Is a Diamond Engagement Ring Selling Online For $1,599 Really Worth $4,999?
Every week, I get an email update from my favorite online retailer of computer and electronic goodies. The HTML message is loaded with pictures of all kinds of gadgets being offered at very good prices. Now these are items that are mass-produced in far away lands, using cutting edge technology, and made in ultra modern production facilities. About 2 weeks ago, I was surprised to see that now they are also offering jewelry… I shouldn’t have been so surprised because 3 days earlier my gas company included an advertising flier for jewelry in with the monthly statement. The online retailer was offering a 1Ct. diamond solitaire engagement ring for an amazing discount. According to them, the ring should normally be sold for $4,999 but now you can get it from them for $1,599. WOW, that is truly amazing! What a savings! How can they do that? I understand that when many consumer items are first introduced, the price is high but it will drop over time…. in 1987, my first Mac cost 3 times mor
