What is POLYGON?

[curiouscanuck]

Can someone please tell me what the polygon network is? Who sets the prices on the stones charged to the vendor/dealer? And when the stone gets to the consumer level, how much mark-up is there?

Thanks a whole bunch!

 

[AGBF]

Polygon is a network open to those in the trade. They have at least one forum. I do not know what else Polygon does besides providing a place for jewelers to talk (and fight amongst themselves).

 

[fire&ice]

To add: Polygon is a web listing of stones available for dealers to buy from *true* wholesalers/cutters. One must be in the trade & "subscribe" to the list. I believe the cost runs around 1k. If I am wrong, please correct me.

 

[dimonbob]

(Who sets the prices on the stones charged to the vendor/dealer? And when the stone gets to the consumer level, how much mark-up is there?)

The prices of the diamonds are set by the person/company that owns them. The mark-up to the consumer is the same, it is up to the owner.

Mark-up in a jewelry store usually depends on the cost. The higher the cost, the lower the mark-up. A $0.35 (cost) watch battery often ends up costing $10.00 or more installed in the watch. The mark-up on a diamond that cost $3000 and one that cost $15,000 would be different. Every store sets it own policy.

 

[curiouscanuck]

Thanks for the info.

I thought somehow it would be cheaper for the end consumer to obtain a diamond when the vendor goes through polygon.

I guess not, especially when every step of the way, someone, somewhere will take a cut.

 

[Greatcall]

I didnt know that the public could buy directly from Polygon

 

[fire&ice]

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On 9/9/2003 2:18:12 PM Greatcall wrote:

I didnt know that the public could buy directly from Polygon
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They can't.