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First in the News

  1. Reuters reports
    • Manufacturers who cut and polish diamonds have found themselves caught between giant mining companies charging high prices for rough stones, and big retail chains that demand gems at low margins to keep sales moving.
    • “Have you ever heard of a 20-year-old standing outside a store all night to buy jewellery?” Ernest Blom, president of the World Federation of Diamond Bourses, asked delegates at an industry conference at a Tel Aviv luxury hotel.
    • No major deposits have been discovered in about two decades. The miners say they are investing heavily to keep supplies coming.

What this means for you! [click to continue…]

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Diamond Reports – Its wrong – Who Cares?

Alright, you’ve heard me rant about this before! If you are buying a diamond don’t become price blind! That is where you become so focused on price that you are willing forget everything about true grading and end up BUYING the PAPER!!

O.K. So this is my second show after JCK Las Vegas and I’ve had some time to think and I’m Cranky!WholesaleDiamonds

Any JEWELER who advertises that they sell WHOLESALE is LYING to you! That is unless of course you are truly buying from a wholesaler (which 99.9% of the time you aren’t) – BTW if you want to find out if they are a wholesaler just contact me and I’ll check for you!

Now reasonably, they might just be saying “Hey, I’ve got lower prices than the other guy.”  So instead of legally stating “Low prices or Deep discounts”  they use this word “Wholesale” Not so legal – Now, what they can legally say is “Wholesale Prices.” That is if they truly had an occasion when their price at retail was at current wholesale levels.  Their margin or markup may be minimal but, when you pay sales tax you are buying from a seller who is reporting your retail purchase on taxes. Otherwise they can be hit with penalties from their state department of revenue. You are an end consumer – you’re a retail customer.

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2 things to think about when buying your diamond – After visiting JCK 2015! Diamond Answer Man S4E2

Podcast: Play in new window | Download Subscribe: iTunes | Android | RSS News First Jewelry and Diamond Sales grew over last year! US buyers still buy more diamonds than any other country. 2/3’s of all online sales are made by Brick and Mortar stores. No new diamond mines – Out of 7000 pipes only […]

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Synthetics! Are they a good buy for an Engagement Ring? Diamond Answer Man S4Ep1

Podcast: Play in new window | Download Subscribe: iTunes | Android | RSS In this episode we revisit synthetic diamonds for the engagement ring purchase along with the reasons why I do this show. If you have ever wondered if I get paid to do this show – this is your episode. Do you have […]

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Synthetics! From This Day Forward – For Better Or Worse? Diamond Answer Man S3Ep3

Podcast: Play in new window | Download Subscribe: iTunes | Android | RSS In this episode I talk about my thoughts on synthetic diamonds as an option for engagement rings.

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Reports! What is the right thing to do? Diamond Answer Man S3Ep2

Podcast: Play in new window | Download Subscribe: iTunes | Android | RSS

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