Smartmoney: Buying Diamonds Online

[pricescope]

Nice article in Smartmoney: Buying Diamonds Online. Many websites got ink including DirtCheapDiamonds, Whiteflash, DiamondTalk and Pricescope.

 

[Kaleigh]

That''s awesome!!!

 

[windowshopper]

tiffanys is gritting its teeth

 

[belle]

that was a nice summation.

 

[pricescope]

Some parts on the second page are rather questionable:

"I could create a diamond selling business online within six hours, and the web site could look just like the web sites that BlueNile and the other big sellers operate," says GIA's Angelle.

This can only be said by a person who never tried it. I doubt that a well-functioned and database driven site can be built in six hours

Nevermind tons of work with marketing, answering emails and phone calls, order processing, and other job involved.

"A retailer should give you at least 30 days to return the diamond, no questions asked."

Why not 90 or 365 days?

"Once you receive your diamond jewelry, have it re-appraised to see if you got what you paid for. That, of course, will cost you money. The GIA grades only loose diamonds, so you might have to go to a local retailer to have your stones dismounted by a professional jeweler. Prices for GIA reports vary depending on the size of the diamond, but you can expect to pay $50 to $80 for small stones and $100 or more for larger ones, plus shipping, according to Angelle."

Buying diamond online to get a local jeweler to dismount it and send again to GIA?

Why not just check the stone with independent appraiser to make sure the diamond matches the grading report?

 

[MissAva]

"I was very particular," he says. "My fiancée and I agreed that we weren''t going to buy something [cheap] and upgrade it later."

I liked the article, I think it would be a great place for most to start.

 

[Garry H (Cut Nut)]

Date: 11/7/2005 12:39:28 PM
Author: Pricescope
Some parts on the second page are rather questionable:

''I could create a diamond selling business online within six hours, and the web site could look just like the web sites that BlueNile and the other big sellers operate,'' says GIA''s Angelle.

This can only be said by a person who never tried it. I doubt that a well-functioned and database driven site can be built in six hours

Nevermind tons of work with marketing, answering emails and phone calls, order processing, and other job involved.

''A retailer should give you at least 30 days to return the diamond, no questions asked.''

Why not 90 or 365 days?

''Once you receive your diamond jewelry, have it re-appraised to see if you got what you paid for. That, of course, will cost you money. The GIA grades only loose diamonds, so you might have to go to a local retailer to have your stones dismounted by a professional jeweler. Prices for GIA reports vary depending on the size of the diamond, but you can expect to pay $50 to $80 for small stones and $100 or more for larger ones, plus shipping, according to Angelle.''

Buying diamond online to get a local jeweler to dismount it and send again to GIA?

Why not just check the stone with independent appraiser to make sure the diamond matches the grading report?

Journalists often encounter less intelligent people who are thick as a brick, but because of their position etc - they have been referred to them.

But on the whole it is a reasonably well balanced article.

 

[Garry H (Cut Nut)]

Date: 11/7/2005 12:36:58 PM
Author: windowshopper
tiffanys is gritting its teeth

They will probably loose 5 sales and their share price will drop $0.05.

 

[cymbrie]

Cool, great press.