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Setting fee?

Bonsai

Rough_Rock
Joined
Oct 11, 2019
Messages
44
How common is a setting fee. I worked with a jeweler in NY; he didnt charge one.
I spoke to another with a high quality sapphire I purchased. They want a $200-800 setting fee depending on the stone. Is this industry standard? I cant imagine paying $800 plus the setting just for the setting of the stone?
Also talked with another jeweler on a mokume band; he charges a setting fee whether you get the stone from him or not?
 

amoline

Shiny_Rock
Joined
Oct 11, 2018
Messages
318
A setting fee is very common. If the value of the stone is not something that the jeweler wants to assume risk for, they will typically just refuse to do the work - also fine.

$200-$800 is beyond ridiculous for a single stone setting. At local jewelers here, it's about $50 to set a stone (possibly higher if they are willing to set a stone you didn't source from them). Most jewelers will do this.
 

Bron357

Ideal_Rock
Premium
Joined
Jan 22, 2014
Messages
3,859
If you don’t buy the gem or the setting from a jeweller, you should expect to pay a setting fee. Normally it’s around $100.
Here in Australia it’s “all care taken but no responsibility accepted” if they gem gets chipped during setting. And that’s often a risk with gems like tanzanite, opals and certain shape gems.
Perhaps the higher pricing is including insurance coverage lest the worst happens? With an expensive gem, insurance won’t be cheap.
Perhaps they don’t want your business?
 

Bonsai

Rough_Rock
Joined
Oct 11, 2019
Messages
44
Green lake jewelers

I love their stuff very unique
I was told they frequently work with others stones
No big deal it seemed

when I signed up to talk with a designer that’s when they let me know the setting fee is $200-800 and that seemed super high!!! They said it “depends on the stone” so can’t give an assessment

I sent them the Gia report of my stone hoping for a more detailed estimate but that just seemed ridiculous.... and it wasn’t bc of my stone that was the price they gave before knowing what I have

for a separate ring the seller charges a setting fee for stones they buy and sell me? This also seemed odd
The fee was more if I buy my own stones but minimally more
I think like $60 if they do it with their stones or $100 mine
This was a small mokume maker
 
Last edited:

marymm

Ideal_Rock
Premium
Joined
Apr 21, 2010
Messages
3,923
I think as already mentioned in this thread, there is no "reasonable" price - the stone-setting fee will range depending on geography, vendor, stone type/size/shape/value, intricacy of setting, client history with vendor, etc.

If you think Green Lake's stone-setting fee is unreasonable, choose another vendor.

FWIW I will say that Green Lake's pricing put me off ever using them myself, even though I do believe they do beautiful work and that they stand by their work.
 

Jimmianne

Ideal_Rock
Premium
Joined
Dec 9, 2013
Messages
5,661
I have two “perfectionist” benches locally. One charged $100, which included making the prongs more delicate, and the other bench charged $150 for simply putting a diamond back in its original undamaged setting.

I hope I am not stepping on any toes, so please forgive in advance, but while I like Green Lake’s work, I find it less refined than some other benches mentioned on PS and also they seem expensive in general for what you get.
 

Bonsai

Rough_Rock
Joined
Oct 11, 2019
Messages
44
Green lake just confirmed they want $500 to set the GIA sapphire I sent and can confirm once they actually see the stone. That's a hard no. I will insure the stone and have it set with the other jeweler I used in the past in NY.
do any of you have a jeweler you recommend? I saw some on the links in the colored gemstone forum. none were my style.
 
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