I know jewellers probably won''t tell this but maybe some consumers may have an idea.
I am in the United Kingdom. I have found a jeweller who buys his diamonds direct from Israel and has done since 1970s. He also orders his ring settings in from Italy and lets customers choose which ring they want the diamond set in which he or his staff does in the onsite workshop.
Okay I am going to translate this into dollars for you but this is what I have found.
H colour, vs-si quality, 0.70 carat, modern brilliant $3,429.14 and he gives discount which equates to $314.600 price to me $3114.54 (in British pounds £2180 - £200 = £1980).
Another local jeweller who does not buy direct has the following
H-I colour, si1/2 quality, 0.51 carat, modern brilliant $2,886.45 (in British pounds £1835).
Now the first jeweller gives you a discount when you say you are buying, not negotiating for it so everyone gets it on all types of jewellery). I am thinking it is not a discount but money just added onto the price ticket and then taken away to make you feel better. What do you think?
Can his buying direct and cutting out the middle man mean he can offer such a deal as above, the stone being a 0.70 carat as opposed to a 0.51 carat stone which the other jeweller is selling.
How much does the middle man cost? Ofcourse, I know different jewellers have different prices, overheads etc.
I am in the United Kingdom. I have found a jeweller who buys his diamonds direct from Israel and has done since 1970s. He also orders his ring settings in from Italy and lets customers choose which ring they want the diamond set in which he or his staff does in the onsite workshop.
Okay I am going to translate this into dollars for you but this is what I have found.
H colour, vs-si quality, 0.70 carat, modern brilliant $3,429.14 and he gives discount which equates to $314.600 price to me $3114.54 (in British pounds £2180 - £200 = £1980).
Another local jeweller who does not buy direct has the following
H-I colour, si1/2 quality, 0.51 carat, modern brilliant $2,886.45 (in British pounds £1835).
Now the first jeweller gives you a discount when you say you are buying, not negotiating for it so everyone gets it on all types of jewellery). I am thinking it is not a discount but money just added onto the price ticket and then taken away to make you feel better. What do you think?
Can his buying direct and cutting out the middle man mean he can offer such a deal as above, the stone being a 0.70 carat as opposed to a 0.51 carat stone which the other jeweller is selling.
How much does the middle man cost? Ofcourse, I know different jewellers have different prices, overheads etc.