Q&A: Looking for Eye Clean Round Brilliant Over 2 carats for Under $20,000

I’m so sorry I didn’t get back to you sooner. My mother and in-laws are both visiting us now in Israel and life has been a little crazy.

Would you mind telling me your budget? This would help me greatly. This way I can tell you the best Princess and Round you can get for your budget and then it will be a lot easier to decide between the two.

I look forward to hearing from you!

I think your revised priorities are right on track.  I would recommend you get an H or I color stone with SI2 clarity that I will verify to be eye-clean.  As you mentioned, you should definitely stick to ideal/excellent cut grades.

It seems like you can get a stone in this quality range clearly under $20K at 2.5cts.  That’s a significant and noticeable bump from 2cts.  If you wanted to get a full 3 cts, that would probably be around $25,000.

If I find a stone for you here in Israel, I could probably also get it set in something very basic for you to propose with, unless you already know exactly what she wants, in which case it might be better if you get it set yourself.

If you compare these prices with what you find on James Allen right now, you’ll see it’s basically the same.  Let me find a few actual stones and give you real prices, and then it will be much easier to compare.  I’m almost always able to beat the prices online, it’s just a matter of finding the right stone.

If I can’t beat the prices, then I’ll definitely let you know and help you pick the best stone online.

……

I wasn’t able to find a lot today, but I did manage to spot a very nice 2.51 I SI1 GIA certified Excellent Cut VG/VG Pol/Sym.  Your price on the stone would be 18,222.

That’s a good example of how I can be cheaper than the stores online.  Let me know if you’d like me to pursue this one further.  I can get you a scan of the certificate tomorrow and possibly even a photo of the diamond.

I just checked for you and while I don’t have any specific stones now that I’m seeing, I have a feel for the price range, and it’s going to be way out of your budget.  An excellent cut H VS2 2.50 carat stone is going to be around 30,000.

But I honestly don’t believe there’s any added benefit to going that high in clarity.  If I find you an eye-clean SI2, it’s going to look exactly the same to your eye, but feel a lot different to your wallet.

……

Actually, I just saw a 2.62 H VS2 triple excellent for 28750.  It’s still significantly over your budget, but I did want to let you know about it anyway.

……

So here’s what I accomplished today. The I SI1 from yesterday is no good. IT has a black inclusion in the center that’s eye-visible.

I found two new stones today. Attached are their certs.

One is a 2.52 I IS1, and one is a 2.62 I SI2. Both triple excellent GIA. Both gorgeous stones with very nice translucent/whiteish inclusions that are totally eye clean. They both look totally white face-up. They are two killer stones. I also managed to get a picture of them both. But honestly, they’re both so nice and eye clean, that you can’t really tell them apart in the picture.

The price for the SI1 is 20,000 even. The price for the SI2 is 18500.

Cert of 2.52ct Stone

2.52ct & 2.62ct Diamonds

Cert of 2.62ct Stone

2.62ct & 2.52ct Diamonds

Triple Excellent means that GIA gave the diamond the highest grade possible for Polish, Symmetry, and Cut.   Basically, it means the cut on the diamond is as good as it can be.  It’s top quality.

One thing I forgot to mention – the two stones were switched between the two pictures 🙂 The stone on the right in both pictures was simply facing the camera more directly, that’s why you were able to see the H&A patterns easier. I actually think you should go for the 2.62. There’s one more stone that a vendor here in the bourse is returning from Hong Kong that is due to arrive today. I want to examine that stone first, and then we should make a decision. I very much appreciate your trust, and I want to make sure we get the best stone for you for the money.

Getting a simple setting shouldn’t be a problem, either. There might be one small issue with it, though. I’ll get back to that in a second.

The way it works when I broker stones for people in Israel is the customer wires money to my friend’s company. You can take a look at their site. www.fancydiamonds.net. Maybe while you’re there, see if anything they have looks interesting to you. They specialize in fancy color diamonds. (ie. this stone http://www.fancydiamonds.net/view_diamonds/3483.htm is 3.19 carats fancy yellow cushion cut for just under $20k) Since only official members of the Israel diamond bourse can buy and sell, they handle my transactions for me (and take a fee, of course). I’ll send you the wiring instructions when you’re ready.

The issue is that it’s very hard to get wholesale trading companies to agree to allow a return. All transactions in the bourse are final once the traditional “mazal u’vracha” (hebrew for “luck and blessing”) has been said and a handshake given. So asking a vendor to allow a return for up to a week or two is usually like pulling teeth. Getting it is difficult but usually not a problem, but it’s generally not more than a week or two. So having the stone set will simply take another day or two out of that window for you. I’ll leave that decision up to you.

So I’ll get back to you as soon as I’ve seen the new stone. Let me know if you have any more questions.

The HK stone won’t arrive until Sunday as it turns out. Do you have time to wait?

