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[Orchid] Consignment Vs. Memo  
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From: David
Date: Mon Sep 29 19:22:20 2003
 
     
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    As a new subscriber I have been reading, with great interest, the
    threads on the business aspects of the Jewelry trade. Things like
    consignments versus outright sales, dealing with dealers,  and
    getting the jeweler's perspective on gem buying etc. are all  well
    worth reading about. As a long time collector and now faceter, I
    have incorporated as a Gem Dealer and am trying to make the
    transition into the trade.I have been lurking for a while getting
    the feel of things and learning from the pros of the trade. I am
    obtaining books mentioned for additional reading material and would
    also appreciate any further information / book recommendations. Also
    any more opinions on the merits of consignments v. sales and how the
    jeweler feels about it. My first experience with selling a stone (a
    1.15 ct. Russian Demantoid) on 10 day memo was kind of scary. At
    first I was told to hold onto the check for a few days, then child
    support upset his account. It all worked out fine and I got the
    check cashed but I hope the gem trade isn't always this interesting.
    What does a jeweler want from his/her gem supplier (besides the
    right stone at the right price). How does the jeweler feel about
    consignments v sales v 10 day memo?  I hope this isn't too rambling
    and I hope to continue to glean useful information about the gem
    trade. Any help and information will be greatly appreciated. David
    Zaayer david AT gemcrystals.com 


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