Hearts On Fire Diamonds

“I Wonder What A Hearts On Fire Diamond Is Doing On Blue Nile?”

Q:

Hi Liz,

I was shopping on Blue Nile for platinum solitaire engagement rings. I found a diamond that is 1.11ct, color J, round, clarity VS2, ideal cut, excellent polish. GIA certificate with comments. Inscribed on the girdle is says: ‘Hearts On Fire 93516’. Med Blue Fluorescence. Price was $5406. I wonder what a Hearts on Fire diamond is doing on Blue Nile? Budget $6K. I bought this diamond but not received it yet.

Regards,

David

A:

Hi David,

What was the date on the GIA report? If the diamond was inscribed as HOF then it was originally sold from HOF and purchased. It was then sold back into the diamond market, therefore this isn’t a newly mined diamond.

I would get an appraisal done to make sure that the diamond is still in the same condition it was in as when it was originally sold from Hearts On Fire.

Take care,

Liz

Q:

Hi Liz,

Dec 2013 is the date on the attached certificate. I figured it was a “used” diamond as you think. As soon as I receive it I will take it to my jeweler to appraise & check for damage. I figured with that Hearts on Fire inscription, Hollaway Cut Advisor at 1.5 and the 30 day return policy on Blue Nile as long as it was not damaged at $5400 it was a reasonable buy. I know HOF is way over priced but a new HOF like this would be over $10000 for the just the diamond I believe.

Branded Hearts on Fire Diamond normally selling for around $8K is found in Blue Nile’s inventory for $5,406.00

Regards,

David

A:

Hi David,

Looking at the GIA report, the diamond has great cut proportions and falls within AGS ideal cut standards. Not only that, but a 1.00ct diamond with similar color and clarity grade set in a simple platinum solitaire setting would set you back almost $15K if sold by Hearts on Fire.

Best,

Liz