Debeers to sell inexpensive lab diamonds, are you excited?

posted 1 year ago in Rings
Post # 46
Member
1642 posts
Bumble bee
Post # 47
Member
449 posts
Helper bee
  • Wedding: July 2019 - Canadian Rockies

20sparklingyears :  Interesting, bc I’m sure people would still buy if they offered over 1 carat! But then their natural diamond sales would probably falter some 😛

Post # 48
Member
6284 posts
Bee Keeper
  • Wedding: October 2013

I’m so excited to see what they are going to offer! I’ve been dying for diamond studs but couldn’t shell out $2k+ right now. I’m guessing I’ll be able to find 1 tcw studs here for $800? Yay!

Post # 49
Member
1642 posts
Bumble bee

wrkbrk :  Well, add either 100 (for silver settings) or 200 (for gold settings) to the 800.  The stones will be sold at 800 per carat.  The settings are either 100 or 200 additional.

Post # 50
Member
6284 posts
Bee Keeper
  • Wedding: October 2013

20sparklingyears :  Good point. And I want rose gold so I’ll have to get them reset anyway – but don’t they not allow you to just buy the stones?

Post # 51
Member
1642 posts
Bumble bee

wrkbrk :  My interpretation of their product review is that you will be charged the 100 or 200.  I don’t get the impression they will sell a loose stone only.

Have you signed up for their newsletter?  Or, do you visit their website?  It has all the answers there!

Post # 53
Member
6284 posts
Bee Keeper
  • Wedding: October 2013

20sparklingyears :  I did sign up! But just recently so I haven’t gotten anything yet. I also think you have to buy them set. Oh well!

Post # 54
Member
102 posts
Blushing bee

Hmm… I would seriously consider more getting one from Vrai and Oro, TBH.

I do love the idea of lab diamond more since it’s the only way to be sure it’s not a conflict diamond at all, despite the Kimberley process which is still botchy IMO.

But getting it from De Beer is another beast alone and I’m not sure I want to get any from them, just because of the monopoly.

This remains to be watched for, in any case…

Post # 55
Member
1642 posts
Bumble bee

Okay, just an update, I found this on their instagram, in response to being asked if they will sell rings:

“Hi, in September only necklaces and earrings will be available.  But we will add bracelets and rings in 2019.”

Also, they have said only shipping to the US will be offered at first.  They will not answer as to the quality of the cut (again, based on the ig responses).

Post # 56
Member
356 posts
Helper bee
  • Wedding: December 1969

One thing to keep im mind about the Lightbox Jewelery diamonds is that they are aiming toward fashion jewelery (earrings, necklaces) not high end engagement rings. These diamonds will not have certifications so you will not know what color or clarity or cut quality you are receiving. You pay, they choose. For some people it doesnt matter what the color grade is or what the clarity level is, as long as it looks decent enough. If you want to go out and buy a colorless or near colorless eye clean lab diamond, with certification, you will pay the going rate.

Post # 57
Member
356 posts
Helper bee
  • Wedding: December 1969

adreamdeferred :  Agreed, I think this is the exact reason why they have chosen to go after this target of lower end fashion jewelry. They want to dig their claws into some part of the lab diamond market, without competing with themselves.

Post # 58
Member
1642 posts
Bumble bee

Just to update, I have not received a response to my “total carat” question.  I asked if I purchase a one carat halo pendant will the center stone be a full carat and then, the halo stones additional weight?

The next question I have is, what is their return policy going to be?  Hmmmmm, that’s an important one.  I’ll ask that next.

Post # 59
Member
3085 posts
Sugar bee
  • Wedding: March 2006

It took them like a month to return my email. I had completely forgotten about my inquiry when it showed up in my inbox. 

I do know they’re only shipping to the US, at least initially. Also, the lightbox info will be laser inscribed UNDER THE TABLE of the stone. Not on the girdle. I’m not sure how that’s possible without it being seen or looking “watermarked.” I believe I read somewhere that it will be the actual lightbox logo, but don’t quote me on that. Regardless, they’re REALLY doing their best to devalue lab diamonds. 

I also posted on PS about me pricing .5 carat loose stones through Brilliant Earth and they came in at $530 each, and that’s graded and certified. I can’t remember the exact specs I looked up, but that’s only a slight amount higher than theirs. Yeah, you’ll have to pay to have them set, but you also won’t have to give deBeers your money. Something to consider if that’s important to some folks. 

Honestly, I hope this drives down lab diamond prices for places like BE eventually because I’ll want to upgrade my moissanite set I’m currently having made one day. Lol! 

ETA: Just went to my PS response, and it was $560 for a .51 J SI2 ideal cut stone. I’m sure a 3 prong 10k setting off eBay wouldn’t be outrageous. I also bet BE and the like start to reduce at least their smaller stones to compete. Hope this helps!

Post # 60
Member
38 posts
Newbee

I’ve been following this closely, but too bad they only ship to the US for now!! Was hoping they would ship to north of the border too!

I told my friend about the lab created diamonds (she has a moissy), but she said she won’t be supporting them because she resents the fact that DeBeers have essentially monopolized the diamond market and driven up the prices. Diamonds are not actually rare, but since they control the supply, costs are high. 

Personally, I’m tempted to buy one to put on a ring setting as an upgrade, but at the same time, lab stones aren’t really worth anything. So is it really an upgrade? Anyway, I digress. 

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