Schadenfroh
Elite Member
- Mar 8, 2003
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Originally posted by: Mo0o
Originally posted by: suse920
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Gottadeal has coupon codes on sonz that makes it reasonable
Originally posted by: suse920
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Originally posted by: ironwing
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Originally posted by: Mo0o
But thats not artificially inflated is it? it just simply isn't there. De Beers has large store rooms of diamonds that they hold on to instead of releasing it into the market.
Originally posted by: Sphexi
Originally posted by: Mo0o
But thats not artificially inflated is it? it just simply isn't there. De Beers has large store rooms of diamonds that they hold on to instead of releasing it into the market.
Every diamond that's sold goes through hours and hours of work, being polished, examined, cut, inspected again, and then it has to be mounted to a setting and verified once again before it can be sold. Diamonds aren't as inflated as you think, look at most jewelry stores, how often do you think they sell a $5000 ring? Probably once a month, twice a month, just enough to cover overhead costs for that store, not to mention costs on the ring itself.
So yeah, they do price things up a bit, but not by an extreme amount, and no more than most places. Go check out electronics sometime, most of the small stuff there is marked up by 1500% or more, costs the store $1.50 and they charge $30 for it.
Originally posted by: Acanthus
Originally posted by: Sphexi
Originally posted by: Mo0o
But thats not artificially inflated is it? it just simply isn't there. De Beers has large store rooms of diamonds that they hold on to instead of releasing it into the market.
Every diamond that's sold goes through hours and hours of work, being polished, examined, cut, inspected again, and then it has to be mounted to a setting and verified once again before it can be sold. Diamonds aren't as inflated as you think, look at most jewelry stores, how often do you think they sell a $5000 ring? Probably once a month, twice a month, just enough to cover overhead costs for that store, not to mention costs on the ring itself.
So yeah, they do price things up a bit, but not by an extreme amount, and no more than most places. Go check out electronics sometime, most of the small stuff there is marked up by 1500% or more, costs the store $1.50 and they charge $30 for it.
Read up on the De Beers monopoly, and the atrocities they commit to get the stones that they withhold from the market to artificially inflate the price and strongarm the diamond market.