[Jewelry making - Article 00221] - Re: [Orchid] Setting customer stones

[Mark Parkinson]

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    I remember we had a job many years ago for a jeweler (we were a
    wholesale trade shop) that wanted us to set a $100,000 emerald in a
    custom engagement ring that we were to make. They were concerned
    about liability. I told them something that a guy who I considered
    the dean of the diamond business, in our area, had told me years
    before, he said, "Whoever is making the lions share of the profit
    should take the lions share of the risk". We were making a platinum
    ring for them but our profit was microscopic compared to theirs.
    Ultimately we told them that we would make the ring but the stone
    dealer should set the emerald, then they should only buy it if it is
    returned undamaged. The dealer agreed, they set it and it was
    delivered to the client (who broke it within six months). 

Mark
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