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The Private Reserve
Fancy Shape Desc.
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Diamond Grading
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Trade-in & Consignment Policy*All diamond center stones purchased from Nice Ice, Inc. d.b.a. NiceIce.com may be used in the form of a trade-in value towards the purchase of another diamond or jewelry item for the original wire transfer / cash discount purchase price of the diamond less the cost of shipping and a 10% (ten percent) restocking fee subject to verification of the characteristics of the diamond by the independent gemological laboratory that originally graded the diamond. Credit card fees are non-refundable because they were paid to the bank at the time your transaction occurred and are non-recoverable, thus they will be deducted from the trade-in value at the current rate of 3.5% because they are an expense which we can not recover. This is a
page from our original site, please click
here to visit our current site! We originally sold this 1.04 carat, D color, VS-1 in 2005 as a zero ideal cut with GIA Excellent polish and symmetry. The original GIA lab report located on the left indicates that the primary inclusions responsible for the clarity grade was a few small diamond crystals and needle shaped diamond crystals as indicated under the plotting diagram located on the lab report. Our policy for diamonds which are traded-in to us or sent to us for consignment is not to represent them until they have been sent back to the laboratory for confirmation of the grade and a lab quality assessment of the current condition. When this diamond was sent to us for consignment, there were a few new inclusions as indicated on the new GIA lab report pictured to the right. The new inclusions are a small feather and a small chip. The small chip is located on the culet (bottom point) and effects the symmetry grade of the diamond which drops it from GIA Excellent to Very Good. The decrease in the quality of the diamond has a direct effect on the value of the diamond and our ability to resell it, thus there will be a depreciation in the value of the diamond. Most of the time, the grade of
a diamond does not change, but occasionally a diamond is damaged due to
wear and that is the reason for the structure of our trade-in policy. Please
anticipate a delay of four to six weeks when trading in your GIA Graded diamond
and two weeks when trading in an AGS graded diamond in for
another in our inventory and plan accordingly. The specified
time period is based upon the average time that each laboratory seems to
take to complete their grading process and their usual waiting period. Exceptions will not
be made regarding the timing and verification requirements of this
policy. You may elect to purchase the new diamond out right and to
receive a company check for the trade-in upon verification of the
condition of the stone if you are pressed for time, but be aware that
the actual trade-in value of the diamond can not be confirmed until the
diamond is back from being graded. Actual trade-in value will be
based upon the characteristics of the diamond at the time of trade-in
and not the original sales value if the quality of the diamond has
changed, this includes changes to polish, symmetry, proportions ratings
and/or visual performance ratings as determined by the laboratory.
If changes in the grade of the diamond have occured, it will be
necessary to negotiate the trade-in value. If the quality of the
diamond has not changed, the trade-in value is based on the original
wire transfer / cash discount price of the diamond, less a 10%
restocking fee as outlined above. What is the 10% restocking fee used for?
We will accept trade-in of one diamond
towards the purchase of one diamond, two stones towards the purchase of two
stones, etc. You may not trade-in your entire jewelry collection
towards the purchase of any one item. Be fair with us and we'll be
fair with you. Everything in life is a matter of balance. Consignment Policy*In the event that you purchase a diamond from us and later decide that you would like to sell it for whatever reason, we will try to sell the diamond for you as a consignment for a fee of 15% of the pre-determined selling price of the stone plus expenses such as updating of the lab report and any repair that the diamond may require to be sold by our company. Please note that we can not guarantee that your consignment will sell or how long it might take to sell because we don't have a crystal ball. At our sole discretion, we may be willing to purchase the diamond or jewelry item out right for 25% less than you originally paid for it. What about diamonds not purchased from us? In an effort to maintain the integrity of our inventory (read we do not deal in conflict diamonds) we do not represent diamonds purchased from other companies because very few diamonds pass our evaluation process as it is and we are unable to determine the lineage of the diamond in terms of where it was sourced from and produced by. Please understand that this policy is truly for the protection of our clients and is maintained in an effort to guarantee that we are not trading in conflict goods. * Terms & Conditions:
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