[Jewelry making - Article 00329] - Re: [Orchid] [Looking4] Reputable Diamond Vendor

[Dennis Loss]

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    Hello, One doesn't generally trade diamonds in to a third party,
    jewelers usually trade the customer for better upgraded goods in
    exchange for older cut, or chipped or just stones the client doesn't
    wnat.. Why not trade for them at an agreed upon price and sell her
    new smaller diamonds? It is pretty good deal for you both if you can
    come up with a price. One generally doesn't pay retail or even
    wholesale to the client when they trade in stones. 

    I am sure we can all have a long discussion on what would be a
    reasonable trade value. The point is that both of you can be happy.
    You can make something with the diamonds to make more money in a
    later project. 

    BUT don't trade for diamonds you won't use, crap is still crap no
    matter how cheap it is. There are lots of variables regarding the old
    diamonds values. Are they at all well cut? Are they chipped or burnt?
    What color and clarity are they? Etc. You need to know or decide on
    all of these issues before you offer her a value. [If they are
    chipped but good color you might consider trading and recutting for
    yourself]. 

    Generally, a diamond dealer isn't going to take in diamonds that are
    low quality, old or poor cuts. If, they agree to take these stones
    don't expect to receive more than 65% of wholesale for the stones at
    most. If this whole venture makes you uncomfortable and they are
    chipped or poorly cut, consider having them recut for her. Then you
    can design around the recut stones. It isn't very expensive to have
    done and of course she pays all of the costs plus insurance plus your
    markup. 

    There is [or was] a good diamond cutter in the Raleigh NC area, the
    name is Diamant Verbeist. His name is Dirk [I think]. I have had him
    cut stones in the past, he did a really great job. He will cut
    according to your desires, if possible or tell you what he can do.
    Usually one wants to keep the stone as big as possible but acheive a
    better cut, removing chips etc. Talk with him. 

Good luck. Dennis
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