Quote:
Originally Posted by FOREVER
Forgot if I chimed in here LOL
Bought a engagement ring for le gf/finance/etcetc from a guy my friend used (literally hole in the wall, with a GEOCITIES website)
S/O is pretty plain jane, asked her about her opinions about real/lab grown and she didn't really care as long as it was plain and simple.
Ended up with a simple band,1.23 carat lab grown diamond, on a white gold band for about $8000 cash
Initially I wanted a high spec'd .7carat mined diamond at the same price range (8-10k) but the guy shilled me on lab grown
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Ethic and end cost to consumer and morality aside. There is huge reason why lab grown diamond is being shilled so hard and specifically popular with western society.
Lab grown diamond offer way high profit margin for a jeweller. Sometimes up to 40% better margin versus natural diamond. Lab grown diamond are also a one time sale item. There are zero resale value on lab grown. Natural diamond as investment is very debatable but there is a secondary market on graded natural diamond.
Resetting diamond/reselling jewellery isn’t really a big thing in western society. But jewellery as an “Investment” is kind of a thing in the East.
Takeaway from taking to a buddy that is heavily involve in the industry.