Interesting undercover diamond district video

posted 3 years ago in Rings
Post # 3
Member
1599 posts
Bumble bee
  • Wedding: October 2013

great story. The diamond district is so sketchy- I worked in the diamond trade in NYC for 3 years (and outside of NYC for another few) and those places in the district were the worst- total swindlers. I personally have a friend of a friend who’s FI got her a stone for around 12k from “his friends jeweler” that “appraised for 29k.”  Except when she finally got it privately appraised with her wedding band, it was appraised for a replacement value of 6k and was a full color grade and 3 clarity grades below what her weird bootleg certificate said.

 

 

 

I would NEVER shop up there, even with the know-how I have.

 

Post # 4
Member
249 posts
Helper bee
  • Wedding: November 1999

Right before our engagment, we went shopping in the DD.

It was horrible. I suggest no one go there. It still adds a bad shade to our ring shopping, which should have been fun.

Two vendors got into a yelling match over who should have our business. It went on. And on. For about 5 minutes (a long time). Finally, FI and I just left, since I was so uncomfortable. I have no idea how long the fight went on after we left.

There are many sketchy guys trying to swindle people on the street.

I strongly advise people to shop elsewhere. I got my ring online, and am much happier for doing so.

 

Post # 5
Member
1102 posts
Bumble bee
  • Wedding: May 2013

The Diamond District shouldn’t be feared as long as you educate yourself beforehand. An educated consumer will always have the upperhand. (One tip (for example)- when buying a stone, ask the jeweler for a loop and match the inclusions on the grading report to that of the diamond to make sure you are actually buying the stone you intend to buy).

Post # 6
Member
437 posts
Helper bee
  • Wedding: June 2014

This happened to me. My fiances parents knew a girl personally who worked in a store there. He went with his parents and paid $3500 for my engagement ring. After he proposed, we went to get an outside appraisal at a local jeweler. They knew right away that he bought it in NYC. He then sat us down and explained that it was clarity enhanced and explained what that was and how sorry he was that this happened. My fiance was stunned and cried. We called his parents and they didnt believe us. We went back to nyc and confronted them and they got angry with us and refused to give us our money back. They said we could only pay the difference on a real non enhanced diamond. This was so emotional for everyone that we just paid more and got another unenhanced stone, which I have now. We also had to switch out my original setting bc the stones kept falling out. 

 

 

 

If I can say anything to people out there is stay far away!!

 

Post # 8
Member
1102 posts
Bumble bee
  • Wedding: May 2013

@BlondeMissMolly:  I didn’t watch the video yet – I tried to but my browser is not letting me for some reason! I actually assumed it would be about clarity enhanced stones however! I am going to be 100% honest here and say that I have never actually looked at an enhanced stone under a loupe before, but I believe you can see the filler or cloudiness under magnification.

Post # 9
Member
667 posts
Busy bee
  • Wedding: October 2013

We bought my diamond in the diamond district. We only went to those vendors recommended by pricescope though and my diamond is laser inscribed (and he showed us how to find thechia code on it through the loop). We have the cert and it’s been appraisedelse the jeweler who set the stone in my setting. Its not he whole diamond district then, it’s about knowing where to go. That’s why I liked pricescope while we were working on he diamond…

Edit: stupid iPhone. Sorry for typos.

 

 

Post # 12
Member
6407 posts
Bee Keeper

Although I had overall good experiences in the NY DD (albeit not quite good enough to buy our diamond there), one girl did show us the yellowest “GIA F” diamond I’ve ever seen, by far… both FI and I noticed it immediately, when she pulled it out. Closer inspection was not more flattering. (Of course, the girl couldn’t see any tint at all.) I know GIA really doesn’t tend to get it wrong like that. I really had to wonder. We never even looked at the cert though… it was obvious that she was not the person we wanted to work with.

Post # 13
Member
5483 posts
Bee Keeper
  • Wedding: October 2013

Wow, thanks for starting this thread! I had no idea about the DD but always wondered!! (Not in the market for a stone, but was curious nonetheless!)

Post # 14
Member
980 posts
Busy bee
  • Wedding: June 2012

Very interesting.  We got a “great deal” on my ring in the DD.  We took it to an independant appraiser for insurance purposes, but that appraiser was also in the DD, so now I’m wondering if we should have gone elsewhere.  We did learn about clarity enhancement at the appraisal.  It was on the paperwork, but of course the salesman didn’t really say much about it, and we didn’t know to ask.  I love my ring, and I don’t think we paid more than it was worth (though perhaps we didn’t get as great of a deal as we thought).  DH paid $4k for it, and I think the independent appraisal listed the total value at around $7k (even with the CE).  So more than we paid, but less than the what the store said it was worth.  But now I’m think we may need another appraisal.  No need to be paying more than we need to on our insurance premiums.  They do free cleaning and repairs, so I hope they aren’t heated so much it will melt the glass.  When one of the stones in my e-ring’s band fell out, they replaced it free of charge.

 

 

 

ETA: We went on a Sunday, when most stores were closed, to a stand alone store (not one of the booths).  We’d previously gone during the week to look at bands for DH, including the booths, and it was sketchy as all hell.  I couldn’t wait to go home and shower.  It was that bad.  I get the ibby jeebies just walking down that block when I go back to our store to get it cleaned.

 

Post # 15
Member
249 posts
Helper bee
  • Wedding: November 1999

@EastMeetsBarn: 

We’d previously gone during the week to look at bands for DH, including the booths, and it was sketchy as all hell.  I couldn’t wait to go home and shower.  It was that bad.  I get the ibby jeebies just walking down that block when I go back to our store to get it cleaned.”

Yes, this exactly! I will tell all of my newly-engaged friends to go elsewhere – It was just a gross experience. I felt like I needed a shower too. After watching the video in the OP, I am glad we were put off, so we were not taken in by an dishonest vendor. I did not know what CE was at the time – I only knew about the 4 C’s, etc. I have since heard some of these certifcates are…uh, not exactly trustworthy. 

Some, not all. I will say, we did come across one vendor who was friendly, helpful, and um, discreet (i.e. not OTT yelling) I did not like his offerings, but he was a good one in what felt like a bad bunch.

Post # 16
Member
437 posts
Helper bee
  • Wedding: June 2014

@EastMeetsBarn:  the problem with the appraisals they give is that they are appraised at the clarity they have become from the enhancement. Not the clarity they are before they were filled which is what you really got with a clarity enhanced diamond. 

 

There is nothing wrong with having that type of diamond if you are okay with it. Just have to be careful that over time the fillings don’t wear away and u’ll see all the imperfections.  Also, these diamonds are whiter than non enhanced diamonds. Mine was VERY white. We unfortunately were not aware and were not okay with being duped, especially by a family friends daughter!! 

 

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