- Joined
- May 30, 2004
- Messages
- 25
Has anybody noticed how many diamond rings are being sold with a $1 starting bid, no reserve, which miraculously come up to full value, and that''s assuming you can trust the descriptions, because they aren''t certified goods.
I smell a rat, and I don''t think it is good for the consumer or the jewelry industry in general.
There is some neat software out there that tracks bidders'' bidding & buying history and sometimes the results are remarkable. The same buyer buying two to three engagement rings over the month while they contribute as underbidder to about another 8 - 12 sales. And that same buyer only buying from two or three seller''s exclusively. Either these guy get''s engaged a lot or they are in the trade buying inventory at closer to retail than wholesale prices.
C''mon, give me a break.
I smell a rat, and I don''t think it is good for the consumer or the jewelry industry in general.
There is some neat software out there that tracks bidders'' bidding & buying history and sometimes the results are remarkable. The same buyer buying two to three engagement rings over the month while they contribute as underbidder to about another 8 - 12 sales. And that same buyer only buying from two or three seller''s exclusively. Either these guy get''s engaged a lot or they are in the trade buying inventory at closer to retail than wholesale prices.
C''mon, give me a break.