Trending...
- Safe Night Partners With Simsi To Offer A New Certification For Proactive Alliance With Rutgers University
- IFEZ captivates global audience with its innovative companies at CES 2025
- AI Technology Advances in 2025, Fully Automated Solutions Reach the Investment World
LAS VEGAS ~ Consumers in Las Vegas have been warned to be wary of synthetic diamond prices, as some retailers are pricing them high by comparing them to natural diamonds. According to Martin Rapaport, Chairman of the Rapaport Group, this is a dangerous practice as synthetic diamonds are trading at 98% below the Rapaport Price List for natural diamonds.
The difference in prices between retailers can be staggering; Walmart sells a 3 ct., Round, F-G, VS1-VS2, synthetic diamond solitaire ring for $2,975 while Signet's Blue Nile sells a similar 3.00 ct., Round, G, VS1 synthetic diamond solitaire ring for $8,190 - a 275% difference for the same ring.
More on nvtip.com
Rapaport believes that some jewelers are pushing synthetic diamonds because they can make huge profit margins from them. However, he warns that this won't last as synthetic diamond prices are crashing to hundreds and even tens of dollars per carat due to their unlimited supply.
He also cautions consumers against spending thousands of dollars on synthetic diamonds as they do not retain value like natural diamonds do and may end up overpaying.
"Consumers must be careful when buying synthetic diamonds," said Rapaport. "There is a high likelihood they may overpay as synthetic prices are crashing. Some jewelers are promoting the sale of synthetic diamonds as a replacement for natural diamonds because it allows them to make windfall profits."
For more information about synthetics and their pricing visit Rapaport.com/synthetics.
The difference in prices between retailers can be staggering; Walmart sells a 3 ct., Round, F-G, VS1-VS2, synthetic diamond solitaire ring for $2,975 while Signet's Blue Nile sells a similar 3.00 ct., Round, G, VS1 synthetic diamond solitaire ring for $8,190 - a 275% difference for the same ring.
More on nvtip.com
- Holabird's huge, four-day Desert Riches Auction, Jan. 31-Feb. 3, features over 2,100 lots in many collecting categories
- Kaplan Morrell Attorney Ronda Cordova Recognized in The Best Lawyers in America® for Workers' Compensation Law – Claimants
- BEPeterson awarded Air Flask order from the Navel Supply Systems Command (NAVSUP)
- pi00a Takes the Grand Prize at 2025 SFA Winter Fancy Food Show Fancy Face-Off Pitch Competition
- RE1 Advisor Introduces RE1 Disaster Recovery
Rapaport believes that some jewelers are pushing synthetic diamonds because they can make huge profit margins from them. However, he warns that this won't last as synthetic diamond prices are crashing to hundreds and even tens of dollars per carat due to their unlimited supply.
He also cautions consumers against spending thousands of dollars on synthetic diamonds as they do not retain value like natural diamonds do and may end up overpaying.
"Consumers must be careful when buying synthetic diamonds," said Rapaport. "There is a high likelihood they may overpay as synthetic prices are crashing. Some jewelers are promoting the sale of synthetic diamonds as a replacement for natural diamonds because it allows them to make windfall profits."
For more information about synthetics and their pricing visit Rapaport.com/synthetics.
Filed Under: Business
0 Comments
Latest on nvtip.com
- Willog to Showcase Its Logistics Intelligence Solutions at Manifest 2025
- Has the Key to Keeping Your Resolutions Been Here All Along?
- Alliance Homecare Appoints Amy Romero as CMO to Drive Growth of TrustHouse, Private In-Home Nursing and Concierge Care
- Windsor Brokers Launches 2% Interest on all Trading Accounts
- JAS Canvases Now Available Online
- K9 Technology President Files a Lawsuit Against Google LLC
- Global Fight League Unveils Details For Friday's Virtual Draft
- RE1 Advisor Announces the Hiring of Brenda Schuyler
- Olight Lights the Way at SHOT Show 2025 with Pioneering Innovations USA - English USA - Deutsch
- Uriel Medrano Joins RE1 Advisor as Property Manager/Realtor
- OneSolution® Dental Implant Centers Celebrates Over 15,000 Successful Full-Arch Cases
- Des Moines Home Buyers, LLC: Trusted Professionals Offering Cash for Houses Since 2006
- K2 Integrity Appoints Jason Straight as Senior Managing Director for Cyber Resilience and Digital Risk Advisory Practice
- Rosen Law Firm Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation - LNW
- DogFriendlyLasVegas.com Launches the Largest Online List of Dog Parks in Las Vegas
- 7 years ago a vision was born. Today 700+ clients are thriving with Cyntexa's expertise
- Infinity Garage Door Repair Offers 24/7 Emergency Service & Smart Home Upgrades in Las Vegas
- SlotCycle Raises $5.6M to Transform Secondary Gaming Equipment Market, Led by Discerning Capital
- Integris Composites Debuts its Concealed Response Shield System; 'Situational Armor' for Active-Shooter Responders When Seconds Count
- FOLKS Expands With The Launch Of FOLKS USA