Worried that FI spent too much on the centre diamond

posted 3 years ago in Rings
Post # 3
Member
4440 posts
Honey bee
  • Wedding: June 2013

@CanadianBride456:  even 9000 in CanadIan is too much for that. Definity got ripped off. 

I have a .94 VG cut VVS2 clarity with G color and it was 3,300USD  

Post # 5
Member
2675 posts
Sugar bee
  • Wedding: May 2014 - Madison, WI

It does seem a bit high. Looking at a few places online a diamond with your specs seems to range from $3700-$4700 in what I could find on sites like Blue Nile.

 

Post # 6
Member
1072 posts
Bumble bee
  • Wedding: July 2014

Yes, that definitely seems high, but if you buy at a regular retail store they usually hike up the prices by a lot.

Post # 8
Member
1843 posts
Buzzing bee

@CanadianBride456:  I’d say you can find loose diamonds of about E , VS1, good cut and 1 carat online from reputable sites for about $5,000. If you guys got the ring already made at a store, and the $9,000 price is for the ring and the ring perhaps has another stones, it wouldn’t be too crazy. But the main thing is, as you said, you live in a place where the cost of living is high.

You got an appraisal for that same amount so in case something happens, you can get your money. Don’t worry about that. What’s done is done and it was his gift to you. I know it’s easier said than done especially when we don’t like our guys being takeN advantage of, but that’s what happens sometimes when they shop on their own and don’t know much. At this point, all you can do is enjoy your ring. Unless you are within the return period from the store he got it from and you guys would be willing to buy inline for about $5,000 and buy a ring for let’s say $1,000. Have it set for $150-$200 and save more than $2,500. In the process. If that’s not the case, I’d suggest take a deep breath, let it go and enjoy your engagement! Congrats by the way 🙂

Post # 10
Member
1327 posts
Bumble bee

@CanadianBride456:  If it’s 9K just for the rock, it’s probably too much.  But does that price include the setting?  If so, are there other rocks in it and what kind of metal is it? 

Post # 14
Member
1208 posts
Bumble bee
  • Wedding: January 2004

Yikes that seems very high for your specs.  Can you return it and shop elsewhere?

Post # 15
Member
164 posts
Blushing bee

@CanadianBride456:  If you’re past the return period and/or aren’t willing to return it and start again from scratch, then what’s done is done. You’re engaged, be happy!

That being said, I do think he paid quite high considering it’s only a very good cut (someone correct me if I’m wrong, but I think Lazare grades their own diamonds instead of sending it off to labs like GIA/AGS). It’s a branded cut so there’s a price premium, but like other branded cuts like Hearts on Fire, there’s nothing different or special about them compared with any other well cut diamond.

There’s another major price premium when you buy diamonds from a physical retail store, especially if that store is a high end one. I think people are getting more comfortable buying diamonds online, which is why you’re hearing people getting quality diamonds for much lower prices. For example, here’s a 1.032ct F SI1 from a reputable online vendor with an outstanding cut (AGS ideal, true H&A) for $8780, and has the brand price premium as well.

It’s too easy to compare prices found online and those bought from retail stores. Unfortunately, physical retail stores (especially chain stores) will almost always be more (usually much more) than buying online.

Post # 16
Member
307 posts
Helper bee
  • Wedding: May 2015

@BellaDee:  mind if i ask where you got that deal as i cant seem to find it for less than 4k with only VS2 clarity 

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