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Speaking of price increases...

DoubleASDoubleAS
500 Comments
in New Jersey
Has anyone been following the price increase on diamonds?  Will anyone be getting a new appraisal?  We just ordered my wedding band on Thursday and we think we're going to get my ring reappraised when my band gets appraised..

Supposedly the value has gone up about 40%?
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Re: Speaking of price increases...

  • GolfChick78GolfChick78 member
    100 Comments
    edited December 2011
    Let's face it; the diamond plus the gold that's holding it.  It's all gone crazy.
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  • DoubleASDoubleAS
    500 Comments
    edited December 2011
    In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/local-wedding-boards_new-jersey_speaking-of-price-increases?plckFindPostKey=Cat:Local%20Wedding%20BoardsForum:90Discussion:bb850b40-6ce7-4ed5-ac78-5eaf4981fe3dPost:435434d9-9e86-4aa6-94b4-d57c7842f3d5">Re: Speaking of price increases...</a>:
    [QUOTE]Let's face it; the diamond plus the gold that's holding it.  It's all gone crazy.
    Posted by GolfChick78[/QUOTE]

    You're not kididng.. both of my rings are platinum but the prices between gold and plat weren't an extreme difference since gold keeps going up.  I just can't believe how insane the prices have gone.
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  • TripleJTobeTripleJTobe
    500 Comments
    edited December 2011
    That's true! Platinum and gold are very close at this point. Diamonds have absolutely increased however they will always increase for as long as they remain a popular choice. Im not sure how close your original appraisal was to what the actual purchase price is. To be on the safe side, you can always get a "second opinion appraisal." There's nothing wrong with doing that. :o)

    Dont forget, unless you go to a trust jeweler that you or someone you kow has dealt with before, be sure o have the appraisal done in front of you. I don't trust anyone with my ring, other then my jeweler. That little rascal doesnt leave my site :o)   
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  • shoebieshoebie member
    Sixth Anniversary 1000 Comments
    edited December 2011
    We bought our bands a year in advance becasue the prices wont stop going up 
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  • DoubleASDoubleAS
    500 Comments
    edited December 2011
    In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/local-wedding-boards_new-jersey_speaking-of-price-increases?plckFindPostKey=Cat:Local Wedding BoardsForum:90Discussion:bb850b40-6ce7-4ed5-ac78-5eaf4981fe3dPost:178114f7-f401-484d-9e17-395278183bba">Re: Speaking of price increases...</a>:
    [QUOTE]That's true! Platinum and gold are very close at this point. Diamonds have absolutely increased however they will always increase for as long as they remain a popular choice. Im not sure how close your original appraisal was to what the actual purchase price is. To be on the safe side, you can always get a "second opinion appraisal." There's nothing wrong with doing that. :o) Dont forget, unless you go to a trust jeweler that you or someone you kow has dealt with before, be sure o have the appraisal done in front of you. I don't trust anyone with my ring, other then my jeweler. That little rascal doesnt leave my site :o)   
    Posted by TripleJTobe[/QUOTE]

    You're SO right... you have to go to someone you trust.  It's so easy to get ripped off esp in this economy.  My inlaws have been dealing our jeweler for about 15 years.  My ering was made custom by him & he gave my fiance an amazing price... & the appraisal price is $6400 over what he paid.  He is making my wedding band now and the price he gave us was great (considering the rise in prices) for what we are getting.  That little guy won't be leaving my finger either, lolllll

    Shoebie-  you guys did the right thing... The earlier, the better!  <img src="http://cdn.cl9.vanillaforums.com/downloaded/ver1.0/content/scripts/tinymce/plugins/emotions/images/smiley-kiss.gif" border="0" alt="Kiss" title="Kiss" />
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  • Pharo47Pharo47
    100 Comments
    edited December 2011
    We picked out our wedding bands pretty early and I paid for them immediately knowing that precious metals and diamonds would continue to rise ( I'm in finance so this is constantly in front of me). Good call on mentioning this. I have to sit down and reevalulate my policy on my wife's engagment ring. Her mother is no longer in the business so I won't have the hook up that I use to have and without it I probably couldn't have afforded my wife's ring at the time I bought it.
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