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Originally Posted by
Crane's 
I guess it depends on who you know whether or not you can get something done.
Right.... Actually, that's probably true. If you walk in there with the Hope Diamond, they'll probably work with you on that. But given that none of the Tiffany stores (except HQ in NYC) do any work beyond polishing on-site (they all send everything back to NYC for work), they are remarkably consistent in their policies.
Quote:
Originally Posted by
Crane's 
Again the shoe comparison does not work. All the value is in the stone (raw material) and not the handwork or lack thereof as in a shoe. These high end stores charge full retail and then some for materials along with premium labor rates for the work. Yeah are there people who drink the kool aid and don't care? Yep. Is it smart money or does it apply to most diamond buyers? Nope.
I think we can both agree that what Lobb (and Tiffany) are primarily charging for is brand image, not quality. Similar quality can be achieved elsewhere at lower cost.
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Originally Posted by
Crane's 
Just for snicks do you really think you can take a Tiffany ring to any other store or diamond buyer and get what you paid for or better yet a profit? Not in a million years. You'll most likely get an offer based on rap prices for the day. When it comes to diamonds I and many others couldn't care less where you bought it from. What matters is the 4 Cs and make. That's what determines it's value. Attention to these details is more important to a woman than what name is on the blue box.
And do you really think that you paid actual "wholesale" for a diamond? Certainly lower markup, but anytime you buy a diamond, you're not going to be able to re-sell it at a profit. I agree that when it comes to diamonds, as a commodity, the 4Cs are the rule. Unfortunately, engagement rings are not a commodity (much as we might like them to be). It's true (and quite rational, IMHO) that you may not care where you bought it from. But your fiancee might. And it's really what SHE cares about that matters here. If it's meaningless to her and her friends (i.e. she gets no value from having a particular brand), then it's stupid to pay for it.
Quote:
Originally Posted by
Crane's 
I guess this all depends on the woman though. LOL. To some, all that matters is the box and what's inside doesn't matter at all. It could be a CZ engagement ring and they would be happy as can be.
Absolutely. Ultimately, if your fiancee isn't thrilled with whatever you put on her finger, you've got a problem. But some ladies put value in the brand name and brand experience, and it's important to not discount that.