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Author Topic: Engagement Ring Costs  (Read 3801 times)

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Offline Godzilla

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Engagement Ring Costs
« on: December 08, 2012, 02:19:42 PM »
If I were to buy an engagement ring in the Philippines how much could I expect to save over buying here in the U.S.? Are there any pitfalls I should look out for such as fake stones? Anybody have any reccomendations for buying in Cebu?




Offline Ray

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Re: Engagement Ring Costs
« Reply #1 on: December 08, 2012, 03:54:36 PM »
I have had many, many Filipinos tell me that they wouldn't buy a diamond ring in the Philippines because of the much higher chance of getting ripped off.
 
They tell me that even plain gold bands are not always what they are as advertised.
 
We had one member here claim that he bought a 23k gold wedding band over there at a very low price. Of course that is too soft for a ring, so he likely got cheated. 14k is more appropriate for rings.
 
The prices are lower, but I personally wouldn’t buy a diamond over there. It may be cheaper, but the quality of the diamond is likely cheap as well.
 
If you know diamonds, and you know for a fact that the dealer is highly reputable, then go ahead and save a few bucks.
 
Note: Expensive diamond engagement rings are not very popular and not expected in the Philippines.
 
Ray
 

Offline Jhengsman

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Re: Engagement Ring Costs
« Reply #2 on: December 09, 2012, 06:44:12 AM »
like you I grew up only hearing 14Kt when referring to gold and rings. I mistakenly thought of it as the gold standard. Filipinos tend to think you kuripot if you settle for only 14 kts.

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Re: Engagement Ring Costs
« Reply #2 on: December 09, 2012, 06:44:12 AM »

Offline robert angel

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Re: Engagement Ring Costs
« Reply #3 on: December 09, 2012, 10:26:13 AM »
There's a lot of gold mined in the Philippines and when rendered into jewelry, it often has a pinkish tint than other nation's jewelry. Kind of pretty really--a bit pink, but not quite what they call 'rose gold' here. We got some nice 18K wedding bands over there. The only way you can be 100% positive of its pureness is if you have a chemical kit.


 
I recommend going to a national chain jewelry store to be 'safer' and asking around about the most reputable stores. Even the richest Filipinos who own the malls don't seem to mind having counterfeit merchandise prominently postioned in their flagship stores. Even up at the very front of the store you'll see things like fake Oakley sunglasses, Lacoste shirts, etc. Corruption's so bad there that you never really know.


 
 India has attracted attention in recent years for shipping jewelry that is marked under K--marking gold '10K' that is really 9K. 14K that's really 12K and so on. I heard Britain at one point recently banned gold imported from India.


 
On gemstones you can burned VERY easy. Diamonds are often marked as higher grade than they really are. Maybe the biggest rip offs are in emeralds and rubies. If they're not down right fake all together, emeralds are often impregnated with oil and put under high pressure and come out looking near or even 'perfect'----for a year or two anyway. Then the oil dissipates  and all the flaws, cracks and inclusions become quite obvious. Rubies are swapped out with high quality garnets.

 
My brother in law has been going to Sri Lanka for close to two decades and had a line on saphires and my sister offered me the chance to buy some at a 'too good to be true' price. Even though Michael knew the dealer, I balked. Turns out the stones are just incredible and worth easily ten times of what he paid and what I would have paid. If I'd taken Mike's word that the dealer was reputable (I didn' know they were actually good friends till later) I'd have really gotten a great deal.

 
I love gem stones like I love my Indian artifacts, but I'm always wary of their authenticityand always travel with a loupe magnifier if I'm digging, buying or swapping.

 
From all over Asia to Mexico, C. & S. America, buying artifacts, gemstones, epec. emeralds, is a risky preoposition. Even if you get the 'real thing' it may be deemed highly taxable or seized all together, If it's a special national heritage piece (and they seem to vary from official to official on that., you can even go to jail.

 
Same with wild life. I will forever regret trying to hide those two black jaguar kits down the front of my pants--they're born with sharp claws and teeth already!.
 
 You'd think I'd have learned when I tried to smuggle a big, live lobster down my pants from the Red Lobster restuarant's tank, only to have the rubber band holding the lobster's giant claw come off at the worst possible time.--LOL.
« Last Edit: December 09, 2012, 03:11:10 PM by robert angel »
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