How much does it cost for Jewellers to produce a diamond ring?
I am wondering, when jewellers sell 1 carrat diamond rings for over £4000, what are the profit margins for them? i.e. how much does it cost to produce the ring altogether to justify charging such prices?
Question answered by Karen C
Everything depends on the diamond quality and the setting mold.
If the setting is custom, a mold must be made, tested for strength, etc. Some clauses are that the mold will be/has been destroyed, guaranteeing a unique ring...with the full setup costs to go with it. Even if not unique, there are a lot of costs to be defrayed for the artist, mold maker, manufacturer, etc.
Then comes the carat quality/cut of the diamond. There are a lot of fees to various countries and brokers which must be paid for legitimate natural diamonds to maintain the integrity of the market / value of the stones. This is a finite natural resource.
A good quality man made diamond can only be detected by a jeweller for a lot less money.
I want to buy a new tag heuer watch. How could i get the jewellers to give me discount?
I am going to buy a watch for my 21st birthday. What ways are there in which the jewellers i bought it from would give knock some money off?
Question answered by brilock1
find the one you want, then try the internet, ring high street jewellers ask them to beat your best price. i saved 20% on my Gc collection.
What is the smallest precision jewellers screwdriver you can get?
Can anyone tell me what is the smallest precision jewellers screwdriver you can get? I was looking for flathead and phillips but I don't understand the sizing's for the philips type not sure what it means. If anyone can tell me in millimetres I'd appreciate it. So far the smallest flat head I have found is 0.6mm. Can you get smaller than this and what is the smallest phillips type? Thanks.
Question answered by Bob 438
Buy an eyeglass repair kit. They come with the smallest screwdrivers, phillips and slot.
Who are the good high street jewellers in Sydney?
I need to find a decent jeweller in Sydney? Who are the good guys in this area. Not originally from Australia so don't know who has the better reputation etc?
Question answered by bron357
There are number "chain stores" like Goldmark, Prouds and Angus and Coote but they have high prices and poor quality.
There are any number of better jewellers like Gregorys and Canturri but they are expensive. Maybe even look at antique jewellry, you'll get much better value for money. So it's preloved, who cares if it's nice!
Why do jewellers charge so much to replace a battery on my watch?
I have a couple of watches and every time the battery went flat I'd have to pay £10 to get a new battery replaced and fitted in a jewellers' shop which I always thought was extortionate. I've just bought a pack of watch/calculator batteries in a discount shop for just £2 which will cover me for 6 battery replacements.
How do jewellers' shops get away with charging so much?
Question answered by Shrimp
Because they can, unfortunately. Jewellery shops are usually owned by misers anyway. Better off doing what you did, which most people do now anyway for the exact same reason.
Does anyone work as a sales assistant in a jewellers?
I was just wondering if anyone has or is currently working in a jewellers as a sales assistant? (Beaverbrooks, H. Samuel, ROX) I start a new job next week in a jewellers as a sales assistant and was wondering if it would be monthly pay, fortnightly or weekly? Anyone have a rough idea?
Thank you :)
Question answered by Christopher
Most employers now pay monthly - but what your specific employer does is up to them. Ask them how often you get paid - it is something you have every right to know, so no-one will be annoyed by the question.
How can i get a retail jewellers diploma?
Can someone please tell me what can i do and how can i get a retail jewellers diploma.
Question answered by Shelly
You could get in touch with GIA (the Gemological Institute of America). They have on and off campus courses for various aspects of the jewelry industry. www.gia.edu
I want to know how the Bullion trading process. Like from mines to refinery and then to local jeweller?
Like when we buy from Jewellers the Bullion bars what profit they make?If Gold/Silver have the same international price then how they can make profit on day to day business?
Question answered by terry_macrofly
I just do electronics trading. for exsample, MP4 player.Car DVD player.DVB-T USB stick and so on. the bullion trading process maybe as same.
Is Paris Jewellers a good place to buy an engagement ring?
In terms of quality and service (warranty, cleaning, etc) after a ring is bought. For example, Peoples provides free cleaning and a full lifetime warranty on your ring. I am wondering what others' experiences are with Paris Jewellers.
Question answered by Half The Ant I Used To Be
Not as good as The Diamond Cellar..
How to find a small jewellers to make me or buy a engagement ring form.?
I'm wanting to spend about 11,000 on a ring for my girlfriend but don't want to pay the 'tiffany' 'de beers' 'boodles' 400% mark up.
Can anyone advise me how to find one of these quality jewellers to buy a ring from?
Question answered by Rheanys
Find a small custom jeweler in your area (ask around with people that you know to see what jewelers they go to) and have them make a custom ring for you. This makes a special, unique, one of a kind masterpiece for the woman you love.
Also check online. Stores like Blue Nile and James Allen offer some beautiful rings that you can pick the setting and stone for at good prices that don't have the mark ups of higher priced stores. I had heard especially good things about Blue Nile.