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My Antwerp diamond experience and advice on price please!



 
 
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  #1  
Old May 25th 04, 04:11 AM
simon3000
external usenet poster
 
Posts: n/a
Default My Antwerp diamond experience and advice on price please!

Dear Guys,

I wondered if any knowledgeable person could give me any indication on
what they felt the likely "fair" retail value of the diamond below
would be?

Although the answer is fairly academic now because I've bought it (for
4000 euros including the 18ct white gold ring and setting, which is
approximately US$4800) I do have a feeling that I paid significantly
over the odds altough at the end of the day I'm happy because my
fiance chose it and absolutely loves it, I think the ring looks great
too. Nevertheless, I would like to know the extent to which I overpaid
– just for the learning experience.

The specs of the diamond a

IGI certificate
Shape & Cut: Round brilliant
Weight: 1.00 carat
Measurements: 5.92 – 6.04 x 4.11mm
Clarity: VS1
colour: I
Fluorescence: None

Polish & Symmetry: Good
Proportions: Fair
Table diameter: 59%
Crown height 16%
Pavilion depth: 44%
Girdle thickness: SL. THICK TO THICK (FAC.)
Culet size: chipped


My experience:

We (my fiance and I) tried to read up about diamonds as much as we had
time to beforehand and had decided to look for a ring within a maximum
budget of US$5368 and meeting the following specs:
Clarity at least SI1 and colour at least I.

We wanted to go to Antwerp (we live in Oxford, UK) to enjoy the
process and the experience of a European trip and to see the ring set
and hopefully get better deal than available in the UK. My close
friend had been to a particular jeweller in Antwerp for his engagement
ring and recommended them highly as he was very happy with the ring he
bought and fet he received good service and a good deal.

So we booked a trip on the Eurostar train and spent a nice weekend in
Antwerp (Belgium) together. We visited the diamond district – I must
admit that it was really quite different from how I had envisaged it.
I had pictured it as being an upmarket area rather like Mayfair in
London or Beverly hills in LA full of plush diamond shops. In reality
it is a rather non-descript, dull, almost seedy area full of small
diamond shops with smooth-talking Jewish jewellers who act and sound
more like used car sales men than diamond merchants. Anyway, we
shopped around 3 or 4 shops before finally settling in the shop my
friend had recommended. In all of the shops I visited I definitely
felt the salemen were vey shady and could not trust anything they
said. I finally bought the diamond described below because my
girlfriend loved it and the salesguy was smooth. He took us across the
road to an upstairs workshop (via a vey dodgy looking building and a
litter-strewn lift) to watch the ring get resized and set.


Thanks for any advice you guys can provide.
Ads
  #2  
Old May 25th 04, 07:14 AM
Abrasha
external usenet poster
 
Posts: n/a
Default

simon3000 wrote:
=


So we booked a trip on the Eurostar train and spent a nice weekend in
Antwerp (Belgium) together. We visited the diamond district =96 I must
admit that it was really quite different from how I had envisaged it.
I had pictured it as being an upmarket area rather like Mayfair in
London or Beverly hills in LA full of plush diamond shops. In reality
it is a rather non-descript, dull, almost seedy area full of small
diamond shops with smooth-talking Jewish jewellers who act and sound
more like used car sales men than diamond merchants. =



Be carefull with comments like that! Might get your knee caps damaged in
some quarters.


BTW, I know the area well. It is around the Pelikaanstraat and Hoveniersraat,
where the world famous "Beurs voor Diamanthandel", "Antwerpsche
Diamantkring"and "Diamantclub van Antwerpen" are. My uncle used to have a
small shop on the Pelikaanstraat across the street from the railway station.
He would not have taken your antisemitic comment litely, and if you woyuld have
had the balls to say it in his store thrown you out the door, ... if you were
lucky.

Anyway, we
shopped around 3 or 4 shops before finally settling in the shop my
friend had recommended. In all of the shops I visited I definitely
felt the salemen were vey shady and could not trust anything they
said. =



So why did you not take your money and leave?

I finally bought the diamond described below because my
girlfriend loved it and the salesguy was smooth. =



Why don't you visit my shop, if you are ever in San Francisco. I am most
definitely not smooth. I am Jewish however.

He took us across the
road to an upstairs workshop (via a vey dodgy looking building and a
litter-strewn lift) to watch the ring get resized and set.
=


Thanks for any advice you guys can provide.


