Diamond price question

Oh, my gods, a jigsaw puzzle of nothing but black and white squiggles sounds like sheer hell to me.

What’s next, a jigsaw of a clear blue sky?

I and DesertWife have successfully done a puzzle with no pattern at all, just red. Another time one was an astronomic photo of about 20-degrees of ski with just some of the brighter stars labeled and the constellation borders shown. This was at Christmas and a young nephew declared, “That’s impossible!” and we said no, it was only very difficult.

I’ve never done one but there are square puzzles out there with the exact same picture on both sides. The fiends even cut them from both sides so a piece will have two down-cuts and two up-cuts on them.

How could a million dollar prize work? Could a puzzle manufacturer sell enough copies of this game to make that money back?

It worked well enough that they have two million dollar prizes instead of just one in the current edition

It’s not clear from reading the website, but my guess is that there’s no guarantee that they have to give the million dollars to anyone. For one thng, some percentage of customers will never complete the puzzle and therefore never enter.

That’s true but there are two different million dollar puzzles out there. So one or both of them could be like accidentally throwing away a lottery ticket.

Jesus on a pogo stick, @Charlie_Tan now that’s just inhumane.

… make a helluva gag gift or White Elephant entry, though, which I suspect is a large part of their business.

Thanks for the link. One of the stacks of cash is conspicuously held together with masking tape, lol.
Order now for $30 $29.99 and save 0%.

The rules page has some things spelled out:

There are about $4.8 million in prizes for what appears to be 600,000 chances. I think with retailers’ cuts, production costs, free shipping, taxes and overhead, the manufacturer would be very lucky to get half of the maximum puzzle revenue of (600k * $30) $18M to put toward the prize pool and probably far less. Sure, some puzzles won’t be sold and lots of the winners probably won’t be redeemed. Still, I don’t know how they make that work.

Prize (h) has a typo:

Two thousand (2,000) Eighth Place Prizes: $100 in 600,000

I don’t either but the one with a single million dollar prize did well enough that they upped the ante. I think that there were smaller (but still large) ones before that. I tried to search for a new report on the previous winner and all I could find were news reports on the release of the puzzle itself.

That puzzle made me think of the comedian’s line when the movie came out…

“Jeez! Look at all the Dalmatians. there must be a hundred of them!”

You are correct that it’s exponential, but the 1ct benchmark is desired by a certain “class”. A .95ct and a 1ct diamond have less then 2mm difference in size but the .95 will be about 2/3rds the price for equivalent quality. The importance of carat weight on the market is pretty detrimental because in many cases they will sacrifice quality when cutting to stay above the magic numbers. It all seems pretty dumb when you think about it, but in the reality of status symbols it’s “turtles all the way down”.

More than that - for something like that, it was all about prestige. I bought my wife’s engagement ring from Tiffany’s because years from now, it won’t be so much “how many carats?” as “This is from Tiffany’s”. There are times when the brand makes an impact. As we discussed, you can hear songs and movies and all sorts of stuff about the major brand names - Tiffany, Cartier, etc. Nobody ever made a movie “Breakfast at People’s Jewelers”.

Funny story - also bought our wedding rings at Tiffany’s Fifth Avenue store. I was quite preapred to pay the 15% luxury tax coming back into Canada. The customs lady asked what we bought, and we declared the rings. She asked “did you buy anything else?” We told her we bought a couple of souvenir T-shirts, so she wrote it down as clothing imports, no tax. (Must have been a romantic at heart, or else appreciated our honesty).

I wasn’t so lucky. I bought my wife earrings in the Diamond District years ago. I declared them and was required to send our friends in Ottawa their cut of the deal.