Why is Selby's price so low? Official explanation of how reused jewelry prices are determined [Behind the scenes of pricing]
selby price
why so muchcheap?
How to determine the price of reused jewelry
Official complete explanation [Behind the scenes of pricing]
"Why is Selby's price so low?" "Why are the prices different for the same product?" - We will provide answers to these questions.Annual auction purchase of 1 billion yenSelby, who does this, provides a complete official explanation. The price of reused jewelry is not “appropriate”;7 market factorshas been scientifically determined.
Furthermore, existing in the industryDishonest price display techniquesI will also tell you how to tell the difference.
This article was supervised by
Selby EC/SNS/Ruth/Head of Production Department. Supervises a wide range of fields including branded jewelry, rare stones, production, loose items, and antique departments. Playing the core of Komehei's only jewelry specialty company, it is a leader in the industry."Lethal Weapon"It is affectionately called.
01 Conclusion: Selby's price is scientifically determined by "seven market factors"
First, I will tell you the conclusion. Pricing for reused jewelry is not based on ``hunch'' or ``feel.''
🔑 Three conclusions of this article
- Reuse jewelry price is7 market factorsscientific process to determine
- Same product with different pricesThe fate of market price fluctuationsand is not "appropriate"
- Selby price is for new 1/2〜1/5 is the standard line
💎 7 factors for determining the price of reused jewelry
SELBY PRICING METHODOLOGY
gold/platinum
Daily market price linkage
Diamond 4C etc.
GIA standard evaluation
Cartier Tiffany etc.
Rarity evaluation
Scratches/age/
Condition after new finish
Annual scale of 1 billion yen
Auction purchasing
size trends
seasonal factors
Depends on number of days in stock
Gradual price adjustment
These seven elements are calculated one by one by our expert staff. At SelbyFounded 25 years ago, over 150,000 online transactions aloneBy accumulating data, the weighting of each element is optimized with high precision.
See our products in action and see the basis for our prices
💎 View products on official online store *Details of material, grade, and condition are listed on each product page.02 Why do some people feel that the price is appropriate?
We will officially answer your honest questions.
Voices sent to Yahoo! Chiebukuro
💬 actual questions
We have received quite a few comments like, ``Even though it was the same product, it was much better than the previous grade, but it was a bargain.'' ``The prices vary, so maybe they are pricing it arbitrarily?''
✅ Selby official answer
In conclusion, this isA market where reused jewelry moves based on the “market price” system, rather than “the price is appropriate”That's why. It is the same market principle as stocks and real estate that the price of a ring with the same model number will change if the purchase price, material market price, and inventory period are different.
Differences in price logic between new market and reuse market
| Comparison items | new jewelry | Reuse jewelry |
|---|---|---|
| price system | List price system (manufacturer's suggested retail price) | Market price system (linked to market price) |
| price stability | High (hard to lose value) | Fluctuations (changes depending on market price and demand) |
| Price difference for the same product | No basics | Varies depending on purchase time and condition |
| Price basis | Brand strategy/cost ratio | Scientific calculation of 7 elements |
| transparency | Many are private | Full disclosure in this article |
Three reasons why the pricing seems appropriate
Not aware of market fluctuations
Gold prices can fluctuate by more than ±20% in a year. The cost of the same product varies depending on the time of purchase.
I can't see the difference in arrival lots.
Even if the model number is the same, there will be a difference in acquisition cost if the purchasing route and lot are different. This is an industry-wide structure.
Effect of inventory period
Since the price is adjusted in stages according to the number of days in stock, the price of the same product will change depending on the sales timing.
In other words,``Different prices for the same product'' is proof that pricing is done scientifically.That's it. On the other hand, if the price is the same every time you look at it, it may be said to be a "appropriate" price that ignores the market price.
03 Seven factors that determine the price of reused jewelry [core explanation]
We will explain the seven elements that support Selby's pricing, along with actual numerical examples.
Element ① Material value ── linked to daily market prices of gold and platinum
The prices of precious metals, which form the basis of jewelry, fluctuate daily on the international commodity market. At Selby, major precious metal companiesdaily retail priceWe update the material value every day based on .
📈 Image of gold market trends (domestic retail price)
*Illustrated diagram showing how the cost of materials for the same product changes due to market fluctuations.
For example, if a K18 (18-karat gold) ring weighs 15 grams, the gold price will fluctuate by just 1,000 yen per gram.15,000 yen difference in material value aloneis born. This is one of the biggest reasons why the same product has different prices.