My advice to you, is to lay off your antisemitic prejudices and learn to
trust your instincts. If you don't trust what is going on, ... leave. Next
time, buy from an honest Christian salesman.

Abrasha
http://www.abrasha.com
  #3  
Old May 25th 04, 10:00 AM
Heinrich Butschal
external usenet poster
 
Posts: n/a
Default

Abrasha wrote:

....

So we booked a trip on the Eurostar train and spent a nice weekend in
Antwerp (Belgium) together. We visited the diamond district =3D96 I mus=

t
admit that it was really quite different from how I had envisaged it.
I had pictured it as being an upmarket area rather like Mayfair in
London or Beverly hills in LA full of plush diamond shops. In reality
it is a rather non-descript, dull, almost seedy area full of small
diamond shops with smooth-talking Jewish jewellers who act and sound
more like used car sales men than diamond merchants. =3D


.....

BTW, I know the area well. It is around the Pelikaanstraat and Hovenie=

rsraat,
where the world famous "Beurs voor Diamanthandel", "Antwerpsche
Diamantkring"and "Diamantclub van Antwerpen" are. =20


Hi Abrasha,
I know this region also very well. For a tourist which is not prepared=20
it must seem strange. Most of the people expect rather an aluminium and=20
glass tower than this.
I think it=B4s something traditional (inspite it=B4s working) and in=20
touristic value it=B4s comparable with bavarian beer gardens, arabic=20
medinas or bangkok swimming market.

Best wishes,
Heinrich Butschal

--=20
www.juwelen.online-boerse.org
www.meister-atelier.de
www.schmuckfabrik.de
www.medico.butschal.de
  #4  
Old May 26th 04, 02:12 AM
Jim Redden
external usenet poster
 
Posts: n/a
Default

Sorry to interject here, BUT!

I spent 10 years in the navy, and I purchased my ex-wifes diamond when I was
in Isreal, I found the salesmen to be very friendly/informative/ and
helpfull, even to the point of going to another store with me when I
couldn't make up my mind and it was not a store that they picked. to be
honest the salesman at the store I looked at did the haggling in the store I
bought from and he was screaming at the other salesman that I was an
american sailor and they should drop the price for all we did for them. I
was embrassed, but what a ring I got!
And a final note after 24 days there I found the jewish people to be a very
friendly and warm people,and I do have a wonderfull half jewish 17 yo
daugther living in Hifa Isreal!

Jim Redden
J.Redden Design


"simon3000" wrote in message
...
Dear Guys,

I wondered if any knowledgeable person could give me any indication on
what they felt the likely "fair" retail value of the diamond below
would be?

Although the answer is fairly academic now because I've bought it (for
4000 euros including the 18ct white gold ring and setting, which is
approximately US$4800) I do have a feeling that I paid significantly
over the odds altough at the end of the day I'm happy because my
fiance chose it and absolutely loves it, I think the ring looks great
too. Nevertheless, I would like to know the extent to which I overpaid
- just for the learning experience.

The specs of the diamond a

IGI certificate
Shape & Cut: Round brilliant
Weight: 1.00 carat
Measurements: 5.92 - 6.04 x 4.11mm
Clarity: VS1
colour: I
Fluorescence: None

Polish & Symmetry: Good
Proportions: Fair
Table diameter: 59%
Crown height 16%
Pavilion depth: 44%
Girdle thickness: SL. THICK TO THICK (FAC.)
Culet size: chipped


My experience:

We (my fiance and I) tried to read up about diamonds as much as we had
time to beforehand and had decided to look for a ring within a maximum
budget of US$5368 and meeting the following specs:
Clarity at least SI1 and colour at least I.

We wanted to go to Antwerp (we live in Oxford, UK) to enjoy the
process and the experience of a European trip and to see the ring set
and hopefully get better deal than available in the UK. My close
friend had been to a particular jeweller in Antwerp for his engagement
ring and recommended them highly as he was very happy with the ring he
bought and fet he received good service and a good deal.

So we booked a trip on the Eurostar train and spent a nice weekend in
Antwerp (Belgium) together. We visited the diamond district - I must
admit that it was really quite different from how I had envisaged it.
I had pictured it as being an upmarket area rather like Mayfair in
London or Beverly hills in LA full of plush diamond shops. In reality
it is a rather non-descript, dull, almost seedy area full of small
diamond shops with smooth-talking Jewish jewellers who act and sound
more like used car sales men than diamond merchants. Anyway, we
shopped around 3 or 4 shops before finally settling in the shop my
friend had recommended. In all of the shops I visited I definitely
felt the salemen were vey shady and could not trust anything they
said. I finally bought the diamond described below because my
girlfriend loved it and the salesguy was smooth. He took us across the
road to an upstairs workshop (via a vey dodgy looking building and a
litter-strewn lift) to watch the ring get resized and set.


