10 Products With Big Markups
Depending on the seller, be prepared to pay at least 50% and as much as 200% over the appraised value of a diamond.
There are several reasons jewelry can be so expensive. There are the costs associated with the mining and extraction of the precious metals and gems that are used. There is a transportation overhead to consider and the expertise of craftsmen. The jewelry store, located in a high-rent mall perhaps, has to hire staff and, as they say, "keep the lights on."
When it comes right down to it, though, diamonds and other jewelry cost so much because -- simply put -- they are pretty.An oversimplification perhaps, but the sparkle, prestige and "wow factor" of a little blue Tiffany (TIF) box may push aside a buyer's worry about the price tag.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV