How are diamond rings/jewelry sold? Do you negotiate a price or make an offer based on their asking price?
bostredsox33 asked:
I’m looking to buy an engagement ring, but I’m not sure how jewelry is typically sold… Am I sucker if I go in and pay the price on the tag???
I’m looking to buy an engagement ring, but I’m not sure how jewelry is typically sold… Am I sucker if I go in and pay the price on the tag???
April 15th, 2008 at 3:55 pm
Try to negotiate… most places are willing to work with you. Ask them things like - what can you do for me on this ring… let them come up with something other than the price on the tag. That will tell you really quickly if they are willing to negotiate with you or not. Good luck!
April 18th, 2008 at 5:57 pm
You are a sucker if you go in and pay the price on the tag. lol
I didnt pay the tag price on any of my jewelry.
My wedding set with a small diamond in it was $1400. I got it for $700.
I also replaced the center diamond with a 1/2 carat different shape. that diamond was $1300 and I got it for $900. so yah there’s a bit of negotiating to be done. But make sure you shop around first. check out all the stores around you. compare prices and quality of the stones.
Good luck.
p.s. If you ever go the bahamas…… NEVER EVER pay the price on the tag. You can go in there look at a $700 piece of jewelry and say, its not worth that much. They will ask what you think its worth. tell them $100, they’ll say uhm.. no, then tell them nope, and turn around, they will give it to you for $100 guaranteed. lol
April 19th, 2008 at 2:28 am
this isn’t like buying a car, you can’t haggle for it. Find a good jewelry store.
BTW
YANKEES BLOW GOAT CHUNKS
April 21st, 2008 at 9:48 pm
Go to a Jeweler… not a mall store and they can work with you to achieve a price. Malls and Stores will not reduce prices. Jeweler’s can give you the best bang for your buck.
April 22nd, 2008 at 9:46 am
Yes, you can haggle. Jewelry is marked up like crazy. I am pretty sure most jewelers make commission. Even the ones in the mall will haggle with you–I have done it myself, and have seen it done frequently with mall jewelers (I knew a couple). You should do some research into diamond quality before you go in, so you know exactly what kind of stone you are getting, and can better judge its worth.
Congrats on the pending engagement!
April 22nd, 2008 at 7:34 pm
This is a good question for a young person and it depends on the store. But, yes, most stores will dicker with the sticker. Offer at least 20% less than the sticker and ask the person if this is the best they can do on the price.
April 23rd, 2008 at 2:15 am
My fiance` and I went ring shopping together because he really didn’t know what I liked, but everyplace we went, they were willing to offer discounts, even on the sale price! Most places will offer a nice little discount if you pay in full or with cash. No financing! If you have to finance it, you can’t afford it. Size doesn’t matter and the ring should cost only as much as you make in two months. Also, know the four ‘c’s : cut, color, clarity, and carat. It’s not like buying a car, but you can haggle a little bit. But then again, ultimately you get what you pay for.
April 25th, 2008 at 7:36 pm
always try to negotiate. its not true that they can give it for $100 but sometimes it can be lowered. there is a target price for everything in the store. but some things are not allowed to be discounted at all. and some stores are not allowed to discount at all. just show that you are interested in the ring, AND BE NICE, if you are rude about getting the price down or say you will walk out, trust me the salesman isnt going to care if you buy it or not and they are MUCH less likely to discount it. tell them that you really want to buy from their company because you trust it, then they will want to help you so you will continue to buy from them. usually you can always get the price down unless its already being discounted. if its on sale then dont expect to have it lowered any more because they cant do this. take your time with the salesperson and be kind, really kindness can mean the difference between hundreds or thousands of $, depends on how much the peice is. the retail price is usually the starting price for negotiations, but like i said if its on sale, thats that. once you have found a peice tell them that your price range was below that, tell them how much. if its too low for them to sale it at, meet in the middle, thats a really good way. dont act like you know everything about jewelry, even if you do, let them tell you. this will form a small bond and they will most likely give you a bigger discount. i sell jewelry for a living and have almost finished my degree in psychology, so that really helps me help others better. just remember that not all salespeople are good ones, their are a few that will rip you off, but most of us are good people and we want to help you out as much as possible. good luck!
April 29th, 2008 at 7:33 am
The markup on jewelery can be huge. I once bought stuff at a large department store discounted over 60% after all the sales. For a large item like an engagement ring you are better off not guessing what they can discount it, but doing some research online. You need to know the Cut, Color, Clarity, and Carat you are looking for. Cut is more than shape, it is also quality of the cut.
At, you can pick a setting and a diamond. I am not saying buy here, but use it to get an idea what things should cost. Many people want to see what they are buying first, but I believe while they might not have the best prices, their prices are good.
From online
========== Prices ==========
Rating: This means that prices on 20 randomly chosen diamonds averaged within 5% of the best prices we found on the largest online diamond price databases.