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 » RockyTalky
»  » $47,000 for a 1 ct Tiffany diamond?!?!?!?
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$47,000 for a 1 ct Tiffany diamond?!?!?!? |
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| P: 8/16/2005 10:32:35 AM | |
dandoboy Rough Rock Total Posts: 47 Last Post: 11/19/2005 Member Since: 6/12/2005 |
I was just browsing the Tiffany website for kicks yesterday, and they have added a Canadian site with Canadian prices now. What I can't get over is the price range they give for a 1 carat stone. Knowing they label all stones as "Tiffany-cut" and refuse to differentiate them as Ideal, Very Good, etc, the only two variables left to affect price are colour and clarity. I was told once that Tiffany rings start at about $12,000 and go up to around $25,000 approaching D,IF. How is this price range justifyable then? ***Quote directly from the Canadian Tiffany website*** "A Tiffany one-carat diamond engagement ring will be priced from approximately CDN$12,600 to CDN$46,700." |
| Posted: 8/16/2005 10:32:35 AM | |
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There are 12 replies to this message. There are 12 replies on this page. |
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| P: 8/16/2005 10:54:56 AM | |
aphisiglovessae Ideal Rock Total Posts: 1,140 Last Post: 6/26/2007 Member Since: 4/15/2005 |
1 Canadian dollar = 0.835561 U.S. dollars Therefore CDN$47,000.00 = US$39,271.00 and CDN$12,600.00 = US$10,528.00 This is all still a lot for a 1 carat diamond, but you are really paying for the Tiffany name.
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| Posted: 8/16/2005 10:54:56 AM | |
| P: 8/16/2005 10:57:11 AM | |
VuittonGal Cut Rock Total Posts: 364 Last Post: 9/12/2006 Member Since: 6/22/2005 |
I believe that sounds about right. Maybe a little high, but overall accurate. I was looking at their Web site a while ago and it said a Tiffany-quality one-carat engagement ring runs from approximately $9k to $30-something k. That's crazy!
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| Posted: 8/16/2005 10:57:11 AM | |
| P: 8/16/2005 10:59:12 AM | |
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JD_MD Rough Rock Total Posts: 57 Last Post: 9/14/2005 Member Since: 5/23/2005 |
A quick check on Blue Nile shows most ideal cut GIA Ex/Ex or AGS0 D color IF diamonds are in the $18-$21K range. Add 20% because it comes in the famous "Blue Box" and there you go...$25K. The price range is justifiable because of the laws of supply and demand....there are people who are willing to pay $25K for a 1ct D IF from Tiffany so therefore by economic definition, $25K is the market price.
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| Posted: 8/16/2005 10:59:12 AM | |
| P: 8/16/2005 11:00:23 AM | |
Matatora Ideal Rock Total Posts: 8,230 Last Post: 7/26/2006 Member Since: 3/6/2005 |
Before I became unsure that I wanted a solitatire I spent a lot of time drooling the Tiffany web site. The local Tiffany's (Short Hills mall) told me that the one carat rings start at 8000$.
-Matatora Courage is the price that life extracts for granting peace Most of the change we think we see in life is due to truths being in and out of favor. |
| Posted: 8/16/2005 11:00:23 AM | |
| P: 8/16/2005 11:36:02 AM | |
jcrow Ideal Rock Total Posts: 6,477 Last Post: 11/22/2009 Member Since: 8/8/2005 |
My BF and I were in Tiffany's over the weekend. We looked at a 2 carat RB solitaire. It was priced at $59,000...
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| Posted: 8/16/2005 11:36:02 AM | |
| P: 8/16/2005 11:39:53 AM | |
Blue824 Ideal Rock Total Posts: 1,614 Last Post: 10/28/2009 Member Since: 12/15/2004 |
When I went to Tiffany with a friend, we looked at a one carat a while ago and it was like 10 or11k, which seemed to fall into what i figured it would be for a tiffany ring of that size. Their site says: "Tiffany diamond engagement rings are offered from just over $1000 to over $1000000. A Tiffany one-carat diamond engagement ring will be priced from approximately $9500 to $35300." Since that is a general statement on their rings, and not just about the solitaire, I'm assuming that might include a one carat legacy, because I know those were super pricey, but have those gorgeous settings. ETA: The prices I was quoting are all USD
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| Posted: 8/16/2005 11:39:53 AM | |
| P: 8/16/2005 12:10:00 PM | |
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Matatora Ideal Rock Total Posts: 8,230 Last Post: 7/26/2006 Member Since: 3/6/2005 |
I thought 40,000USD sound high...geez. Hmm I wonder if they discount things for you a wee bit if you shop their often enough. Perhaps I will have to go to Short Hills again before I go back to Alabama...Dective KK at work!
-Matatora Courage is the price that life extracts for granting peace Most of the change we think we see in life is due to truths being in and out of favor. |
| Posted: 8/16/2005 12:10:00 PM | |
| P: 8/16/2005 12:20:44 PM | |
blake Rough Rock Total Posts: 25 Last Post: 4/26/2006 Member Since: 7/11/2005 |
Retail prices in Canada for diamonds and jewellery have the hidden 8% luxury/excise tax (used to be 10%) built-in. I suspect the Canadian Tiffany prices are simply US prices converted to Canadian dollars plus this luxury tax. With some Canadian brokers/stores, Americans can pay in US dollars and don't have to pay the luxury tax, PST and GST.
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| Posted: 8/16/2005 12:20:44 PM | |
| P: 8/16/2005 1:38:23 PM | |
SVRider Rough Rock Total Posts: 24 Last Post: 9/28/2005 Member Since: 8/10/2005 |
I've been lurking here for about a month getting a very good working knowledge of diamonds (Thank You Pricescope!  ) and I am so glad did. This past weekend some friends and I were at the mall and we took a very quick stroll through Tiffany's to see what they had for engagement rings since I hope to be buying a ring soon. I can say I wasn't to wow'd by their selection, it could have been because they were remodeling but they only had about a 1/4 of a display case for engagement rings  . I kinda eavesdropped on their sales guy running his pitch to a couple lookin at rings. I heard something like "Well this ring is a VS clarity and this is the lowest clarity setting we carry, this is one class above SI and SI means you can see the inclusions with your naked eye". While I understand this can be possible with SI1 or 2 depending on what type of inclusion it is, I just thought he was undercutting stones that could be very nice and giving these people false information. I'm so happy I'm less uneducated  
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| Posted: 8/16/2005 1:38:23 PM | |
| P: 8/16/2005 1:50:47 PM | |
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jcrow Ideal Rock Total Posts: 6,477 Last Post: 11/22/2009 Member Since: 8/8/2005 |
SVRider, i wonder if we were in the same store? the tiffany's i was in was remodeling too.
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| Posted: 8/16/2005 1:50:47 PM | |
| P: 8/16/2005 1:52:21 PM | |
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SVRider Rough Rock Total Posts: 24 Last Post: 9/28/2005 Member Since: 8/10/2005 |
This one was at the Somerset mall in Troy, Michigan. How about yours?
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| Posted: 8/16/2005 1:52:21 PM | |
| P: 8/16/2005 1:53:54 PM | |
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jcrow Ideal Rock Total Posts: 6,477 Last Post: 11/22/2009 Member Since: 8/8/2005 |
Galleria in Houston, TX. guess tiffany's is just doing an overhaul??
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| Posted: 8/16/2005 1:53:54 PM | |
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