What does that mean?Date: 2/12/2009 3:22:33 AM
"by moving the his problem onto the consumer"
I''m not going to even try and explain both the diamond industry and economics here.Date: 2/12/2009 8:33:39 AM
So my question remains.
How can the jewelers help diamond cutters in this market so everyone can enjoy a more stable future rather than this mess we find ourselves in at the moment?
sell diamonds is the only answer
Can diamond cutters look to their clients for support or is that door going to remain firmly closed??
I repeat the entire industry is stuck in the model it is in
Do jewelers even care about diamond cutters? yes I think a lot do
If banks are not dishing out credit why on earth should diamond cutters?
because it is the only way to move diamonds right now
Would I be right in suggesting if all diamond cutters held onto their goods and only sold in cash. They would have a much better chance of not going under in the long run even though in the short term this may cause a cash flow issue??
if they have the reserves to sit it out then fine but many don''t. They are better off trying to sell even if they have to extend credit
Date: 2/12/2009 10:03:49 AM
Since this is mostly a consumer site, you aren''t thinking that we are going to jump for joy at your theory that consumer prices should raise to solve your cutter problems are you?
Firstly, I dont really care if you will be jumping for joy or not. I am looking for suggestions on how you all think diamond cutters can survive in this crazy world of Memo/Credit.
Sounds like you have the solution. If you don''t like dealing on memo, then don''t. Hold out for cash if you think that''s the right thing to do. Your problem is if the rest of your fellow cutters don''t fall in line. Then you stick out and lose sales. You should be angry at your fellow cutters, not retailers or consumers.
Actually, I think it points to the heart of one solution.Date: 2/12/2009 11:03:26 AM
I know that this isnt really the solution but I am interested to hear what suggestions jewelers have.Date: 2/12/2009 10:03:49 AM
Sounds like you have the solution. If you don't like dealing on memo, then don't. Hold out for cash if you think that's the right thing to do. Your problem is if the rest of your fellow cutters don't fall in line. Then you stick out and lose sales. You should be angry at your fellow cutters, not retailers or consumers.
Date: 2/11/2009 4:42:45 PM
Can''t diamond buyers see they need to put their own house in order rather than biting off the hand that feeds them and expect diamond manufacturers to offer credit services??
Credit services are generally offered by banks.