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1ct US$1300 with platinum setting

Discussion in 'RockyTalky' started by EncikG, May 4, 2019.

  1. EncikG
    Shiny_Rock

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    by EncikG » May 4, 2019
    D005ACF0-B867-42D6-851B-3916E3FDA329.jpeg

    The following have been making its run in the local context, with options up to 5cts.
    After conversion, it’s abt US$1300 and comes with a 6prong platinum setting.

    Granted that IGI has dubious grading and you really have no idea of color or clarity but a quick browse on even dropshippers, makes the price hard to beat. There is nothing in the ad that suggest it is not a mined stone....is it ?

    Wondering if I could get some opinions on how this is possible.
     
    Last edited: May 4, 2019
    


    


  2. kmoro
    Brilliant_Rock

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    by kmoro » May 4, 2019
    I strongly suspect they are lab-created. I looked at a bunch of the company’s ads and blog articles ... they seem very careful to say “real” diamond and never ever ever say “natural.” Usually if it seems too good to be true, it is ... hopefully we’ll find out. In the US, several companies were in trouble for not making it apparent that the diamonds they were selling were man-made .. this company is based in Singapore and my not be up against any laws yet ... and based on other articles, this company is far from ethical too.

    ETA: https://www.pricescope.com/community/threads/new-ftc-guidelines-for-jewelry.242358/
     
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  3. Bron357
    Ideal_Rock

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    by Bron357 » May 4, 2019
    It is a man made diamond. If you check the IGI certificate, very hard to make out, but in the “comments” you can see MMD and a number is noted. This number is inscribed on the girdle as is required for all man made diamonds.
    IUIGA make a point of avoiding the term “earth mined” as well as “man made”.
     
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  4. Bron357
    Ideal_Rock

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  5. EncikG
    Shiny_Rock

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    by EncikG » May 4, 2019
    Thanks. Yup, I tried to read the fine print and any indication that it’s lab grown but wasn’t sure where to look
     
  6. Paul-Antwerp
    Ideal_Rock
    Trade

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    by Paul-Antwerp » May 4, 2019
    Interesting, and great digging.

    Facts, as per the website offering:
    - The website is not producing the product. It comes from a producer, unknown to the public.
    - IGI-grading is optional at a cost of 300 SGD. Thus, the 'diamond' comes without grading-report.

    Interesting claims:
    - Color is predicted to be in the HIJ-range.

    So, we have:

    - Uncerted diamond, offered at an illogically low price.
    - Limited to a color-range, which happens to be the most occurring (and generally highest) color-range of synthetic diamonds, produced in the CVD-process.
    - A product presented in a very generalized, commodity-way, unusual for this type of product.

    All indications are that these are synthetic CVD-diamonds, not properly disclosed as such.

    Live long,
     
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  7. EncikG
    Shiny_Rock

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  8. OoohShiny
    Ideal_Rock

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    by OoohShiny » May 4, 2019
    What is the P in 'Clarity Grade: VS-SI-P' ??
     
  9. bmfang
    Brilliant_Rock

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    by bmfang » May 4, 2019
    I would suspect it means Pique. In other words, an Included clarity grade.
     
  10. bmfang
    Brilliant_Rock

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    by bmfang » May 4, 2019
    At that price, that is not too shabby.
     
    


    


  11. tyty333
    Super_Ideal_Rock

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    by tyty333 » May 4, 2019
    And cut grade of "Very Good".
     
  12. EncikG
    Shiny_Rock

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    by EncikG » May 4, 2019
    E3DFD39F-A1D2-4009-99BC-7E67B182858B.jpeg

    I guess man made diamonds can also be considered ‘actual’ diamonds
     
  13. kb1gra
    Brilliant_Rock

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    by kb1gra » May 4, 2019
    they can, at least per the post further down the forum about new FTC standards for jewelry.
     
  14. rockhoundofficiando
    Shiny_Rock

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    by rockhoundofficiando » May 4, 2019
    Actual photos of these diamonds would be helpful but perhaps they don't want to scare off customers!;)2
     
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  15. Bron357
    Ideal_Rock

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    by Bron357 » May 4, 2019
    The question to ask is “are these mined from the earth actual diamonds or are they grown in a laboratory actual diamonds? And why are you charging $300 for an IGI certificate if they only charge $150 for this service?
    I’d like to see how they answer !
     
    


    


  16. bmfang
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    by bmfang » May 4, 2019
    I have asked that exact question (mined diamonds or laboratory grown) as has another person on the Facebook post. No response at all yet from them.
     
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  17. EncikG
    Shiny_Rock

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    by EncikG » May 4, 2019
    The discerning will be able to pick them out but I’m sure many others would fall prey on the words. While the product ‘maybe’ the same, how it’s derived is contentious.

    A good analogy I can think of is Eggs.
    Cage eggs: quite explanatory
    Barn laid: what’s the definition when there can be just as many chooks per sq footing as cage.
    Free range: is it just in the open? what’s the realestate definition for an egg to qualify for free range.
    Organic: even more contentious. Does it relate to the feedlots? The roaming real estate or the fact that it’s not subjected to growth stimulants and antibiotics?

    While the product is the same, an egg. The definition of it’s creation is contentious
     
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  18. Bron357
    Ideal_Rock

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    by Bron357 » May 4, 2019
    You can tell by the way they make a concerted effort to avoiding words that clarify if the diamonds are from the earth OR from the lab.
    They use words like “actual” “real” “as genuine as reality can be” without saying words like natural or earth mined.
    The other interesting thing is “no returns” accepted (maybe under Singapore law there is no obligation to offer a return / refund policy) and you can’t “pick” your diamond. You get one at the size ordered but colour and clarity is variable and unknown until you see your ring, and bad luck if you don’t like it.
    A bit moot anyway, website says “out of stock”.
     
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  19. bmfang
    Brilliant_Rock

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    by bmfang » May 6, 2019
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    They finally responded to me. And quoted the FTC guidelines. They’re lab grown as we all suspected.
     
  20. bmfang
    Brilliant_Rock

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    by bmfang » May 6, 2019
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    And one Singaporean consumer feels duped by the advertising (see her response after mine)...
     
  21. kb1gra
    Brilliant_Rock

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    by kb1gra » May 6, 2019
    Just because it’s a lab diamond doesn’t mean it is automatically D/IF. I don’t understand the comment that color/clarity grades are only used to describe mined diamonds.
     
  22. bmfang
    Brilliant_Rock

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    by bmfang » May 6, 2019
    That person is a fair representation of most consumers. They have been taught that descriptors like a H VS1 are two C’s of the four when one is looking for a mined diamond. They don’t realise that lab grown stones are also graded to the same standards as mined stones.
     

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