Let me explain something to the group yet again and make sure it is extremely clear. As a buyer, it is your responsibility to do your due diligence to verify things from time to time. This is not an excuse for a buyer to intentionally try and rip a buyer off... but lets keep things in perspective. If a seller tells me a car runs perfectly with no issues, that is awesome!, but I am still going to have it looked at by a mechanic. In yet another specific example, if you want to buy a piece of jewelry and if you have any questions... people... meet at a jeweler together and have it APPRAISED in person. DO NOT hand over the money and expect to come back days later and want to get 3/4 of your money back because a random jewelry told you THEIR price they would buy it at. Sorry to be the bringer of bad news but jewelry depreciates steeply just like a car most of the time. An asking price for a piece of sterling jewelry is just that... a subjective valuation based on an original purchase price that may or may not reflect current metal values. To then turn around and try and trash someone because you are not happy with the price a jeweler quoted to buy the same piece from you is simply not going to fly. 1. The price quote at which said jeweler will buy is 100% not the true value of the piece to begin with. That price is going to be at LEAST 15-20% lower than true value so they can then turn around and either resell it or sell it for scrap value and make their money that way. 2. A quoted price for a jeweler to purchase a piece of jewelry is not an appraisal to begin with. Lets understand the difference. 3. News flash, most jewelers, when quoting a price to begin with, do not even take into account any small stones that may be set in the piece. If it is, it is often only weighed as part of the metal value to begin with. Most of the time the stones are simply pulled and have no monetary value, diamond or not. Ladies and gentleman, diamonds are not rare like the good people at De Beers would like you to believe. Although they may last forever, their retail value does not.
Posted on: Thu, 08 Jan 2015 03:33:13 +0000
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