where to get a cheap diamond ring?
Q.To make a long story short, I'm posting this on the net because my mother will never, in her life, connect to the internet. Because I'm the oldest daughter, my mother gave me her engagement ring, and somehow I lost it. I need to get another one fast, before she is any the wiser. Has anyone bought a marquis diamond ring for less than a grand? If so, where? I think this one is about half a carat; I'll ask my dad as soon as I can get him alone
A.It opened up the question of whether or not the diamond ring should even be bought, whether it should be fake or cheap, whether mom should be told, etc. If someone asks where to buy a cheap axe, I will tell him to go to Home Depot. But if he first tells me that the neighbor's dog has been driving him batty and he would like to chop its head off, I would then question whether that is the best thing for him to do. How in the world did you come up with that. The basic markup on a diamond, at retail, is 800 to 1000 percent. In other words the jeweler paid between $100 and $125 for the stone he sells you for $1,000. This is a fact of life. If you know diamonds you can buy them wholesale for much less. Your price could be in the $250 range for the same stone. I said IF YOU KNOW DIAMONDS. If you think you know diamonds you can spend $250 for a stone the "discount" jeweler bought for $10 to $15. New York City is the best place to find stone at wholesale. There are also a number of wholesale store in Philly. I do not know of other cities. As with any other purchase look for a store that has been in business for a long time. Thiefs do not last long in any business, they are to greedy. The "Used Car" scenario just does not play. I worked for a wholesale jeweler when I bought my former wife's stone (ring, basically the setting is free, or nearly so). I paid $235 for a nearly perfect (there is no such thing as perfect, except in synthetics) 51 point stone. Could have sold the ring for $300 (to a jeweler) when we walked out of the store. Don't know, or care to know, what it would sell for today, but am willing to wager that if she decides to sell it it will bring far more the rice I paid for it.
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