Are diamond rings much cheaper in the US than in the UK?

posted 1 year ago in Rings
Post # 2
Member
795 posts
Busy bee
  • Wedding: July 2014

shireuk86 :  when I was looking at rings I have noticed that some really big online shops in the US sell amazing quality rings at a fraction of the price I was looking at in Paris. Sadly a lot of them didn’t ship to Europe (plus import taxes would be high). I also saw that actually for wedding dresses. I was drroling over some dirt cheap US and Australian brands which didn’t have stores in Paris.

Post # 3
Member
296 posts
Helper bee
  • Wedding: December 2016

On average I would say yes people choose size over quality.   I choose a .84 diamond over a 1.3 diamond because the cut was better on the smaller one.  They were very similar in price.

Post # 4
Member
4611 posts
Honey bee

shireuk86 :  I think it’s very dependent on the person and their circumstances. I know plenty of people that sacrifice quality for size and vice versa. Lots of people use family stones so that saves a ton of money. My husband’s uncle is a jeweler so he got my ring at wholesale cost instead of retail which is a HUGE difference – my ring retails for $9,000 but my husband assures me he didn’t spend that much. Although I don’t know exactly how much he paid, but I would estimate based on other discounts we’ve gotten from his uncle that it was probably in the $5k range. 

Post # 5
Member
863 posts
Busy bee
  • Wedding: June 2013

Yes diamonds are definitely cheaper in the states. I dont know why though!

Post # 6
Member
174 posts
Blushing bee

shireuk86 :  I’m in the same boat as you! My boyfriend and I have been looking at rings and I know he has started to save, so I think we’ll get engaged sometime next year. Some ladies on here have got lovely huge rings! I think in the UK perhaps there is more of a preference for smaller rings? I certainly wouldn’t want one over 1.5 carats (not that we could afford anything that big anyway!) I’ve tried to look at US websites for rings, but the tax/duties puts me off. I wouldn’t want my boyfriend to be stung with any surpise costs. Someone suggested Blue Nile to me – apparently they ship their diamonds into Ireland and then send it onto the UK so we don’t have to pay duties on it. I’d look into it a but more, but it could be an option for you if you don’t mind ordering online.
I’d love to know the average cost of an engagement ring in the UK vs the US

Post # 7
Member
535 posts
Busy bee
  • Wedding: November 2017

This is an interesting thread about this topic

http://www.pricescope.com/forum/rockytalky/u-s-the-least-expensive-place-on-earth-to-buy-diamonds-t29436.html

 

Also this was interesting

https://www.diamonds.pro/buying-diamonds-uk-hatton-garden/

 

I know my FI bought my ring through a diamond wholesaler he knew (we are Canadian) and so it was a way better price than what he would have paid in a store. A similar ring to mine at Birks for example would have been close to $20k before tax! Yikes!

So it’s always better to go with a wholesaler you know if you are looking to save and still get a great diamond and gorgeous ring! I know some girls though have their hearts set on Birks or Tiffany’s so depending on what their fiance could afford that may affect the size of the ring as those stores mark up the price considerably!

Post # 8
Member
14302 posts
Honey Beekeeper
  • Wedding: June 2011

From what I have see here on the boards on what the UK bees say, it does seem that diamonds in the US are cheaper than elsewhere.  But whenver it’s asked here, it sounds like most people go for quality over size too. I dont thin kthere are too many people buying crappy dull diamonds just for size, that would kind of defeat their sparkily purpose.

Post # 9
Member
1946 posts
Buzzing bee
  • Wedding: June 2016

I found when we were in England, Scotland and Wales last summer the price of things was high for everything just in general. Here in Canada the cost of breakfast at McDonalds was 1/2 the price of England. In fact, the pound was $2.02 at the time we visited, and prices were always almost double what they are in Canada. Eg. A hamburger in Canada might be $4. The same hamburger in England was 4 pounds. In Shrewsbury I had a new ring that cost $4000. I was in a jewelry shop talking with the owner, and he commented on my ring – saying something like that would sell for about 4000 pounds. I almost said “Oh, that’s exactly what I paid for it” when I realized he was talking pounds, not dollars.

