Are diamonds cheaper in the UK?

In fact, it is prevalent across almost every UK based retailer! Prices are typically 20-50% more expensive than online vendors like Blue Nile and James Allen! And when it comes to a big-ticket item like a diamond ring, the absolute differences is MASSIVE.

Are diamonds cheaper in the UK?

In fact, it is prevalent across almost every UK based retailer! Prices are typically 20-50% more expensive than online vendors like Blue Nile and James Allen! And when it comes to a big-ticket item like a diamond ring, the absolute differences is MASSIVE.

Where in the UK can you find diamonds?

Diamonds have never been found in quantity in Britain, although in 1813 what became known as the “Brookeborough Diamond” was discovered in a stream in Co Fermanagh. And in 1995 Britain’s largest sapphire, at 9.6 carats worth about pounds 60,000, was discovered at Loch Roag, near Uig on Lewis.

Is Blue Nile UK based?

Blue Nile isn’t an UK-based business, so you may well have some questions about the practicalities of buying a ring from them. Read on to find out everything you need to know.

Why is selling or buying diamonds over the Internet difficult?

Diamonds must be shipped to exchanges or other vendors, which place them at risk of being stolen or lost in the process. While you can insure these precious packages, this can prove costly — especially based on the estimated value of the gems.

Is Hatton Garden overpriced?

While it may seem enticing to shop in Hatton Garden for the experience, we’ve found that it’s simply not worth it. The shopping experience is less than stellar and the inflated prices can be quite steep. Instead, we suggest buying a diamond online from a reputable vendor like Blue Nile.

Are second hand diamonds cheaper?

Diamonds can be Reprocessed The high purchase price of any jewellery is usually tied to the branding. This is why a second-hand piece would be cheaper than a new one. Purchasing second-hand diamond rings will help preserve the craftsmanship.

Why is Hatton Garden cheaper?

All Prices are Competitive This is because independent jewellers are privately owned and avoid flashy advertising, brand premiums and the expensive rents charged across London. There’s nowhere else in London where you’ll find competitive prices on the finest jewellery.

What happened to Blue Nile?

Acquisition. Bain Capital Private Equity and Bow Street LLC acquired Blue Nile in February 2017, for $40.75 per share (approximately $500 million).