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Reines Jewelers: Peter Reines

Frey, Sherwood C. ...

Case

Reines Jewelers: Peter Reines

Frey, Sherwood C. Jr.; Bacon, Paul

QA-0689 | Published July 25, 2006 | 7 pages Case

Collection: Darden School of Business

Product Details

Jeweler Peter Reines was intrigued by the diamond ring that had been dropped off by Ashley Gibson for his inspection. The center diamond was certainly more than three carats, the cut was old European, and the setting was exquisite. A friend with an impressive collection of antique jewelry, who came by the store, offered $30,000 for the ring. That offer translated into a maximum price to Gibson of $27,500 if she were interested in selling it.

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