Saturday, 15 February 2014

A $12,000 'Chocolate' Diamond ma'am? How jewelers are fooling women by repackaging the common brown diamond as an expensive gem

#askaroundnow
Brown diamonds, the least valuable of the diamond family, are so common they were once only used for industrial purposes, attached to blades on cutting machines.
But now an increasing number of jewelers are being criticized for ‘pulling the wool over women’s eyes’, by charging the same price for them as their rarer white diamond counterparts thanks to some clever marketing techniques.
Instead of 'brown', the gemstones are referred to as 'chocolate', 'champagne', 'cognac' or 'caramel'-colored by outlets, instantly giving them more of a luxury appeal.
Chocolatey treat:  An increasing number of jewelers are being criticized for 'pulling the wool over women's eyes', by charging the same price for brown diamonds as their rarer white counterparts

Dr. George Harlow, a trained geologist specializing in mineralogy and crystallography and a curator at the American Museum of Natural History in New York, told Jezebel.com that this 'upgrade' trend is becoming more common among jewelers.
'The thing is with brown [diamonds], there's an oversupply,' he said.
'So there's a desire to try and change them from industrial diamonds, which is what they generally are, to a gem buyer.'
The fine jewelry brand Le Vian has actually trademarked the term 'Chocolate Diamond' in an attempt to glorify the brown gemstone.
Luxury appeal: Instead of 'brown', the gemstones are referred to as 'chocolate', 'champagne', 'cognac' or 'caramel'-colored by outlets, giving them instant appeal

One of its 'bridal set' rings listed at Macys.com, which consists of a 2-1/4 carat round-cut brown diamond, surrounded by smaller stones in the same color and 20 clear ones, is priced at $12,300.
At the bottom of the price scale - but certainly not cheap at $950 - is a simple white gold band featuring just over a dozen 1/5 carat 'richly-hued chocolate diamonds'.

'If you like brown, what's the problem? It's just that in the marketing agenda, you've got to make sure you're not being hustled'

Over at Zales Diamond Store there are hundreds of pieces of jewelry adorned with 'champagne diamonds.'
'Earthy', 'elegant' and 'dazzling' are among the buzzwords used in product descriptions to sell goods ranging from $70 to $18,000.
One write-up states: 'Glittering like a glass of the finest Brut.'
Although brown diamonds now retail for the same price as white, Dr. Halow says this should not be the case - even if they are the same size, clarity, cut, and carat weight - as they are far more common.
The majority of the world's supply comes from the Argyle diamond mine in western Australia, which first opened in 1985.
Worth a small fortune! Diamonds seen in their natural, unpolished state

A large amount of scientific research has gone into understanding the origin of the burnt color.
Several causes have been identified, including internal graining, which results from structural irregularities often in combination with an impurity like nitrogen.
The so-called 'fancy' colored-diamonds - yellow, red, pink, green and blue - are the most sought-after and rare stones.
But thanks to jewelers painting the brown diamond in a more attractive light, the demand for them has certainly upped over recent years.
Dr Harlow concluded: 'It's up to the individual. Jewelry is a personal expression for adornment. If you like brown, or if it goes with your couture, what's the problem?
'That's what fashion is about . . . It's just that in the marketing agenda, you've got to make sure you're not being hustled.'

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