Some advice on picking an engagement ring
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From: Longmont, CO
Originally Posted by tcho82,Mar 22 2006, 03:01 PM
Now these high end fakes arent in as much circulation because of the high price of the machinery involved. BUT the fact is that they do exist. Even GIA wasn't able to detect these up until a few years back. If a deal seems too good to be true, I'd be VERY wary. Especially if the guy pulls out a Flawless 3 ct with perfect color, for what seems to be an INCREDIBLE price. The bigger the size the harder it is to find the best clarity, prices start to soar.
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From: Chicago
Originally Posted by NFRs2000NYC,Mar 22 2006, 05:26 PM
Technically...yes
Tiffany doesnt buy back jewelery. You can sell it for more than you bought it forto stores that buy high end stuff. People actually do this as a business. That store probably got it for half that by some woman who's husband cheated on her, and she just wants to get rid of it.
(Also, the retail prices on the ebay auctions are a bit inflated)
What you said, people do for a living, with diamonds, cars, etc etc etc.
Also, in my years of working with 47th...a decent amount of that stuff is stolen goods. Not that anyone wants to hear it, but we used to get people coming in selling rolexes, diamonds, etc....my boss knew they were stolen, he would give them $500 bucks and they would take it.
Tiffany doesnt buy back jewelery. You can sell it for more than you bought it forto stores that buy high end stuff. People actually do this as a business. That store probably got it for half that by some woman who's husband cheated on her, and she just wants to get rid of it.
(Also, the retail prices on the ebay auctions are a bit inflated)
What you said, people do for a living, with diamonds, cars, etc etc etc.
Also, in my years of working with 47th...a decent amount of that stuff is stolen goods. Not that anyone wants to hear it, but we used to get people coming in selling rolexes, diamonds, etc....my boss knew they were stolen, he would give them $500 bucks and they would take it.
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From: Longmont, CO
Originally Posted by NFRs2000NYC,Mar 22 2006, 05:26 PM
Tiffany doesnt buy back jewelery. You can sell it for more than you bought it for to stores that buy high end stuff. People actually do this as a business. That store probably got it for half that by some woman who's husband cheated on her, and she just wants to get rid of it.
(Also, the retail prices on the ebay auctions are a bit inflated)
What you said, people do for a living, with diamonds, cars, etc etc etc.
(Also, the retail prices on the ebay auctions are a bit inflated)
What you said, people do for a living, with diamonds, cars, etc etc etc.
People certainly do speculate in cars - but it's only possible when there's a very limited supply. Same thing happened when the XBOX 360 came out recently - purchase several at retail for MSRP, then eBay them for three times that amount. Profit! So I can certainly see Tiffany making only 399 examples of a particular design, which then can be sold on the open market for more than retail. Is that how Tiffany operates? Because if any Joe can walk off the street and buy any particular ring, I don't see how anybody would be willing to pay more than retail except through ignorance.
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From: Tree Town
Originally Posted by vader1,Mar 23 2006, 10:15 AM
Does anyone else think that a bunch of grown men arguing about Jewelry makes this the GAYEST THREAD EVER!?!?!?!?
Go down to detroit, find the nearest man wearing a lot of jewelry, and ask him how gay he is. I dare you.
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From: MAHT-O-MEDI
Originally Posted by Liebernoodle,Mar 23 2006, 10:28 AM
Go down to detroit, find the nearest man wearing a lot of jewelry, and ask him how gay he is. I dare you.
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From: New York
Originally Posted by Elistan,Mar 23 2006, 10:08 AM
If I bought a ring for $25k, why would any store buy it from me for, say, $30k? First, who would buy a $25k ring for $35k from a third party? Second, if the store could get that higher sell price, wouldn't it be smarter for that store to simply buy the ring directly from Tiffany?
People certainly do speculate in cars - but it's only possible when there's a very limited supply. Same thing happened when the XBOX 360 came out recently - purchase several at retail for MSRP, then eBay them for three times that amount. Profit! So I can certainly see Tiffany making only 399 examples of a particular design, which then can be sold on the open market for more than retail. Is that how Tiffany operates? Because if any Joe can walk off the street and buy any particular ring, I don't see how anybody would be willing to pay more than retail except through ignorance.
People certainly do speculate in cars - but it's only possible when there's a very limited supply. Same thing happened when the XBOX 360 came out recently - purchase several at retail for MSRP, then eBay them for three times that amount. Profit! So I can certainly see Tiffany making only 399 examples of a particular design, which then can be sold on the open market for more than retail. Is that how Tiffany operates? Because if any Joe can walk off the street and buy any particular ring, I don't see how anybody would be willing to pay more than retail except through ignorance.
You are taking my comments too literally. Not everything Tiffany sells holds its own. My point was,
You spend 10K on a ring. Its a platinum band, with 1.6 carat flawless diamond GIA certified at your local trustworthy jeweler.
I buy a 10K ring. Its a platinum band, 1.2 carat flawless GIA certified from Tiffany.
(reason why the carat is smaller is that my 10K doesnt go as far as yours in Tiffany)
We both get divorced in 5 years. We both go you our local jewelers and sell the rings, since we no longer have any use for them.
You will sell your ring at best $4500, while I will sell it at $8500.
The profit margin for the no name stores on no name rings is massive. On Tiffany products, its only a few hundred bucks.
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From: Longmont, CO
Gotcha, I can understand that.
I'm intrigued by your profit-margin comment, however. Does Tiffany make their own stuff, or do they purchase it from elsewhere? In your example, I assume the two rings are identical in material and quality. So how can the smaller 1.2 carat one have a much higher "wholesale" cost?
I'm intrigued by your profit-margin comment, however. Does Tiffany make their own stuff, or do they purchase it from elsewhere? In your example, I assume the two rings are identical in material and quality. So how can the smaller 1.2 carat one have a much higher "wholesale" cost?