- Joined
- Sep 20, 2008
- Messages
- 25,226
risingsun|1318482945|3039128 said:TL|1318481774|3039117 said:RS,
Please excuse my stupidity, but what is a "stone flipper?" Thanks, just curious.
That is when someone buys low and sells high. You look for a diamond that may not be the best quality and negotiate a low purchase price and turn it around to sell for a higher price. You market it in such a way that someone will take the bait, so to speak.
Thanks RS, so the difference between being a flipper and a reseller is that you lie about the quality of the gem?? I know a lot of vendors, some well respected, that resell ebay stones for at least three times what they paid. I don't fault them for it because it is a business, and ebay is their source. They resell the stones in various places, like DB, their own websites, FB, and ebay of course. However, if they lie extensively about the gem to make it sound much more valuable than it truly is, than that's wrong. I'm not accusing RH of that, but just trying to understand the difference between a stone flipper and an stone reseller.