Why can't this be simple? De Beers strikes again!

posted 1 year ago in Rings
Post # 31
Member
544 posts
Busy bee

ceecee123 : If timing is an issue, I agree that a decision can be made now. It will take a couple of years for De Beers to flood the market. 

djroomba : Diamonds that are truly conflict-free come with a certificate. I can’t remember who certifies it, but there is an organization that confirms authenticity. Who knows if De Beers will actually go through that process.

As PP posters have said, it’s okay to be indecisive. I once bought three cars in one week. Needless to say, my hubby was extremely unhappy about my indecision. But he cared about me and my happiness (even though it was admittedly ridiculous at the time). It sounds like your guy cares as well and is willing to be patient. My advice is to not ask for too much advice. The more opinions you get, the more decisions you have to make. Use whatever time you have to figure out what matters to you most, do some research, and follow your heart. 

Post # 32
Member
2907 posts
Sugar bee
  • Wedding: November 2017

djroomba :  I wouldn’t buy an (expensive)lab diamond right now given the news about Debeers/Lightbox.

I would suggest getting a simulant such as moissanite/cz in the setting you like. You can then replace the stone once Debeers comes out this fall with their $800 1 carat diamond solitaires! 

I would look around for a cheaper moissanite, maybe one from China etc Moissanite.co and C&C are still wanting to charge premium prices for their moissanite despite the flooded sim market! Bet they’re freaking out about Debeers. No one will want an (over priced) sim when they can get the real deal for just a little bit more…

Congrats on your upcoming engagement!

Post # 33
Member
709 posts
Busy bee

Don’t treat any diamond, mined or lab made, as an investment. It’s a risky proposition. Also, what are the chances you will ever sell your diamond? Its primary value will be sentimental. 

Get the diamond you love and can afford and won’t feel swindled by in case future pricing changes. Who’s to say what generations to come will value? 

Post # 34
Member
491 posts
Helper bee

I’m cheap. I’d get a China moissanite for under $200. And if you want to upgrade to the lab diamond wait for the price to come down. That’s a substantial savings. But if you just really want the diamond from the beginning then go for it.

Post # 35
Member
4973 posts
Honey bee

djroomba :  Yes my exact first response was “oh %$#”. Then I saw they’re not even grading them. But still I had looked into morganite, opal and mined diamonds prior. We decided lab diamond. I want to go ahead and disagree with the other posters that it’s a simulant. It’s not. It’s the exact chemical composition as a diamond. It’s just not mined…obviously. it’s made in a lab. As my jeweler says (we didnt buy from her) “it’s a diamond “. 

But yea I got over it in two seconds because they’re not grading them and I’m never selling my ring so I’m good. So it’s up to you. If price is no object and you want mined you might take a look at Canadian diamonds. They are supposed to be very ethical but they are $$$. We couldn’t afford them but it’s another option. 

Do you know what kind of metal you want? That can help you choose the clarity you want. A warmer stone os good in yellow gold. Or if you want the whitest stone you can pair with white gold or platinim. It’s all personal preference. I say go look and see what speaks to you. 

Post # 37
Member
2907 posts
Sugar bee
  • Wedding: November 2017

sweatergal007 :  I didn’t see where pp are calling lab diamonds “sims”? You’re right that lab diamonds are *not* simulants of course.  Op said she personally did not want a simulant (ie moissanite or cz )

As far as the lack of grading for these new lab diamonds, there are already so many mined diamonds that are “ungraded”, yet much, much more expensive than $800 a carat!

Post # 38
Member
4973 posts
Honey bee

mrstodd2bee :  It was in one of the  comments but either way. It’s not a sim so just wanted to make sure OP knew. But there are sellers selling sims AS lab so gotta watch out for that too. Ohh ok. I know I didn’t know what Moissy was until this site and by then I had my ring already. 

OP, I really wanted opal it is gorgeous!! I’m so hard on things that opal made no sense for me for everyday wear. I wanted platinum but got yellow hold due to a nickel and metal allergy. I’m starting to like gold jewelry a lot! 

Yes I think trying it on will help. We went to Jared and a local mart style shop then Brilliant Earth. We ended up going with BE. So have fun! It’s fin fun trying everything on even if you don’t buy that day. 

Post # 39
Member
3 posts
Wannabee

Apologies ahead of time for the long post…

Let me start this off by saying that I have always wanted a diamond engagement ring, and that I was initially opposed to lab grown diamonds when boyfriend and I started looking, seeing them as “not real” (aka falling for DeBeers’ marketing ploys). We can afford a mined diamond so I thought why get a lab grown one? … UNTIL I actually did my research and found we could get a higher quality diamond within our budget, realized it is the only 100% eco-friendly diamond option, and saw how cool the technology is.

I have absolutely nothing at all against diamond simulants, but I want to point out that lab grown diamonds are NOT diamond simulants (as others above have pointed out as well). Anyone who tells you that is misinformed. Lab grown diamonds are DIAMONDS. Sorry for the crass comparison but is a child born via IVF any less of a child than one born through natural means? To compare diamonds to simulants is just plain inaccurate. A highly trained and experienced jeweler will not be able to tell the difference between a lab grown diamond and a mined one, even at 30x magnification, but they will 100% know the difference between moissy and CZ at first glance.

