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Is the diamond economy bad enough to upgrade diamond?

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elnino2783

Rough_Rock
Joined
Mar 27, 2008
Messages
23
Hey everyone, Last April I got engaged and picked out a really nice diamond with all of your help. Here''s a link to the info about the ring I bought (all specs included):
https://www.pricescope.com/community/threads/shaneco-shane-classic-0-76-ct-round-your-thoughts.82388/

Basically, I was wondering whether or not the current economy has brought down prices enough to make it worth upgrading.

I had paid $4725 for the diamond, $1000 for the bridal set, and when I appraised everything as one (set diamond in the whole bridal set), it was valued at $6770.

I was wondering if a larger diamond today could be had for close to the same price as the old diamond. Basically I would be taking advantage of Shane Co.''s upgrade policy that says to upgrade my diamond I would only have to pay $1 more than I had paid for the original diamond.

Thanks in advance for your help, and I''ve included a picture of the diamond set in the ring .

jnetRing2.jpg
 

Imdanny

Ideal_Rock
Joined
Jan 21, 2008
Messages
6,186
Isn''t that company in some kind of bankruptcy reorganization? I''d look into that first, and if that were the case, I''d stay away.

I''d like to say that I like what you already have! I wouldn''t upgrade it, I don''t think. What about it do you want to upgrade? I think it''s beautiful.
 

peaches

Shiny_Rock
Trade
Joined
Mar 27, 2009
Messages
436
I hadn't heard that about Shane & Co.!

I've had a couple of jeweler's mention that now is probably a better time to buy diamonds than when the market is more stable (neither of them was attempting to make a sale). Whether "better time" means "rock bottom cheap" is another story, though. But I guess diamonds probably won't get any CHEAPER in the near future.

Have you tried pricing any of Shane & Co's current diamonds? I guess it couldn't hurt to look around. Though I agree with imdanny -- the current ring is gorgeous!
 

elnino2783

Rough_Rock
Joined
Mar 27, 2008
Messages
23
Yeah I did here they filed for something like Bankruptcy protection but I''m already stuck with a year old ring from them so I figured I''d make the most out of their exchange policy and the current economy if I could. And yeah we are very satisfied with the current diamond, just always willing to get a larger diamond if it is of equal or better quality.
 
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