Owies Nana
Shiny_Rock
- Joined
- May 16, 2010
- Messages
- 412
At what point would a consumer expect to see the cost decrease in polished diamonds (shown in the graph on the home page) reflected in PS vendors' pricing?
diamondseeker2006|1415680462|3781056 said:... (I think there are more factors involved in retail pricing, such as the price at which the vendor bought the stone. But obviously a trade person needs to answer your question!)
kenny|1415689190|3781108 said:diamondseeker2006|1415680462|3781056 said:... (I think there are more factors involved in retail pricing, such as the price at which the vendor bought the stone. But obviously a trade person needs to answer your question!)
When prices are falling it's, "I can't lower the price; I paid so much for that stone ..."
When prices are rising it's, "I have to raise the price even though I bought it long ago; I have to replace the stone at today's higher prices."
They can spin it whichever benefits them.
when i visited GOG to checkout a few diamonds there were two that were very similar in specs but the price difference was pretty significant.diamondseeker2006|1415723883|3781334 said:kenny|1415689190|3781108 said:diamondseeker2006|1415680462|3781056 said:... (I think there are more factors involved in retail pricing, such as the price at which the vendor bought the stone. But obviously a trade person needs to answer your question!)
When prices are falling it's, "I can't lower the price; I paid so much for that stone ..."
When prices are rising it's, "I have to raise the price even though I bought it long ago; I have to replace the stone at today's higher prices."
They can spin it whichever benefits them.
Both of those are true and valid reasons for pricing, in my opinion.
That said, I have seen diamonds I was watching online decrease in price before. I just don't think there is a formula as to when. I think it has to do when competition lowers theirs, at least partially.
Kennykenny|1415689190|3781108 said:diamondseeker2006|1415680462|3781056 said:... (I think there are more factors involved in retail pricing, such as the price at which the vendor bought the stone. But obviously a trade person needs to answer your question!)
When prices are falling it's, "I can't lower the price; I paid so much for that stone ..."
When prices are rising it's, "I have to raise the price even though I bought it long ago; I have to replace the stone at today's higher prices."
They can spin it whichever benefits them.
Would it be too PC for me to say that you are both correct? It is a balancing act and one that causes you to tear your hair out at times. Like most businesses, we like more predictability/stability in pricing.Dancing Fire|1415736059|3781470 said:Kennykenny|1415689190|3781108 said:diamondseeker2006|1415680462|3781056 said:... (I think there are more factors involved in retail pricing, such as the price at which the vendor bought the stone. But obviously a trade person needs to answer your question!)
When prices are falling it's, "I can't lower the price; I paid so much for that stone ..."
When prices are rising it's, "I have to raise the price even though I bought it long ago; I have to replace the stone at today's higher prices."
They can spin it whichever benefits them.
that's not true...if diamond prices falls all vendors will drop their prices to stay comparative or else they will be looking at their inventory for a long long time.