Who in the world really needs a $37,000 diamond necklace? And how much use would one person really get out of such a thing?
A group of 13 women banded together and bought a “time share” of a diamond necklace for about $1,000 each, and they get to wear it for four weeks out of the year and for special occasions.
I read about their story in a recent issue of Reader’s Digest, and I just loved the concept of what they’re doing.
One woman spotted the necklace in a jewelry store and just about fainted when she found out it was $37,000. She returned a short time later to see that it had been discounted by about $15,000. She then had the brilliant idea to round up friends who could “go in” with her on the necklace. They all went to the store together and bargained with the manager to get the price even lower.
He knew that they’d be making no profit with it (perhaps even taking a loss) but he loved their enthusiasm. Even more, he wanted his wife to be a part of their sharing group, because he wanted her to benefit from their obvious camaraderie and good nature.
I’m amazed at how they’ve worked out their arrangement. For that many women to share something, and apparently without conflict–how cool! They’re also sharing the cost of the insurance.
Before this necklace-sharing, no one woman could have afforded the purchase. With a little ingenuity and bargaining, now 13 women can use a beautiful necklace.