Element ② Gem grade ── Diamond 4C and GIA standards
Diamond values are determined by GIA (Gemological Institute of America)4CRecognized internationally by All diamonds are inspected one by one.
| 4C elements | Evaluation criteria | Impact on price |
|---|---|---|
| Carat | Weight ── Measured in 0.01ct units | ★★★★★ |
| Color | 23 levels from D (colorless) to Z (light yellow) | ★★★★☆ |
| Clarity | 11 levels from FL to I3 | ★★★☆☆ |
| Cut | 5 levels from Excellent to Poor | ★★★★☆ |
As an example,Even with a 1ct diamond, the market price changes by 40-50% just by changing the color from D to H.I will. Because it is reused, the accuracy of the 4C evaluation determines the validity of the price.
Element ③ Brand premium ── Residual value rate by brand
Branded jewelry has a "premium" quality based on its design, brand story, and rarity. Even in the reuse market, the residual value rate (ratio of reuse price to new list price) varies greatly depending on the brand.
Some Van Cleef & Arpels and Cartier collections have been sold due to high demand.High residual value rate of 60-75% of new list pricemaintain. On the other hand, non-brand products are evaluated based on only the material value + jewelry value, so the residual value rate is low.
Element ④ Product condition ── Condition rank and new finish
| condition rank | Approximate condition | Impact on price |
|---|---|---|
| S rank | Brand new with official brand finish | 95-100% of standard price |
| A rank | Finished like new | 85-95% of standard price |
| B rank | There is a reason With sesame and low eyes etc. |
70-85% of standard price |
| C rank |
There are noticeable scratches and discoloration |
50-70% of standard price |
At Selby,New finishing process in the workshopBy applying this process, we maximize the condition of our products before delivering them to our customers. Although the cost of finishing is included in the price, it is still a significant savings compared to new products.
Element ⑤ Purchase price ── Annual economy of scale of 1 billion yen
In addition to the Komehei Group's purchasing network, SelbyPurchases worth 1 billion yen annually through auctions between domestic and overseas vendorscarried out. We are able to lower the acquisition price per item by taking advantage of economies of scale through bulk purchasing.
Element 6: Market demand -- size, trends, seasonal factors
Even if the ring has the same design,Popular sizes (10-13) are in high demand and have high prices.is set to . On the other hand, demand for extremely small and large sizes is limited, so there are cases where you can purchase them at a bargain price.
Additionally, demand increases before Christmas and Valentine's Day, and tends to be relatively calm in the summer.It's easy to find bargains in the off-seasonIt's timing.
Element ⑦ Inventory period ── Rules for gradual price adjustment
Inventory rotation is important for reused jewelry. At Selby, we are reviewing prices in stages according to the number of days in stock.
Arrival ~ 30 days: Initial price
Start selling at a reasonable price based on market price and 7 factors
First review
Recalculate prices to reflect market fluctuations and demand data
Second review
Strategic price adjustments to optimize inventory turns
Marginal price reduction product
Offered at great prices that match the fiscal year-end and sale plans.
With this mechanism,"Why is it cheaper than the last time I saw it?" "It was expensive last time."This will result in price fluctuations. This is the result of inventory optimization and is by no means a matter of "appropriate pricing."
*Depending on the item, there is also one price without any price reduction.
04 Three valid reasons why the prices are different even though they are the same product
We will answer the most common customer questions with specific examples.
🔄 Mechanism of different prices for the same product
PRICE VARIATION FLOW
If the purchase is different by one year
The cost itself is different
gold price in 1 year
±20% fluctuation possible
During the fiscal year-end/seasonal sale
strategic price adjustment
Reason 1: Difference in purchase price due to arrival time
Even with the same Cartier love ring,The purchase cost is significantly different between individuals purchased in 2023 and 2025.. The winning bid price in the auction market fluctuates every time depending on the market price, supply and demand, and the timing of listing, so it is inevitable that there will be differences in the acquisition cost even for the same product.
Reason 2: Daily fluctuations in precious metal prices
The domestic retail price of gold has increased significantly in recent years. In reused jewelry, where material value is an important component of price,If the market price changes by 10%, the selling price will change accordingly.. This is the same principle as real estate price fluctuations.
Reason 3: Staged discounts based on inventory strategy
In addition to the inventory period adjustment mentioned above,Sale plans during the fiscal year-end (March and September) and bonus periodWe will implement strategic price adjustments. To the customer, it may seem like the same product is cheaper, but this is a rational decision based on business operations.
