Are Spence Diamonds overpriced?

Are Spence Diamonds overpriced?

The Price. Spence Diamonds are extortionately priced for the quality. On average they come in around 40% more expensive than online competitors such as Whiteflash, Blue Nile and James Allen.

What happened Spence Diamonds?

Private equity firm Lion Capital has purchased Canadian jewellery retailer Spence Diamonds for an estimated $125 million, according to Fortune Magazine.

What type of retailer is Spence Diamonds?

Spence Diamonds is a Canadian retailer of diamond jewellery owned by the British firm Lion Capital. As of September 2021, the chain operated eight locations across three Canadian provinces.

Can you negotiate with Spence Diamonds?

Do your shopping! The boutiques will absolutely have better deals available and will negotiate with you, as opposed to the mall stores and big stores like Spence. Do not be intimidated, and do not agree to the first ring you discuss, ever!

Are Spence diamonds real?

The real jewelry it sells is all custom made and handcrafted. As in a traditional jeweler, where educating customers on the 4Cs of buying a diamond—cut, color, clarity, and carat weight—is paramount, Spence educates them on another C, its composition, as well.

Can you negotiate price at Spence diamonds?

How long has Spence diamonds been in business?

For more than 40 years, Spence has helped countless people find the diamond jewelry that best embodies not only their love, but their values. And we’ve done it by constantly delivering exceptional quality, uncompromising ethics and environmental sustainability.

Are Spence Diamonds lab grown?

The 40-year-old Spence Diamonds is a traditional jewelry chain that has stepped boldly into the future of the diamond jewelry business: lab-grown diamonds. While still offering mined diamonds, Spence has found that when its customers are given a choice, 80% of them choose lab-growns over mined diamonds.

How long has Spence Diamonds been in business?

Are lab grown diamonds the same?

Lab grown diamonds are as real as diamonds mined from the earth. Lab grown diamonds are identical to earth mined diamonds in every way, except that they are grown in a lab. They have the same chemical, physical, and optical properties as mined diamonds and exhibit the same fire, scintillation, and sparkle.

Are lab created diamonds the same as real diamonds?

The bottom line: Overall, lab grown stones share the same physical and chemical properties as natural diamonds. Lab grown diamonds are real diamonds that last forever but are an estimated 30% less expensive than mined diamonds. Overall, neither diamond is “better.” They are not in competition with one another.