Q: Hello,

I’ve spent a fair amount of time reading your site and I want to say thank you for the abundance of honest information you’ve made available. I always do as much online research as I can before making a significant purchase of any kind and it is particularly frustrating how diverse the information is regarding diamonds. It probably stems from the ”illusion” factor of the industry you mentioned. I’m having a hard time coming to terms with spending $15k on an engagement ring because social practice says I should. I was coming to terms with it thinking of it as asset diversification till I read more about diamond depreciation. In your experience what percentage loss should I expect on the loose stone? I know the setting is a near total loss.

So far I have been working with a local independent jeweler but the online prices have me thinking otherwise. I’m happy with the setting I’ve chosen but I’m wondering if I should source the loose stone elsewhere. I’ve been looking at Princess cut, 2+ct., I+ color, SI1+ clarity, GIA/AGS. They have been in the $13k-$14k range (not including tax) for the loose stone. The setting I’ve chosen is $2k and I’d like to be out the door at $15k (preferrably less).

I have spent time browsing Blue Nile and James Allen but I’m not really comfortable buying sight unseen. The virtual loop is a nice feature but I think it is more of a gimmick than a useful tool since you can’t adjust the focal point nor do they tell you the magnification. From your experience have you been surprised by inclusions and defects that didn’t show up in the virtual loop.

I plan to open a new credit card with a zero percent offer and cash back. If the new card(s) works out I would be able to take advantage of James Allen’s and blue nile’s 30 day return policy if I wasn’t satisfied.

I would appreciate any help or advice you could offer.

Thank you.

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