Eagan Exchange Jewelry Mn ?
Q.Jewelry stores will take jewelry at the full retail price in exchange for other jewelry. I think coin dealers should be required to do the same with coins.
A.You're a bit confused about the jewelry biz. A retail jewelry store is normally selling merchandise at anywhere from 80% to 300% markup!! (Other than in certain areas such as loose diamonds where they must be a bit more competitive) The stores that will "take jewelry at full retail price" you refer to, would NEVER take items from any other store at "full retail price". They'll take their OWN item back that they sold to you, (in perfect condition with receipt of course) in exchange for a HIGHER priced item of equally bloated, 80% or higher markup. T hus they extend their profit margin on the "trade" without losing a thing. I visit the major jewelry show at San Mateo twice a year. Believe me, the Jewelry stores are doing you no favors with their "50% off" sales, and "we'll exchange at full price" policies. But again, this is one of the ironies for a coin dealer. Buyer's consider a 20% spread on a collectible coin to be grossly excessive. They'll moan and goran at length on the huge "spread". Yet they think nothing of plunking down $300.00 for that Amethyst pendant necklace for their wife's birtday gift, which cost the jeweler $60.00 to purchase wholesale (a 500% spread!!!)
Other Questions :
The making jewelry watch
Since you seem to know something about clockmaking, can you recommend good sources that discuss hand-pump watchmakers / jewelers' lathes? I recently acquired a 7-inch antique one, http://www.historicgames.com/lathes/bowlathes.html and ha...
Where are all the Toe Ring Lovers Out There?
Man! Is this NG slow! Thought I'd drum things up and get up to date on a few things. 1. How many of you folks wear toe rings? How many guys? How many and what kind do you wear? Adjustable sized? Silver or Gold? How often? 24/7? 2. If you do...
Loose Mine Cut Diamonds
When were these diamonds cut or when were they fashionable? What is the current value of these diamonds? What is the usual grade and Size? Where can one purchase these stones/set pieces Please give any information.most of what we call "mine ...
pearl necklace question
A friend wants to get a strand of pearls for their daughter's graduation, we were discussing different aspects of pearls. Size, quality, color etc. I know we have some gem experts here or at least pearl lovers. For a classic, keep fore...
Unwise to buy fine jewelry at auction?
A local auction house is having a fine and estate jewelry auction monday night, and at the preview I saw a beautiful platinum and diamond bracelet as well as a platinum and diamond ring. As I don't have a "gemologist friend" to bring along to i...