Dec 212013

Yesterday I made a post about a diamond I saw while window shopping, a 12.01ct D IF diamond priced at 3.8 million USD.

14.69ct-D-Flawless-Diamond---GIA-Report-2155484852This morning I thought I would see what is available online, so I made a trip over to Blue Nile to use their search.  Turns out there is a much better deal at their website.  You can get a bigger diamond, higher clarity (flawless vs. internally flawless) for just about 1 million less!

Here are the specs of the diamond @ Blue Nile.

Carat: 14.69ct
Measurements: 15.68 x 15.81 x 9.83
Color: D
Clarity: Flawless
Cut: Excellent
Symmetry: Excellent
Polish: Excellent

If you want to make the payment via bank transfer, the price is only $2,885,770 – and the GIA report was issued on July 16, 2013 so you don’t have any concerns that the diamond may have been ‘previously enjoyed’ and the grade no longer holds.

I wonder what type of person actually buys stuff like this???  I’ve known a few rich people in my life but I’ve never met an end consumer who is in the market for diamonds like these…. lots of dreamers though.

The 14ct diamond for sale at Blue Nile is not owned by them, they are just the shopping cart.  The diamond is actually owned by a wholesaler out of New York.  Any wholesaler could buy the diamond direct, but Blue Nile gets incredibly good pricing so the difference is price is next to nothing.

Dec 202013

I often like to window shop at jewelry stores, just because I like the bling.  I don’t actually like going into jewelry stores, I feel very out of place and hate how they hover over you.  Or maybe I just look like trouble, so they stick close 😉

12.01ct-D-IF-DiamondAnyway, today I was walking in Central (Hong Kong) and spotted this little guy.  A 12.01ct D Internally Flawless diamond, darn no price listed.   I snapped this photo with my phone and sent it to gemologist friend and went on with my day.

Then I thought I am going to go back there and ask how much it is.  When I was leaving Central I stopped into the shop, they were very friendly and answered all my questions about the diamond.  I got the full specs, including the GIA report details (report #15782646).

Here are the specs:

Carat: 12.01ct
Measurements: 14.67 – 14.71 x 9.15
Color: D
Clarity: Internally Flawless (there is one grade higher than this, which is flawless)
Cut: Excellent
Symmetry: Excellent
Polish: Excellent

Their asking price is 30,208,700 Hong Kong Dollars, which is about 3.8 million USD.  If you are interested the shop is Chow Sang Sang @ 37 Queen’s Road, Central, Hong Kong.

Obviously an incredible stone, but I was surprised the GIA report is from 2008.  If I was dropping 3.8 million on a diamond I would want a current report.  Odds are very good this diamond has been ‘previously enjoyed’ and if it has suffered any damage at all since it was graded in 2008 then it would no longer hold the IF grade.

So if you stop in to buy it, make sure the purchase is contingent on the report being updated by the GIA and that it still holds the IF grade.