Advertisement

“Buying Jewelry: Gold and Diamonds”

      With all jewelry, there are 4 components to the cost at retail (1) the material, (2) the workmanship/fabrications costs, (3) the retailer's profit, and (4) sales tax. The very low-end engagement ring is your local jeweler's bread and butter. A ring that cost them $500 at wholesale is usually marked up about 200% to $1,500. The more expensive the diamond, the smaller the markup. (A) There are fewer buyers, (B) they are more sophisticated, and (C) the merchant needs to make only one sale to realize a profit of $5,000 or more.
      To read this article in full you will need to make a payment

      Purchase one-time access:

      Academic & Personal: 24 hour online accessCorporate R&D Professionals: 24 hour online access
      One-time access price info
      • For academic or personal research use, select 'Academic and Personal'
      • For corporate R&D use, select 'Corporate R&D Professionals'

      Subscribe:

      Subscribe to American Journal of Cardiology
      Already a print subscriber? Claim online access
      Already an online subscriber? Sign in
      Institutional Access: Sign in to ScienceDirect

      Reference

        • Biggs B
        Wealth, War and Wisdom.
        John Wiley & Sons, 2008