05 The truth about the price structure where you can buy it for 1/2 to 1/5 of a new product.
The price of new jewelry includes a large amount of costs other than the jewelry's "intrinsic value."
| price components | new jewelry | Reuse (Selby) |
|---|---|---|
| Material cost (gold/platinum) | ◯ Including | ◯ Included based on market price |
| jewelry cost | ◯ Including | ◯ Included in appraisal |
| Brand design premium | ◎ Several times more | △ Reduced by second-hand evaluation |
| Distribution margin (wholesale → agent → retail) | ◎ Addition in multiple layers | ◯ Auction direct purchase |
| Advertising expenses | ◎ Huge investment | △ Minimize |
| Store operating expenses | ◎ Prime location in Ginza/Omotesando | ◯ Efficient operation centered on Okachimachi |
| Total cost multiplier | criteria = 10 | 2~5 (1/2~1/5 of new) |
Of the price of new jewelry, the “intrinsic value” of the materials and gemstones isOnly about 30%. The remaining 70% is brand premium, distribution margin, advertising expenses, and store expenses. Selby structurally compresses this "70%", soWe can provide jewelry with the same material and same gemstone at 1/2 to 1/5 of the new price.It is.
1/2 to 1/5 of a new item---Genuine jewelry at a reasonable price.
✨ Find genuine jewelry at great prices *All items have been inspected and finished as new.06 ⚠ Beware of stores like this - 4 patterns of dishonest price display
In the reused jewelry market, there are methods to confuse consumers by displaying prices. Selby, who purchases 1 billion yen a year and knows the inside of the industry, can tell you about four patterns you should be aware of.
Pattern 1: Make an impossible price reduction
通常価格 100万円 → 本日限り 10万円(90%OFF!)メーカー希望小売価格 50万円 → 特価 8万円
“1 million yen → 100,000 yen” “90% OFF today only”When you see a display like this, the first thing you should check is not the discount rate;Was it really sold at that "original price"?It is.
Since there are many second-hand items and one-of-a-kind items for which the list price is not clear, it is technically possible to set a price that is rarely sold as the "regular price" and make it appear as a large discount.
⚠ Risks under the Act on Premiums and Representations
- Double price display itself is not illegal.
- butRegular price without realityOr, display that compares high prices that have remained for a short period of time,Misrepresentation under the Premiums and Representations ActThere is a risk that
- The Consumer Affairs Agency has also shown that comparing and contrasting prices that will rarely be sold in the future or prices that will only be sold for a short period of time can be problematic.
✅ Selby's response
- All prices are calculation results based on 7 factors, and no fictitious "regular prices" are set.
- In case of price reduction, it is a realistic price revision due to inventory period adjustment or market fluctuation.
Pattern 2: Every day there is a “closing sale” for “today only”
“Until 23:59 today” “Just now” “Closing of business” “Clearing inventory”However, the store continues to be open the next day and the next week -- do you have any idea?
This is more than the price itself.Sales design that does not make people rush into comparison and considerationis the problem. Jewelry ranges from tens of thousands of yen to several million yen, and is a product that requires careful checking of the stone, metal, brand, condition, and identification. If it's a really good item,The value will not change even if the buyer thinks about it overnight.
⚠ Be careful if you have these characteristics
- It will still be sold at the same price even after the sale ends
- Only the coupon expiration date is updated daily.
- “1 item left” remains for weeks
- You won't know the price unless you register on LINE, DM, or watch live.
✅ Selby's response
- The sale period will be clearly limited, and after the sale ends, the price will return to normal.
- Sales prices are always displayed on all product pages.
- The display of the number of items in stock is linked to the actual inventory, and we do not display false "○ points remaining".
Pattern 3: “Reference price” and “Manufacturer’s suggested retail price” are ambiguous
Especially when it comes to second-hand jewelry, you should be careful.Price display with ambiguous comparison targetsIt is.
参考価格 300万円メーカー価格 200万円相当市場価格 150万円百貨店なら100万円以上
Even with these indications,what are you comparing it to?If you don't know if the specifications are the same or who set the price, you can't prove that it's cheap.
New and used, non-brand and branded products, with and without identification, natural stone and treated stone.There is no point in comparing them side by side.. The Consumer Affairs Agency has also indicated that displaying the prices of different products as comparative prices may constitute a misrepresentation.
| Check items | ⚠ dishonest display | ✅ sincere display |
|---|---|---|
| Clarification of comparison target | "If it's a department store" (which department store?) | Specify specific brand price |
| Is it the same specification? | Comparing new and used products side by side | Specify same model number and same grade |
| price setter | “Market price” (whose price is it?) | GIA standards/Auction results |
| Conditions for appraisal/differentiation | The appraisal status of the comparison target is unknown. | Specify whether or not there is a certificate of authenticity/differentiation. |
✅ Selby's response
- When comparing prices, use the regular price of the same brand, same model number, and similar grade as the standard.
- We never set fictitious manufacturer's suggested retail prices for non-brand products.
- We conduct appraisals on all gemstones according to GIA standards and disclose information in a comparable manner.
