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Archive for November, 2010

Christmas Specials

Posted November 17, 2010 By Admin

We’re just starting to get organised for the Christmas rush – we’ve got lots of great new products on offer so please check out our website for all the new items.

We have just put a sale on Gem Display cases – 25% off almost all items in that category so if you’re looking for some stylish gem storage, now is the time to buy.

If you’re a gem cutter and are looking to give gifts of jewellery to friends and family this Christmas, check out our range of Blank Jewellery Settings – 10% off but only until the end of December 2010.

We’ve also just put the 6″ Darkside polishing lap on a Free Freight special so it makes it even better value.

Dont forget our Christmas Giveaway – one brand new Cabking 6V3 to be drawn on 15th December.  Every purchase until 5pm on 15/12/10 is an automatic entry into the draw so good luck!

Stay tuned for more great specials coming up.

cheers for now from Aussie Sapphire

Dollar Parity – Implications

Posted November 3, 2010 By Admin

The big news for Australians is that our dollar has finally reached parity with the US dollar – it reached the magic mark recently and then dropped back again but yesterday’s interest rate rise cause an immediate jump to parity again. I’m not sure that the financial experts know much more than all the rest of us about all this but perhaps the dollar will stay around this level for a little while at least.

So – what does it mean for us? Tempting to think that it is all good news but as with everything, it isnt quite a simple as that:

High AU dollar = many imported goods are cheaper for Australian buyers but exported goods are more expensive to our overseas buyers.

So while many buyers are rejoicing at the lower prices for many consumer goods, Australia’s economy as an exporting nation is going to be under pressure. While some prices may fall, higher interest rates will mean others may rise. I’m sure that most of us would have seen many of our basic costs of living go up this year.

Enough of the theory – what does it mean for our customers?

As a dealer in lapidary equipment, much of our stock is imported from overseas – the recent rise in the AUD has helped and so we have dropped prices over much of our range as a result of lower buy-in prices. We have also negotiated better freight rates to help bring our prices down. A big plus for our customers!

What about buying direct from overseas?

Obviously the high dollar is encouraging some people to bypass local suppliers and go straight to an overseas supplier. Nothing wrong with this approach as long as you are aware of all possible extra costs and risks. We would suggest you follow this simple checklist when comparing local and overseas suppliers:

  • Compare the real exchange rate.  Even though we are at or close to parity, the exchange rate you will get through PayPal or your credit card is likely to be 2½ to 3 cents below the published rate.
  • Add any transaction fees – these vary depending on your payment method.  It is typical for credit cards to impose a 2.5% foreign currency transaction fee.
  • Small value items will enter Australia easily without any fuss – if your item exceeds $1000 AUD in value, you will be required to pay GST and any applicable customs duties and fees.  This can add a significant cost to your item.
  • Account for freight. Air freight is really expensive – sometimes it can be outrageously high.  When importing items from the USA, we usually work on at least 20% freight (if items are quite compact) but if the box is bulky, it can cost 50% or more to send by air.  Get a quote first!!
  • Warranty and returns. In the unfortunate event of something going wrong, it can be very difficult and expensive to get the matter resolved by an overseas supplier.  When buying locally, these issues are far simpler to resolve and in the worst case scenario, you know you are protected by our local fair trading laws.
  • Make sure the item will work.  The main thing to check is power – make sure your item will work well with the Australian power supply and that the correct plug is fitted.  Some suppliers charge extra to fit 220/230V motors – you need to account for this when comparing.

Here at Aussie Sapphire, we’re like most in that the exchange rate is both good and bad.  As farmers, the high dollar makes things more difficult when selling our grain and beef.  As an importer, it is a nice change to be able to offer products at cheaper prices to our customers and we’re doing everything we can to stock up while the dollar stays high.

If you are considering a major purchase, definitely check around for the best deal.  Then contact us as we are confident we can offer you a very competitive price.    Remember, when buying from Aussie Sapphire, you are protected by our customer guarantee – we promise the best service, the best customer protection, the biggest range in stock and very competitive pricing.

cheers for now from Aussie Sapphire