deposit paid, price raised

everest123

guys,
can anyone help me? i have recently picked an engagement ring out for my girlfriend, i have been paying iy off before i propose. Yesterday (sat) i went back into the Goldsmiths chain to pay some more off when the assisstant told me the price off £999, i paid the deposit on the ring at £899, she said the price of gold goes up so the price of the stock goes up,

am i legally able to pay £899 instead of the extra £100 that i am now looking at?

any advice would be great

thanks

4743hudsonj

Yes (probably)

Basic points for a legal contract are

Offer (you offer to buy)
Acceptance (they accept via deposit)
Consideration (deposit and price paid)
Intention to create legal relations (its a business so yes)

Looking at it simply theres a valid contract at the original price. However this may have been negated if you were made aware to any terms of contract that cover rises in price out of their control (ie fluctuations in gold price). If not then get writing a letter complaining and tell them you intend to write to trading standards (and do it).

If they dont play ball source the same ring if you can and sue for loss of a bargain.

unholyangel

What do you have in writing with them? Anything?

pinkshoes

Can they give you a copy of the T&Cs that you signed when you put the deposit down showing you agreed to this price increase?

When did you put the deposit down?

In the last 6 months, gold prices have risen about 6.9% (from min price to max price), whereas the shop are asking for an 11% increase. In the last 30 days, gold prices have dropped just over 2%...

dreamypuma

Get your money back, and go to real Jewellers.

Goldsmith's jewellery is over price carp, and they wouldn't know Diamond if it hit them in the face.

fthl

they might be able to, it depends on the term of the sale. If there was a valid contract (which will be determined on the facts and the paperwork) then they probably can't. But it sounds strange that you are paying money against something you haven't got, if so then the goods might not be ascertained and therefore there is no contract, you are effectively just buying gift certificates.