Diamond India Jewelry Loose.
Q.I'd like to get your opinions on how much the following loose diamond . I am assuming that it is an untreated diamond (the grading report doesn't mention anything about treatment/enhancement). I've seen the above diamond offered for $3000 Cdn. any tips about buying diamonds in China/India which would re-sell well in the U.K.?
A.I think that you've misunderstood my intentions-- and I'm probably at fault for not making myself clearer. I did try to somewhat clarify in my last post that I am not trying to get into your `insular', `monopolized', only-the-rich-can-talk-to-wholesalers industry. I'm traveling around Asia, and I'd like to pick up a diamond *or two*-- not millions of dollars of diamonds-- and re-sell them in the U.K. I didn't come up with this idea out of the blue. Firstly, a *layman* friend of mine who only knew about as much as I do about diamonds was *fortunate* enough to meet a jeweller in India that he became friends with. That jeweller helped my friend buy about $5000 Cdn. worth of diamonds from a wholesaler, at wholesaler price. Sure, that was a lucky one. But anyways, in his case, he was able to easily re-sell the diamonds privately in Canada (and he didn't have buyers lined up before this) and recover his travel expenses. He was in India anyways, just like I'm going to be. This isn't a special diamonds trip for me. Also, my mother-in-law in London has for years bought diamonds from pawn-broker shops and re-sold them at a profit to other pawn-brokers. She has a natural eye for good diamonds-- as blasphemous as that may sound to the GIA-certified diamond experts on this newsgroup. She hasn't taken any two-year GIA diamond courses. So through her, I also know of some pawn-broker shops who would be interested in purchasing diamonds. Another thing that I didn't make clear is that I also plan to browse pawn-broker shops in India/China... or do you think they won't talk to me either? True, I can't really expect GIA certificates from them, but the price that I'll buy whatever I buy will hopefully reduce the financial risk involved. Although some of the pawn-broker shops in the tourist traps like Rajasthan might have been scouted by antique dealers and people like that, India is still a large country with many places to shop. Not all the jewellery/antique/pawn shops have been scouted. And finally, one of the options that I'm considering is to get the diamonds mounted in a ring or a pair of earrings. This way, even if here is no difference or gain to be made in re-selling the diamond itself, there would hopefully be some gain by selling a finished piece of jewellery (since the labour in India is much cheaper).
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