Retail Markup of Jewelry is up to 1,000 Percent

Jewelry is one of the top ten marked up retail items, along with brand-name prescription drugs, designer clothing, and cosmetics. Retailers mark up jewelry from 100 to 1,000 percent. Because Suffolk Pawn does not go through the traditional wholesale to retail process, it can offer lower prices for authentic, designer jewelry.

This is good news, considering the average cost of an engagement ring was more than $3,200 in 2011, according to the wedding industry group The Wedding Report. The average cost of a wedding band was nearly $1,200, the group said, and the average total cost of a wedding added up to more than $25,000.

So to save costs on a diamond, do your research. Educate yourself on the four Cs of diamond shopping: cut, color, clarity, and carat (weight). Read more about evaluating diamonds at the Gemological Institute of America:

Not shopping for an engagement ring? Retail jewelry stores place similar high markups on pearls, sapphires, emeralds, and other precious stones and gems. Find the same jewelry for less at Suffolk Pawn. You’ll vow never to shop retail again.

Suffolk is also a great place to find vintage, heirloom, antique, and one-of-a-kind pieces. And Suffolk has a large collection of men’s jewelry.

All pieces at Suffolk Pawn are professionally appraised and priced.

Whether you are shopping for a birthday, wedding, Valentine’s Day, or another celebration, consider buying pre-owned designer jewelry at a fraction of the cost at Suffolk.