Sriman Bharatji,
Namaste!!! You mentioned about rich jewelers, and the fact is usually that their
stock and
over head is tied up in funding which means they have huge debts. In reality the
banks
own everything. Even a Benz car usually belongs to the finance company until
paid off.
Just like the normal world the jewelry world dealers are mostly middle class.
Few jewelers
are rich men. The miners are like lower class and work hardest and get the
least. The
wholesale dealers have low overhead, low markup, and depend on sales volume. The
retail
dealers have higher gross profit, but lower net profit because of overheads.
The standard taught in GIA is called "Keystone" and that means double. That is
usually
minimum required to maintain a business. Like with most business, it takes money
to
make money, so after all the banks own most of it.
For a person to ask for wholesale price when only buying ONE item is not
correct.
Wholesale price is based on large volume turnover, like 1000 pieces, but not ONE
piece.
That is retail. And retail has higher overheads to maintain business.
Best rgds,
Richard
--- In sacred-objects (AT) yahoogroups (DOT) com, "Bharat Hindu Astrology"
<hinduastrology@...>
wrote:
>
> Namaskaar Sri Richard and Sri Mary
>
> I am just wondering how do people dealing in Gemstones get to be soooo rich?
> I know of one Gemstone dealer in Chandni Chowk owning two Mercedes. He does
> not have a big client list.
>
> With my background in Finance and Costing, there must be a huge margin
> between the miner's cost and the retail price in a fancy store. My estimate
> is that it is close 100 times. Gemstones have arbitary pricing and move
> mostly on who is willing to pay and how much.
>
> It could be a good idea to look at wholesale prices.
>
> Thanks and Regards
> Bharat
>
>
>
>
> On 3/9/06, Mary < siga2lind@...> wrote:
> >
> > Dear Richard,
> >
> > thank you, as always, for your kind explanation. I'm such a "virgin"
> > in the world of gems that your advice is really worth its weight in
> > gold (or rubies, loupe clean 
))!
> >
> > Kindest regards
> > Mary
> >
> >
> > --- In sacred-objects (AT) yahoogroups (DOT) com, "Richard Shaw-Brown II"
> >
> > <rsbj66@> wrote:
> > >
> > > Dear Mary,
> > >
> > > Apart from blind dumb luck, we normally get what we pay for. Take a
> > one carat ruby for
> > > example. If it is 100%-85% free of flaws when viewed with a 10x
> > loupe then it is a
> > > desirable gem, clarity wise. Still, it probably is heat enhanced.
> > And then there's the
> > > question of color, pink, red, or dark. A top quality one carat
> > ruby will cost over $1,000
> > > per carat up to $7,000 per carat.
> > >
> > > So all these cheap prices you see on eBay are for "junk".
> > >
> > > Best rgds,
> > > Richard
> > >
> > > --- In sacred-objects (AT) yahoogroups (DOT) com, "Mary" <siga2lind@> wrote:
> > > >
> > > > Dear Richard and fellow Members,
> > > >
> > > > I just happened to look at gemstones (such as sapphires, rubies,
> > etc)
> > > > on ebay (my very first time) and I'M SOOOO CONFUSED!!!
> > > > Such low prices, so many stones to pick from! I could hardly keep
> > > > myself from plunging right in and "shop-shop-shopping - till I
> > drop" !
> > > > Is it really possible that the stones are for real?
> > > >
> > > > Mary
> > > >
> > > > PS. Thank you, Richard, for your explanation on setting Gomati
> > shell in
> > > > gold! It's much appreciated - I have always wondered how those
> > things
> > > > are made. Thank you again!
> > > >
> > >
> >
> >
> >
> >
> >
> >
> >
> >
> >
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