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.
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Reference
- Wealth, War and Wisdom.John Wiley & Sons, 2008
Article info
Publication history
Published online: August 09, 2019
Received:
May 31,
2019
Identification
Copyright
© 2019 Elsevier Inc. All rights reserved.
