Diamond Upgrade

Eligible diamonds purchased from Leon Megé, Inc. qualify for our exclusive Lifetime Upgrade. We will credit the full original purchase price of the center diamond, excluding the mounting, toward the purchase of a new, larger stone, subject to the terms below.

1. Upgrade Limits

One upgrade per customer.
The earliest upgrade may be requested one (1) year after the original purchase date.
Only the center stone is eligible. Mountings, rings, settings, and accent or additional stones are not eligible for upgrade and are not included in the credit.

2. Eligible Diamonds

To qualify, the diamond must be:
A natural diamond (lab-grown diamonds and all other stones are not eligible)
GIA certified
Clarity grade VS1 or higher
Color grade G or higher
Fluorescence of None or Faint
No larger than 2 carats if round, or 3 carats if a fancy shape

3. Eligibility Must Be Documented

Upgrade eligibility must be stated in writing on the original invoice at the time of purchase. Diamonds without this notation are not eligible. The original GIA certificate must accompany the diamond.

4. How the Credit Is Calculated

The credit equals the original purchase price of the center stone only, if itemized on the original invoice. If the price is not itemized, we will deduct 30% of the total or a $5,000 minimum as the cost of the mounting. The mountings, rings, settings, and any additional stones are excluded from the trade. The credit may be applied only toward the purchase of a replacement stone from Leon Megé. It has no cash value and is not refundable.

5. Replacement Stone Requirements

Minimum value: The replacement stone must cost at least three times (300% of) the original purchase price of the traded stone, meaning it must exceed the original price by at least 200%. For example, a $10,000 stone may be upgraded to a stone that costs $30,000 or more.
Size, shape, and cut: The replacement must be larger than the original and of the same shape and cut.
Price match: Replacement stones are not eligible for our price match guarantee.
Mounting: The customer is responsible for the cost of any new mounting or resetting the replacement stone.

6. Upgrade Process

Contact us to request an upgrade after the one-year waiting period.
Deliver the diamond and its original GIA certificate to Leon Megé, Inc. We will not provide a price quote for a replacement stone until we have your stone in our shop.
Our staff gemologist will examine the stone and verify that it meets all requirements.
If approved, we will present replacement options and quotes, and apply the credit to the stone you select.
All upgrades are subject to examination and approval by our staff gemologist.

7. Condition of the Traded Stone

The stone must match the grades on its original GIA certificate and be free of damage that has changed its grade, such as chips or fractures. A stone that fails examination is not eligible for the upgrade.

8. Relationship to Our Other Policies

The Lifetime Upgrade is an exception to the no-exchange terms in our Custom Order, Payment & Final Sale Policy. It is not a refund, return, or cash buyback. All other terms of that policy continue to apply to any replacement stone and any new custom work.