I am looking at Baileys and have found the ring I want. I have been shopping it for a little over two months and the ring still hasn't sold yet.

How much (%) should I expect to be able to negotiate off of the price?

9/13/2011 10:26:48 PM

WHAT ARE YOU THINKING!!!!!!!!

9/13/2011 10:27:49 PM

a good amount i'd assume. The worst they can say is no. Research the markup on engagement rings, and make an offer that would still allow for a good take in on their side, so they would consider it.

9/13/2011 10:28:45 PM

I am thinking somewhere in the 15-20% range. However, I don't know what a normal time in inventory is for an engagement ring. If two months is a long time then I will go for blood. If not, then I am probably gonna stay around that range.

9/13/2011 10:30:08 PM

Okay seriously...


Mark up is at least 50% probably 75%

You should probably drop the bomb at 40% off the asking price.

They should counter offer with a price around 10%-20% off the asking price.

You meet half way and accept the price directly half way in the middle.


Expect to get 20% to 25% off.

9/13/2011 10:31:21 PM

ask them for 30%

they say no, then give you 20%

also, why bailey's? diamonds direct ftw

[Edited on September 13, 2011 at 10:33 PM. Reason : specs on the ring? i can get you the current rap sheet price if you want to really negotiate]

9/13/2011 10:31:29 PM

Did you see a specific jeweler's name beside it? (Or brand, whatever)

Chances are it could be a ring they designed themselves... so I'm not sure how good of a chance you would have knocking them down. Maybe more likely if it was their own design?

[Edited on September 13, 2011 at 10:31 PM. Reason : ^ uhh no, Bailey's FTMFW]

9/13/2011 10:31:33 PM

Quote :

"The worst they can say is no"

9/13/2011 10:31:58 PM

^^^^I really want you to be right. Do you have any kind of experience with this or are you guessing?

either is fine, just would like to know how much weight to put behind your comment

[Edited on September 13, 2011 at 10:32 PM. Reason : jeez]

9/13/2011 10:32:17 PM

25% seems like an awful lot to knock off an engagement ring

9/13/2011 10:33:52 PM

I'm a professional jew. I know my shit.


If they accept your 40% off offer... you should turn and walk away and not buy it.

9/13/2011 10:33:56 PM

it was made elsewhere but definitely a one of a kind ring "made for that particular stone"

don't know how much BS is in that sales pitch

9/13/2011 10:35:18 PM

What kind of stone?

9/13/2011 10:35:56 PM

elongated cushion cut

9/13/2011 10:36:28 PM

Haggling is an art. Some people got it, some people don't.


Just like a car salesman. Some people got it, some people don't.

9/13/2011 10:37:14 PM

I wouldn't imagine it to be BS then.. that's not a particularly common cut, right?

9/13/2011 10:37:37 PM

i do NOT have that art

9/13/2011 10:37:47 PM

definitely not a common cut.

I am an awesome negotiator too. Just don't know what is normal in the engagement ring market.

9/13/2011 10:39:25 PM

If you are in Raleigh go to Reliable Loan and ask for Alan Horowitz. He will hook you up. I have heard rumors that he does some of the supplying of stones for Bailey's anyways.

9/13/2011 10:39:37 PM

why does that need to be a rumor

just ask him or ask Bailey's if he supplies some of their stones

9/13/2011 10:40:37 PM

Quote :

"I am an awesome negotiator too."

If that's the case, you should be able to talk your way into a free upgraded case for the ring as well as get 30% off the sticker price

9/13/2011 10:41:22 PM

so, no former jewelry salespeople in here?

9/13/2011 10:41:37 PM

I just heard it so =rumor. Never gave a shit to ask him.

Long story short he is a good dude, prices will be better, and he will make you a real personal piece.

9/13/2011 10:42:11 PM

i dont even know what upgraded case means, but i don't see 30% being out of the ballpark

9/13/2011 10:44:17 PM

upgraded carrying case just means a fancy enclosure to present the ring in.

9/13/2011 10:46:17 PM

FTR, if it really is a one of a kind setting but it's by someone else and they're not willing to negotiate, you could try asking them to replicate that design or make something similar (or even better) at more of the price you would like to pay


[Edited on September 13, 2011 at 10:47 PM. Reason : I think Bailey's has the same type of box for every ring]

9/13/2011 10:46:23 PM

well i have a friend in the jewelry business and he said that his "guy" could probably make the same ring for about 20% less.

however, a "guy" isn't as trustworthy as a name like Bailey's and also, I like all the perks (including 12 months 0%) that come with buying from a store. plus, you know it wouldn't be the same.

