Friday, February 13, 2009

Market Price

P and I were shopping around for our wedding bands recently. We both agreed that 2 simple platinum bands would suffice, nothing fancy. I originally had my heart set on a Tiffany one with a dip, so it looks as if it would hold my solitaire diamond engagement ring nicely. We already checked out all the prices last year and finally wanted to make the purchase this Jan. Well, to our surprise, because of the exchange rate or the inflation of gold, the retail price for the same bands we originally wanted went up 40%!!!! When we went to visit about 2 weeks ago, the service agent told us the price would go up again within 5 days.

As a result, we turned to the well-known Blue Nile online retailer, who apparently are 2nd in ring sales behind Tiffany internationally. Anyway, for 2 simple platinum wedding bands (with no dip of course...but totally ok...), the total price for both together was 40% cheaper than my original ONE ring. It actually took us a few weeks of Blue Nile research, inquiries on my extra small finger size, prices, etc. before we made the final purchase. What was interesting was that the quoted price kept getting cheaper as the weeks went by because of exchange rates apparently. Anyway, we are prefectly happy with the price and do not find the need to wait longer for it to go even cheaper.

In the end though, I find it ironic that a wedding band's priceless symbolism of eternal commitment would be treated like seafood with an ever-fluctuating market value.

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