Bought my wife's engagment ring on Blue Nile in September 2007 and think they are fantastic -- cost-wise, I found them to be about one-half to one-third of the cost of retail diamond stores, and the stone was delivered the next day (fully insured, of course).
Like most guys, I had a $$$ limit... and Blue Nile will allow you to get an amazing stone for your dollar, especially if you've already looked around at Spence, Birks, etc. I highly recommend them.
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