JEWELRY DECONSTRUCTED AT LIVINGSTON JEWELERS
Spreading the passion for Gems, Jewelry and everything Jewelry related
“Can you tell me what this is worth?”
My standard answer is “It is worth what you paid for it. If you want a professional appraisal I charge $60 an hour, minimum two hours to evaluate and determine the value.”
“But I don’t want an appraisal, I only want you to tell me what it is worth.”
When I was in college taking an “Economics 101” class, I remember having this one point hammered over and over again: “The law of supply and demand states that a low supply and high demand for any product or service will typically increase its price”. That brings me to the title of this post. “Buying Scarcity”. After some basic info, I will tie it into the jewelry trade.
Now I have nothing against selling jewelry. I did it for many years. I just do not want to mislead others into thinking that they cannot adequately clean their own jewelry, and I do not like using gimmicks to get you back into a store to sell you something.