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pricing our merchandise
Post#26 @
07-02-01
, 01:24 PM
Thanks for the encouragement. In order not to become competetive with your dealers, by what guideline(s) do you do your pricing? Kind Rgrds It's done based on what we have loaned on the item.We loan 1/3 of what we can sell it for wholesale.We then sell it for 1/2 of retail.Rule of thumb. Mostly it's between dealer and dealer.Two dealers grinding each other, and it depends on how much a dealers is spending.Wholesale is much different than retail ,and secondhand is different than the quality of diamonds on ths network. You have some great dealers on this network ,I just come up and lurk. Marvin |
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Post#27 @
07-02-01
, 02:59 PM
Paul, Very interesting post, thanks! Nick, I'm afraid we've reached the end of my knowledge. I'm just a consumer and am getting into diamonds as a hobby, but I don't really know how to buy/sell wholesale or how to grade. As far as taking a grading class (which I would love to do), I would just make sure that at the end, you can visually distinguish the diamonds so that when you get them in your hands you can tell how they should be graded before trying to resell them. Honestly I think you'd be better off trying to sell to the public, either through a website, word of mouth, a small storefront, or auction sites. A website or auction site would be the cheapest/easiest way, I would think. Are you currently located in Bangkok? I know some of our criticisms may sound harsh, but that is because a LOT of people are not as cautious as you and they don't take time to learn about things before they send over their money. It's very easy for an American businessperson to get caught up in the excitement and glamour of diamonds from an exotic place like Bangkok (or Tel Aviv, a lot of diamond 'investment' deals are coming out of Israel now). When you think of diamonds, you think of big money, and most people don't take the time to really figure out what the diamond market is like. Add to that the fact that the information is not easily accessible by the public. The Rap sheet is an excellent example of that--how the public thinks that is how diamonds are priced, when in reality the vendors are buying their diamonds at much lower from different sources. We get a LOT of posts on here from people who have lost money in an investment scam or who have inadvertantly paid too much for very low quality goods. After a person makes that mistake, it's heartbreaking (particularly if the diamond was a gift or an engagement ring) because there is very little recourse after the fact. Also, most people don't take the time to read through all of the threads or information on here, so when we see someone going in the direction of potentially losing a lot of money, we try to head them off as quickly and plainly as we can. Some of us stick around to learn more, and I hope you'll become one of those. I've loved learning about diamonds and I get so much useful information from this forum. Just keep asking questions  .Shelby
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Post#28 @
07-02-01
, 03:37 PM
Shelby, Indeed i shall stick around as i am enjoying not only what i learn from the answers to my questions, but also from following other threads (very intrigued about the HCA dispute). Actually, i just returned to Mumbai from Bangkok. For the past 10 yrs gems seem to have been (inadvertantly) in and around my life as my work has taken me to such places as Sri-Lanka, Thailand, and now India. Can't seem to get away from the damn things! haha I do hope all will forgive my initial ignorance and bare with me as i continue to learn. Thanks again Shelby. Keep the faith Nick |
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Post#29 @
07-02-01
, 06:26 PM
Paul, It's great to have you on the forum! You give a new perspective to the forum which equals more information for everyone. Thanks! europetraveler |
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Post#30 @
07-02-01
, 06:49 PM
Marvin- What % over wholesale do you consider retail? |
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Post#31 @
07-03-01
, 05:26 AM
Nick, You asked about Bangkok-history. During the boom, I am sure that some locally-owned factories have been cutting stones of over 1 carat. Now, it is as if a Chinese wall exists between production in Thailand, and the polished diamond-market in Bangkok. You should know that most factories are foreign owned, and most of them are enjoying BOI-benefits (investment benefits such as lower taxes, exemption of import taxes, and so on). However, one of the most important criteria for receiving these benefits, is the fact that all (but sometimes a small percentage) is exported after production. Now, Bangkok is still an important trading center, as well as a center for jewelry manufacturing. The same can be said of Bombay, even to a higher extent. Remember also, that Bombay also produces bigger stones, but generally of a lower quality cut. Intensive activity between the two cities seems natural to me. Paul |
