Need help: am I being ripped off?

[mcb00]

Hello,

I need some advice about an item I won on a bid at the Jewelry Room. It is silver + platinum bracelet with over 1 carat in diamonds. My bid and the price I have to pay is $340. I'm wondering if the price is fair and whether I would be able to resell it to a jeweler or even on Ebay for at least the same price.

Any help is appreciated and any insights on the vendor (jewelryroom.com) too.

Here's a link with pics and specifications for the item: http://www.jewelryroom.com/product.php?aid=40091

Thank you so much in advance for your time and kindness, and for educating us consumers on the very complex topic of understanding the value of gems. I've read a lot on it and still can't figure out what the right price or re-sell price of an item would be...

PS: I posted this in the diamond hangout thread and then realized it might fit better here.

 

[vondercrane]

hello, you basically got what you paid for. The diamonds appear to be a low quality and the platinum is probably minimal. If you put it on Ebay, you should be able to get your money back. But right now with the economy crashing selling on ebay is very very tough in the jewelry area.Be happy with your purchase or use it as a nice gift.