This 1.103ct G VS1 WhiteFlash ACA diamond is certainly a decent buy. After comparing the price against the local market price, I found that this diamond is actually cheaper than some of our local jewelers (not all), if we compare the 4Cs alone. Do note that this ACA is 1.1 carat, which is bigger than typical 1 carat. If you are interested in a 1 carat and above diamond, I highly recommend you to survey the market a bit, give yourself ample time to make the best decision for you and your partner.
The wire transfer price for this diamond is stated as USD 9191, but for new registered customer, you can get an additional USD 100 off, making this diamond priced at USD 9091. Below is the exchange from Wise (a regulated money remittance platform). You can join them using my invite link here, which entitle you to get a a fee-free transfer up to 500 MYR.
Since normal consumer can only transfer max RM 30k per day, you will need to ask WhiteFlash to split the bill into 2 halves, and then transfer 2 times, each on different day. Of course, this will also mean that the amount of RM 38,292.37 may not be the exact amount, but from the looks of it, the service charge is somewhat relative to the amount sent (the higher the amount, the higher the service charge). I have tested by keying in USD 4545.50 and USD 9091 respectively, and the service charge is RM 93.35 and RM 184.24 respectively. Since 4545.50 x 2 = 9091, the service charge will be RM 93.35 x 2 = 186.70. This means that if you transfer all at one shot, you can actually save some money, but since we can't do that, we will have to split the bill. You will end up at he same service charge amount even if you split the bill into USD 7000 and USD 2091 respectively, so it is up to you on how you going to split the bill. It will work as long as each bill is not more than RM 30k after convert.
For 1 carat diamond, the ring setting chosen may be slightly wider and thicker than a 0.3ct diamond that uses the same ring setting, so naturally, the price for the ring setting may be more expensive as well. However, some jewelers will offer you a fix price for the ring setting regardless it is a 0.3ct or a 1ct diamond, probably because the diamond margin can cover their cost.
Usually the price will be higher if the finger size of the ring setting goes up higher and crossed a certain threshold, for example, ZCOVA's ring setting will be more expensive when it reaches HK 14.5 for finger size. This is probably because when the ring diameter gets bigger, more gold is needed as well (just my guess).
Do remember that most jewelers these days do not prefer to set diamonds not sold by them. If you ask me, this is probably because they want customers to buy the whole package from them to earn more, and probably to increase the inconvenience for customers so that customers can only buy locally. Again, this is just my opinion. If a person manage to find a jeweler that is willing to make the ring setting, it is highly possible that there will be a mark-up for customer own loose diamond. Nonetheless, if you do not manage to find jeweler that is willing to make the ring setting for you, you can always come look for me as I do help people that buy from overseas to custom make their diamond. You can see one of the latest engagement ring that I custom made for a Black by Brian Gavin diamond here.
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February 28, 2022
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