Kay Jewelers(.5 / 5)
Kay Jewelers began in 1916 when two brothers, Sol and Edmund Kaufmann started their humble jewelry business in the corner of their father’s furniture store. Today’s Kay Jewelers is a far cry from the family owned small business it used to be. Kay Jewelers is now a division of the subsidiary company Sterling Jewelers and operates as the number one mall-store brand for jewelry in the United States. Sterling is the largest specialty fine jewelry company in the United States and operates well known brands including: Jared’s, JB Robinson, Marks & Morgan, Belden Jewelers and many others. These are all wholly subsidized by their parent company Signet Jewelers headquartered in the UK.
Kay Jewelers – The Leo Diamond Graded By GSI (What’s That?)
Kay Jewelers sells both loose diamonds as well as pre-set diamond engagement rings. Their Leo Diamond is their signature brand and is offered with a GSI diamond grading report. GSI is a relatively unknown diamond grading lab and has very little strength in the diamond industry. Most jewelers prefer to work with diamonds that have been graded by either GIA or AGS in America.
Just because the Leo diamond boasts itself as, “The first diamond ever independently and individually certified to be brighter”, doesn’t necessarily make it true. The reason they can say this is due to their partnership with with GemEx Systems which is the developer of the BrillianceScope. The BrillianceScope is a selling tool that claims to measure light returned to the observer (aka a diamond’s brilliance). However, many online diamond vendors that are known for their highly ethical diamond selling reputation don’t put much clout into the BrillianceScope’s findings.
Leo Diamond – 66 Total Facets (8 More Than The Standard Tolkowsky Cut)
The Leo Diamond is actually considered a modified round brilliant cut diamond; meaning it has more facets than the traditional 58 facet round brilliant as originally designed by Tolkowsky. It was in 1999, that Leo Schachter (2nd generation diamond polisher) branded his 66 facet round brilliant the “Leo Diamond”. The extra 8 facets are found in the pavilion (lower half) of the diamond. This is significant because Leo Diamonds are only sold at select stores and are accompanied by GSI diamond grading reports. This makes it extremely difficult to accurately compare a normal 58 facet round brilliant with a standard GIA or AGS grading report to a Leo Diamond because these diamonds are not a true apples to apples comparison.
Just because these diamonds are all branded “Leo Diamonds” does not mean that these diamonds will have the same cut quality. Some Leo diamonds have better cut quality than others. The Leo diamond is also priced higher than the traditional 58 facet round brilliant diamonds because the competition is less (not many stores carry this diamond brand, thus they can justify higher pricing).
The Only Way To Judge A Diamond: By It’s CUT
The above diamond can be compared to another .69ct H VS2 for $2,894.00:
There are two obvious differences between these diamonds. First, the cut is obviously not the same quality. The BGD diamond is far superior in its overall cut precision and brilliance. The second obvious difference is the price. Why is the Leo Diamond priced more than 60% more than the Brian Gavin diamond? In this case, the BGD has an even better clarity grade and it is still less expensive! Again, we go back to the fact that the Leo Diamond is a branded diamond with 66 total facets and is sold through only select stores. This makes them appear more “rare” and therefore the price is justified at being more expensive. However, this is just misleading the public and taking advantage of buyers that aren’t aware of how to correctly evaluate a diamond.
Kay Jewelers – The Tolkowsky Diamond
Kay Jewelers also offers diamonds that are branded Tolkowsky ideal diamonds. Tolkowsky diamonds are branded diamonds from Jean-Paul Tolkowsky (son of legendary diamond cutter Gabi Tolkowsky). Jean Paul owns Execlo which is based in Antwerp, Belgium. These diamonds are primarily cut in Thailand and Botswana and are all IGI certified.
Here’s a .70ct I SI1 for $5,199.99:
Again, we pull another diamond from Zoara to compare. Here is a .76ct I VVS2 for $2,883.00:
Once again we see a clear example of diamonds that aren’t the best cut quality at Kay, but yet are selling at 55% more than the lesser known competition. It makes absolutely no sense to over pay for something that doesn’t provide the value you seek.
Kay Jewelers Offers:
– Lifetime diamond and color gemstone guarantee (as long as 6 month inspections have been performed and documented by a store representative). This ensures that you shop at Kay’s at least twice a year, thereby allowing them to sell you another piece of jewelry.
– Lifetime diamond trade-in policy (as long as you at least double your original purchase price)
– 60 day return policy with up to 90 days for an exchange.
– Free delivery to your home or local Kay store if purchased online
The clear examples pulled from Kay’s online diamond inventory show that they are selling inconsistent cut quality diamonds at very high prices. Although Kay Jewelers is a name brand and offers familiarity and convenient mall and online shopping, you are much better off purchasing from retailers that take pride in their diamond inventory quality and offer better value for money.
Hey.You Want Ideal Cut Diamonds?
You've got it.
Join ODBA's Diamond Deal Friday and get handpicked diamonds every week from me to you.
No consultation required. Subscribe now!