As for DeBeers – this is a seemingly smart marketing ploy, however it is highly unprofitable for them and therefore not sustainable. I would also like to point out that the price of a 2 carat mined diamond is not 2 times the price of a 1 carat mined diamond. As diamonds get larger, the price per carat increases, especially for high color/cut/clarity diamonds. Lab grown diamonds follow this same pattern, so a 2 carat diamond is not going to be $800 * 2, especially for one of high cut, color, and clarity. Cutting a large, high quality lab grown diamond is not as simple of a task as cutting a < 1 ct one. Not even for DeBeers. A large percentage of people in the market for lab grown diamonds want them because they can afford a higher carat/cut/color/clarity diamond within their budget. Those people will not find what they are looking for in DeBeers’ new line, but will still want a diamond, not a simulant, so will continue to pay the price for it. Not to mention, they want certified diamonds.

The reality is that the overall market for diamonds as engagement rings is shrinking and with that the value of mined diamonds is also on the decline. Millennials no longer see diamonds as a must-have for engagement and would rather spend that money on experiences and other things they find more worthy/meaningful. Gen Z perpetuates this even more so. DeBeers may be able to get back some of their market share with this marketing ploy but they will not be able to turn around the overall market decline without doing something more drastic.

These are just facts. No one can predict the future for lab grown or mined diamonds, and at the end of the day no one can make this decision for you. You have to do what you are most comfortable with. But my advice is if you want a diamond, can afford it, want to get engaged soon, and don’t care about resale value, buy your lab grown diamond now! As others have mentioned, regardless of this DeBeers situation your stone will lose its value a second after you buy it (just as a mined diamond would). Be happy knowing you are getting literally the SAME thing (most likely larger, more sparkly, white as snow, with minimal inclusions) for a fraction of the price!

I apologize again for the long post, lol.

Post # 41
Member
3 posts
Wannabee

djroomba :  yes, totally, I think many people don’t realize how price changes with larger stones as well as the importance of having a graded diamond when it’s being used in an engagement ring! but as you said, who knows what will happen in the long term.

I agree about public perception being similar to moissanite, even though it’s unwarranted. My bf spent a pretty penny on my stone, even more than some of our friends spent on their mined diamonds, but it is the prettiest diamond I’ve ever laid my eyes on, mined or lab, and all that matters is that I feel that way. I’m giddy waiting to see how it looks when set! Whatever you end up deciding, I hope that you find a stone that makes you just as happy if not more! That’s all that matters 🙂

As for the agonizing, I don’t think that ends until the wedding is over and we’re en route to our honeymoon tongue-out

Post # 42
Member
984 posts
Busy bee
  • Wedding: City, State

OP sorry to confuse you more, but there are two main reasons you won’t need a graded diamond if you’re thinking about Lightbox stones. 

1- deBeers will not grade the stones, but they will laser mark them as Lightbox. Tiffany doesn’t provide graded stones, either. The quality for deBeers branded lab stones will be uniformly high, because…

2- lab stones made in high quality, standardized facilities don’t need grades. The imperfections and variations in diamonds are their natural fingerprint. These diamonds will essentially be clones. 

And bonus-3- deBeers doesn’t want to churn out and grade a bunch of E color, Flawless stones to compete with their mined diamonds. They aren’t grading them to imply they aren’t worth grading. If the quality were lower, diamond traders and retailers wouldn’t be so worried about lab stones entering the supply chain. 

 

Post # 43
Member
3 posts
Wannabee

coffeecakez : 

fun fact, the technology is really cool because it actually recreates the geological conditions under the Earth that form natural diamonds, so the same types of imperfections can also occur in lab diamonds, especially larger ones, hence why they do still get graded. in fact it was relatively recently that manufacturers were able to produce diamonds above a G color, especially at a larger carat size. i was surprised to learn this when i started looking, i thought they were all perfect because they were made in a lab! but to your point, today they’ve gotten to a point where the average lab diamond is better quality than the average mined diamond 🙂

Post # 44
Member
63 posts
Worker bee

Buy the ring you want now. It will take years for a 1.25-1.75 carat lab diamond to fall enough in price to justify the wait since they’re only going to go up to 1 carat in the beginning. 

Look at it like this… if it takes 24 months (optimistic estimate) for a 1.5 carat lab diamond to decrease in price $1200, was it worth $50/month to wait to be engaged to the love of your life? Pfft. That’s a decent dinner date every month.  Life is too short. 

Post # 45
Member
6828 posts
Busy Beekeeper

While I understand that lab diamonds are still real diamonds, I could NEVER justify the price. They should not be 30% cheaper than mined diamonds – they should be maybe 30% OF the price of mined diamonds. They can be made so cheaply and so perfectly there is really no excuse IMO to sell them at such an inflated (current) price. 

That said, I would not want to spend $5k today when you can wait until september and spend $1k on the same item. I would also not want to delay the engagement. What *I* would do is get engaged with something else – maybe even a wedding band. Wait to get the ring you want when its better priced. 

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