Season 4 Episode 7 Girls Best Friend or Foe – synthetic diamonds. Worth is relative to how much you can sell something for. A house for example can generally be purchased and then resold fairly soon, for approximately the same selling price, all conditions same. However, try selling a knock off of a brand or […]
Season 4 Episode 7
Girls Best Friend or Foe – synthetic diamonds.
Worth is relative to how much you can sell something for. A house for example can generally be purchased and then resold fairly soon, for approximately the same selling price, all conditions same. However, try selling a knock off of a brand or clone of any item and how much can you sell it for.
So what does this have to do with synthetics diamonds.
Synthetics
Pricing in 30 years what is your diamond worth
History
Shows that with time production efficiency increases and costs to produce decreases along with competitors entering into the market
Synthetic Emeralds
Have lost 80%
Average Retail Price for a Standard Gem Chatham 1ct RD is 370.00
Cubic Zirconium
1970’s 40pct equivalent to 147.06 adjusted for inflation 2015 today Wholesale
Better Quality CZ at wholesale about 3.00 pct
98% deduction
Though there are some branded CZ’s that sell for 100pct today.
Synthetic Diamonds
Started out about advertise they were 30% less than Natural
IGI reports
Problem comparison
Pedigree Problems
discounts vs top tier labs
21% Discount
only 14% compared to IGI naturals
Not as big of a difference
Not using Top Tier Reports
All over the internet lab opinions
Ask for GIA
What will they be worth 10, 20 or 40 years from now.
Well I don’t know but my guess is that you will be able to buy a synthetic diamond for 100-150 dollars in the next several decades.
If you have any questions you may call me at 803-792-1326.
Do you have a different opinion? Do you have any advice? Do you disagree? Let me know! I would love to hear from you!
J. Christopher Guritz
Season 4 Episode 7
Worth is relative to how much you can sell something for. A house for example can generally be purchased and then resold fairly soon, for approximately the same selling price, all conditions same. However, try selling a knock off of a brand or clone of any item and how much can you sell it for.
So what does this have to do with synthetics diamonds.
If you have any questions you may call me at 803-792-1326.
Do you have a different opinion? Do you have any advice? Do you disagree? Let me know! I would love to hear from you!
J. Christopher Guritz