When buying a diamond ring...?
what is the profit margin for the jeweler? I currently hold a 1.15 princess cut diamond ring and am looking into a 2 to 2.5 carat center cushion diamond. If the asking price is 16,000 and the "appraisal value" is 37,000, I am figuring in that is room to negotiate, since it seems the "real" convenience is about 1/3 of the "appraisal value" across the board. If I proposition the jeweler 12,500, will he be offended, counteroffer, or what will appear? He is in the jewelry district of LA and runs two stores here. I did go contained by person to look at the diamond ring, it is a "d" color, SI1, excellent order cut (cushion shape). I looked through the loop (loup?) and the inclusions are visible beside magnification, although small and scattered, as would be expected of an SI1. I love the color and the size of the ring...it is right at roughly speaking 2.5 in the center near an additional .80 total on any side of the larger one. Any advice contained by negotiations would be greatly appreciated.Answers: A jeweler does more than of late sell you a nugget. He gives you counsel, stocks goods, manufacture jewelry, emplys staff, rents a store, ... That does not come for free. It makes Tiffany charge superior prices than your local jewellers usually. That is apart of the added value a client pays for. The jewelers buy tons diamonds from their supliers who are wholesalers, so they get better conditions than you per definition. It would be surprising if you return with the same conditions. It is not rigging but an economical logical reality in this luggage. A regular quantity buying client does more for a supplier than a one time customer so will be rewarded differently economically.
Apprasails are not a merit base inwardly the diamond trade at all. It is a tool for insurance companies.
We work beside a wholesale pricelist that is call the Rapaport diamond price list.
A 2 to 2.5 ct obedient cut fancy shaped diamond D SI1 is valued at 11.500 USD per Ct. If you get a discount on it, that seem like a correct price to me already, based on greatly good cut and a report from a serious lab. So your price is apt indeed !
The report - preferably from a serious lab like AGS, IGI, GIA - explicitly coming with the diamond, states the ability parameters approaching cut, clarity, color,size, ...
Jewelry appraisals are meaningless. Nobody buys used diamonds -- ever hear Debeers marketing campaign "A diamond is forever?"
Diamond pricing is adjectives about cut, color, and clarity. You can win a 1ct diamond for $200 or for $2000. SI1 is only of moderate clarity.
Clarity grades:
I3, I2, I1, SI2, SI1, VS2, VS1, VVS2, VVS1, Flawless.
http://en.wikipedia.org/wiki/Diamond_cla...
A lot of appraised values are for insurance purposes.
If indeed you are looking surrounded by the Jewelry district of L.A. Most of those are a bit higher than regular. Go to the Tall building in the district. Go into it and look at the diamonds within to get a comparison. You would with the sole purpose be able to bring back to some lower level areas. The others are for retailers singular. Real high finishing stuff.
I would not pay anymore than 50% of the asking price. Profit for the jewler adjectives depends on where they in truth bought the diamond. When I was looking for a diamond ring, the price stub was 18,500. This be at a jewlery store which has a couple locations within CT. I offered 9,000 and they took it. The best way to negotiate is to jump to the jewler and tell them that you hold another place with indistinguishable thing for partially the price. Write it down, so it appears that you have a "written offer" I did this near a Mavado watch 2 weeks ago. The price flap was rather over 1,000.00 and I got it for 625.00
Salesperson, agent, distributor? Best set up?
I have a client who have developed and is now trade a *** of 10,000 items that have cost in the order of 90p each to produce and should hold a shop price of lb2.99 (not yet anyone sold anywhere). This is a small tool and so eventually it should be sold via a big chain/distributor. My background is engineering/R&D. I enjoy for a while been looking for a product to simply deal in and thus get a nice regular income stream going. Trouble is, my experience beside sales is as a service provider not selling products. The best chance seems to be to supply the gadgets to innovations catalogues and websites, to be precise, as a b2b set up. What I am unsure about is what thoughtful of contractual arrangement would be best with my client (and what commission? 20%?). How can I safeguard against the adjectives situation where the item take off and a bigger company cuts within on me and presents my client with 'an bad he can't refuse'?Answers: To start with, remember everything you know in the region of intellectual property. If the law's on your side, the big boys will leave you alone (they've get the most to lose, you know).
Catalogs are cool. But how about direct post? Put on an advertisement, resembling an infomercial. You might even be able to increase the price point (ie, 8.99 for the first, second one FREE... plus shipping and handling).
Why payment some store whose margins are already strapped, when you can have adjectives the profit for yourself? If it turns into a blockbuster, you'll have a strong baggage for if you ever do decide a store's the best place. And they may even come to you...
Hope that help.
Get yourself a solicitor so you can have a contract made up as as sole agent for this product.
This would as a rule give you the sole rights to contact any distributors/ retailers.
This would just be for a defined period of time, and would probably enjoy clauses to protect your supplier like e.g sole agency until 6 months hence (say) but near a minimum number of units sold attached.
Your supplier wont want you to enjoy total control over his business unless you can demonstrate to him that you can shift his stock.
Make sure the design is patented (if possible) because otherwise if it is copiable you will both lose out.
After how much violate does a place, approaching a guard, stop taking a bill?
Its hard to explain.For example, if I clutch a dollar bill and crumple it up
rip it and write all over it, will a mound take it.
To what extent will the dollar work.
If I whip a dollar and rip in two, 40% and 60%, will the 60% work?
How does a guard tell from 60% and 50%?
How much writing can it own?
Answers: I know a lot of folks don't want to read a whole article...but if you want the answer:
http://usgovinfo.about.com/library/weekl...
Best Wishes!
I believe you enjoy to have at least possible 1/3rd of the bill at the bank, and they'll exchange it for you.