$3000 antique ring GIA
This is my first jewelry listing. I went to a local jewelry store and he said it was worth $3,000. But what if he's wrong? I don't want to be a fool and list a $200 ring for $2,500.
How does GIA work for sellers If an item sells for much more than they appraised it for? I read the page here on ebay, and I didn't see an answer to that. I thought I would ask some seasoned sellers so that I don't get scammed, and I'm sure to follow the rules.
4 comments
idealgems1
·10 months agoI will echo @eoma689485 . GIA does not assign a value in any of their assessments.
The one thing that I would push back a little on a little is the recutting of an old miner or European cut. That is what we did for like the first 35 years our store was open whenever we bought a larger old cut stone (unless it was in a great vintage setting). The last five years or so our store was open, old cut diamonds were so "hot" and sold so fast we were much further ahead to place them in a great reproduction antique setting and not spend the hundreds of dollars it costs to recut the diamond. The advantage of recutting, though, was that we worked with an excellent cutter that would reshape them to Tolkowski (ideal) proportions.
IMHO, here are your best options: 1) pay a qualified appraiser to do a written appraisal on the ring. It won't be cheap. You will have the basis for an accurate description as well as an idea what to list if for and a leg to stand on to defend your asking price; 2) take the ring to 3 strong jewelry buyers in your area and sell it to the highest offer; or 3) guess (based on a verbal estimation) at the description, quality and value of the ring, list it, and hope for the best.
I would advocate for one of the first two options.
eoma689485
·10 months agoSorry, I forgot to mention - when you were at the jewelers did you ask them to test the ring to see if it was 10K, 14K or 18K? if so, it might be a good idea to mention that in the listing.
silverstatetreasureboxes
·10 months ago@eoma689485
Thanks, I was just getting ready to ask the OP that same question.
Wow, I don't have a good feeling about that listing at all. I know due to the age of this ring ( 1900s) that it's quite possible no purity stamp will be found....OK got it but at least have it tested. And I feel description is very weak.
eoma689485
·10 months agoThe GIA - The Gemological Institute of America is a diamond grading service - your diamond ring does not appear to be certified by them, so your question is a little confusing. The Jeweler that gave you the estimate gave you a rough estimate - unless of course he removed the stones from the settings and weighed them, so that is an educated guess as there are ways to weigh them without removal, but it is not exact.
The GIA doesn't care what diamond's sell for - they just certify diamonds - check its weight, color, clarity, and dimensions, then they laser a number on it - one that matches the certificate that you get when they return the stone - and it has to be removed from the setting for them to do their job.
Mine Cut diamonds do not sell for what modern cut stones go for - and if they are large nice mine cut stones they are usually re-cut to modern standards. You mention that the stone is estimated to be just under a half of a carat - is that the one center stone or all the stones?
Hope this helps