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Negotiating with online vendors?

diamondringseeker

Rough_Rock
Joined
Apr 18, 2011
Messages
11
Hi Everyone,

I have picked out a diamond from James Allen and I am close to making a purchase, just wondering if they are willing to negotiate.

The diamond + setting is worth approx $5300

What's been your experience?

Thanks
 

dreamer_dachsie

Super_Ideal_Rock
Joined
Dec 16, 2007
Messages
24,360
I doubt it. You may be surprised to learn that most online vendors have profit margins in the single digit percentages for diamonds. So they might only be making $400 on your diamond sale (more on the setting, but not a whole lot more). Not a lot of room for negotiation.

They do offer a PS discount if you ask for it though.
 

yssie

Super_Ideal_Rock
Premium
Joined
Aug 14, 2009
Messages
20,553
Can never hurt to ask. But, this isn't like buying in the diamond district where all listed prices are inflated - the prices listed are the actual prices, so don't be surprised if the answer is no. Some vendors offer PS/wire transfer discounts, you'll have to ask about the PS discount though - does your quote include both?
:))
 

diamondringseeker

Rough_Rock
Joined
Apr 18, 2011
Messages
11
My quote only includes the PS discount. I dont think i will use wire transfer. The credit card will give me the equivalent saving in points.

Thanks
 

Gibson486

Rough_Rock
Joined
Dec 28, 2010
Messages
91
I doubt it....

As mentioned earlier, profits are below 10% in lots of cases. they rely on volume, like a supermarket.

When I brought my diamond to be appraised, the appraiser said it could have been likely that the vendor made something like 4-6% on my purchase. When I brought to the person making my setting, he said that there would be no way I could get the price that low if I bought it from him.
 

dreamer_dachsie

Super_Ideal_Rock
Joined
Dec 16, 2007
Messages
24,360
Gibson486|1304297390|2909550 said:
I doubt it....

As mentioned earlier, profits are below 10% in lots of cases. they rely on volume, like a supermarket.

When I brought my diamond to be appraised, the appraiser said it could have been likely that the vendor made something like 4-6% on my purchase. When I brought to the person making my setting, he said that there would be no way I could get the price that low if I bought it from him.
And low overhead too I presume.
 
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