Podcast

Play

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

{ 0 comments }

Play

Selling a diamond with a report that doesn’t match the most known standard. What must you do that you have NEVER done? Find out on latest Diamond Answer Man show with guest Cecilia Gardner CEO of the Jewelers Vigilance Committee.

{ 0 comments }

Why you need an AGS Lab Report on your diamond! – Interview with Peter Yantzer Executive Director American Gem Society Laboratories S4EP5 Diamond Answer Man

Podcast: Play in new window | DownloadSubscribe: iTunes | Android | RSS  Wow what a great show we have ahead! Its not to often that I have guests on the show – I’m very very excited to welcome you to the Diamond Answer Man Show Season 4 Episode 5. If you are in the market […]

0 comments Read the full article →

Yikes! I Got JACKED! My Appraisal Says so. DAMS4E4

Podcast: Play in new window | DownloadSubscribe: iTunes | Android | RSSFirst in the News Reuters reports Manufacturers who cut and polish diamonds have found themselves caught between giant mining companies charging high prices for rough stones, and big retail chains that demand gems at low margins to keep sales moving. “Have you ever heard […]

0 comments Read the full article →

Diamond Reports – Its wrong – Who Cares? DAMS4EP3

Podcast: Play in new window | DownloadSubscribe: iTunes | Android | RSSDiamond Reports – Its wrong – Who Cares? Alright, you’ve heard me rant about this before! If you are buying a diamond don’t become price blind! That is where you become so focused on price that you are willing forget everything about true grading […]

0 comments Read the full article →

2 things to think about when buying your diamond – After visiting JCK 2015! Diamond Answer Man S4E2

Podcast: Play in new window | DownloadSubscribe: iTunes | Android | RSSNews First Jewelry and Diamond Sales grew over last year! US buyers still buy more diamonds than any other country. 2/3’s of all online sales are made by Brick and Mortar stores. No new diamond mines – Out of 7000 pipes only 60 are […]

0 comments Read the full article →