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 Help buying a ring on our lay-over in Toronto

P:  5/23/2003 9:28:04 AM  
Trixiebee
Trixiebee

Rough Rock
Total Posts: 3
Last Post: 5/23/2003
Member Since: 5/23/2003
 
Hi there,
Great site!
We're flying Minneapolis, MN (USA) to Paris in 3 weeks, and we have a 5 hour lay-over in Toronto.

We'd love to pick up a little diamond while we're there! (well, not LITTLE...harhar)

Is this possible? Do our homework and research ahead of time, and have something lined up for our flight arrival time? I don't really want to meet some guy in a black coat, per say, but we'd love to take advantage of the exchange rate, and up the 4 C's !!

Also, can you tell me the price differences between buying a US vs. Canadian diamond, and the "rules" and taxes for doing so.

Thanks !!!!!!!!!!!!!!!!!!!
Posted:  5/23/2003 9:28:04 AM

 There are 6 replies to this message.  There are 6 replies on this page.

P: 5/23/2003 10:36:31 AM
Hest88
Hest88

Ideal Rock
Total Posts: 3,679
Last Post: 11/23/2009
Member Since: 1/22/2003
 
http://www.usacerteddiamonds.com/ is somewhere in Eastern Canada. I can't remember where, though.

Posted:  5/23/2003 10:36:31 AM
P: 5/23/2003 10:50:37 AM
Greatcall
Greatcall

Rough Rock
Total Posts: 68
Last Post: 1/13/2007
Member Since: 10/5/2002
 
Try DY jewels. go to dyjewels.com I think he is in Toronto. Or better yet here are some other suggestions:

West York 416 781 3998 Hardy
Deval Jewelers 416 654 6400 Tony Demasi

Posted:  5/23/2003 10:50:37 AM
P: 5/23/2003 10:56:01 AM
Trixiebee
Trixiebee

Rough Rock
Total Posts: 3
Last Post: 5/23/2003
Member Since: 5/23/2003
 
thanks for the names....
now, what's this I hear about 24% tax ????????????????

Posted:  5/23/2003 10:56:01 AM
P: 5/23/2003 10:57:01 AM
Lanee
Lanee

Ideal Rock
Total Posts: 534
Last Post: 5/28/2004
Member Since: 1/29/2003
 
Start another thread with a heading mentioning you want to buy diamond in Toronto.

Lanee

Posted:  5/23/2003 10:57:01 AM
P: 5/23/2003 3:03:23 PM
Greatcall
Greatcall

Rough Rock
Total Posts: 68
Last Post: 1/13/2007
Member Since: 10/5/2002
 
ITS ACTUALLY 25%

10% DUTY
7% GOODS AND SERVICES TAX
8% PROVINCIAL SALES TAX
--
25 %

This tax can be avoided by having the jeweeler ship the ring or diamond directly to you in the states after you comeback. You could buy it in Toronto and claim all of it back but it will take upto 8 months to get your money back. See us canadians love to take your money but we hate to give it back. That's because we spend it all on Molson and Labbatt.

Posted:  5/23/2003 3:03:23 PM
P: 5/23/2003 9:08:36 PM
Mara
Mara

Ideal Rock
Total Posts: 27,919
Last Post: 11/23/2009
Member Since: 10/30/2002
 
Tax Tax Tax. With 25% Canadian tax markup, sure you don't want to buy that stone in MN where you live? Seems like the state tax would be a discount from Canada?!

________________________________

"Insanity: doing the same thing over and over again and expecting different results."

-Albert Einstein

Posted:  5/23/2003 9:08:36 PM

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