Regular Guy
Ideal_Rock
- Joined
- Jul 6, 2004
- Messages
- 5,962
Linked here, pointing out, for example...
"Many diamond retailers have already sliced their profit margins. Traditionally, jewelers sell diamonds for 49% more than the wholesale cost, according to Harry Winston Diamond and the International Diamond Exchange. But competition from online retailers such as Blue Nile (NILE, news, msgs) and Amazon.com (AMZN, news, msgs), which sell diamonds at a markup below 25%, has made it more difficult to continue charging such high prices.
"Buyers now do a lot of investigation," says Norman, of Blauweiss/Berkowitz. "They know the price from Blue Nile." "
"Many diamond retailers have already sliced their profit margins. Traditionally, jewelers sell diamonds for 49% more than the wholesale cost, according to Harry Winston Diamond and the International Diamond Exchange. But competition from online retailers such as Blue Nile (NILE, news, msgs) and Amazon.com (AMZN, news, msgs), which sell diamonds at a markup below 25%, has made it more difficult to continue charging such high prices.
"Buyers now do a lot of investigation," says Norman, of Blauweiss/Berkowitz. "They know the price from Blue Nile." "