[Jewelry making - Article 00024] - Re: [Orchid] Gemstones costing and pricing

[John Donivan]

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    Thanks, Jonathan, we needed another non-answerable question! ;}. The
    Rap sheet wields entirely too much power, as many in the trade are
    realizing now. Basically your cost will likely/hopefully be something
    "Back of Rap" - 20%, 30%, 40%. The real answer to your question for
    both diamonds and color is: don't guess, ask your suppliers. I know
    what diamond melee is going to cost me, so I just price accordingly,
    but centers of all kinds can be wildly variable. If you don't have
    good dealers in place you have no idea what your cost will be. A one
    carat ruby can be $250 or it can easily be $15,000, depending on the
    ruby. I generally get around 40% back for fine goods, but I imagine
    there are some here who think that's unattainable. Don't guess, ask
    your dealers. If you are buying a $10 stone, you'd be in line to
    double or triple your cost, if it has selling power. If you're moving
    a million dollar stone you'll be getting 1% if you're lucky -
    probably 1/2%, and everything in between. I price melee at $1500/ct.,
    sometimes more, and I'm paying around $650 for g/vs. If I'm selling
    1/2 ct. of goods, that means I'm only making $100 or whatever -
    didn't actually do the arithmetic here. If you price like that and
    sell a.20 ct. stone, you're only making moderate money, even if the
    per ct. seems like a lot. It's a start of an answer, hopefully....

http://www.donivanandmaggiora.com
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