Are Engagement-Ring Shoppers Paying Too Much For Lab-Grown Diamonds?
The Ayla ring by Marei, 18kt gold and black enamel, with 1.56ct marquise-cut natural white diamond, … [+] from $23,000
Marei
The diamond trading and information services organization Rapaport Group took the unusual step of alerting consumers against high retail prices for lab-grown diamonds (LGD) last week, seemingly motivated by concerns for consumers’ wallets after reports of retailers pricing LGD too high. According to the Group, some above-ground stones have been trading as low as 99% below the Rapaport price list for natural diamonds, and certain retailers are not passing these savings onto consumers.
The November 21 statement illustrated the…