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For Sale 20 Pointer Shared Prong Round Eternity Band Lab Diamond

OoohShiny said:
If we break it down, it's 17 stones + the metal + the work to cast, polish and put it together + sales taxes.

I don't know what the sales taxes are locally but let's say it's 20%, which is not unusual. That would give c.$4k before tax.

Let's say $800? for the metal + work to create it, that leaves c.$3200.

$3200 / 17 = c.$188 per stone.


Ritani has 0.3ct G VS2 MMDs for sale at $155 cost to the purchaser

https://www.ritani.com/lab-diamonds/round-lab-diamond-0-3-Carat-G-color-IGI-certified/D-1JJMM57

the price of which they have detailed as being made up of:

Our Cost: $113.99
Fulfillment Costs: $8.53
Mark-up: $32.48

so around 25% of the retail price is retailer costs/markup.


They are selling 0.39ct (so almost 0.4ct) G VS2 at $201, so around $45 more than 0.3ct:

They don't have any 0.2ct stones listed, but we could extrapolate from the above that they might be listed at around $110-120, so perhaps $68-78 less than the calculated cost per stone in this ring.


Now, it is not clear from what's been posted whether each individual stone has a GIA / IGI / GCAL grading report or whether the whole ring has some sort of 'valuation report' on it.

If it's the former, the GIA price list states that 0.2ct stones would cost $48 per stone to grade:
https://www.gia.edu/doc/Laboratory_GrownDiamond_FS_USD_2020_0101.pdf
which would mean that there is $20 -30 profit margin on top of each example stone's retail price at Ritani to get to the calculated $188 cost (120+48+20=188), and we'd have to include the 25% margin within the retail cost of a Ritani stone (so about $30).


This is all guesswork, though, and the price of MMDs seems to vary greatly depending on the quality of the rough/cut stones and the vendor.


If we are blunt/ruthless, we can say that it is not wrong that Ada Diamonds make a profit on their goods - they have to earn a living, after all - and the purchaser in this instance (as with every instance) signed up to the price and the Returns Ts&Cs as part of their purchase, so if life conspires against the ability to use those Returns procedures, that is the way the dice rolls (which is unfortunate but cannot be helped :( ).


So... It's all a bit unlucky with the timing :( and we cannot know Ada's profit margins because they are a private matter, but perhaps Ada will consider some flexibility in this instance - although, strictly speaking, they are within their rights to maintain their current position.

I hope the OP can reach a satisfactory resolution, and that the special day can happen soon!
Click to expand...

This is a fantastic breakdown, Ada Diamond's markup on their lab grown stones is just awful. Here's is a breakdown on some quotes I got from them when I was looking for my engagement ring center stone:

Help! Are these good lab diamond prices?

I'm looking at a local lab diamond seller that also does bespoke designing. I was really set on using them, but I'm concerned about the pricing of a few of the diamonds they sent to me, compared to some ones I've seen at brilliant earth. Do these prices seem fair to you? I'm unsure if I should...
www.pricescope.com

They quoted me a stone for $2650 more than it was on BrilliantEarth. (Exact same igi number). And when I pointed it out, they just ignored it.

2.63ct G VS1 Ideal Round $18400,
And found the exact same one on BrilliantEarth for $15,750, same IGI number and everything
Click to expand...


Apologies to hijack your thread @chicago123, and so sorry with how they've treated you. :( That's incredibly frustrating.

I'm so sorry about the change in your wedding plans as well, ours is in August and we're bracing ourselves for the same. Wedding planning is stressful enough, I'm so sorry you have to go through this.
 
Ada Diamonds is known to be a pricey vendor - but let’s be honest CBIs and ACAs also come at a premium (yes they also come with far better terms). This is something everybody has to research.

I think this vendor probably is struggling just as an individual in these times. Obviously the behavior isn’t very customer friendly. But this vendor probably is struggling to make ends meet and pay it’s employees?

All in all if you can’t sell this eternity ring I wouldn’t sell it with a hit. I would treasure it and keep it for next year if this is somehow possible as you will be loosing money selling it. And if you plan on buying a new one it makes no sense selling this one. It really is beautiful.

