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!
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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