4 ms·
A friend inherited a large fine diamond, double digit carat-weight. Rated near perfect by GIA in cut clarity and quality, except for some tiny chips from wear t
by anjel 3y ago
A friend inherited a large fine diamond, double digit carat-weight. Rated near perfect by GIA in cut clarity and quality, except for some tiny chips from wear that could easily be fixed by recutting it at the loss of a half carat but its projected such repair would add 6 figures in market value despite the loss in weight.
The thing with gem cutters, is if things go wrong, owner bears the loss.
Would you take that risk?
- dlgeek 3y agoI mean, the owner also gets the upside. I'm sure they could sell it to a gem cutter who would then assume the risk - but also the profit.
- m3kw9 3y agoSell as is with repair discount, but the smart buyer would know the discount would need to include the risk as well
- staticautomatic 3y agoSurely there’s an insurer somewhere willing to underwrite this.
- anjel 3y agoPut “insuring diamonds“ into your favorite search engine. More holes in those policies than Swiss cheese.