Great. I’ll get back to you then.  Enjoy your long weekend!

Sorry about the delay. The company claims it had issues with Israeli customs when it was shipped back from HK. Give me tomorrow – if they don’t deliver, then its clear they’re playing games. I’ll give you an answer either way tomorrow.

…….

Ok, got some good info for you today.

The 2.51 we spoke about is finally in. The good news is that this SI1 is cheaper than the other one. This one’s 18,700 vs. 20,000 for the other one. The bad news is that the SI1 is a small black spot in the center of the stone. With a jewelers loupe you see it right away, but with the naked eye, you don’t see it right away. It’s the kind of thing where if you held the stone up to the light and looked at it very closely, you’d be able to spot it after 10 seconds or so. So you’ll have to decide for yourself whether this will bother you (and your fiance) or not. My wife’s diamond has a similar spot, and she never noticed it.

I also found for you a 2.31 I SI1. This one also has a great price, but also has a blackish inclusion in the center. But this one is even more faint than the other (and likewise harder to see). This one costs $16,500. That’s a really great price.

I also found a 2.28 H SI1. Price on this one is 19,200. The SI1 on this stone is perfect. The only downside to this stone is that it’s a VG cut, but face up it really looks beautiful. It’s very very hard to notice any real difference in sparkle.

The certs and pics of the stones are attached. The 2.51 is in both of the pics.

In my opinion, the 2.31 is the best deal out of any of these. The stone has Medium blue fluorescence which actually makes the I look a tiny bit whiter. There’s no discernable difference in color between the I with the Medium Fluorescence and the 2.28 H Color. From 12 inches away, the stone is eye clean. I just think you’re getting more for your money vs. the other four stones we’ve discussed. Even though it’s 20 points lighter than the 2.51, it’s only 0.09mm smaller in diameter. That difference in size isn’t even perceptible to the naked eye, so it really looks like a full 2.5 ct stone.

I look forward to hearing from you!

2.51ct & 2.28ct Diamonds

Cert of 2.28ct Diamond

2.51ct & 2.31ct Diamonds

Cert of 2.51ct Diamond

Cert of 2.31ct

About the fluorescence: there’s absolutely no milkiness/cloudiness in that stone.  Med fluorescence on an I color will never be milky.  I actually recommend specifically seeking out this combination in my article about Fluorescence (/education/fluorescence/ – see the “bottom line recommendation”)

It’s true the 2.62 is a great stone, but i’m not sure it’s worth $2000 more.  The cut (which is most important) is just as nice on the 2.31.  The color on the 2.31 is slightly better due to the fluorescence.  And both are clean to the naked eye.  And remember, the 2.31 is an SI1 whereas the 2.62 is an SI2.  So the cheaper price is really significantly cheaper.  If both were SI2s, then you could understand the price difference would be related to the size.  If the underlying price level were the same, then the 2.31 should be about the same price as the 2.62 because it’s an SI1 and the 2.62 is an SI2, but it’s still $2000 cheaper.  It’s just a significantly better value.

There’s one more issue.  The vendor that owns the 2.62 is a very rigid company. They have the largest inventory in the Israel market for large excellent cut GIA certified stones.  Their business model is that they ask high prices and wait for the right customer.  That’s why the prices last week were just OK.   But it might also be an issue with them to guarantee a certain amount of time to allow you to return the stone.  Since all transactions in the Israel diamond bourse are final wholesale transactions between dealers, we need to request a special exception in your case to allow you to return the stone.  I can’t take the risk of owning the stone myself.

The owner of the 2.31 is just a regular company looking to move their merchandise at a price they’re comfortable with.  They like to turn their inventory as fast as possible (unlike the owner of the 2.62 who is much more patient).  So it wont’ be a problem getting them to agree to a return period.

Let me know what you’d like to do!  The quicker you decide, the better the odds they won’t be sold to someone else.

I think that’s the best choice.  You can pay by credit card via google checkout or paypal, but we’d have to add on about 5% to cover the expenses.  The best option is to send a wire transfer.  See the attached file for instructions.

If you send the wire today (tomorrow for you – Wednesday), then we’ll have it on Thursday and ship it then.  In that case, you’ll have it on Friday.

Let me know if you have any questions!

That should work fine.  Can you get the wire out today so we can arrange the shipment tomorrow?  The diamond bourse is closed on Friday (not because it’s 1/1 – it’s closed every Friday), so the next available day to ship would be Sunday (it’s opened Sunday – Thursday.  Sunday is a regular work day in Israel).

I emailed Yossi Polnauer, CEO of Leibish Fancy Diamonds, requesting him to send you an invoice for 8662.50.  He just got back to me quickly that he prefers Google Checkout.  It works the same way.  Let me know if it’s a problem.

Great to hear! I knew you’d love it. I’d love to hear how the ring turns out.