For the record, I meant no disrespect to David or DBL or the quality of their merchandise or service. What I was trying to ask was whether anyone here has ever regretted going without a GIA report. (I've also been Googling around to try to find out if not getting a GIA report could somehow affect one's ability to insure a ring, but I guess that's a question for an insurance company...this is how much of a novice I am, everyone. )
Anyway, the truth is, I really love the pieces here, enough that I don't really care what kind of paperwork comes with them.
Hi Uni- not only am I not insulted, I'm thrilled with your post! And thank you to Squig, OMC, Bloocat, Dovie, and of course LC
I love the thread because it contains some VERY important tips for consumers
Of course you've already gotten some spot on advise about insurance and such.
In fact, a detailed bill of sale may be enough for insurance. But check with your insurance agent- I've never heard of a requirement that there be GIA report to obtain insurance.
Hopefully no one here has had the experience of learning when to make sure to get a diamond with a GIA report...too late.
Let's talk generalities: If someone is buying a 1ct diamond for $8k, it would be very foolish NOT to buy a diamond that's been graded by GIA- and comes with a GIA report.
if someone is spending $2k on a one carat, different rules apply.
In both cases it's vital to make sure the seller is trustworthy.
In the case of the $2000 one carat stone a good seller will be very upfront about the fact there's aspects about this diamond that make it less valuable.
Color, clarity, cut- possible damage, irradiation or laser treatments.
The buyer, in this case, makes an informed decision- as opposed to someone being led to believe they are in fact buying a J/SI1 when they are buying a $2000 J/SI1 "certified" by EGL. Which could easily by the same L/I1 being honestly represented for $2000 without a GIA report.
I still think the second seller is offering a far better deal- of only due to the honestly of the seller
Maybe a .50ct GIA graded G/SI1 is a better fit than an 1.00ct L/I1 for a given buyer with $2k to spend.
Maybe a nice looking L/I1 is perfect for another buyer.
But in either case, an informed buyer is way better off.
As far as R948 specifically:
This is one of the most "historical" DBL items, manufactured in May 2005.
Never sold and traded back, it's been here.We watered it, and put it in the sun, but it's still the same size.
On the other hand she's just as beautiful as the day we made her.
I bought the stone because I loved them- and they were very unusual. You see more cushions today.
I think that, in retrospect, I probably paid a 2011 price back in 2005- which might be why she's here now.
Nonetheless, we bought the stones from a trusted cutter- and immediately set about manufacturing the ring.
We rarely send side stones to the GIA- so if we ha sent any, it would have been the center.
I wanted to see the ring, so we didn't send the center off to GIA.
Great point made by Dovesgate about being careful having stones removed.
In this case, if someone really wanted the GIA, we'd be able to safely remove and replace the center so you could never tell it had been out of the ring.
But the other point in Dove's post about GIA taking their time? MAN- they will take a month if you let them.
How can you not "let" them?
I would not recommend walking in with a large, menacing Pit Bull- for one thing, they probably would not be intimidated behind their bulletproof glass ( Sissies)
ON the positive side, the NYC police are very polite, and the plastic handcuffs are really not painful.
Seriously- these people really do take their time:)