Post # 1
(i originally had this on a different post and moved it over here)
So my FH bought me a new engagment ring which came in a set..I absolutley love it..BUT I was wondering if we got a good deal. We got it at Kay and I have researched all the horror stories with them and know that they usually have high mark up prices but we never really had a problem with them before and they gave us full price for a ring we bought there 5 years ago that we put toward this new engagment ring. So anyways the ring will be a little over 1kt total weight (I had the center stone replaced with a 1/2 kt), the color is HI and clarity is I1-I2. After upgrading the center stone, taxes and warranty it comes out to $2700…what do you think?
Post # 3
@jensan215: Do you have a GIA cert on the center stone?
What are the clarity and color specs on the center stone?
The only way to really know is to get it appraised by an independent appraiser.
ETA: I just looked up a 1/2 c round with H/I color and SI1 or SI2 clarity and those are pricing out about $1,200 – $1,400 for just the diamond. Is yours SI1 or is it I1?
Also, what metal is the setting?
Post # 4
I dont think its completely out of the ball park, but I think its a little high compared to what you could get from online dealers. That’s a pretty set though! Are you going to buy insurnace for the ring?? What is the warrenty for?
Post # 5
Honestly I don’t think that you overpaid per say, maybe you could have gotten a better deal somewhere else but you got the credit and they seem to have been pretty fair to you. I wouldn’t stress over it too much.
Post # 6
I have seen 1/2 ct solitaire rings that cost = to what your ring cost. so if you got all of that plus a wedding band, I’d say you got a damn good deal! mainly, I’d hope that it is well built. I agree with KatNYC2011: get it appraised, and in addition, get the prongs checked by somebody other than kay. if a setting is not good quality, you could be slightly more likely to lose stones.
it’s a pretty ring, I love the baguettes in the halo!
I know how you feel- I got my wedding band at ben bridge, and then I saw one exactly like it at zales for 1/3 less of what I paid. I was kicking myself so hard but in the long run I got over it.
Post # 7
- Wedding: October 2011 - Tre Bella, Mesa, AZ
I will say that we’ve gotten all our rings at Kay (nothing that expensive as yours, but all have diamonds), and their pricing seems pretty standard compared to other in-person stores for engagement/wedding rings. We haven’t gotten a steal or anything, but we also haven’t gotten ripped off. My engagement center stone isn’t Kay, so I can’t really say anything about their diamond quality on large stones. I do like Kay’s warranty though, and as long as you keep up on the inspections every 6 months, they will replace any of the stones that have problems (chipping, falling out, etc.).
ETA: I also <3 the set!
Post # 8
Fiance and were looking at a .85ct SI1, extremely close to a VS2, the color was I and it was $2700. So I think you got a good deal because that price was just for the stone, not including the setting and the band.
Post # 9
Does the $2700 include the ring you bought 5 years ago?
If I were you, I wouldn’t think too much about whether or not you got a good deal. I tried searching for a better deal after my fiance finalized the purchase on my ring and it drove me bonkers. Just enjoy your ring. 🙂
Post # 10
That is NOT. A good deal. You need to visit pricescope.com and do some research AFTER you return that ring! An I1/I2 is pretty much the worse grade of diamond you can get and chances are the sparkle is not what it could be. I know nor everyone can afford a vs + diamond but that HAS to have visable inclusions if not surface fractures.
Post # 11
I only know that anyone who buys in a brick-and-mortar retail jewelry store is almost always paying too much. Online is better or if that makes you uncomfortable go to the nearest diamond/jewelry district in the nearest big city and buy there.
That said, it’s a really pretty set and you already own it, so don’t stress about it now. But for any future purchases, you can find better deals and more quality for your money by staying out of chain/retail stores.
Post # 12
Fiance and I had my rings appraised by a professional gemologist. She wrote up an appraisal that we could use for insurance coverage. You could always go and get it appraised by someone other than Kay.
Post # 13
Thanks everyone for your input! The center diamond is H color and I1 and the ring itself is white gold. The warranty includes rhodium plating and cleaning whenever I want, replacement of loose/lost diamonds, and repairs. The only reason we looked into Kay Jewlers because my Fiance had credit from there and had a ring he bought there to trade in and I just wanted to make it easy on him (my insistence). I think overall I will be happy with it (we do have 60 days to return it) and he wants me happy with it to. I get it in 2 weeks so I will keep you guys posted! THanks again!!