[Jewelry making - Article 00459] - Re: [Orchid] Wholesale vs. below wholesale

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>            P.S.  The dealer I was speaking about buys their rough from
>     Africa, has it cut in China, and resells it themselves.  They get
>     the profit out of each step in the process, and can thus sell it
>     "below wholesale." 
	

    	Dictionary says: the selling of goods in relatively large
    quantitiies 	and usually at lower prices than at retail;esp., such
    selling to retailers for resale to comsumers. 

    How the profit is derived along the way, and how it is produced does
    not 	determine whether it is wholesale. It is wholesale until it is
    retail, usually understood as the point where it is sold to the
    comsumer and is taxed. I would think that all along the way, in the
    rough or manufactured,until it reached the comsumer, it is "below
    retail". The best example to me is the diamond dealer in your area
    who says he will sells it "below wholesale". What is that supposed to
    mean? He buys in Antwerp, and can sell it "below wholesale". 

    	To me, either it is wholesale, or retail. To me "below wholesale"
    has no meaning. Richard in Denver 


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