Shouldn''t drop in Platinum pricing give me a better deal?

[ShariMichele]

I am looking at buying a Platinum setting and have noticed that Platinum is at a nearly 3 year low in price right now. In fact, it''s down to almost half of what it was a month ago. Shouldn''t this translate to me getting a better price on a custom platinum setting? Anyone else have any luck negotiating this?

 

[neatfreak]

There are a lot of threads on this recently. Theoretically it should. But it doesn''t mean it will automatically. Negotiate!

 

[HeartingDiamonds]

Agree with Neatfreak above- theoretically, it should.

However, pricing on mountings and finished pieces is also dependent upon many factors - labor being chief among them. If you are having a custom piece done, there is a lot of man hours involved in the actual manufacture of such a piece and that is what you are paying for. The best bench jewelers, engravers, setters, etc in the industry charge a premium for their work as well.

If you take a stock cast piece that was $1000 when platinum was at its all-time high, then yes, you can conceivably purchase the same piece for less when the metal prices go down.

 

[Avplayer]

it all depends on when they bought their settings....if they bought them when they were high, chances are they won''t lower the price much...however goin direct to the maufacturer would give u the better price....Just like gas prices. Even though crude oil is down over 60% of its summer high, gas prices only have dropped about 35%