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| “As you know...” |
With the higher price of metals more customers are price conscious, but many jewelers have found Custom Designing to be still strong. Labor hasn’t really increased much but the gold and platinum used to make the ring, WOW!
Across the country jewelers are still repairing and making new jewelry but you might have found your closing ratio dropping because of metal prices.
There is a fix but you shouldn’t fret as much about custom as it has a terrific return on investment. So let’s examine the true profitability of custom and then a strategy to increase our closing ratio while keep making money without a huge discount.
I’m going to make a “David assumption”. The average sale from the showcase, without bridal is about $200-$350. With bridal added in some stores have an average sale of $850 to $1200 but let’s use another “David assumption.”
Read the entire article Here...
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| INDUSTRY NEWS |
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| POLYGON INDUSTRY REPORT |
| In today's global market, business intelligence is vital to your company's success. These reports are just what you need to give you a strong feel for the market. |
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| FEATURED MEMBER |
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| R. Rothem Diamonds Ltd |
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Founded in 1942, R. Rothem Diamonds is a 3rd generation diamond and fine jewelry manufacturer. We specialize in manufacturing fine loose diamonds and selling direct to our customers thus cutting out the “middle man”. This allows us to provide our customers with high quality Russian Cut diamonds and exceptional service—both during and after the sale--at manufacture prices.
At R. Rothem Diamonds we manufacture all of our diamonds and then ship it directly to you—completely cutting out the diamond wholesalers and passing on those savings directly to you!
All of our diamonds are polished in Russia from the best Rough diamonds. Our Russian cut diamonds are the most demandable stones with the best fire and sparkle available in the market.
We never sacrifice quality or world-class craftsmanship. In fact, all of our diamonds are in stock and certified with GIA, EGL, IGI, AGS or HRD.
Whether you need help before, during, or after the sale, our 24/7 Customer Support team are here to personally help you—24 hours a day, 365 days a year!
Every single diamond manufactured and sold at the R. Rothem Diamonds is guaranteed to be 100% Conflict Free.
Whether you are looking for the perfect diamond, the R. Rothem Diamonds is here to provide you with complete peace of mind during every step of the buying process.
www.rothem-diamonds.com
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| LIVE FROM POLYGON |
| Brillianteering |
The Gemological Institute of America will change the placement of
“brillianteering” comments on its Diamond Grading Report and Diamond Dossier
for round brilliant diamonds beginning on July 1, 2006.
Previously, when a diamond’s cut grade was influenced by “painting” or
“digging out” the GIA placed a notation in the report’s comments section
which read “Cut grade is based on the brillianteering of the half facets.”
Beginning July 1 a similar diamond will have a statement notated under the
proportions diagram, rather than the comments section, which reads “Cut grade
affected by brillianteering.”
Brillianteering occurs after cross-working, when the star, upper and lower
girdle facets are polished onto a diamond in its final stages of production.
When a diamond is significantly “painted” or “dug out” it may influence the
face-up appearance of the diamond.
GIA will provide a free re-issue service for three months to update any
reports that have the original brillianteering comment.
Read More
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