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What To Pay
Bypass the retailer and save!
The
Price Is Right?
Diamond
pricing can be mystifying. It seems to be all over the place. The
only consistency is that virtually every diamond seller promises
you extraordinary value. Take a quick look at some advertisements,
and you'll find:
- Retailers
offering '50% - 70% off retail', 'wholesale', 'below wholesale',
'New York wholesale' prices
- Wholesalers
offering 'direct from the manufacturer', 'below wholesale' 'spot
cash' prices
You
would think that the entire industry is trying to sell you a diamond
for less than cost. And, of course, you know that's not true.
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How
Diamond Pricing Really Works
Diamonds
are big business
a multi-billion dollar industry. Of course,
there is a logical pricing structure. To figure it out, just have
a look at the path that diamonds travel on their way to market:
Whether
you buy from a retailer or wholesaler, you can be sure that your
diamond seller is making a profit on the transaction. How much they
charge depends on the amount they paid for the diamond and their
other costs of doing business. Understanding the way diamonds move
from the mine to the market will help you pay a fair price.
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So
What Should You Pay?
The
$64,000 question
Here's
our answer:
- Decide
how much you want to spend.
- Decide
what diamond characteristics are most important to you, i.e.,
carat weight, color, clarity, cut and shape.
- Buy
the most diamond you can for the money.
And
research the market. If you are well-informed, you can buy at very
attractive prices. Most importantly, you will know that the price
you pay is fair.
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