| Originally Posted by JaimeLynne |
Wow, that is a huuuuge difference! Our budget starting out (retail) is much smaller - max of $5k and that's pushing it. The Kay ring setting is $1200, do you really think a jeweler could beat that price by more than a couple hundred dollars? And do they get diamonds cheaper for some reason? I guess I'm just not very educated on all this yet.
we went to a custom jeweler in chicago diamond district on wabash ave. my FI didnt want to spend more than 10K or else risk going into debt which i agreed was a bad idea, so i didnt expect to get a decently sized ring. we took a photo of the tiffany novo to the custom jeweler. i got a WG setting, same pave diamonds on the side as the tiffany novo. my center stone was a loose diamond (cushion cut) we picked with the custom jeweler and is 1.3 carats, the pave diamonds on the band add up to .2 carats, so my ring is a total of 1.5 carats of diamonds, there are 7 pave diamonds on each side of the center stone. its stunning. i had one change made to the design - i had it cathedral set, because the way the novo was, i would catch it on everything and snag clothes and stuff.
my ring cost just slightly over $5K and is appraised at $9K retail value.
basically when you buy retail, you are paying a HUGE markup for the costs associated with running a chain business (i.e. rent, electricity bills, etc etc etc). going to a custom jeweler in a diamond district will save you tons of money because they dont pay for an expensive storefront rent!
if you want, i can PM you all the specs of my ring. you really should be educated about your options before buying a ring -- retail IMHO is not the way to go. my FI basically saved $12K by buying from a custom jeweler in the diamond district because the tiffany ring wouldve been about $18K with tax added on. my ring looks almost identical to the tiffany novo except that its cathedral set. it was a much better value, i got a nicer quality bigger stone for a whole lot less money.