Lab‑grown diamonds: One retailer pays $1,600, another $230
Consumers bought identical lab‑grown diamonds costing $1,639 and $228, sparking price‑gap concerns.
In January 2026 CBC Marketplace reports that a one‑carat, D‑colour, ideal‑cut, VS1‑clarity lab‑grown diamond sold through Blue Nile cost $1,639.23 CAD (incl. fees) while the same stone bought via Alibaba.com sold for $228.86 CAD. CBC journalists bought each diamond, verified the IGI certificates, and had them appraised in Toronto by Gem Review Inc.; both appraisals agreed on a retail value of roughly $1,925 CAD. The investigation highlights that consumers can pay up to 7.1 times more for essentially identical diamonds, a gap that experts say reflects differing wholesale margins and brand premiums. Daniel Ng and Olivia Chan, engaged Toronto residents, were shocked at the price difference and seek greater pricing transparency in the industry.
Tags
Related Posts
India rejects 'payment issues' claim over Iranian crude tanker's diversion to China
Reports of an Iranian crude oil shipment rerouted to China due to payment issues have been officially denied by India s Petroleum Ministry. The ministry clarified that such diversions are common in global oil trade for optimization and assured that Indian refiners have secured their energy supplies, including from Iran, with no payment hurdles
Why is Hardik Pandya not playing vs Delhi Capitals?
Delhi Capitals captain Axar Patel won the toss and chose to bowl against Mumbai Indians. Mumbai Indians faced a setback as captain Hardik Pandya was absent due to illness, with Suryakumar Yadav leading the team. Changes were made to Mumbai s lineup, including the inclusion of Deepak Chahar and Bosch
Reason the 6am email from 'Oracle leadership' told thousands of laid-off employees
Oracle has begun its largest ever round of layoffs, with employees receiving termination emails from "Oracle Leadership" at 6AM saying their roles had been eliminated after "careful consideration of Oracle s current business needs. " Around 10 000 employees have reportedly been cut so far, with estimates suggesting the total could reach 30 000