(Closed) price of gold going up… markups start tomorrow?

posted 7 years ago in Rings
Post # 3
Hostess
18643 posts
Honey Beekeeper
  • Wedding: June 2009

Huh I don’t see why all stores would mark up tomorrow.  They might be overdue for a markup since the price of god has been rising for a while but I don’t know why it would be tomorrow for every store.

Post # 4
Member
2893 posts
Sugar bee

The price of gold is always going up. It’s a constant process.

If you LOVE the ring, buy it. The fact that it’s on sale is a bonus. If you only feel so-so about it and the only reason you’re thinking of jumping on it is because the lady told you prices would be rising soon…well, I’d keep looking. There will always be another ring, another sale. We went looking at rings back in April because the Zales near us was having some “blow out sale.” But they’ve had sales every single month since. If you wouldn’t be too terribly upset if you didn’t get it then I don’t believe it’s the one.

 

Post # 5
Member
14495 posts
Honey Beekeeper
  • Wedding: June 2011

Maybe you can find some answers from calling another store.  That is exactly why I do not care for those types of stores.  We have a local store that they set the prices daily based on daily market price of the stones and metals in the jewelry. 

Post # 6
Member
955 posts
Busy bee
  • Wedding: April 2011

I’m not sure that the prices are changing tomorrow, but I do know that they do change sometimes. We started looking and when we went to purchase rings a couple months later the prices were higher because the price of gold went up. It wasn’t too much but almost a couple hundred bucks. But sometimes it works in your favor too… when I got my ring appriased a couple months after we bought it the price of gold had gone up even more so it was worth more than we had paid 🙂 I wouldn’t buy just cause they are pressuring you, you have to be comfortable with your choice.

Post # 7
Member
2889 posts
Sugar bee

When we were making our ring decision, our jeweler told us the cost increase of gold an platinum mostly effects custom orders or new rings but th prices of the rings he had in the case would not be effected as he already bought them before the price increased. In fact, he went as far as to call a couple of other local jewelers to try and find DH’s ring in the right size in someone’s inventory in order to get a better price before ordering it at market. Ultimately, we found an online shop with his size cheaper than ordereing through our jeweler but the point is, prices on existing stock, particuarly clearence models were not increasing along with the market, only cutom pieces or new orders so if it’s in the caase, you should not be effected unless the shop is trying to take advantage of you. Do not feel presured to buy too soon.

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