Van Cleef & Arpels: Current Worldwide Prices

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#1,636
Alena21 said:
They had decrease in Asia in Niov 2018 too. And yes massive amounts of money are made in times like this. Retailers were exempt from paying rent for the whole of the lockdown periods plus the salaries of the employees were up to 75% percent covered by the local governments in different countries. True that sales were down big time. The price increase is based on pure greed. Sad but true.
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:yes::yes::yes:
 
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#1,637
Alena21 said:
Again : Most luxury jewellery and watch brands trade gold. The biggest profit they make is from volatility i.e the price skyrockets or dips down. They hedge against the price of gold. So they made massive profits in time like this. I mentioned this on the price increase thread. So no the price increase is not driven by the price of gold going up in reality. Even though they want you to think so so you think the price increase is justified. ( VCA sends an assassin for exposing their secret in 3,2,1...) hahaha
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Out of curiosity.. What does ‘trade gold’ mean here?
and how do they hedge against the price of gold increasing?
 
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#1,640
Starvista said:
I purchased an a pair of earrings before the price decrease but I was too busy enjoying my earrings to complain;))
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That’s a great way to approach it. I also think as long as I wear my pieces a lot and enjoy them, then it’s worth every penny even if purchased at a premium (in the case of some of my items *guilty* :giggle: ). Life is short so if it’s loved and cherished and no debt in acquiring them then I consider it money well spent:love:
 
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