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Paul Thorpe Watch Dealer
425 followers -
watchdealers.co.uk
watchdealers.co.uk

425 followers
About
Paul's posts

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Robbery update Stolen Audemars Piguet Montoya

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Paul Thorpe reviews the new 2017 Rolex Sea Dweller ref 126600 with some advice and comparisons. www.watchdealers.co.uk

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Paul Thorpe has TWO James Cameron Rolex Deep Sea Sea Dwellers in stock, Rolex ref 116660 - In my opinion one of the very best Rolex sports model investment watches in the world. www.watchdealers.co.uk

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A superb bargain ladies 2.27ct diamond ring offered at trade value, available from Paul Thorpe at www.watchdealers.co.uk

#Diamond #certification and why #GIA is the best - BUT almost certainly means you won't get value for money...

When it comes to buying diamonds there is no doubt that the GIA certificate is the most respected and most trusted in the world.

Some describe the GIA cert as the 'Holy Grail' of #diamondcertificates and to a large degree I go along with that sentiment. Their opinion is superb and highly accurate.

However, in my experience there is a significant down side to the GIA certified diamond for the public buyer, and indeed a very expensive one.

Let me be quite clear on this subject. A diamond that is F colour and VS2 in clarity remains F colour and VS2 in clarity no matter who certifies it as such. Even if it has no certificate whatsoever, the quality remains the same.

A piece of paper does not and will never change the genuine quality of a diamond. But it can make it a lot more expensive to buy...

The issue is, the public are lead to believe, with a strong industry prejudice, that the GIA certificate is the only one they should trust. Which is just about as incorrect as you can be. But of course, this myth helps their sales pitch to the novice buyer.

To the contrary, a GIA certified diamond will be far more expensive than a non certified counterpart. I will never forget the day a client of mine turned down a HRD certified diamond for a more expensive GIA certified alternative.

A year later he tried to sell the diamond and was offered less than a third of its original purchase price. You see, the trade will tell you that a GIA stone is more valuable when you're buying.

But when you're selling they will just judge the stone for what it is. The certificate is merely a bonus because they don't need a piece of paper to tell them what they are looking at.

Its common for a client to call and enquire about a diamond that I might have for sale and the first question will be 'is it GIA certified"?

This without even realising that GIA stands for Gemological Institute of AMERICA. In other words, GIA is a US based company.

To have a stone GIA certified you must remove the diamond from the mount, take the risk of sending it to the United States, and all the hassle of the export and re-import that comes with it.

Then wait for weeks for someone to certify the diamond and then charge you a small fortune for doing so. When the diamond is returned, it has to be re-mounted and polished. A lot of hassle and a lot of risk...

This is what makes GIA certified diamonds more expensive (but not more VALUABLE) than a non GIA certified counterpart.

The best way that I can explain this is as follows.

Let's take a 2.00ct diamond that is G colour / VS1 clarity. Just as an example.

Let's say this diamond came to me via a private client that needed the money fast and I bought it at a very good price indeed. There is no certificate present.

I can then offer that diamond for, let's say 10% above my cost. But there's no cert, it is what it is, and is sold at 50% off the usual list price. YOU GET A BARGAIN...

Same stone, I send it to GIA, shipping, insurance, fees etc. cost me about £900 alone. The stone comes back with a GIA cert and is now ready for the gullible public buyer who insists on being ripped off...

The price is doubled. The stone remains exactly what it was before it went off for certification but now has a document that does not increase its true value in any way, shape or form. Other than to the unsuspecting buying public.

The real way to buy a diamond at a good, bargain price is to find a dealer that you can TRUST. He will know what the stone is. He will know what its worth.

It's sad when someone comes to me with a GIA certified diamond asking for a price and I have to tell them that my offer will be a lot lower than what they paid.

The comment is usually "I'd be losing a lot of money selling at that price" when a more accurate assessment would be that they lost a lot of money when they purchased it...

What's the moral of this story?

If you want a bargain diamond, something that will hold its value and increase as an investment, then you must forget any high end retailer selling GIA certified diamonds.

The only thing you can guarantee is that you are paying a very hefty premium for a what is in reality, a worthless piece of paper.

For every 100 diamonds that I buy and consider to be a fabulous investment, 80% of them won't even have a certificate of any type, let alone a GIA.

Certificates are for the public. Bargains are for those who know what they're doing.


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Paul say's goodbye to You Tube for for now...

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Paul meets with a Rolex owner and puts his mind at rest over his Rolex purchase...

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