This is on Prime. It is devastating. GFI certified do not matter. The industry is a wash with the mixing of lab grown and natural diamonds. |
| Is gold more or less valued correctly relative to scarcity then? (ie price is not artificially inflated due to some monopoly) |
A little piece of garnet from VCA cost 4k. People are willing to pay for “pretty” jewelry. If a diamond is pretty then it can commend whatever price people are willing to pay. After all jewel’s sole purpose is to be pretty. |
| I own a natural diamond ring and a "fun upgrade" lab diamond and the way I can tell is people get stones that are so big there is no way that the person could afford that size ring, so that is how I can tell. If you live in a 3mm house in chevy chase, get the 3 carat lab, no one will know. If you are a teacher and government employee living in a 3 bed/1 bed ranch in silver spring, don't get the 3 carat lab. |
+1000 |
Yes. |
No you can buy a used ring and have the stone reset. The resale market for diamond jewelry is heavily discounted 30%-50% of original cost. Soon Diamonds will be like culture pearls. |
No, you still can’t tell. I live in a modest pg suburb and work as a fed and so does my husband and I have a spectacular diamond ring that has been passed through my family, because the women in my family are goofy and love jewelry. |
My mother in law saved a 1.5 carat diamond from her South African days (1980?) but it doesn’t sparkle as much as my 0.4 carat stone. |