Wednesday, June 3, 2009

According to Goldman Sachs, Harris Interactive, and Nielsen/NetRatings, Christmas online jewelry sales more than doubled, hitting a new record of $1.89 billion, up from $888 million last year. The jewelry sector becomes the highest riser in today’s booming online shipping. If you type “jewelry” or “diamond rings” on Google, a few hundred of jewelry retail websites comes out. To do research online before purchasing is very important.

Three things consumers look for are quality, price and customer service. Good websites always states everything clearly. Blue Nile clearly states out the color, clarity, numbers of diamonds, total diamond weight, setting type, metal, and width in their diamond ring pages. There are websites stating their diamond color is F/H and clarity is VVS/VS. F color, VVS1 clarity stones are very different and much more expensive than H color and VS2 stones. How can consumers be clear with the quality they are getting?

We can see that most websites have good returning policy, and the big ones offer up to 30 days returning policy. This is the most important service for online jewelry stores. Good returning policy shows the website confident with their quality and service. It covers a lot of potential risk of online jewelry shopping. Mondera, Ice and Diamond.com all provide very good customer service. Unless you are very confident and familiar with the jewelry website, purchasing from any one with poor returning policy is risky.

One of the major reasons consumers purchase jewelries online, especially high end diamond pieces, is because of the price. With sufficient amount of research, you truly can purchase some high quality jewelries at 30%-60% off the retail market price. We should first understand these jewelry websites’ business model. Many of the sites are run by previous retail jewelers. They have many years’ experience and connections in the industry. They memo jewelry pieces and diamonds from wholesale vendors in New York or Los Angeles, add a margin and resell them out. Some jewelry sites are run by students fresh out of college. They create great websites, and get their vendors drop shipping directly to their consumers. Because they don’t have to pay high rent in expensive location, they don’t have the same high mark up as local jewelry stores. They highly threaten traditional jewelry stores, and with financial experts’ prediction, 1/3 of the traditional jewelry stores will either disappear or go on line in the next 5 years. Recently, I have found few companies take it to a new step. Like Dell, they manufacture jewelries and sell them directly through their website. Their prices are surprisingly low. http://www.nicerings.com is one of them. For the same high quality diamond jewelry pieces, their prices are almost 1/3 of the retail market price and ½ of other jewelry website’s price. With 30 days return guarantee and Free FedEx overnight, their existence speeds up the existing competitive jewelry industry. It is not surprising if we are going to see more and more jewelry wholesalers and manufacturers coming online in the next few years.

Jewelry educational and price comparison sites are very helpful for online jewelry shoppers. Out of them, http://www.pricescope.com offers a very profound education about diamonds; and you can find very good answers to your jewelry questions in their forums.

Thursday, May 21, 2009

Members of both sexes wear jewelry every day. Jewelry represents many different things to many different people. Jewelry shows that a woman is engaged, it adds flair and luster to weddings, and it celebrates anniversaries. For many people, jewelry is not only something to wear; it is also a monetary investment.
Some people are satisfied to or forced by a budget to purchase mass-produced jewelry. Mass-produce jewelry is more affordable, but it is also less unique.
Other more fortunate people can afford to spend more money on jewelry and can purchase items that were designed by professionals and/or artists.
These professionals are people who have established a reputation in the marketplace for quality product. They are usually recognized by a logo and trademark that are very distinctive.
When you buy from a designer, you know that you are investing in high quality products that are in a class of their own and guaranteed to be worth the money that you pay for.
Buying designer jewelry can also be an investment, because these items usually increase in value over the years. Not that you would want to sell your jewelry, but designer jewelry would probably get your money back, plus some if you were to decide to sell it at a later date.
You will also find that designer jewelry is probably also the item that would become an heirloom within the family. This is usually not the case with mass-produced jewelry.
With designer jewelry, you also get a guarantee of high quality. This guarantee is carried by the trademark of the company that is on every piece of jewelry that they manufacture.
Not only does the trademark signify a guarantee of quality, it also represents the authenticity of the jewelry and the accompanying value.
Designer jewelry also comes with a certificate of all its authenticity. This certificate describes the grades of the gemstones, its present value, and any distinguishing features of the jewelry item.
Not only does this certificate give you the peace of mind that you've purchased and authentic designer jewelry item, it is also required by the insurance companies before they will insure the item.
Designer houses also often give you the option of upgrading your jewelry. For example, if you bought an engagement ring, and after a few years you want to trade it in for another ring, you would normally be able to do that with a reputable designer house.
You might pay more money for designer jewelry, but since it is unique and it maintains its value and even sometimes increases in value, it is worth every penny that you spend on it.