Thanks for any advice you guys can provide.


  #5  
Old May 26th 04, 02:12 AM
simon3000
external usenet poster
 
Posts: n/a
Default

Hi Abrash,

My comments were not meant to be antisemitic in any way whatsoever - I
was only using the word Jewish as a description of the jewellers
because thats what they all were - the fact that they seemed like car
sales men was nothing to do wth being jewish but rather a function of
the area and local culture amongst jewellersin that region i imagine


simon

Abrasha wrote in message
. ..
simon3000 wrote:
=


So we booked a trip on the Eurostar train and spent a nice weekend in
Antwerp (Belgium) together. We visited the diamond district =96 I must
admit that it was really quite different from how I had envisaged it.
I had pictured it as being an upmarket area rather like Mayfair in
London or Beverly hills in LA full of plush diamond shops. In reality
it is a rather non-descript, dull, almost seedy area full of small
diamond shops with smooth-talking Jewish jewellers who act and sound
more like used car sales men than diamond merchants. =



Be carefull with comments like that! Might get your knee caps damaged in
some quarters.


BTW, I know the area well. It is around the Pelikaanstraat and Hoveniersraat,
where the world famous "Beurs voor Diamanthandel", "Antwerpsche
Diamantkring"and "Diamantclub van Antwerpen" are. My uncle used to have a
small shop on the Pelikaanstraat across the street from the railway station.
He would not have taken your antisemitic comment litely, and if you woyuld have
had the balls to say it in his store thrown you out the door, ... if you were
lucky.

Anyway, we
shopped around 3 or 4 shops before finally settling in the shop my
friend had recommended. In all of the shops I visited I definitely
felt the salemen were vey shady and could not trust anything they
said. =



So why did you not take your money and leave?

I finally bought the diamond described below because my
girlfriend loved it and the salesguy was smooth. =



Why don't you visit my shop, if you are ever in San Francisco. I am most
definitely not smooth. I am Jewish however.

He took us across the
road to an upstairs workshop (via a vey dodgy looking building and a
litter-strewn lift) to watch the ring get resized and set.
=


Thanks for any advice you guys can provide.


My advice to you, is to lay off your antisemitic prejudices and learn to
trust your instincts. If you don't trust what is going on, ... leave. Next
time, buy from an honest Christian salesman.

Abrasha
http://www.abrasha.com

  #6  
Old May 26th 04, 02:12 AM
NE333RO
external usenet poster
 
Posts: n/a
Default

BTW, I know the area well. It is around the Pelikaanstraat and
Hoveniersraat,
where the world famous "Beurs voor Diamanthandel", "Antwerpsche
Diamantkring"and "Diamantclub van Antwerpen" are. My uncle used to have a
small shop on the Pelikaanstraat across the street from the railway station.
He would not have taken your antisemitic comment litely, and if you woyuld
have
had the balls to say it in his store thrown you out the door, ... if you were
lucky.


I heard nothing anti-Semitic in those comments. Was he wrong about the
jewelers in the area being mainly Jewish, or did you take offense at his
describing them as being "smooth-talking" like "used car salesmen"? The
comments sounded naive to me at worst. My impression was that he expected the
mall with their typical unknowledgable counter help, and got backstreet stores
with jewelry salesmen.
  #7  
Old May 26th 04, 06:54 AM
Georgia
external usenet poster
 
Posts: n/a
Default

Isn't their religion irrelevant? If they were Protestants or Catholics,
would it have been worth mentioning?

Georgia

"NE333RO" wrote in message
...

I heard nothing anti-Semitic in those comments. Was he wrong about the
jewelers in the area being mainly Jewish, or did you take offense at his
describing them as being "smooth-talking" like "used car salesmen"? The
comments sounded naive to me at worst. My impression was that he expected

the
mall with their typical unknowledgable counter help, and got backstreet

stores
with jewelry salesmen.


  #8  
Old May 27th 04, 03:31 AM
m4816k
external usenet poster
 
Posts: n/a
Default

"simon3000" wrote in message
...
Dear Guys,

I wondered if any knowledgeable person could give me any indication on
what they felt the likely "fair" retail value of the diamond below
would be?

