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Re: [Orchid] White sapphire value  
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From: Richard Hart
Date: Fri Nov 30 02:05:26 2007
 
     
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So this is what I learned.

    I jumped to a conclusion based on 30 years of experience, but not
    with white sapphire that is G.I.A. certified as unheated. 

    I virtually shot my mouth off because I thought the "buy it now
    price" was ridiculous, and I was concerned that an unsuspecting 
person
    might think that the G.I.A. cert would influence someone thinking 
that
    the cert validated the price. There was a statement of comparison of
    white sapphire with diamond which I also did not think was
    appropriate. 

    Seems that a colorless sapphire of that size, well cut, and with a
    cert that it is unheated is a collector gem and it is worth about
    what the person is asking for it as a retail price, a little high, 
but
    he said it was negotiable. 

    I have been a G.G. for 30 years. I have a lot of experience with
    colored gems, and I could not see no way no how that a colorless
    sapphire could be worth near what was being asked. I was wrong and I
    owe the seller an apology. 

    If I could buy a gem like that at wholesale, I am sure I would have
    a gem like that for the rest of my life. I could be surprised, but I
    do not believe I would have a customer who would want to pay that
    much for something that has esoteric value, and it might be nice, but
    not nice enough to spend that many beans on 

    (I recently got some small white sapphires to use in jewelry, they
    are mistaken for diamonds although they are kind of flat, no
    dispersion even though they are diamond cut.. I was counting on the
    fact that they look enough like diamonds 

    add that little pop, and not be pricey for a small gold item.
    Perception, or misperception, can add value, and with proper
    disclosure no foul committed.) I have never seen a 3 or 4 CT. white
    sapphire, but I do not believe a gem that size would be mistaken for 
a
    diamond. A nice slice of humble pie for myself! 

Richard Hart
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