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Post#32 @
07-03-01
, 09:32 AM
Paul, Yes i do see that there seems to be a greater availablity of larger stones in Bombay. Today, there's talk of a 5.0ct VVS1 E brilliance going for U$120,000! Sri-Lanka is also a centre for jewellery manufacture with foreign companies having similar set ups to the BOI you mentioned. There is also a considerable amount of diamond cutting too. Quality of which i can not comment on as i have never seen a stone which has been cut in Sri-Lanka. I have'nt read much in the forum about Russian cuts????? |
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Post#33 @
07-03-01
, 10:25 AM
Nick, Sri Lankan cut is comparable to Bangkok-cut. Same set-up of factories, same result. Only somewhat smaller stones worked upon over there, because of lower labour cost, certainly during the boom years. Btw : I used to go to Sri Lanka often between 1991 and 1998, since I was responsible for a diamond cutting factory there. As for Russian cut, this is, I think, a somewhat outdated term. It used to refer to the perfectly cut, very white goods, that were polished in Russian state factories. Mind you, in the Soviet times, they did not need to worry about loss in weight, or about time spent on the stone. This era stopped when Russia got to know the concept of competition and capitalism. However, still you will find enormous polishing skills in Russia, and a lot of factories are operating there. Paul |
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Post#34 @
07-03-01
, 10:37 AM
Paul, My era in Sri-Lanka started 89' to date. I met a lot of European people in the gem business there. In fact, i seem to recall a Belgium gentleman in diamonds by the name of Peter Bloemfeld (excuse my spelling). Maybe your paths crossed in the Hilton Pub? Ha Ha What can you tell me about Australian Diamonds? I lived there for 3 yrs thinking only opals were the most renowned gem export! |
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Post#35 @
07-03-01
, 10:49 AM
The name does not ring a bell, Nick. But I used to stay in Negombo, because I was not that fond of Colombo. As for Australia, in weight the Argyle-mine is the biggest diamond mine in the world. However the average quality of the rough is low, and extremely difficult to cut. Argyle also has a small polishing unit in Perth. Most of the Australian rough is polished in India. Because of the average brownish colour of the rough, and thus the polished, Argyle tried to push the idea of 'champagne' diamonds to the public. I think it never really caught on. Very interesting in this rough is the presence of 'fancy pinks'. Before 1995, Argyle used to have a contract with De Beers, with a small window of the production, that they could sell themselves. However, Argyle kept all the pinks in that window, to polish those themselves. At the time, they used to do that in China, but I have no idea where that production went to. Paul |
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Post#36 @
07-03-01
, 11:02 AM
Paul, I followed the "Antwerp" thread and was intrigued with the term you used "conflict diamonds"? I am correct to assume you refer to those diamonds cut from rough's originating from banned countries such as Angola? Although banned, rough's from such countries must be highly sort after by unscrupulous dealers? |
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Post#37 @
07-03-01
, 11:28 AM
One example of diamond prices in Finland. Sometimes local competition is severe and some of the shopkeepers have two to 5 years old stones in stock. Well, three years ago on dollar was 4,5 marks and now it is 7 marks. Do they rise the price in their diamond accordingly, no, they put their stuff 50% off sale! what happens? The diamond are sold 20% off any price I have seen in professional networks. If I want to make decent 20 % profit I have charge my customer 40% more! S |
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% of retail
Post#38 @
07-04-01
, 12:39 AM
Marvin- What % over wholesale do you consider retail? __________________ Respectfully, JoeB Bacon Jewelry Services Sorry missed your question? The answer is fair market value.Do you know what that is? marvin |
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Post#39 @
07-04-01
, 07:10 AM
Marv- Thanks for the email [Edited by jbacon on 07-04-01 at 07:54 AM] |
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finest jwellery and rare too
we have finest jwellery of all times like emeralds,diamonds,sapphit e etc... any one interested can email me for good partnership deed and business. |
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