Are Spence Diamonds Canadian?

Spence Diamonds is a Canadian retailer of diamond jewellery owned by the British firm Lion Capital. As of September 2021, the chain operated eight locations across three Canadian provinces.

Is it cheaper to buy diamonds in Canada?

The cost of the Canadian diamond is slightly more expensive than regular diamonds, which are mined in other countries. Jewelers will decide if the premium should be passed on to their buyers, or absorbed by them.

Who started Spence Diamonds?

Doug Spence
Spence Diamonds was founded in Vancouver in 1978 by Doug Spence and was run for decades by Sean Jones. The company is a major proponent of synthetic diamonds, first stocking them in 2016. It is also noted for its aggressive radio advertising presence featuring Jones portraying a “clownish,” screaming character.

How much is a one carat Canadian diamond worth?

Canada Diamond Rate Today

Quantity Diamond Rate
100 Milligram CAD 125.34
1/4 Carat CAD 313.35
1/2 Carat CAD 626.70
1 Carat CAD 1,253.40

Are Costco diamonds Canadian?

Canadian diamonds are diamonds mined in Canada, which may be cut and polished in Canada or another country. All Canadian diamonds sold at Costco come with a certificate of authenticity.

Who is Spence Diamonds?

Established in Vancouver in the late seventies, Doug Spence and Sean Jones had grown Spence Diamonds, opening nine new stores by 2009. They made their first steps onto the US market in 2011, opening three stores in Houston, however this venture came to an end quickly.

Does Spence Diamonds offer free repairs?

However, Spence Diamonds have since reviewed this policy and re-written their warranty, promising that their jewelry will be covered for life. It is important to note that there are lots of companies who operate in a similar way, following Spence Diamonds’ old practices of only offering free repairs for the first five years.

Are Spence Diamonds worth the price?

Spence Diamonds are extortionately priced for the quality. On average they come in around 40% more expensive than online competitors such as Whiteflash, Blue Nile and James Allen.