P.O.''ed at Tacori

[Tacori E-ring]

Date: 12/19/2007 12:18:36 PM
Author: NeverEndingUpgrade
I contacted another dealer, and he thinks that someone sold some Tacori rings to overstock.com without authorization. He has alerted Tacori as to what is going on. Should be interesting what he finds out.


Tacori E-ring, I LOVE your ring. I saw it on another post. Is it in platinum, and if so, have you been happy with the platinum?

Thank you! I am happy with platinum. At the time Tacori did not make their rings in WG. I love the weight and since it is more antique inspired don''t mind the dulling (though I think it is still pretty shiny) Like I mentioned before my setting was designed for a RB. Tacori switched out the heads (also fits into the setting. I have a few threads with other views if you do a search) seamlessly for NO extra charge. Also I remember the jeweler saying they are happy to switch stones (if I wanted a sapphire, yellow diamond, etc...in place of a white diamond in their designs). I am sure if I had changed the sapphire for diamonds the price would reflect that but I went into my e-ring search WANTING blue sapphires in my setting. I love the detail in Tacoris. My milgrain is SO fine I love it. I just cannot imagine such a huge price difference. Hopefully you will get some answers! Good luck and be sure to post pics!

 

[icekid]

Date: 12/19/2007 12:18:36 PM
Author: NeverEndingUpgrade
I contacted another dealer, and he thinks that someone sold some Tacori rings to overstock.com without authorization. He has alerted Tacori as to what is going on. Should be interesting what he finds out.

There have been Tacori settings on overstock for quite a while now- at least a year that I have noticed personally. I highly doubt that they are not aware of this fact. Sounds more to me like the dealer is trying to protect his profit margins. Can''t have someone underselling him by thousands.

 

[NeverEndingUpgrade]

OK, everybody, an online dealer of Tacori said that he contacted Paul Tacorian and P.T. regularly sells his overstock to, well, overstock.com. Nice to know that his regular retail dealers have to offer the items at full price. Howz that for exclusive?

 

[TheDoctor]

Someone explain how a company can become "overstocked" and dump regular stock production styles to third parties. Any accountants or MBA''s here?
It just doesn''t happen in the jewellery world. The retailers of those lines would rebel.
I might subtly suggest that, to follow my earlier assertion, that companies sometimes produce what are known as "seconds".
In common vernacular, they slightly suck. They are blown out without warrantee, and third party sellers work well for this.
As for the particular ring in question, it is set with treated diamonds, maybe an error, maybe a special order return that needed to be disposed of.

Disposal, a fairly accurate description.

 

[Kaleigh]

Date: 12/19/2007 8:01:22 PM
Author: NeverEndingUpgrade
OK, everybody, an online dealer of Tacori said that he contacted Paul Tacorian and P.T. regularly sells his overstock to, well, overstock.com. Nice to know that his regular retail dealers have to offer the items at full price. Howz that for exclusive?

Did you know they also sell a line on QVC?? I was shocked to find that out. Talk about cheapening the brand. JMHO. I love Tacori, and feel they are going down the wrong path here. But what do I know.

 

[diamondseeker2006]

Neverendingupgrade, just because the sample ring at BBB is 1.5 carats does not mean that the ring on Overstock.com has the same size head. Many of the rings on there have heads for 1 carat stones. It certainly would be worth a call to overstock to see. I''d also find out if they have a return policy and that way you could consider ordering it to look at.

In any event, that setting is just not worth $6000. Maytal Hannah is another one who coudl make it for you, but it would cost more than the one on Overstock for sure.

 

[strmrdr]

Date: 12/19/2007 8:37:40 PM
Author: TheDoctor
Someone explain how a company can become ''overstocked'' and dump regular stock production styles to third parties. Any accountants or MBA''s here?

It happens all the time for tax reasons in the U.S.
When labor is a large part of your cost on an item holding it can get very expensive.

"Cost of Goods Sold

Some businesses may make or buy goods to sell. If so, these businesses may deduct the cost of goods sold (COGS) from their gross receipts. To determine these costs, the value of inventory at the beginning and end of the year must be calculated.

There are several factors that go into determining COGS including:

Inventory at the beginning of the year
Purchases less cost of items withdrawn for personal use
Labor costs (generally applies to manufacturing and mining operations)
Materials and supplies (generally a manufacturing cost)
Other costs (generally applies to manufacturing and mining operations)
Inventory at the end of the year
Inventory, net purchases, cost of labor, materials and supplies, and other costs are added together. Inventory at the end of the year is subtracted from this total to determine COGS."

This is a huge reason companies went too just in time inventory.
When a large percentage of the cost is the goods themselves like diamonds it doesnt hurt to hold them but with settings where the largest cost is labor holding inventory is stupid.
Also in some areas you pay property taxes on your inventory float which is a profit killer.

 

[strmrdr]

Date: 12/19/2007 8:52:30 PM
Author: Kaleigh

Date: 12/19/2007 8:01:22 PM
Author: NeverEndingUpgrade
OK, everybody, an online dealer of Tacori said that he contacted Paul Tacorian and P.T. regularly sells his overstock to, well, overstock.com. Nice to know that his regular retail dealers have to offer the items at full price. Howz that for exclusive?

Did you know they also sell a line on QVC?? I was shocked to find that out. Talk about cheapening the brand. JMHO. I love Tacori, and feel they are going down the wrong path here. But what do I know.

That is often the way brands work and why you cant trust brand names without paying attention too them.
Walmart, kmart, Sears and other big box stores combined with huge manufactures buy up brand names every day.
Some of the big names in jewelry are now just fronts for huge factories that sell under dozens of names.

 

[NeverEndingUpgrade]

Date: 12/19/2007 8:37:40 PM
Author: TheDoctor
Someone explain how a company can become ''overstocked'' and dump regular stock production styles to third parties. Any accountants or MBA''s here?
It just doesn''t happen in the jewellery world. The retailers of those lines would rebel.
I might subtly suggest that, to follow my earlier assertion, that companies sometimes produce what are known as ''seconds''.
In common vernacular, they slightly suck. They are blown out without warrantee, and third party sellers work well for this.
As for the particular ring in question, it is set with treated diamonds, maybe an error, maybe a special order return that needed to be disposed of.

Disposal, a fairly accurate description.

TheDoctor, maybe you could ask Paul Tacorian.

 

[tdiddy]

I also have a Tacori setting and had to have it customized (my stone was a little over 1.6 c and the setting didn''t come for that size standardly). I priced the customization at two locals jewelers in my hometown, and there was a definite price difference. I can''t remember the exact amount, but it was probably ~20% less at the one jeweler. plus when they realized i price shopped they agreed to set it for free (other dealer wanted to charge) and set the price (other dealer gave me a range and wouldn''t commit until after the work was done). It''s worth it to check around and let them know you are looking for the competitive price.