pricescope
Ideal_Rock
- Joined
- Dec 31, 1999
- Messages
- 8,266
Interesting article in National Jeweler: Valley of the dollars?
"[Internet retailers] are killing the romance, killing the market and killing margins, from the mines to the retail stores..."
A few comments:
"[Internet retailers] are killing the romance, killing the market and killing margins, from the mines to the retail stores..."
A few comments:
- Quite a few online jewelry and diamond companies are rather smart and not only growing but doing well.
- Price is not the main factor unless it is the only thing a vendor can offer.
- Blue Nile is playing/experimenting with prices and right now is quite aggressive.
- Markups in the article are referred to "memo" goods i.e. diamonds that retailers do not own. (see also this article and https://www.pricescope.com/communit...-dealers-offering-the-exact-same-stone.24160/)
- Vendors who invest into their diamond inventories wisely are doing better.
- What we see, actually, is a natural process of the markets' fragmentations. Industry have to understand it and adjust: there will be customers who wants bare numbers and those who want romance and services. People should be able to choose their own "fries" or "salad" on the side