Quick Answer: Which Country Has The Best Quality Diamonds?

Which country has cheapest diamonds?

IndiaThere are two main reasons why India is the cheapest country to buy diamonds: 1) importation taxes, and 2) retail mark-ups..

Why is Blue Nile so cheap?

Despite its low prices, Blue Nile is a completely legitimate business. Blue Nile diamonds are GIA certified. The reason why their prices are so low is because they operate on lower margins and do not have expensive brick-and-mortar stores.

Are Costco Diamonds good quality?

Costco Diamonds Review Conclusion You won’t be disappointed with the quality of your purchase. However, Costco is nowhere near close to offering the best price for quality diamonds. If you are buying an engagement ring or stud earrings, you can get far better value and service using a legitimate online retailer.

Why is James Allen so cheap?

Cheaper prices: Since James Allen is an online store and does not stock their own diamonds, they save a lot on overhead cost. This allows them to offer better pricing to consumers.

What are the best quality diamonds?

Why SI diamonds and VS diamonds are the best value While the extremely rare Flawless (FL) or Internally Flawless (IF) diamonds are the highest quality diamond clarity, you may want to consider a diamond that won’t break the bank.

Why are Zales diamonds so cheap?

You Better Read The Fine Print And Check Details. Generally, when it comes to buying diamonds, unbelievably low prices guarantee garbage quality. You see, high quality diamonds are never on sale because traders and consumers are willing to pay more for them. … This is the real reason why Zales diamonds are so cheap.

Is Kay Jewelers or Zales better?

High quality products, great prices, and nice, respectful sales people. I feel the selection is different. There were no rings that I even wanted to try on at Kays, but several I loved at Zales. … In my opinion, I think zales has the same quality jewelry as kays but has much better prices!

Which country is rich in diamond?

RussiaRussia. Home to arguably the richest and largest diamond resources in the world, Russia tops the list with more than 12 open-pit mines. With mining starting in 1947, Russia now tops the world’s diamond production hierarchy. It is also the world’s largest exporter of rough diamonds by volume.

Who owns the most expensive diamond in the world?

It was named after its former owner, the late Sir Philip Oppenheimer, a diamond dealer whose family owns the influential diamond company De Beers. The Oppenheimer steals the title of world’s most expensive diamond from the 12.03 carat “Blue Moon of Josephine,” which held the previous record at $48.4 million.

Who owns most of the world’s diamonds?

Thanks to a stockpile of the world’s rough diamond supply, indelible marketing schemes and even negotiations with foreign governments for their diamonds, De Beers — owned by the Oppenheimer family since the 1920s — has been the most important name in one of the world’s most lucrative businesses for almost a century.

Does Kay Jewelers sell fake diamonds?

Diamonds are supposed to be forever, unless, as some consumers are alleging, you shop at Kay Jewelers. Some customers are claiming that after they took their diamond jewelry to Kay Jewelers, the rare stones were mysteriously replaced with cheap imitations.

Is Zales overpriced?

Zales jewelry or a mall stores are extremely overpriced, that is why they are always 50-70% sales. Even after these ridiculous sales you will be over paying for inferior quality gems. Look at places like international diamond exchange for a better price and quality of jewelry.

Can you haggle at Tiffany’s?

Shiny_Rock. Tiffany will not negotiate on price and they don’t offer one-year financing, although I think they offer some sort of shorter-term payment plan. When you buy Tiffany engagement rings, you pay a huge premium for the name.

Where are the best diamonds from?

CountryDiamond Production in 2015 (in carats)Average Value Per CaratRussia41.9 million$101Botswana20.8 million$144Dem. Rep. of Congo16.0 million$8Australia13.6 million$236 more rows•Jan 13, 2017