{snip}

The specs of the diamond a

IGI certificate
Shape & Cut: Round brilliant
Weight: 1.00 carat
Measurements: 5.92 - 6.04 x 4.11mm
Clarity: VS1
colour: I
Fluorescence: None

Polish & Symmetry: Good
Proportions: Fair
Table diameter: 59%
Crown height 16%
Pavilion depth: 44%
Girdle thickness: SL. THICK TO THICK (FAC.)
Culet size: chipped

{snip}


Thanks for any advice you guys can provide.


Am no expert whatsoever, so I can't tell you if you've paid too much, but I
can tell you this. I've learned a lot about diamonds, gems, gold, silver...
reading online articles or asking questions here, so I think that a bit of
net browsing for some useful articles, can't hurt, especially prior spending
thousands of euros/dollars. Reading the specs you have provided even I as a
layman found some things that could be better, but am not sure if they're
supposed to be better in that price range.

1. The stone is too deep. Depth (by my knowledge) shouldn't go beyond 64% of
round stones' diameter, and in your case it's 68,04 - 69,42%. This can
darken the stone or make it somewhat dull and minimize it's optical
characteristics.
2. If I'm not mistaken, flourescence isn't a bad thing when it comes to
diamonds, since it can sometimes help determining the stones authenticity.
3. Proportions are only fair, and they can seriously affect the stones
brilliance and "fire".
4. Table diameter should be between 52 and 58%.
5. Girdle thickness should be thin to sllightly thick.

As I said, these are the possible flaws of a stone, but don't know if you
could find one without them for a same price. Hope this helps.

Marijan from Croatia


  #9  
Old May 27th 04, 03:31 AM
arnold
external usenet poster
 
Posts: n/a
Default

NE333RO wrote:



I heard nothing anti-Semitic in those comments.


I did.

--

arnold


  #10  
Old May 27th 04, 04:56 AM
Peter W. Rowe
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Posts: n/a
Default

On Wed, 26 May 2004 19:31:08 -0700, in rec.crafts.jewelry "m4816k"
wrote:

Weight: 1.00 carat
Measurements: 5.92 - 6.04 x 4.11mm
Clarity: VS1
colour: I
Fluorescence: None

Polish & Symmetry: Good
Proportions: Fair
Table diameter: 59%
Crown height 16%
Pavilion depth: 44%
Girdle thickness: SL. THICK TO THICK (FAC.)
Culet size: chipped

{snip}


Thanks for any advice you guys can provide.



1. The stone is too deep. Depth (by my knowledge) shouldn't go beyond 64% of
round stones' diameter, and in your case it's 68,04 - 69,42%. This can
darken the stone or make it somewhat dull and minimize it's optical
characteristics.


The measurements given are a little odd. It's possible there was a measurment
error in the depth, or in the listed crown and pavilion height/depth figures
listed. If not, and they numbers you give are accurate, then the crown height
and pavilion depth listed are both decent, though the pavilion is a little
deep, and the crown a bit high for the given table diameter. But not extremely
so. However, those add up to only 60 percent. That means this stone has an
8-9 percent girdle, which is quite a bit thicker than desired. However, the
effect of that is not on the brilliance. Rather it means you got a one carat
stone that has the diameter of one a bit lighter. A well cut one carat diamond
should have been about 6.4 mm in diameter, while yours is a little smaller,
with the difference in weight being in that thick girdle. On the other hand,
at least it's pretty certain you're not likely to ever accidentally chip that
girdle from it's being too thin, and since it's facetted, it's not likely to be
unattractive. Some setting styles will be a little more difficult for the
setter to deal with that girdle, or might make the stone look noticably thick
or lumpy to some people, but on the whole, I'd guess that this is a
reasonably attractively cut stone, though not an ideal cut one. No worse,
certainly, than the bulk of commercially cut diamonds, and quite a bit better
than some in terms of the "face up" appearance. Now, you DID pay for that one
carat weight, and could have gotton that same face up size with a diamond
weighing more like. .90 ct. But the price you paid is not too bad or out of
line for a retail sale in a mounting.

