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New Gems In from Around the World.
Choosing and Buying Your Dream Gem
One of the biggest ways jewelry stores make money is buying gems from a wholesale broker and then marking them up double or more.
If the average gem changes hands 9 times before it reaches the, jeweler when is the stone best obtained?
Answer: As close to the mine as possible, before it changes hands more than 3 times.
Each time a hand touches your gem the price goes up. It starts with a miner who discovers the gem. The supervisor of the miner sometimes gets a bonus along with the miner when a gem of value is found. For a very valuable gem the miner gives a small percentage to everyone on the crew which encourages the miners to not smuggle out the stone and sell it on the black market. The other crew members are more apt to turn in a fellow miner if they know they will be losing their bonus for being a member of the discovery team. But, mine workers still smuggle out stones which we do not encourage.
Then comes the “true broker,” who buys the gem(s) from the mine owner. The true broker markets the rough, uncut gem to a “buyer,” who takes a group of “rough,” gems to a cutter for grading/cut and then sells the stone(s) to another “wholesale,” broker as cut gem(s).
Either the stone continues changing hands (which usually happens,)or the buyer having paid for the cutting of the stones sells to yet another broker who markets the stones to either an American broker or a flipper who sells the stone to a jeweler or the general public. Sometimes a stone gets flipped multiple times at this point with the price of the gem soaring ever higher.
The average gem changes hands 9 times before reaching a jeweler or flipper and then you. Each hand it touches causes the price of the gem to rise. The way to get quality gems at true wholesale pricing means having a broker who deals with miners, cutters and a true wholesale broker and keep those extra hands out of the sale. This requires having a wholesale broker willing to sell single stones to an individual and who has connections around the world in or near the mines.
This is how we are able to offer you stones at prices your jeweler would not match even if they could find the rare stones we deal in. Jewelers prefer diamonds, sapphires, emeralds and rubies because these are easier stones to obtain from the large gem brokers and they pay for the privilege of not having to send money to foreign countries, track down rare stones and grab them as quickly as they appear as close to the mine as possible. As an avid collector of gems this is what I do. I always try to stay as close to the mine as possible. The only brokers we deal with are very close to the mine and we are offered these gems first, because we buy a lot and have established relationships world-wide. When we cut out hands, we save you money.
My first fascination with rocks cane from my aunt Sharon who was a geologist for the US government. She would take me all around in search of plowed fields and riverbeds looking for arrowheads and quartz. Then I discovered a meteorite and the fascination in my young mind was unleashed.
I have always collected gems and rocks but when I first saw a blue spinel and Burmese peridot I began to covet these gems. Before the price exploded I managed to make an amazing collection of both. Blue spinel I was originally purchasing at 200.00 a carat and now the price has soared to as high as 2500.00+ per carat and I am so glad I bought when I did. When I add a piece to my collection now I have to really haggle.
I buy these stones from miners and gem agents in Pakistan (Ceylon), Burma, Africa, Australia, Sri Lanka and Thailand. It has taken me years to build the trust and connections I have. No jewelry store in America, I dare say, could compete with me on price should I decide to do so. My collection is large and my gems were purchased very close to the mine and picked up in trade for rare garnet rough I owned. I also have some of the finest and most unusual colored gems but my best material is inn the blue range of sapphires though they are immensely more rare than blue sapphire and the price will continue. Among the most valuable blue spinel are royal blue.
Spinel come in virtually every shade of blue. What I love about blue spinel is that unlike sapphire it is not treated in any way or, “burned,” as they say in Sri Lanka by men at high temperature to make the inferior sapphires turn deep blue and melt out the imperfections. It is no longer an untreated stone when that happens and I was shocked to learn that over 90% of the sapphires we buy in America are heated and/or treated gems. If I wanted an ugly rock made beautiful I would burn one myself. This made spinel all the more beautiful to me since the spinel are discovered while mining for rubies and sapphires generally it also holds true that these beautiful blue gems have been mistaken for sapphires for hundreds of years and even ended up in royal collections identified as such.
