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Opinion Matters Forums Home > Forums > What gets on your goat? > Jeweler's Rip Off
 
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sceadugenga
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Registered: 27/02/08
Posts: 35

    16/03/08 at 02:00 PM
  Reply with quote#1

Couples hit by gold spike

http://www.smh.com.au/articles/2008/03/15/1205472165568.html

SOPHIE and Craig D'Hyon spent the equivalent of a house deposit on their dream wedding yesterday: they wanted everything to be perfect, including the bling.

But the couple were shocked to discover they would have to fork out an extra 20per cent for Mr D'Hyon's ring because of soaring gold prices.

They were quoted $1800 for the simple white-gold wedding band, from their jeweller, Cerrone, when they first looked at it in November.

When they returned to the store last month, they were told the ring would cost $2200 - because of the gold price rise.



This is real crap.  Even if the ring was 15gms or 1/2 ounce.. which is a big ring , the actual total pure gold value would still have been around $400 Australian even at today's value of $1000US per ounce.
So the jeweler jacks the price up $400 just to be on the safe side.


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purple71
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Registered: 22/02/08
Posts: 18

    15/04/08 at 07:16 PM
  Reply with quote#2

I find the price of jewelery in Australia to be quite high.  I have just come back from an O/S trip and bought a 18ct charm bracelet for my daughter for $150.00 (AUD) and had it valued here for $375.00 - $400.00 by several jewelers. I think the jewelers here add quite a bit to the price of gold and then they try to justify it with the high cost of gold and the workmanship.

firebird
Registered: 17/10/09
Posts: 2

    17/10/09 at 08:37 AM
  Reply with quote#3

Jeweler's have such a huge make up on their products that it puts Jewelery out of reach of a lot of people, where if they were to bring their prices down a bit they would most likely find more people would buy, and their prophets would go up as they would get more turn over.
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