Pattern 4: Do not provide product information until you hear the price
"DM for price" "Live limited price" "Only for those who commented" "Please contact us"Stores that are open are also subject to caution.
Of course, for high-value items, individual negotiations may be necessary. However, if the product page does not have even the minimum information, it is not the market price.Possibility of changing prices based on each customer's ability to payThere is.
Before asking whether it's cheap or not, stores that cannot be compared are at a disadvantage for buyers.
For jewelry, at least the following information should be disclosed:
✅ Selby's response
- Sales price (tax included), material, quality, stone details, condition rank, and appraisal information are published on all product pages.
- We do not set DM-only prices or different prices for each customer.
- You can access the same information from Rakuten, the official store, and physical stores.
| Check point of view | ⚠ Stores to watch out for | ✅ trusted store |
|---|---|---|
| discount display | Significant OFF from baseless original price | Revision from actual price |
| Sale period | “Today only” continues every day | Limited sale period, regular price after sale ends |
| Reference price | Comparison with vague or different products | Specified based on the regular price of the same specifications |
| Information disclosure | DM only / Live only / Inquiry required | All information is always available on the product page |
| Stock display | “One item left” continues for weeks. | Real-time display linked to actual inventory |
| Postponement of purchase decision | Design to make you feel anxious (countdown, etc.) | Establish a return guarantee period to encourage calm judgment. |
07 Five reasons why Selby's price is "appropriate"
We will prove with objective facts that "cheap doesn't mean suspicious."
Annual auction purchase of 1 billion yen
We are well-versed in market prices due to our overwhelming purchasing scale. We are optimizing the acquisition cost per item.
Highly accurate inspection by jewelry specialist staff
All products are appraised one by one in multiple sections. There is a proof of quality.
More than 92% of 1,047 reviews on Rakuten alone are highly rated
Third-party reviews by actual buyers prove the balance between price and quality.
25 years of continuous business performance
It is impossible for the market to survive for 25 years with inappropriate pricing. This is proof that has passed through market selection.
90% purchase guarantee for past purchases (for a limited time)
Buying back products at 90% of the company's selling price---this shows absolute confidence in the appropriateness of the company's prices.
💡 Komehei's only jewelry specialty company
- As a jewelry specialist company of Komehei GroupJewelry expertise is our greatest weapon
- Number of purchasing/selling storesIndustry top classscale of
- Not comprehensive reusespecialized in jewelryAppraisal accuracy and price accuracy due to
08 A smart guide to buying reused jewelry
We have put together six checkpoints to help you purchase reused jewelry with confidence.
Check whether there is a certificate of identification or appraisal.
Does it come with a certificate from a third party organization (GIA, Central Gem Research Institute, etc.)? This is objective proof of quality.
Whether or not new finishing processing is performed
Are finishing treatments such as re-polishing and re-plating performed? This is directly linked to the product condition and future durability.
Return guarantee period
Is there a return guarantee of one week or more? It is important to have the peace of mind of being able to confirm the actual product before making a decision.
Is there a repair guarantee/after-sales service?
Is there any repair support after purchase? A warranty period of one year or more is ideal.
Years of operation/transaction history
Does it have a continuous track record of 10 years or more? Long-term survival is evidence that it is recognized by the market.
Existence of physical stores
Do you have a physical store in Ginza, Okachimachi, etc.? Having the guarantee of corporate status and the option of physical verification is a source of peace of mind.
Find jewelry that passes all six checkpoints
💎 Choose products wisely *All items come with a certificate of authenticity, are brand new, and have a return guarantee.09 10 Frequently Asked Questions (FAQ)
However, we are sorry to inform you that Selby Okachimachi Main Store's marginally discounted items are not eligible, as they have already been reduced in price as shown (as they are sold at almost cost price).
Summary: Selby's price is determined by "science"
📝 Key points of this article
- The price of reused jewelry is7 market factorsdetermined by a scientific process based on
- “Different prices for the same product” is the fate of the current price market.Evidence of fair price
- The reason for the 1/2 to 1/5 of the new product isStructural compression of brand premiums, distribution margins, and advertising expenses
- There are dishonest price displays in the industry.4 patterns: "Impossible discount", "Eternal closing sale", "vague reference price", "Price not disclosed"be careful of
- Selby has been in business for 22 years and has over 220,000 transactions.90% purchase guaranteeproves value for money
It's not that it's suspicious because it's cheap, but that there is a structure that can make it cheap.
And what's really suspicious are stores that can't explain the basis for their low prices.
💎 For those of you who know the secret behind the price
Please take a look at our authentic jewelry that has been scientifically priced based on 7 factors.
View products on official online store🏬 Check the actual product at a physical store in Ginza/Okachimachi (reservation required)
📋 Free appraisal value consultation (for those considering purchasing)