Monday, March 4, 2013

How Much Is My Jewelry Store Item Worth When I Buy It?



One thing we can tell you is the item is worth a large percentage less as soon as you walk out the door. We tend to find that jewelers mark up their products up to 500%.

They buy a ring that in many cases was made by a manufacturer. They buy a diamond from a diamond supplier according to what you are looking for. Then they
set the stone in your setting and multiply their cost by five. Yes believe it or not!

The appraisals they provide on their items is bias at best and you can never recover your investment. We suggest you buying diamonds through Gold Solutions and have them set by the jeweler. This will save you thousands.

If you are trading in gold jewelry it is much worse. Since you do not know the real cost of gold jewelry the jeweler is providing you, they take advantage of that. When they say they will trade in your jewelry for the new ones they provide, they just transfer value from their jewelry and end up paying nothing for your gold.  Always trade your gold separately.

Can you image the cost to maintain all the jewelry in this store and all others?  They can't pay well!


Kevin Robbins;   Gold Solutions

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