[Jewelry making - Article 00308] - Re: [Orchid] Amazon sells loose diamonds

[diamondeddy2]

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    Not only is Amazon going into the loose diamond biz, but yesterday I
    read an article in a new trade mag (either Jewelers Circular
    Keystone or Modern Jeweler) that Sam's Club (membership division of
    Walmart) is making forrays into the high end jewelry business after
    having already sold a piece of diamond jewelry in excess of
    $200,000, and are now in negotiations to transact a single diamond
    jewelry item in the range of $330,000. Until now, they have mostly
    stayed in the realm of lowend to mid range  mass produced grade
    goods. It seems the big guys eventually muscle in on every category
    that seems to bear any kind of respectable profit margin. So if we
    all run and hide everytime a new big kid shows up on whatever
    playground we play , then intime, only the big kids will own the
    toys. The key is to continually position/ reposition yourself to
    find the big guys' weaknesses, since no one single player can do all
    markets well, and especially all the time. 

Ed in Kokomo 

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