The pavilion depth, at 44 percent, is slightly deep. This may be the single
most important measurement for overall brilliance, and at 44 percent, you'll
find the reflection of the table, a dark zone in the center of the stone, to be
slightly larger than ideal, but not so much so as to be unattractive or
especially noticable. The crown height would be ideal if the table were
smaller, but at a 59 percent table, this means the crown angles are a little
high. To my view, that's far preferable to one with the more common flaw,
crown angles that are too shallow. the slightly high crown angles will give
you very nice fire (the spectral flashes of colored light), at the expense of a
little bit of brilliance (overall reflection), and the higher crown angles may
look, to some people, a little bit top heavy. But personally, I don't mind it
so much. It also makes the stone less liable to damage in wear. As with the
pavillion, it it's the ideal, but i'd guess it's quite attractive anyway.


2. If I'm not mistaken, flourescence isn't a bad thing when it comes to
diamonds, since it can sometimes help determining the stones authenticity.


Many diamonds are not fluorescent, and a fair number of others are. Usually,
it has little effect on the beauty of the stone. If it's extremely strong, it
can make a stone look a little greasy in sunlight. And it can be very
interesting in a disco. Mostly, it's just a feature of interest to the
gemologist, who can use it to help verify it's identity. In most cases,
fluorescence if present has no practical effect for the user. And if it's not
there, that also has little effect, although the marketplace will sometimes
place a higher value on a stone without fluorescence, more for the historical
reason that during the early 80s especially, when diamonds were widely touted
as investment vehicles, they were bought and sold more by the data on a cert
than by actually looking at the stones, and the bankers and traders who managed
thusly to jack up the prices of fine diamonds, bought and sold the things
according the certs without, often, actually really understanding what the
importance of the various data were. So it came to be that anything listed on
the cert was assumed to be a negative, be it a lower clarity grade, comment in
the comment field, or fluorescence. We're stuck now with that heritage in the
market, even though for most stones, fluorescence is immaterial.

3. Proportions are only fair, and they can seriously affect the stones
brilliance and "fire".


A true statement. But in this case, though I'd have to see it to be sure, I'm
going to guess that it's likely to be a reasonalby good looking stone on both
accounts.

4. Table diameter should be between 52 and 58%.
5. Girdle thickness should be thin to sllightly thick.


True again, for an ideal. But there are more than a few people who actually
prefer a table closer to 60 percent. It's not the mathematical ideal, and it
tends to make the center of the stone look different from the periphery, but
that's somewhat a matter of taste. At 59 percent, that's not a bad table
diameter. the main thing is that with that figure, the 16 percent crown hight
is slightly higher than it should be, and the usual effect of a larger table is
somewhat counterbalanced by the higher crown, so again, I'd guess this is a
good looking stone. Normally, a larger table means more brillinace
(reflectivity), at the expense of fire (spectral colored light reflections) and
scintillation (the sense of "movement" as the stone or the viewers eye moves
around). But the higher crown accentuates both fire and scintillation. So
likely, the result is going to look OK. The main thing is that it adds weight
in the vertical dimension of the stone, as does the slightly deep pavilion and
decidedly thick girdle. So the main problem with the stones dimensions is that
one is paying for a one carat sized stone, but getting the diameter look of one
slightly smaller.

As to price, well, looking at internet sellers, some of whom are typically well
below average retail store prices, I find one carat diamonds, with certs, in
VS1, I, quality (not worrying about cutting) in a range of from about 3300 to
4800, all from one seller who I think is among the significantly cheaper
sources out there, though he's selling to the retail public, not truely
wholesale. That's for a stone paid by cash wire transfer prior to shipping
the stone, and does not include a mounting, or shipping, or sales tax, etc..
All told, if you paid around 4800 U.S. then I don't think you did badly at all.
Could you have paid less? Sure. But I don't think you got "taken" at all.
Most fine retail jewelery stores would have charged you as much, or likely, a
good deal more. And some fine and reputable stores would have charged you
substantially more. Maybe by a lot. Who knows. Diamonds these days can vary
a lot at the retail level. Some internet sellers charge as little as ten or
fifteen percent markup (my friend, who's site I checked), while other sellers,
high line retail stores with a fancy reputation, might charge retail markups of
as much as three times the wholesale cost. There are many variables in a
diamond sale that change what a reasonable markup would be. All told, I don't
think you did too badly.

Don't worry too much about whether you paid the best price or not. You paid,
or it seems to me from what little i can glean from your post, a reasonable
price, not one to be too alarmed about, nor one to stand on the rooftops and
boast about. OK, well and done. The really important thing is that you and
your fiance like the stone. If that's true, then the price is less important.

Peter Rowe
your humble moderator,
and an old graduate gemologist too...

 




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