How can a platinum .70 carat ring cost $3800 and then when you go to sell it jewelers only want to offer you $700?

How can a platinum .70 carat ring cost $3800 and then when you go to sell it jewelers only want to offer you $700 Asked by SML1 43 months ago Similar Questions: platinum 70 carat ring cost $3800 sell jewelers offer $700 Recent Questions About: platinum 70 carat ring cost $3800 sell jewelers offer $700 Lifestyle > Jewelry.

Similar Questions: platinum 70 carat ring cost $3800 sell jewelers offer $700 Recent Questions About: platinum 70 carat ring cost $3800 sell jewelers offer $700.

Because the jewelry business is a scam. They take something that is not all that rare and PR it into being rare. The mark up is huge.

If you want to sell it, do so on e-bay with a reserve price high enough to get what you want. The ring you're talking about should only have cost about 1800, depending on the cut, clarity, etc of the main stone.

1 Jewelry has crazy markups/margins. Unless you know a jeweler really well you are almost always payiing 2-5x the wholesale value.

Jewelry has crazy markups/margins. Unless you know a jeweler really well you are almost always payiing 2-5x the wholesale value.

2 Easy! Called markup...profit...feed the expenses...ectect...OPERATING A PROFITABLE BUSINESS COMES TO MIND!Blessings...........AnnleeLook at a new car.........drive it off the lot...wham...thousands now gone...poof! Same concept!

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Easy! Called markup...profit...feed the expenses...ectect...OPERATING A PROFITABLE BUSINESS COMES TO MIND!Blessings...........AnnleeLook at a new car.........drive it off the lot...wham...thousands now gone...poof! Same concept!

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