Tuesday, March 2, 2010

--Tiffany Price Increase...--

I just got word that Tiffany US has raised their prices 8%...

This pretty much removes the idea of possible cross border ring shopping. With the recent CAD-USD conversion rate and the lower sales tax in the US, it made sense to make the drive across.

I was able to get the prices in both CAD and USD from Tiffany and in general, the Canadian stores have a markup of about 15-20%. Factor in US sales taxes, roughly 6-8%, the conversation rate, roughly 5-7%, you're still looking at saving quite a bit. The only question remains how you can bring it across the border. I do not endorse not declaring the ring, but that is where you'll see the most savings. Factoring in Ontario taxes of 13%, you're looking at saving about $500-700 at the end of the day.

I have heard success as well as horrid stories of cross border shopping. It's up to the individual of making that decision and how it may be the carried out. Please know the consequences before making your final decision.

1 comment:

  1. Keep this in thoughts when anytime you fixed foot in Tiffany's - a big chunk of what you're having to pay is to the identify itself.tiffany replica

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