How Negotiations Work
Sometimes you and the seller need to discuss the final price. Here's how it works.
When Does Negotiation Happen?
No Negotiation Needed
If your winning bid meets the seller's price, you win automatically! The diamond is yours.
Negotiation Starts
If your winning bid is lower than what the seller wants, you'll have a chance to work out a deal.
Simple Example
Seller wants $5,000/ct for their diamond.
Your winning bid is $4,500/ct.
Since $4,500 is less than $5,000, a negotiation begins so you can try to agree on a price.
The Negotiation Process
Auction Ends
You're the highest bidder, but your bid is below the seller's asking price. Negotiation begins!
You Make the First Move
You can accept the seller's price, make a counter-offer, increase your bid, or walk away. You have 10 minutes to decide.
Seller Responds
The seller can accept your offer, make their own counter-offer, or decline. They have 10 minutes.
You Respond
If the seller made a counter-offer, you can accept it or decline. This is usually the final step.
Negotiation Complete
Either you agree on a price and the diamond is yours, or you don't reach a deal.
What Can You Do?
When it's your turn, you have several choices:
Accept the Price
Agree to pay what the seller is asking. The deal is done and the diamond is yours!
Make a Counter-Offer
Suggest a different price. The seller will then decide if they want to accept it.
Walk Away
If you can't agree on a price, you can decline. No hard feelings - you have no obligation.
Time Limits
Each person has 10 minutes to respond when it's their turn. Make sure to check your notifications so you don't miss your chance to respond!
Don't Miss Your Turn!
If you don't respond in time, you might miss your chance. Keep an eye on your "My Bids" page and notifications.
How It Can End
Deal Made!
You and the seller agree on a price. Congratulations - the diamond is yours!
No Deal
Sometimes you just can't agree on a price. That's okay - there are always more diamonds!