Jewelry Liquidation- How much percentage do they discount for diamonds?

[blue_diamond]

For jewelry liquidation, what is the maximum percentage they would reduce on bigger diamonds (2+ or more). This includes both solitaires and diamond earrings (2cts + total weight or larger)

How long should a consumer hold out for the best price? Or, with bigger ticket items it only gets discounted to a certain point and that''s it.

Thanks!!!

 

[blue_diamond]

There is a small local jewler that is having a liquidation where I live.

 

[Tuckins1]

I have seen as much as 65-80% off! I thing it would depend on the store and owner.

 

[Richard Sherwood]

It all depends on if the "jewelry liquidation" is a true liquidation or not. Fake liquidation sales are common, and often at good prices, but not true liquidations.

Usually true "liquidations" are 50% to 65% of wholesale, sometimes up to 75% for truly desirable items and liquid items.

Of course you don't really know what the wholesale is until a knowledgeable independent appraiser tells you so. You are at a disadvantage in this respect.

In order to level the playing field, just make all purchases dependent on them appraising out to your satisfaction with the independent appraiser of your choice. This way you eliminate all the bullshit.

If they refuse to do it, then you know it's a bullshit sale.

 

[denverappraiser]

‘Discounts’ are a tricky thing. They are only as important as the number they are discounting FROM. Price tags are cheap and arithmetic is easy. They can list the prices as anything they want in order to get the final price they’re looking for after all. Don’t pay much attention to either the original price or the discount from it. Look at the price that’s being given, at the merchandise involved and whether that’s the deal you want.

As Richard points out, they won’t drop below what they can get from another dealer on a big and desirable diamond, even if they really going out of business. Why not? Because they almost always have the opportunity to sell it at wholesale without the headache of dealing with a showroom full of customers and the general circus of a sale. If selling it quietly over the phone or transferring it to another store elsewhere will produce more money, that’s what they’ll do.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

 

[WinkHPD]

Wise council from two of our best. Listen!

Wink

 

[strmrdr]

Date: 9/13/2008 11:37:27 AM
Author: Wink
Wise council from two of our best. Listen!


Wink

yep...

The one thing I would add and Rich touched on it...
Fake liquidation sales are on of the most widest spread fraudulent activities in the jewelery and furniture sales business.
There are 2 of each here that have a going out of business sale every year and have been doing so every year for the last 20 years.

 

[oldminer]

There are a couple large firms which specialize in retail jewelry store liqiudations. They bring in a ton of their own inventory which may be well priced, but you are not just looking at merchandise from one retail location when you shop at these so-called "sales". The retail prices on the tags are likely to have been inflated, some to an extreme level.

Basically, you need to remember that most of these sales are final with no chance of a refund. I rarely recommend buying anything from a seller who won''t be in business just in case there is a future problem. Getting professional advice is always a safer practice than just buying based on a discounted and potentially phony price tag.

 

[RBD hunter]

Is this like one of those going out FOR business sales?

example

Cost plus mark up to (say retail) then reduced to 50% off is still a small mark up.

Cost plus 400% mark up reduced to 50% off is not really a liquidation sale for the buyer.

Did that make sence?

 

[jewelerman]

I have seen fake jewelry liquidation sales in stores and in newspaper ads....when a liquidation is advirtised then you have to be very careful...as has been said...the percent is taken off what retail?...you really have to know quailty and retail and wholesale pricing to know if you got a fair deal,real deal or killer deal...problem is most of these sales are protected by a no return policy.When in doubt save your money....the last liquidation sale i went to the jeweler was selling jewelry with missing and chipped stones,broken prongwork and exceptionally inflated regular retails and appraisal numbers.