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Beware of Local Store Diamond Ring Rip-Offs!

Hey everyone, just a quick post about a recent experience I had at a jewelry store in the mall. A few days ago, I went to the mall and I decided to go into one of the jewelry stores, just to check out some of the rings they had and to look at their prices.

I forget which store I was in, but I looked around for a couple minutes and didn’t see too much that was noteworthy. Then, I came across this one diamond ring.

It had a 1.5 carat diamond, I2 clarity (yeah, I2!, as in it has visible inclusions!), and the color was something like H or I, I think. I don’t think there was any information about the cut, or the symmetry, polish, or fluorescence.  So, besides the fact that the diamond was pretty big, this ring didn’t have a very high quality diamond.

Guess what they were asking for this ring?

$8,999! Yes, $9k for a diamond with visible inclusions that’s not even colorless. And, there wasn’t any cut information, so it probably wasn’t a great cut, either.

You can easily find a 1.5 carat, SI2, ideal cut diamond on the internet for about $4,500. Much better deal – lower price for a better diamond! Of course, that’s without the setting, but even if you add a pretty good, platinum setting, that’ll add about $1,500. Which brings the total up to $6,000, a savings of $2,000 for a better ring!

What does this tell us?

You can usually find much better quality diamonds and diamond rings online! If you don’t know where to look, check out the stores that I have listed on the front page of this site: Buy Diamond Rings.

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One Response to “Beware of Local Store Diamond Ring Rip-Offs!”

  1. Diamond Freak on March 22nd, 2010

    Its not necessary that all store’s will sell junk like you mention, there are some very good stores that will give you very good deals.

    Also, generally physical stores in US will sell at a much higher cost than online stores due to all the extra overheads, so we cant actually compare them on the same grounds….better to compare apples with apples.

    What i mean is if you go to a small time family jeweler, you WILL get amazing deals and at the same time you can actually view the rings which you cannot at an online store.

    Summary: Not all stores are bad like the above store, and i request all buyers to compare online stores with other online stores, and vice versa…

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