. Whats the worst that can happen? You may lose $200 max. It will be a lesson you will never forget and do again.

  4. #4

    Dec 2003
    Western Schuylkill County, Pa.
    2 MINELAB EXPLORER SE PRO's .......3 Garrett Pro Pointers…… Sovereign XS-2 Pro ....... 2 Sovereign GT's
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    if you keep it long enough the weight of the gold may make you a profit.

    My prediction by Mid 2017 gold will be pushing $2000

    I personally am of the Belief Diamonds aren't worth anything anyway
    Last edited by jeff of pa; Sep 10, 2016 at 08:10 AM.

  5. #5
    us
    Feb 2010
    Formerly NH now East Tennessee
    Garrett GtaX1250
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    Why would you say something to her ? Do you feel that she owes you a refund ? You win some and you lose some. If that ring turned out to be worth several thousand dollars would you feel obligated to go back & give her some more money ? My apologies but it's my opinion that you should just suck it up to experience and look more closely before you make offers in the future.
    Live Free or Die

  6. #6
    Charter Member
    us
    WP

    Mar 2014
    Dallas,GA
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    ...It still doesn't sound like you did too bad. I would try to sell it as is! I've been able to sell some pretty crummy diamonds in the past. There is someone that would pay 600 or more just to have a 1 ct. Sometimes they don't even care about a little damage. or clarity.
    Last edited by Nitric; Sep 10, 2016 at 09:01 AM.
    Drmad7 and tamrock like this.

  7. #7
    us
    Feb 2014
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    Where are the chips? If they're on the girdle, the best bet would be to bezel set it. To have it recut, you assume all risk, and there are no guarantees. A reputable cutter will charge $500+. Finding one is a challenge in itself.

    As jochart says the stone still has value. Yesterdays RAP price for an I2/I was $2200 per carat for 1.00 to 1.49 carat stones & $1700 for stones weighing .90 to .99 carats. Stones are trading at 50-60% of RAP, so you should still come out on top.

  8. #8
    um
    Jul 2004
    South Florida Cesspool
    Tesoro Sand Shark, Whites M6
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    Quote Originally Posted by jeff of pa View Post
    if you keep it long enough the weight of the gold may make you a profit.

    My prediction by Mid 2017 gold will be pushing $2000

    I personally am of the Belief Diamonds aren't worth anything anyway
    I sure hope your prediction is correct. I'm sort of with you there on the diamonds. I think they are way over rated and over valued myself. I won't buy jewelry based on a diamond alone, I'm not versed enough to tell the difference between grades.

  9. #9

    Oct 2013
    fort myers fl
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    Quote Originally Posted by diggummup View Post
    I sure hope your prediction is correct. I'm sort of with you there on the diamonds. I think they are way over rated and over valued myself. I won't buy jewelry based on a diamond alone, I'm not versed enough to tell the difference between grades.
    I think after this experience I'm just not even going to buy any. Unless it comes in a bag at a yard sale for a dollar. I'm just gonna pass and keep my money in my pocket from now on.

    Also yes it's chips right around where it sets in the bezel where the prongs are.

  10. #10
    us
    May 2012
    FL
    white's BeachHunter 300/DFX
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    Don't know if it would be worth it or not but I go to a place in North Carolina that there is a guy there Jerry call that used to cut stones for Tiffany's and some other famous people it might be worth to give them a call if you think the stone would be worth re-cutting The last time I was there he sold the business but still stays on to show people how to cut stones here's a link http://www.riodoce.com

  11. #11

    Oct 2013
    fort myers fl
    4,849
    4706 times
    All Types Of Treasure Hunting
    Awesome! Thank you very much! I have some family up that way too

 

 

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