I‘m sorry to hear that these times are weighing down on you and I wish you all the strength to get through this.
 
chicago123 said:
I called on the 30th day also which is the most confusing part. I got the ring March 2 and called in April 1. I had to wait until April to cancel the vendors. Ugh perfect storm
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I use timeanddate.com to calculate how long I have to return things and it says April 1st would have been the 31st day. Just wanted to let you know in case you talk to them about this and they counter with this 31-day calculation!
B2EADCEB-5467-4D0C-8A94-4AD3D24F0CBC.jpeg
 
Appreciate everyones feedback and help. I really do and I have read each and every post.

I also see the above it would have fallen on the 31st day. They did counter 31 days.I just wish there was more that could be done. Overall, the entire customer service experience has left a sour taste in my mouth - most of my vendors were empathetic, sincere, understanding. We also completely lost our deposits on most - but at least I wasnt feeling bullied or alone. And I know they are struggling too and probably at a grander scale (florists, caterers, etc) - but their sales reps at least let me speak without telling me they would hangup if I got emotional. Who knows - I do hope I was alone in this and other brides hoping for a win during hard times didn't experience this.

Lastly I know its not fair to assume that a boutique shop isn't struggling during stressful times. Those who commented are correct and I am trying to be understanding of it. Regardless of the outcome, I will write a review of my customer experience for others after I have clarity from my bank - I did call to ask questions and they were extremely surprised at the strictness of the 1 day overlap and offered to help. To be determined in a few weeks I guess
 
Lynniiee said:
This is a fantastic breakdown, Ada Diamond's markup on their lab grown stones is just awful. Here's is a breakdown on some quotes I got from them when I was looking for my engagement ring center stone:

Help! Are these good lab diamond prices?

I'm looking at a local lab diamond seller that also does bespoke designing. I was really set on using them, but I'm concerned about the pricing of a few of the diamonds they sent to me, compared to some ones I've seen at brilliant earth. Do these prices seem fair to you? I'm unsure if I should...
www.pricescope.com

They quoted me a stone for $2650 more than it was on BrilliantEarth. (Exact same igi number). And when I pointed it out, they just ignored it.




Apologies to hijack your thread @chicago123, and so sorry with how they've treated you. :( That's incredibly frustrating.

I'm so sorry about the change in your wedding plans as well, ours is in August and we're bracing ourselves for the same. Wedding planning is stressful enough, I'm so sorry you have to go through this.
Click to expand...


Yeah I feel cheated by them - which is why I wont wear the band anyways for my wedding band. Doesnt seem right.

And I will keep you and your wedding in my thoughts. If its any consolation - my friend who is getting married in August is still confident (as am I) in the date. And when it DOES happen - just think :) - it'll be the party of the year!!
 
I am interested. I would need it to be authenticated by a trusted vendor. :)
 
usnwife said:
I am interested. I would need it to be authenticated by a trusted vendor. :)
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Of course! I’m not sure how to go about this.
But if you would at least like the official videos and images from Ada, as well as any additional ones - I can send them to you to see if you like the band and would like to proceed :)
 
usnwife said:
I am interested. I would need it to be authenticated by a trusted vendor. :)
Click to expand...

chicago123 said:
Of course! I’m not sure how to go about this.
But if you would at least like the official videos and images from Ada, as well as any additional ones - I can send them to you to see if you like the band and would like to proceed :)
Click to expand...

@oldminer and @denverappraiser are both qualified, independent appraisers who are active on this forum, and I believe they are able to offer escrow services alongside their appraisal services, so could be used as a 'middle man' for any purchase :)
 
OoohShiny said:
@oldminer and @denverappraiser are both qualified, independent appraisers who are active on this forum, and I believe they are able to offer escrow services alongside their appraisal services, so could be used as a 'middle man' for any purchase :)
Click to expand...

So very helpful - thank you!
 
usnwife said:
I am interested. I would need it to be authenticated by a trusted vendor. :)
Click to expand...

Let me know if you are still interested and I will send more images / videos for you to review before engaging the appraisers. And if you love the ring I will reach out for an appraisal :)
 
OoohShiny said:
@oldminer and @denverappraiser are both qualified, independent appraisers who are active on this forum, and I believe they are able to offer escrow services alongside their appraisal services, so could be used as a 'middle man' for any purchase :)
Click to expand...

chicago123 said:
So very helpful - thank you!
Click to expand...

@chicago123 Did you ever decide what to do regarding asking about escrow-type services by either @oldminer or @denverappraiser ? Just curious as I am thinking about selling an item and am interested in doing something similar.
 
Sorry for the late response. If this is still for sale I am interested.
 
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