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Engagement Ring Prices Getting Squeezed.
Our colleague Ken Gassman of Idexonline.com has just pointed out in an excellent article what many of us in the Industry have been painfully aware of for some time:
Prices of diamond engagement rings, loose diamonds, Gold and Platinum jewelry are being squeezed to the bone and profit margins for Vendors are shrinking.
Ken cites several reasons for this trend:
1. Rising prices on diamonds, Gold, and Platinum.
2. Increased competition by specialty Vendors, discount stores such as Walmart, luxury retailers, and of course, The Internet.
The full article is here: Read it.
Where have my Diamond Profits Gone? Long Time Passing!
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