5 Things I HATE about LAB DIAMONDS - Learn the biggest CONS of Lab Diamond Buying.

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Now, last time I uploaded, I had a video that said five things I Love about Love Diamonds. So to be fair, today I'm going to discuss five things I hate about love diamonds. Let's get into it. The number one thing I hate is the lack of resale value. Yes, lab diamonds do have less resale value. But I have a couple of things to discuss in that realm.
You're getting 50% back at best. If you go to a jewelry store or pawn shop, most people get $0.20 on the dollar for most diamonds. Remember, jewelers need to make money too. They get it on their wholesale level pricing. They're going to not they're going to they're going to give you they're going to make a sweeter deal and give you less money so they could profit more.A lot of the online vendors that I support, they have a trading policy. So let's say you want to upgrade your diamond. Well, as long as you buy double the price point, you can upgrade your diamond and return the other one. Now, that sounds scary, but lab diamonds are already affordable. So we're a lab diamond, might be 3500 for a two carat.
That's like 18, 19,000, you know, and a natural diamond. So to double that natural diamond, you're talking about $40,000. And to double the lab diamond, you're talking about 20 $500, $3,000, $4,000, which is a lot more manageable if you want to upgrade your diamond. Okay. Second point, you could sell it online on eBay or offer up Facebook Marketplace and in fact, there's a video right up here about resale that I made that I was actually able to prove that someone got as much back as they pretty much would have if it was a natural diamond percentage-wise.
They got 50, 60% back, which is a natural amount you get when you sell a diamond, natural or lab. So in theory, yes, it has poor resale value because pawnshops are not going to want them. Most jewelers are not going to want them. If you walk into a jewelry store. But to be honest, even if it was a natural diamond would be losing so much money.
That is it really a huge positive, like the resale. Like if this is a diamond that's forever or if you're planning on proposing, the resale shouldn't matter that much. What should matter is the up upgrade policy. So if you buy from a good qualified vendor like the ones on my website, you have the upgrade policy that you simply just double the money and you get a bigger diamond or maybe instead of upgrading, you could do an earring, make an earring out of that diamond, buy another pair of lab labs.

[davidcaloca]

1. Resale - i dont plan on selling it
2. Establishment - i dont care what people think
3. Perception - i still dont care what people think
4. Availability - I’m not afraid to buy online
5. Confusion - my partner isn’t an idiot and this channel is informative

Basically there are no cons

[ununpentium]

Why I like lab diamonds: I bought my wife’s diamond from a wholesaler for a $1585 and took it to a well known jewelry company to compare it to a natural diamond. They had the same diamond in all specs at $46, 950. Side by side my lab diamond shined brighter

[Juangalt]

I'd rather get 25% back on a lab diamond that cost $3, 000 than 50% back on a natural diamond that cost $30, 000.

[stockey]

You don't like Lab Diamonds, because you don't make enough profit with them, a diamond is a diamond, so i will take the Lab Diamond.

[conchobar]

The only resale value you lose on a lab grown diamond is the money you didn't pay upfront. All diamonds, natural or lab grown have poor resale value. The gold/platinum band/setting is the only aspect of diamond rings that have good resale value.

[mamahustru]

It took me a moment to wrap My mind around lab diamonds until someone put it to me like this;

Would I call My child born through IVF less of a child because he was made in a glass? 😳

I was shocked at that explanation but immediately understood it.

A Diamond is a Diamond.

[CajunCoyote]

If you spend 5x more money on something that's identical purely because you care what people think of you, you have a problem.

[Sidicas]

These poor diamond dealers are so scared that soon the best diamonds are going to be obtained from a little baggie at the bottom of a cereal box. Price and value of diamonds should have crashed years ago but DeBeers and others are now withholding mined diamonds from the market to keep the market price high as much, and for as long, as possible. Which, by the way, is illegal price fixing. However, because they changed their official place of business to be in Africa and other 3rd world countries it makes it difficult to go after them.

[momma-kins]

Why do you have to TELL anyone what "type" of diamond you have. IT'S A DIAMOND. Talk to your SO & see if they'd rather have a smaller natural diamond or a larger lab. SHE'S the ONLY PERSON WHO NEEDS TO KNOW.... You have amazing videos! Thank you for all your hard work. Your honest & obviously love what you do! 😊

[Jordan-jorh]

I love how calmly you speak. It really helps drive your point. Great video‼️

[marilyngold]

You're the reason I got interested in lab diamonds. Thank you. Great information, as usual!

[HC-ovhh]

Always wanted at least a 1 ct for my GF but times are tough. LGD I believe is great and makes sense environmentally and humanely

[foreseengust]

Diamonds aren't meant to be an investment, they just have to be pretty and stand up to daily wear. Natural diamonds are a great way to throw away a bunch of money for an inferior product. Natural diamonds are artificially inflated in price, everyone knows it. My engagement ring is natural, and I told my fiance that I'd rather have lab made, which I prefer the look of and is cheaper, but he insisted on spending more money. I don't wanna wear it because I'm afraid of losing it and it doesn't look how i wanted it to look.

[tracyc.]

First I love you videos! Perception or talking to someone about your diamond is like talking to someone about your salary, your sex life, your income; nobody discusses it. Why would you even say that it's a lab diamond? Rock your "rock" and leave it at that. It's really no one's business whether it's natural or lab. Also thank you for mentioning the horrible resale value of natural diamonds but also mentioning the lousy resale value of a lab diamond too. Wedding rings aren't supposed to be sold anyways but I do see your point regarding upgrades. Lab diamonds are affordable enough that people should be able to get the size they want initially and then keep it until death do they part.

[victoriachen]

I never understand the poor resale argument. If a lab 2ct stone costs like $5k (probably less these days), and a natural 2ct of the same quality costs $10k (probably more honestly) but I lose 50% value when I then go and resell it and I’m net negative $5k, how is that better than just buying the lab diamond which cost me what I would’ve lost in resale value? when I upgrade I just don’t sell my original lab stone, I’m still the same $5k net negative but I get to keep the lab diamond. Or if I resell the lab stone on Facebook market etc and lose 50% value then I’m only losing $2500 instead of $5000. I just don’t understand.. as long as the lab grown substantially less than a natural, the resale issue favours lab growns.

Also even if you have an upgrade policy for a natural stone as long as the new purchase is 2x the cost, if you’re in the position to be spending 20k total on a diamond, are you really going to be sweating the extra few thousand you spent on a lab grown that you in theory can’t get back from reselling it? Wouldn’t you rather keep the original lab stone for sentimental reasons and then just pay for the upgrade?

[stellah]

i love that the negatives are really in fact positives! You're my favorite diamond resource

[bryce]

🤣 “When you find that unicorn you hold on tight” quote of the day!

[Rantsack]

I am GIA certified as well but I *LOVE* lab diamonds.

[monadotson]

Love your website. I learned a couple of things I didn't know but overall you and I feel the same on lab diamonds. Thank you

[sjay]

The only way to know that any diamond is right for you is to see it next to 2 or 3 other diamonds that are the same price and under the same light. This side by side comparison will always show you the nicest diamond. The other diamonds, which don’t pop out at you will be returned and eventually sold online sight unseen.