9/13/2011 10:48:15 PM

What I'm trying to tell you is Bailey's has their own ring designer in house

[Edited on September 13, 2011 at 10:50 PM. Reason : now I can't tell if you were talking to me]

9/13/2011 10:50:16 PM

what they told me is that someone outside of the Baileys company made the ring.

i dont think that affects the negotiating range though

9/13/2011 10:52:59 PM

you can still narrow their mark up

9/13/2011 10:57:26 PM

ok Tdub, i came to you for information i didn't already know hoping that someone had some previous experience with negotiating engagement rings or selling them.

however, at this point i am left in the same position I came in with.

Thank you for your conversation and if someone has more information i would really like to hear it before next week.

9/13/2011 11:00:36 PM

i went to diamonds direct first to just look and get an idea. their staff made me feel like i had to put a deposit on the particular ring i liked that day because it was such a "great deal." i felt extremely rushed when i went there. i then went to baileys and found the same ring/ same stone and got a price. it was a couple hundred dollars more than diamonds direct and i let them know and they said they would match it. they were very easy going and i felt comfortable the entire time.

DD emailed me the same day still pushing me to come buy. i responded that i didn't like the way i felt rushed and the store manager (the guy that does the commercials) personally called me and offered it to me for $1500 less to win my business. (that was on an $8k ring) i ended up going with baileys and showed them the final offer that DD made. they came down a few hundred more dollars but have absolutely gone out of their way to make all the other purchases there very enjoyable.

so with all that said, i guess ~20% less may be a solid offer. the best way to get them down is make them compete. I like local business and good customer service and I am willing to pay extra for that.

did this help???

[Edited on September 13, 2011 at 11:05 PM. Reason : ^]

9/13/2011 11:03:02 PM

if you can't afford it, don't buy it

9/13/2011 11:04:52 PM

hmm

[Edited on September 13, 2011 at 11:06 PM. Reason : .]

9/13/2011 11:05:19 PM

^^ I stimulated the economy with my first time homebuyers tax credit lol

9/13/2011 11:06:13 PM

I would buy a $100 engagement ring and spend the $1900 that I saved to buy a bigger and better wedding ring.


If she breaks up with you over the $100 engagement ring, you know she's into you for your money and not for you as a person.

Especially when I've seen what girls do with the $2000 rings after you break up. They pawn them for $59.

[Edited on September 13, 2011 at 11:16 PM. Reason : .]

9/13/2011 11:15:57 PM

ew no I'd have that ring re-set...no pawn shop for this gal

9/13/2011 11:17:37 PM

9/13/2011 11:18:44 PM

Quote :

"what they told me is that someone outside of the Baileys company made the ring. i dont think that affects the negotiating range though"

I know that.. I'm trying to tell you if they don't want to negotiate with that particular ring you should ask their ring designer to make something very similar for a price you can afford

9/13/2011 11:42:32 PM

I was a jewelry retailer for about a year and a half.

15% was our maximum allowance with discounting without special tags on certain pieces.

Only way it was lower was if we were having a sale on that item and it appeared in our flyer / catalog at a lower price.

9/14/2011 12:58:53 AM

Instead of buying a ring for x amount of money, send yourself on a real nice vacation. Also, instead of getting married let me kick you in the nuts as hard as I can, the pain is the same

9/14/2011 2:46:59 AM

BEAVERCHEESE = MARRIEDWITHCHILDRENWRITER?!?!?!!?

9/14/2011 2:50:04 AM

god DAMN i'm jealous. i'd love to haggle something that expensive.

9/14/2011 2:51:12 AM

I ended up getting my engagement ring from kingofjewelry.com

AMAZING ring, and I paid 30-35% lower than anyone else could do (and close to 50% lower than any store could go). They were fucking awesome service-wise too. The guy running the place bent over backwards for me multiple times to make sure I got the ring on time and to the right place

The only downside was that they offer no financing, you gotta have the $$$ or the credit line to pay in full. But it was absolutely worth every penny.

9/14/2011 3:02:32 AM

I only got 7% off the engagement ring I purchased

9/14/2011 7:41:53 AM

i didn't negotiate for my wife's ring, but that's because i had a diamond to trade in and my own diamond to set in the ring itself...reed's gave me the best money for the diamond by quite a bit, so i was happy enough

probably should have negotiated some, i guess

9/14/2011 7:51:14 AM

Engagement ring = 3 years salary

9/14/2011 7:58:30 AM

lol no...



seriously go to Jewlsmith in durham if you're local.

they can order about any ring you'd want and if they can't order it they can make it in house.

I got my wife's ring there and when we got it appraised it was appraised at about

9/14/2011 8:07:08 AM

...wait for it

9/14/2011 8:25:48 AM

[buffering]

9/14/2011 8:33:43 AM