Would you be mad? (Lab diamond pricing help!)

posted 12 months ago in Rings
Post # 3
Member
880 posts
Busy bee
  • Wedding: May 2019

I can’t speak to the actual prices themselves, but it’s very very common for local jewelers to have higher pricing than what you can get online (James Allen, BE, Blue Nile, etc). Local jewelers have to account for the cost of renting their space and all the expenses that come with that. The online retailers can be priced lower because they don’t have to account for that.

For example, my fiance got my engagement ring for $3,500 at his local jeweler. A similar setting and stone on James Allen is going for $2,800.

Post # 4
Member
1887 posts
Buzzing bee
  • Wedding: October 2019

Personally, I’d see if you can just buy the diamond and send it to them separately and not worry about upgrade. Are you thinking you’ll want larger down the line?

Post # 5
Member
189 posts
Blushing bee

This is business 101.   A store buys an item for x price.   They sell it to you for y price.   The difference is their profit.

Post # 8
Member
152 posts
Blushing bee

I would talk to the jeweler and try to negotiate. Explain you’ve found the exact diamond online, and ask them to price match. I imagine they will work with you a bit. 

Post # 10
Member
577 posts
Busy bee

What’s the name of the jeweler? Our jeweler won’t buy back lab diamonds so I’m surprised to heard yours will. Isn’t that uncommon?

Post # 11
Member
645 posts
Busy bee
  • Wedding: June 2018

I’d go with David Klass and get your ring made at a decent price. He’ll make it perfect for you and if you want to upgrade later plenty of places have trade up policies. 

Post # 12
Member
173 posts
Blushing bee
  • Wedding: September 2019 - City, State

I got my lab diamond from my local(ish) jeweler and they have the same upgrade policy for lab diamonds as natural diamonds…. and they don’t have any sort of minimum requirements to upgrade, I get the original cost of the diamond towards any new purchase. 

With the upgrade policy you’re looking at, 1.5x the diamond cost… for an $18k diamond you’d have to upgrade to a $27k diamond and pay $9k. To me that’s kind of insane, can you imagine ever wanting to pay that much just to change the shape of your diamond (since you said your not so much interested in bigger)? And you’d be paying a $3k premium to get that upgrade option? It doesn’t seem worth it to me at all (but then again I don’t think I’d ever be looking at diamonds that expensive to begin with so maybe you have a different perspective of what would be worth it).

I would first try bringing in the info for the bluenile diamond to show the jeweler, and ask if they can price match or lower the price to something more comparable. I would totally prefer to make purchases through a local brick and mortar jeweler than an online source. Not just because of the upgrade policy, but usually they also have warranties for damages, it’s nice to have somewhere to bring your jewelry in for repairs/cleanings, supporting local businesses…. etc. But for $3k more for the same thing… nope. 

Post # 14
Member
18 posts
Newbee
  • Wedding: April 2016

Sounds like Ada Diamonds. Their prices are exorbitant. 

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