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Can you haggle?


Ray2297
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I read on a site that when buying an engagement ring you can haggle over the price like you would when buying a car. Is this true?

 

It makes sense considering that the significant cash outlay is similar to buying a car - but can you really go back & forth with the salespeople, be it at a fine jewelry store or some other source of the stones/rings? Has anyone done this?

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It really depends on how lean of margin they are working on to begin with. Some places have quite a bit of mark up and haggle. The thing is, how do you know if you haggled enough or not. If they are willing to haggle you just might not still be getting the best price.

 

You should learn about how diamonds are graded first, and how they are cut and learn as much as you can before trying to haggle someone. Do your comparison shopping first. Make sure to *look* at as many diamonds as you can and look for ones with a GIA lab report. Compare them under magnification, look at them in different lighting etc.

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Definitely do your homework and get as much information as possible. Work from a solid knowledge base.

 

Quality products and brands with a well-documented pedigree are usually resistant to haggling.

 

Keep in mind that you usually get what you pay for...and if the price sounds too good to be true, it is.

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Haggling is overrated. If you want to get a good deal, follow two simple rules:

 

1. educate yourself - from sites like this one.

 

2. find a reputable diamond seller you trust - ask your friends and also look at sites like this one for vendors who consistently give sound advice to buyers.

 

The rest will take care of itself...

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