So, yes, to answer your question, the price of things in the UK is much higher than the U.S. Buying from an online store will always be cheaper, because they don’t have to pay expensive rent, retail staff, displays, and the cost of theft.

Post # 10
Member
535 posts
Busy bee
  • Wedding: November 2017

pinkshoes :  Yes agreed. I also think though that there is a common misconception where people get hung up on the stone having to be a D, E or F when in fact a G might really not be that much different in color to the average person. And also with clarity people often think it must be flawless but sometimes certain flaws the way they appear to the naked eye are seemingly non-existent, so it doesn’t matter so much. Another one is fluorescence that can bring down the price and not necessarily affect the overall appearance of the diamond. Depends on the person and how sensitive they are to warmth of the diamond for colour and the fluorescence but yeah…. I think often times people get hung up on perfection and don’t realize that it may not make too much difference/the difference is negligible

Post # 11
Member
4363 posts
Honey bee
  • Wedding: February 2009

I think they are more expensive ther for sure.  That would be nearly $15,000cnd.  But  if you order from overseas, then you would have to account for the VAT fees, so nothing at all would be saved. 

Post # 12
Member
6475 posts
Bee Keeper

shireuk86 :  my dh did a lot of research and the answer is yes. 

If you’d like a diamond then either buy secondhand in the uk (as we ended up doing as I wanted an old cut diamond) or buy via one of the online vendors. Google the GIA very numbers to find the cheapest place for the chosen stone. And definitely make a post on pricescope forum. They’ll find you a cracking diamond. 

As I say we ended up getting a diamond from an antique diamond dealer in the uk and my dh was happy with the cash price he negotiated, but prior to that he was all set to buy from America. We did end up buying our wedding bands from NYC and what we saved on those basically paid for our holiday. 

Post # 13
Member
1040 posts
Bumble bee
  • Wedding: The Retreat at Bradley's Pond

Until you’ve been on the B for a while, you assume everyone has a diamond when in fact a lot of these girls (especially with those over 1 ct round and into 2) tend to have a stone called moissanite. I don’t say that negatively.. I say that to better understand what you’re looking at so you don’t have false ideas. Moissanite is a softer stone therefore can have more facets cut into it which allows for more sparkle versus a diamond. I actually suggested it to a gf recently as I wasn’t sure what her boyfriend could afford. 

I did a side by side comparison of 2 jewelers online for as similar stone/setting as I could find. The moissy 1 ct solitaire with white gold band I think was just under $5k, while the diamond set was $10k (and I’m talking I tried my hardest to match color/clarity, etc). 

Maybe you’re looking at moissy’s… maybe not… maybe the US is running cheaper than other countries but I guess it comes down to the conversation rate than given day and if you would have to pay any international taxes… like others have said, it could cost more in taxes than what you are saving, so always consider that. 

Post # 14
Member
617 posts
Busy bee
  • Wedding: December 2017 - Lake Louise Canada

In many cases USA has lower prices, but it’s also the internet in general that has lower prices. We bought a better quality GIA certified diamond online than the store offered me here (and the store diamond had no certs, so probably even worse quality than it was advertied) for several thousand dollars less. Online the available stock is HUGE quantities so you’re paying closer to wholesale price. The store only had 2 radiant cuts in my size across all their stores in the country so of course they jack up the price thinking you’ll believe its rare. The online market is best value, as long as the stone is an engraved true GIA and you make sure to see real photos of it. Hope that helps.

Post # 15
Member
14302 posts
Honey Beekeeper
  • Wedding: June 2011

Also.. define “perfect”…. Is everyone walking around with a D/IF/XXX??  No I’m sure they are not.  But can you REALLY tell the difference between a D/IF and a say H/SI if you want a colorless eyeclean stone?  I’m sure most cannot either.  So while they’re not “perfect”…. I dont think all the diamonds you see in the in the UK are either.

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