Sign of the times
I get these emails from Amazon telling me what their sales are. And I’ve noticed that most of the markdowns are on jewelry. And they’re pretty high markdowns. When the economy is down, people stop buying play-pretties and their worth declines.
February 2nd, 2012 at 9:22 am
I think it’s pretty common in the brick&mortar jewelry biz to have two weeks out of the year where everything is insanely priced and then “legitimately” discount “everything 20%, 40%, 60%, even 80% off of retail”.
February 2nd, 2012 at 9:46 am
I saw an article about how the Baltic Dry Index was down something like 60%. That doesn’t bode well either.
February 2nd, 2012 at 11:38 am
There are two kinds of “jewellery,” and two are all the kinds there are. This class of goods wouldn’t go so far back in history if it didn’t have a reason for existing: in its non-cheapdate form, it is portable, concentrated and relatively defensible personal wealth. Not a ringbearer myself, but diamonds and gold have been known to get you off a hostile continent. There’s play-pretty, and then there is prepper-pretty.
Don’t pay for fashion or design novelty. Buy the rock.
You’re not likely to find stones of investment quality, with metals in trade quantity, on anyone’s discount list.
Sure enough, it’s hard to find markdowns on those cartridge earrings. I have my doubts on how well the Rearden Metal bracelet will hold up in estate auctions, though. Pity.
February 2nd, 2012 at 5:02 pm
@3
How will your electrostatic motor do at auction?