BlueNile prices

[roro]

Im looking to purchase from BlueNile and was wondering about their prices. Are they close to what an independent appraiser would appraise them at or should I expect for the diamond to be worth more than what BlueNile sells it for? Thanks

 

[bennyboy96]

Based on my recent experience, my appraiser told me that Internet vendors typically mark up 10-20% above wholesale, with the larger well known stores around the 20% mark. I''d imagine that''s where Blue Nile would fall. I bought from EngagementRingsDirect and Blue Nile was about 10% higher. My appraiser uses the B&M market for the appraisal value, which he says averages about 35% markup. Therefore, I would guess that the avg diamond from BN would appraise for about 15% higher.

 

[JC]

Good response Ben. I totally agree. It would actually surprise me if the appraisal didn''t reflect a higher dollar amount with respect to what was paid for the diamond.

 

[roro]

Thanks for the info. I like some of Whiteflashes stuff too, but need the 30 days return policy which to me, was the deciding factor in going with BlueNile.

 

[kenny]

I just bought a pair of diamond earrings for Mother's Day.
I paid about $1400 at Bluenile.
The appraisal (printed on Bluenile stationary and included with the shipment) said about $2400.
70% higher.

I was very perplexed by this.

It seems this is just how the industry is.


See the thread I started about this on Rocky Talk.
It is named "Appraisal Question".
It was started on 5-8-2005 at 2:51 PM



"Worth" is a funny word.
Does it mean retail or wholesale (what you get if you sell it)
Does it mean Internet price or B&M?
Before or after negotiation?
Purchased by a savvy knowledgeable buyer with good negotiating skills of a naive buyer who just pays what they are first told?