What is the mark up on Diamonds ?
 

From wholesale to retail
I am hearing very different reports from 100% too 10%
Anyone know ?

Wholesale on average is about 50% of retail prices. When bartering you can usually get anything for about 20% off without a problem.

The flow to there vaults has slowed, ive been told theres 30 million stored carrots

if you get like 30-40 off of the rappaport. I think you are doing ok. Make sure its certified.

yeah Cert is where it's at and not just by anyone, GIA is the best and they fuck up from time to time as well:2 cents:

Are you in the biz?

yeah good question

im positive there's quite a few gfyers involved in wholesale diamonds

I sell diamonds... my markup is somewhere about 10,000%. Then again I deal with blacks when buying.

hoodtube right ?

They don't even have close to the dough

They aren't even actually all that rare - anyone who is a "site" for debeers has seen vaults filled with stones. They just control the market tightly.

So ?
.....

I always heard jewelry was almost 300%. So I would suspect diamonds are in that range.

No way is it 100%. Regular retail items start at 100%. Clothes 200% or more. Fine jewelery and other items are at the high end.

No retail store that sells anything operates at less than 100% markup. The bare minimum rule for retail is to double your money on every item. For example, if you buy a pair of speakers from Best Buy for $200, that probably means Best Buy paid around $100.

What about online items??
How can one order diamonds wholesale if in fact the mark up is 300% that is a nice chunk

yes:thumbsup

you're wrong on the electronics , they dont have 100 % markup on the major items, speakers, stereos, Tv's, they make their money on the accesories and extended warranties:winkwink:

So what is the secret mate?
Lets say on a site like blue nile. What are they making per sale?

Retail companies make an effort to make customers think there isn't much markup because non business minded customers wouldn't understand that 100% markup actually isn't that much and it's barely enough to stay in business. If customers knew how much items were marked up, they would get angry. For example, an article came out that the Microsoft Kinect costs $60 to make and there was all kinds of angry articles on gaming blogs about how it's a rip off to sell it for $150. They didn't realize that those numbers actually put it at as one of the lowest markup items you can buy. Video game consoles have low mark up early on, but that's a unique situation because the console makers earn money from every game sold.

Trust me, do some research or talk to a retail buyer, the lowest minimum markup is 100% for a company to barely stay in business. There are a few items here and there that are less, but a vast majority of items start at 100% markup and go up from there.

Speakers fall into the category of 100% markup or more.

Fun fact: there are enough diamonds in the world for every man, woman, and child to have a cup full of them.

qft :thumbsup:thumbsup:thumbsup:thumbsup

speaking of which :winkwink:
http://www.cnn.com/2012/03/15/busine...html?hpt=hp_c2

not sure, sorry................ I pay attention to what I'm doing, do not worry about others :winkwink:

The same thing happens with porn sites and people selling software. I've been saying for years "don't mix surfer traffic with webmaster traffic".

Webmasters/affiliates/IMs know that if they visit a site that sells an interesting product, they can look at the bottom of the page to see if there's a tiny "affiliates" or "webmasters" link to find out if the site has an affiliate program they can sign up to.

Sadly, some programs still insist on putting huge flashy "click here to make money" banners on the bottom of their pages. Or some even include an "affiliate" button in their main navigation bar. I guess they think that if 1 affiliate brings in x number of sales then 10000 affiliates will bring in 10000 times x amount of sales. The problem they are creating however is that by drawing attention to their affiliate program on their sales page/site, some of their potential buyers will click through to the affiliate page/site and get pissed off.

On warez/crack boards, I've seen people justify their use of pirated software by referring to the fact that the manufacturer "is able to pay xx% to his affiliates". These surfers of course don't understand that the manufacturer would otherwise be spending that money on extra employees or on buying ads etc.

When you are buying certified diamonds, there is a set price based on size, color and clarity.

ie. If you have a g color si2 that is 2.2 carats. there is a set price. the chart it goes by is called a rappaport.

http://www.diamonds.net/Prices/RapaportPriceLists.aspx

The price there is list price, or as you might know the term 'MSRP' for cars or things alike.

As I mentioned in my previous post. If you are purchasing a diamond outright. I would make sure its certified. You can surely as the company selling you the diamond what the rappaport price is, and how much of a discount you can get from that set price since the diamond dealers usually get a heavy discount on that. If you get 30-40% off of that price. You are usually not getting ripped off. As far as buying a ring with it. Same goes for gold or platinum. There is a set market price for these metals. Find out what the metals are worth, how much weight you are buying, and you can see how much it is marked up from that point.

This is kind of how you can figure if you are getting ripped off, as well as what kind of markup people are selling for.

Anyone know where to get a good deal on a diamond? Ebay I would think is the best place.

What about if I flew out of the country?? Could a country have a better deal??

What country are you in?

I wouldnt buy a diamond off the internet.

US but I can travel anywhere. If you buy it at ebay then you can return it if it's not what you want.

I also like the man made diamonds I don't see why to not use those.

Do you know the retail name for Synthetic diamonds?

Cultutred I believe is another name of Synthetic diamonds.

No need to leave the US for diamonds.

I personally would just want to look at something like that in person before i purchased it. There is no shortage of them and anyone selling them will negotiate with you, unless its a Jareds Jewelers or something.

I wouldn't mind selling diamonds either if I could get a good price and importing them wouldn't be too hard.

There is one called Moissanite (sp?)

It depends how jewish you are.

diamonds are actually not rare. Diamond companies hoard them to keep the prices up.

That's a different but equal in quality stone. I would actually want a diamond but the kind that is man made from Cole rather then mined.

moissanite is not mined :2 cents:

My sister is in the jewelry biz. I know that she doesn't deal with too many diamonds, but I do know that the strategy is very simple. 2 steps: invest in a good security system, and milk the fuckers for every single last penny. Not that I have a problem with that. Anywhere from 200 to a-fuckload% markup. Talking dollar equivalents, there could be $10 worth of precious metal in a $300 ring. Her driveway alone is evidence that she isn't playing the 10% markup game and hoping for the best.

A bitch in a Bentley is still a fucking bitch, though. And she still can't drive for shit, either. :1orglaugh :321GFY

The value of a diamond can vary greatly. Primarily on the cut and clarity. There is no real "markup" guideline. Most diamonds are bought and sold in the same way domains are. The happy medium between buyer and seller. If you are looking for a broker give my friend Josh at diamondbanker.com a call.

Moisonite or however it is spelled looks too green... There is a really a very good simulate called Asha.. it's even slightly tinted to look more real. . .

http://www.goodoldgold.com/ buy from these guys
They know how to cut stones, and don't generally sell shit. Good prices too, very good.

If you just walk into some mall or regular retailer, you're not coming out with your ass. The markup is huge on the garbage they sell and they pay their stooges 1% commission if any for raping everyone. Fuck their IGI certs and all of that shit. Look for GIA or AGS certs- good shit.

Oh and EGL is OKAY but make sure it's EGL USA and expect it to be a grade lower than what they say it is and ignore the hell out of the dollar value they assign because they'll say a $1k rock is worth say $7k (but this can be good for insurance purposes if the company accepts it which most don't)

I heard that another EGL lab was getting to be pretty good, can't remember which one