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Tron_fdc · 03-04-2015, 03:32 PM

One thing I learned the last few years is jewelry is a rip off. Our resident jewelry guy has a good explanation.

http://forum.calgarypuck.com/showthread.php?t=139479

Here's a story for those interested:

I have a friend with a diamond ring that was purchased for $15 000.00 at a local retailer (long story). It was appraised there for around $20k, making it seem like a great deal when it was purchased a few years back.

Ffwd to today, and I'm selling it for her because she can't internet. The same retailer offered me $4k to buy it back, citing some BS about "wholesale value", which is what they said they were giving in the first place when it was purchased. I know they do this, because I purchased my engagement ring from the same retailer, along with a few other pendants, etc.

If you're going to buy a ring, do your homework and know what you're buying. You can buy a ring for 5 grand if you do your homework properly that some sucker will pay $15k for at a Calgary retailer. It's ridiculous.

Plenty of those suckers are now selling their rings at http://www.idonowidont.com/ which is an interesting little diamond exchange where you can pick up a gem, and have your band made in town for a FRACTION of the cost to do it at all at some place like Spence.

My $0.02 anyway

03-04-2015, 03:32 PM	#31
Tron_fdc In Your MCP Join Date: Apr 2004 Location: Watching Hot Dog Hans Exp:	One thing I learned the last few years is jewelry is a rip off. Our resident jewelry guy has a good explanation. http://forum.calgarypuck.com/showthread.php?t=139479 Here's a story for those interested: I have a friend with a diamond ring that was purchased for $15 000.00 at a local retailer (long story). It was appraised there for around $20k, making it seem like a great deal when it was purchased a few years back. Ffwd to today, and I'm selling it for her because she can't internet. The same retailer offered me $4k to buy it back, citing some BS about "wholesale value", which is what they said they were giving in the first place when it was purchased. I know they do this, because I purchased my engagement ring from the same retailer, along with a few other pendants, etc. If you're going to buy a ring, do your homework and know what you're buying. You can buy a ring for 5 grand if you do your homework properly that some sucker will pay $15k for at a Calgary retailer. It's ridiculous. Plenty of those suckers are now selling their rings at http://www.idonowidont.com/ which is an interesting little diamond exchange where you can pick up a gem, and have your band made in town for a FRACTION of the cost to do it at all at some place like Spence. My $0.02 anyway Last edited by Tron_fdc; 03-04-2015 at 03:34 PM.