When I opened Chateau Peridot it was my desire to allow people to buy their gem wholesale and then assist them in the mounting process at a vastly reduced rate so people who are not super rich can have and enjoy this fantastic gem in engagement rings, fashion jewelry or just to own as a collector. Much of the old rough from the mines is used up. The mines are playing out and many are not even producing. This gem will most likely be out of the price range of all but the very rich soon. Ebay is full of fake spinel so, “let the buyer beware,” but seek out blue spinel while you still can. Hold it, wear it and love it because it is a true natural beauty, and truly ultra rare.
I will accept offers on my blue spinel at http://www.chateauperidot.com Just pull up the one you want and and offer tab should appear as you browse the gem. Transactions are handled securely through Shopify and/or PayPal I will have the gem mounted for you near wholesale cost. No other discounts apply should I accept your offer. It never hurts to try, give it your best shot.
Buying loose gems is a crap shoot. TV gem sellers promote them like used cars jacking the price up and then lowering it to make you think you are getting a good deal, but are you? Why in the world would they claim a gem is 25,000.00 a carat and then magically sell it to you for 1000.00 a carat. Think about it. They even tell you that you are doing a, “good job,” when you buy from them, that is like basic dog training. I have rarely seen good deals off the TV sellers. They have huge expenses for airtime and don’t buy that, “the owner is out of the room so we are going to get in trouble,” you don’t screw your boss or your clients (the people who own the gems they are selling,) and announce it on national TV. That is a marketing ploy like car salesmen use, “Let me talk to the big guy and see what I can do.” I have never found one gem I could buy from someone who bought it on TV they simply paid too much, period. If you want to buy gems from car salesmen feel free but you are going to get what you overpaid for.
We are a small family company, low overhead and we deal direct with the mine owners and yes ruby’s can sell for over a million dollars a carat but we don’t start our ruby at $1,000,000.00 and come down to make you think you are getting a deal. Finding high quality gems is hard work and you have to work fast, have the connections in numerous countries with miners, agents and cutters and wire large amounts of money overseas a risk most jewelers are not willing to take. We are not jewelers.
We are fine gem collectors who buy, sell and trade the best gems we can find at the best prices. We grab them up before the big jewelers know they exist. We can’t even find gems at the large wholesalers that meet our standards. We use the large mounting houses for diamonds only and to mount gems at wholesale. We know most of the people overseas we deal with. While still risky it is controlled risk and by taking that risk we get the lowest pricing and best gems. If anybody takes a hit it is us not you and we deal in volume so even if you located our contacts they would charge you much more. We pay a fraction of what they list stones for. They know us, we know them. We also buy from some of the finest gem cutters in the world and even if you bought from these gem cutters direct you would pay more than we will charge you for the same material. They count on us for volume and continued trade so they do not undersell their wholesale customers.
How does buying my gem first save me money?
There are three ways to save money buying jewelry. By purchasing your gem first at a discounted price you have made a commitment with us. We will then offer you free basic design service and match you up with one of our gem mounting artisans or companies. We make our margin off the gems and a very small margin off mounting. This is completely opposite of most jewelers who make good money by selling you the gem they bought from a larger gem seller who buys in mass and not necessarily cherry pick the best gems. We make only a small margin off of the wholesale price for mounting your gem we do not double or triple the price of the mounting we make about 20-30% on the wholesale cost so in essence you are paying way below retail on the gem and mounting and getting free basic design assistance. Extended design assistance for custom work is usually a flat fee of 150.00 to 400.00 for gold, platinum and diamond accented mountings. For extensive artisan custom design though you still save it can run as high as your dreams (and pocketbook) can take you.
What if I want to have my jeweler mount my gem or just keep the gem as a collector’s item?
