Dealer pricing "-30 for a wire transfer"

[dsvk]

A friend of mine is working with a distributor to purchase a diamond and I saw their email which said "the 1.52 is -30 for a wire transfer" it didn''t list any other prices. Is that some sort of special code that jewelers speak?

 

[Chinchy]

Maybe they mean the price is the cost minus 30 bucks for a wire transfer. Some places offer a discount if you pay by wire transfer, so that they won''t have to pay the fees associated with a credit card transaction. And I dunno about other banks, but mine charges $30 for a bank wire transfer.

 

[LadyluvsLuxury]

I agree with Chincy!

 

[diamondsbylauren]

Denise,
There is a wholesale diamond pricing sheet, called the Rappaport Report.
Generally, if a delaer is quoting "30 back" they are referring to a discount off this list.
BUT- a price of 30% off the sheet, in today''s market, means something drastically wrong somewhere

 

[dsvk]

This is what we are looking at an Asscher 1.52 G VVS1 GIA 71.10 74.00 VG. Any idea what the Rapaport price would be? I''m assuming then my friend gets a discount off of that (possibly the 30).