Tiffany Diamond Ring

xsy77
xsy77 Posts: 34 Forumite
Eighth Anniversary 10 Posts Combo Breaker
edited 16 November 2017 at 8:36AM in I wanna buy it or do it
Hi guys,

Looking for some advice.

I am in need of buying a diamond ring and have settled on one from Tiffany after much deliberation.

My query is that if I buy retail, there seems little option of any form of discount etc. However I noticed that Tiffany have 2x shops in Heathrow Airport and so wondered if there was a potential VAT saving...

I called the store and they confirmed that the ring is in stock. So 1st hurdle beaten! 2nd hurdle, how do I get to the store and avoid paying the VAT.

I have no knowledge of Heathrow or the law in this regard.

Questions:

The stores are located in Terminal 3 & Terminal 5. Can I just book a domestic flight, turn up and saunter in, purchase and drive home without boarding the plane?

Or do I have to fly outside of the UK, or even the EU in order to do this.

I need to purchase the ring in the next week or two so any quick advice would be greatly appreciated.

Many thanks,
xsy

Comments

  • sarah1972
    sarah1972 Posts: 19,384 Senior Ambassador
    Part of the Furniture 10,000 Posts Homepage Hero Photogenic
    xsy77 wrote: »
    Hi guys,

    Looking for some advice.

    I am in need of buying a diamond ring and have settled on one from Tiffany after much deliberation.

    My query is that if I buy retail, there seems little option of any form of discount etc. However I noticed that Tiffany have 2x shops in Heathrow Airport and so wondered if there was a potential VAT saving...

    I called the store and they confirmed that the ring is in stock. So 1st hurdle beaten! 2nd hurdle, how do I get to the store and avoid paying the VAT.

    I have no knowledge of Heathrow or the law in this regard.

    Questions:

    The stores are located in Terminal 3 & Terminal 5. Can I just book a domestic flight, turn up and saunter in, purchase and drive home without boarding the plane?

    Or do I have to fly outside of the UK, or even the EU in order to do this.

    I need to purchase the ring in the next week or two so any quick advice would be greatly appreciated.

    Many thanks,
    xsy

    If you book a domestic flight you will have to pay the VAT. Its only if you are going outside the EU.

    Anyone travelling outside the 28 countries of the European Union (EU). Travellers within the EU or the UK have to pay existing rates of duty and VAT.
    Info here:http://www.bbc.co.uk/news/business-33881005
    I’m a Senior Forum Ambassador and I support the Forum Team on Competitions Time, Shopping & Freebies boards, Employment, Jobseeking & Training boards If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • xsy77
    xsy77 Posts: 34 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    Ok that seems to be a dead end then. Is there any other way I could save some cash on this diamond ring??
  • Brighty
    Brighty Posts: 755 Forumite
    Why tiffany? Paying over the odds for a name, who cares what 'brand' a ring is. Surely you could get a better quality stone elsewhere for much less
  • Pun
    Pun Posts: 740 Forumite
    I've been Money Tipped!
    You wear a ring, not its brand - so don't waste your money buying from Tiffany just because you think the name has cachet. All it does is bump up the price.
  • I agree with other posters on here that you will be paying for a brand name. Save yourself the hassle of flights etc and have a look in goldsmiths and ernest jones etc. They usually have good reductions in the run up to the festive season. You will save yourself the stress and at least a thousand pounds. Goldsmiths have a lot of the tiffany style solitaires.
  • Brighty
    Brighty Posts: 755 Forumite
    edited 16 November 2017 at 3:31PM
    Bath_cube wrote: »
    I agree with other posters on here that you will be paying for a brand name. Save yourself the hassle of flights etc and have a look in goldsmiths and ernest jones etc. They usually have good reductions in the run up to the festive season. You will save yourself the stress and at least a thousand pounds. Goldsmiths have a lot of the tiffany style solitaires.

    Or save even more and/or get a better quality diamond by using one of the online specialists.
    I wouldn't touch the high street stores, overpriced for rubbish quality un-certified diamonds
    I used and was very happy with diamondgeezer.com, there's also bluenile.com and others
  • Brighty wrote: »
    Why tiffany? Paying over the odds for a name, who cares what 'brand' a ring is. Surely you could get a better quality stone elsewhere for much less
    I’m guessing you took your valentine dates on a meal at McDonalds and then demanded that they only order from the Saver Menu.

    I’d definitely go for Tiffany coz it’s not just about money hey!
  • Brighty
    Brighty Posts: 755 Forumite
    I’m guessing you took your valentine dates on a meal at McDonalds and then demanded that they only order from the Saver Menu.

    I’d definitely go for Tiffany coz it’s not just about money hey!

    So you took yours to bob's burgers, paid twice as much but got the same awful cardboard food?

    It's not just about the money, no, but when you can get the exact same quality diamond elsewhere for less, why pay over the odds for a name on a ring. Or alternatively, pay the same as a tiffany, but get a bigger rock.
  • Brighty wrote: »
    So you took yours to bob's burgers, paid twice as much but got the same awful cardboard food?

    It's not just about the money, no, but when you can get the exact same quality diamond elsewhere for less, why pay over the odds for a name on a ring. Or alternatively, pay the same as a tiffany, but get a bigger rock.

    A person that knows the cost of everything and the value of nothing.... well done!

    For the record it was La Tour D’Argent in Paris.
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