price negotiations

[wifrbr]

Is it normal to negotiate the price of a diamond. if so any tips. How much lower can they go. For example I got a price in the $14k range, how low do you think I can go. $12K??

Thanks

 

[MissAva]

I would say that depends on where you are shopping. A little more info please!

 

[wifrbr]

just a local jewelery store. I recieved a list of a few diamonds. I think based on Rappaprt b/c some of the prices had 40 cents, 60 cents. That is strange to have something cost 14,450.40?? Why not round up/down

Thanks

 

[MissAva]

Price Compare Here Rap sheets do not set prices. Have you studied the tutorials yet? What shape are you looking for? Clarity, color, cut, size? What sort of setting do you want for the stone?

 

[Regular Guy]

I agree with Matatora. Having an idea of comparables available to you will help you negotiate. This link reviews the idea, and the one below my signature shows you where other databases are.

 

[Roughdealer]

Its Depends where yore buying. But commonly , you will buy a very good loose stone , and the setting sepparately , paid $ 200 or so 4 the setting the stone in the ring, necklet etc etc, and save about 45% of average Jewerly prices , and could be more ... I dont Know..may rise .. 60% ...100% ... if this Jewerly are sold by a "Very Much Reputable" or "Brand" Jewerly.( I WILL never stop to say it IAMONDS HAS NOT ANY BRAND , ALL CAME FROM THE MINE AND BIGGER CUT CENTRS LIKE ISRAEL, BELGUM AN INDIA.... NOTHING MORE... IT IS WISE NOT PAID A MADNESS AMOUNT FOR "AGREGATE VALUE???

 

[wifrbr]

what if it is a regent, there really isn''t a database to compare prices. Do you know typically how much jewelers mark up the diamonds, also how much do you think I could nogogiate the price for 10%/20%/30% off

Thanks

 

[Shay37]

Date: 11/4/2005 6:14:41 PM
Author: wifrbr
what if it is a regent, there really isn''t a database to compare prices. Do you know typically how much jewelers mark up the diamonds, also how much do you think I could nogogiate the price for 10%/20%/30% off

Thanks

The answer to that is really how much the diamond is marked up above their cost to begin with. Keep in mind that local jewelry stores have a much higher overhead than someone with simply an office and a presence online. My MIL worked at one, and I would not have wanted that electric bill for just the lights.

Some stores price with room to move, and others price to sell. (what you see is what you get) They can''t move because they have calculated their overhead and % of profit already and this is their bottom dollar.

It does not hurt to ask, however, if there is in fact room to move. Perhaps something along the lines of "I really love this stone, and I want to give you my business, but I''m not sure I''m a buyer at that price." If they have a percent off built into their pricing schedule, that''s generally when they will let you know that.
Hope this helps.


shay

 

[DiamondExpert]

One word of caution - don''t try to negotiate without at least one solid, cogent reason!...and price differential can be one of your weakest cards.

Also, don''t negotiate in bad faith...in other words if you just "fishing" for a low price without being a serious player you can expect to be told to "take a walk" (in ways you may or may not even understand!).

Play it straight and you will be played straight - at least in most cases.

Good luck!