An abundance of shops in Hong Kong sell diamond rings and jewellery, making the buyer's journey an overwhelming effort even for the well informed. Queen's Road in Central, Nathan Road in Kowloon, and Hennessy Road in Causeway Bay are the primary retail districts for diamonds and jewellery. But before you head over to these retail districts, consider whether these retailers are reputable, safe and cost-effective.
In this blog, we explore different diamond vendors and whether or not they are a wise choice for your diamond ring buying needs.
Should You Buy a Diamond Ring in Hong Kong?
In both the wholesale and retail sectors of the diamond industry, Hong Kong has quietly evolved into a central hub. However, there are some general concerns about the diamond buying experience locally.
The stranglehold of pushy selling practices is one of the most significant issues individuals face while visiting Hong Kong diamond shops of giant retailers. Many advisors in this city astound consumers with their lack of professionalism and desire to sell you a diamond regardless of the circumstances.
Take our word for it; you can find countless complaints about shops from customers who have purchased diamonds independently. The observers were particularly confronted with deceptive marketing of primarily low-quality diamond rings at Hong Kong retailer stores. Does this mean you should only buy diamond rings online? Not necessarily.
Buying Online vs Buying From Local Retailers in Hong Kong: Which is Better?
Hong Kong is a hotspot for luxury shopping, as it is home to several spectacular locations and high-end businesses. Does that mean it's better to do your shopping in brick-and-mortar diamond stores? If you are after the experience, then yes. If you are looking for the most affordable prices and surety that the diamonds are conflict-free and legitimate, then no.
A reliable online retailer such as Blue Nile or James Allen is the best place to acquire a diamond engagement ring. We've included some comparisons below, but you can learn more from shop reviews. Even after haggling, the rings at the Hong Kong stores are frequently 30%-40% more expensive than comparable rings online.
We recognise that not everyone wants to buy diamonds online. Therefore we'll go over some alternatives below. However, it's crucial to keep in mind the premium you'll pay if you buy from a local merchant as opposed to buying online.
The 5 Best Places to Buy An Engagement Ring in Hong Kong
If you're looking for a unique way to shop for diamonds, a trip to Hong Kong is guaranteed to tick all the boxes. It's a busy melting pot of East and West culture and offers visitors an unforgettable experience. Hong Kong's diamond business has exploded in the last decade, and this vibrant city now competes with New York for diamond commerce.
1. Chow Tai Fook
Found on Nathan Road in Kowloon, the Chow Tai Fook boutiques themselves are not particularly opulent. With large crowds and hurried staff, the experience can be pretty stressful. The diamond quality is among the best for retail stores, with diamonds that are GIA and AGS certified. Like those at other physical jewellery stores, the diamond pricing is expensive compared to online companies like James Allen or Blue Nile.
2. Luk Fook
Luk Fook is China's second-largest jeweller, with a considerable presence in Hong Kong. Retailers can be found in Causeway Bay, Pacific Place and Nathan Road. Like Chow Tai Fook, the retailers do not have a luxurious feel and are mostly focused on gold jewellery. The diamond quality is generally high but comes at a massive premium due to the high overheads of having physical stores throughout Hong Kong’s most popular streets.
3. Blue Nile
Blue Nile's status as an online market leader has made them an excellent destination to purchase diamonds. It has also enabled them to cultivate ties with the world's largest legitimate diamond distributors. Blue Nile sells only GIA or AGS certified loose diamonds. When you buy Blue Nile diamonds, you can rest assured that you will receive what they advertise.
4. James Allen
James Allen, an online jewellery company, is seen as a disruptor in the diamond industry because it aims to educate customers about diamond buying and provide personalised engagement rings rather than pre-made solutions.
When you visit the James Allen website and look at the prices, you might think you are buying a low-quality diamond, but this is not the case. It's all part of the internet retail paradigm, where there are fewer overhead expenditures to influence product pricing.
James Allen currently has over 200,000 diamonds to pick from, and they're all GIA, IGI, or AGS-graded diamonds, so you'll know you're getting a high-quality diamond.
5. The Diamond Marketplace
Diamond Marketplace was created in response to a need for a safe, secure, and open C2C platform for buying and selling diamonds online with 100% transparency. Diamond Marketplace offers an extensive and highly selected catalogue of diamonds, jewellery, and merchants to match you with the right piece at the best value guaranteed, whether engagement rings, GIA-certified diamonds, tennis bracelets, or more. Our diamond experts independently authenticate and value diamonds online to ensure a fair transaction between buyer and seller, making our marketplace one of the best options for secure engagement ring shopping.
Want to buy or sell a diamond? Look no further than The Diamond Marketplace.
A Secure & Open C2C Diamond Platform. Find Out More