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Re: [Orchid] Bench jewellers working for the trade  
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From: Daniel Spirer
Date: Sat Nov 11 05:23:47 2006
 
     
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>     A $60,000 diamond in a pretty simple setting is still a pretty
>     simple job. 

    Yes, but the risks are much higher with a stone with that value.
    What happens if you break the stone? Or if it's stolen while in your
    possession? All of these factors have an effect on how much you need
    to charge as well. Actually some insurance policies won't cover
    something like that if it isn't your usual type of merchandise
    without special riders (which cost more money), plus even if they do
    it increases the average amount of value you carry at any time,
    thereby increasing your insurance costs. There are always more hidden
    costs associated with working with jewelry than just simply how much
    time and materials you put into the job.

Daniel R. Spirer, G.G.
Daniel R. Spirer Jewelers, LLC
1780 Massachusetts Ave.
Cambridge, MA 02140
617-234-4392
www.spirerjewelers.com
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