The resale value of natural diamonds is not terrible. No worse than lots of other luxury items. Large market for vintage Tiffany pieces etc. large market for large stones. Old mine cuts. The ethical piece is simply used as a tool by those who want a big rock and don’t want to pay. I don’t believe for a second that’s the motivator. If that’s true, they wouldn’t be supporting the market. And if that’s the case, don’t own a cell phone or other electronic clearly made by slave labor. Isn’t that just as terrible? Yes. Yes it is. |
I wasn't drawing a dichotomy between people who can afford an expensive ring and people who can't. I was drawing a dichotomy between people who want a large ring and people who want a smaller ring that might be more versatile and easier to wear. I opted for the latter even though I could afford a bigger ring because I just don't like wearing a large stone daily. My ring is more expensive than it looks. But the cost of my ring is not relevant. That's the point I was making -- the cost of anyone's ring is not relevant. |
Go ahead and see what someone will give you for your diamond. Sure, they’ll turn around and sell it for a good amount but YOU won’t get much at all for it. It’s the biggest shake down in an industry that’s the ultimate shakedown to begin with. |
Oh I get that. But a lab Diamond is scrap. Nobody would ever take it to resell it. You wouldn’t pass it down. Etc. |
If you didn't care what anyone thinks, you wouldn't have a ring at all. The whole thing is a pop culture fad made to prop up a gross industry and perpetuated by people who want people to think certain things about them. |
A large ring usually makes up for other... *cough* shortcomings. |
I agree with this. If I was looking to buy a diamond now, I would only consider lab… you might not be able to resell for a lot, but you’re also not paying a crazy amount. With mined diamonds they are so expensive and then you don’t get much back anyway if you try to sell. The total financial loss end up being greater. |
I would the same as I would mined. In a nice setting, why not? |
I got my ring way before the lab diamond shift but... why couldn't you pass it down? People pass down costume jewelry. And there's nothing wrong with a lab diamond, it's just not as "special" as a mined diamond. It's still pretty (sometimes prettier because they are perfect). Plus a ring is more than a diamond, there's the band as well. If my mother had a lab diamond ring and it was a pretty ring and she left it to me, I don't think I'd care that it was a lab diamond. I really don't. It's not like it is going to crumble to dust. It's a diamond. |
Hmmm, I don’t jnow. The cost just keeps dropping like crazy. I was just looking to replace a lost ring and the cost for my original diamond size was $30k. The cost for a lab the same size was literally $6k. And no, they’re not all perfect it’s like regular diamonds. They have flaws, colors etc. I just feel like if it’s that cheap …? |
| If you have a legit stone with a GIA certification # you can look it up for appraisal. The appraisal for the stone I bought for DW for engagement still similar value as when purchased. |
Lol what is the inherent value of a mined diamond? It doesn't have one. It's pressurized coal. Your diamond cost 30k due to high demand and relative scarcity. Lab diamonds upend this dynamic by eliminating scarcity. Not only are there more diamonds, but you have the ability to keep making more and more very easily. But they are all diamonds. The quality of a lab diamond is not inferior. A diamond is a diamond. You literally just said it -- "they're not all perfect it's like regular diamonds." Because they are regular diamonds! I know this might be a hard pill to swallow if you spent that much on your ring, but it was only "worth" that because lots of people wanted one and there weren't enough rings of that size and quality for them to cost less. But now there are. The intrinsic qualities of the diamond have not changed. |
Np but labs look the same and perform the same as mined. They could be worth nothing but if you like the look of a diamond what’s the point of mined when you have to pay so much more. I also wonder if all diamonds will stop being viewed or assumed to be valuable over time as labs drop in price and the market gets flooded with more diamonds. If everyone has a big diamond, I feel like people with money to burn will have to move on to something else to communicate that they spent a lot on their ring. |
The price has gone up for a real same sized diamond. And it is possible to tell a lab on an easy scope scan. I also assume people that have enormous ones have labs. I just wouldn’t do it. Go right ahead, who is stopping you. Just seems trashy. |
Generally agree with this, other than the “you wouldn’t have a ring at all” part. To me the symbolism of matching rings makes perfect sense. If you weren’t trying to impress others, you’d each have whatever ring you loved the best. For me, that will always involve rubies, emeralds, or labradorite. Maybe a sapphire if it’s really vivid. I like simple bands of gold and silver too, but basically always want to have the rush of looking down and seeing colors that make me think of Jolly Ranchers. |