4 ms·
Estimate value is replacement value from a store. (Mostly for insurance). People think it's "new" and "never worn". And stores have very high margins. But, if
by faet 7y ago
Estimate value is replacement value from a store. (Mostly for insurance). People think it's "new" and "never worn". And stores have very high margins.
But, if you buy wholesale/used the buy/sell will be closer together. The issue is people think "used" stones are tainted for some reason. Divorced? Bad luck!
It's like a gold band. It might cost $600 in the store. But, really the cost is the weight of the gold (~$50). But, you can buy/sell it at $50 all day.
- chipsa 7y agoYeah, the cost of the gold may be $50. But the cost to make it more than just the gold. It's also the skilled time of the guy making it, and the cost of other materials used (wax, plaster, etc. for the mold), and amortization of the tools. I mean, if you just have a plain, unadorned ring, those costs are pretty low. But if it's got interesting designs on it, or is multiple materials, that's going to cause it to be more expensive. Looking at Zales' website, they've got a 4mm 14K plain men's wedding band for $225. That's probably around 5 grams in weight, with an actual gold content probably around 3 grams. a gram of gold is ~$50 right now, so they're only getting $75 at most in profit from that ring.
- mlrtime 7y agoThere are places around the world (India) Where you can pay for jewelry at the weight in gold. There is little markup for labor/design. The pieces are just as "beautiful" as anything you would get from Zales.