No problem, we want you to be happy the gem will still cost the same and we will happily sell loose gems. And if you do not like that loose gem you have twenty calendar days to return it for a full refund, just call us within 48 hours of receipt to let us know you are returning it. We do not refund any postage and insurance. We will give you a store coupon to offset your postage and insurance costs. Again, we want you to be happy. We do not charge a restocking fee.
What about your estate jewelry?
We buy estate jewelry here in Virginia because a lot of wealthy people are growing old here and their estates are sold by children or their estates and we buy for pennies on the dollar. We pass these savings on to you. We can sell jewelry worth over 10,000.00 often for less than half the price. Ask us about any gems and we will happily send any of our jewelry and gems for GIA certification for a fee you must cover. It does cost more but will raise the value of the gem you buy. If the GIA report does not say the item is what we said it was we will give you a full refund and since we ship to GIA from here you have no postage costs unless the gem passes certification. We will never try to mislead you or sell you inferior or fake gems.
Chateau Peridot was named after our French Second Empire home in Virginia, built in 1875. My wife our dogs and I live in the Chateau and do business in an office in Roanoke by appointment only. We sell our gems primarily to jewelers but we recently opened our stock to the public online.
We strive to help our customers save money by using the same formula the jewelry stores use. Purchase the finest main stone you can afford. Have your gem certified if you wish (We will help you get a GIA certification,) and choose your mounting from thousands we have available through the same companies jewelry store use, but for a fraction of the cost. We provide free design assistance and when you have found your ideal mounting be it silver, gold or platinum you may add diamond accents if you wish and we will work with you from beginning to end on your budget.
What does this mean for me how do I save?
First like a jewelry store you are buying your main gem wholesale and we carry much finer gems than most jewelry stores. We never buy our gems (except diamonds,) through the companies that make our mountings. We have found none that can match our quality and price. They do however give us very reasonable costs on the diamonds, platinum and gold you will want to mount your gem in. Since we do not have a large overhead we are able to work on small margins on the mountings giving you close to the cost the average jewelry store pays. In essence you have cut out the middlemen.
Why are you saying your gems are better?
Because we go direct to the mines, mine agents, and gem cutters to buy the finest material they have to offer. They know our standards and when gems come up they know we would be interested in we have bought the gems almost immediately after they are discovered and many times we have bought up all of the finest gems and/or rough before the jewelers even know they exist. Jewelers rarely have time to do this, they would have to hire a team. This is what we do and we risk our money at times in turbulent oversea locations because the most beautiful gems seem to appear in the most dangerous places on earth both geographically and politically. We buy direct from award winning cutters on three continents and are proud to represent the finest cutters in the United States, Europe and Asia. We can buy these gems cheaper than you can buy them direct from the cutter, because we get volume discounts.
How do I save money on design?
We offer all basic design free and if you want something even more special it will cost you 100.00 to 350.00 more. Or if you want a fabulous piece for the red carpet the sky is the limit but you always get discount rates even when working with our top design firms.
How do I save on the mounting?
We do not make our money on the mounting. This is a service we offer. Many jewelers double and even triple their mounting costs. Our charge is 10 to 30% of the total cost of the mounting and that is WHOLESALE COST! Whether you have 300.00 or 50,000.00+ to spend we will respect your budget and old fashioned advice is free. We love to talk to our customers and we are located in the United States and are a small family company
How do I know I am getting a good deal?
Our stones are not treated (a few exceptions exist and they are marked TREATED very prominently. We only carry the treated stones our customers have requested and have less than 20 in stock. Our gems are of the finest quality, cherry-picked by us out of what is available. We buy them before the market drives the prices up and pass that savings on to you in the gem, design and mounting prices. We save you a lot of money! We buy the best color, clarity and cut the miners and cutters offer. Our estate jewelry is below appraisal value. When we finish your piece we will happily have your piece appraised for a reasonable fee and if it is not worth at least 50% more than we charged you then you pay nothing. We will credit back your account 100% and not ship your piece.