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WHY SHOP HERE
St Thomas is one of three U.S. Virgin Islands and is one of the premier resort and cruise ship destinations in the Caribbean. It has long been a travel destination for many Americans as well as those from other countries. In addition to the beautiful resorts, beaches, and restaurants, St. Thomas is known for the value available when buying jewelry. St Thomas is also an award-winning stop for some of the finest duty-free jewelry anywhere.
WHY BUY JEWELRY IN ST. THOMAS
The Department of Tourism in the U.S. Virgin Islands reports that jewelry and other luxury items sell for 15 to 60 percent less than U.S. prices.
Duty-Free Shopping
St. Thomas is part of the U.S. Virgin Islands, which means that it is a duty-free port. This allows travelers to purchase goods such as jewelry exempt from certain taxes and duties, making the prices comparatively lower than in other locations. Imported goods, including jewelry, are not taxed, allowing Palacio Jewelers to offer jewelry at lower prices compared to locations where such taxes are imposed.
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Currency Exchange Rates
Depending on exchange rates at the time of purchase, visitors may find jewelry prices in St. Thomas to be more favorable compared to their home currency, further contributing to the ability to buy jewelry less expensively.
WHY SHOP
PALACIO JEWELERS
Competitive Pricing
St. Thomas is known for its numerous jewelry stores, creating a competitive market environment. With many retailers vying for customers, prices are more competitive, leading to better deals and discounts for shoppers. Palacio Jewelers constantly compares its prices to their competitors to ensure their prices are the lowest available.
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Lower Operating Costs
Operating a business in St. Thomas has lower overhead costs compared to more developed and urban areas. This includes factors such as lower rent, utilities, and labor costs, allowing Palacio Jewelers to pass these cost savings on to customers in the form of lower prices.
PALACIO'S
DIRECT SOURCING
Palacio Jewelers sources their products directly from manufacturers and wholesalers all over the world, cutting out middlemen and reducing costs.
Palacio acquires diamonds, rubies, emeralds, sapphires, tanzanite, and other precious and semi-precious gems directly from the best wholesale gem mines and cutters. High quality diamonds are sourced from India and Israel, rubies from India, sapphires from Thailand and Sri Lanka, tanzanite directly from Tanzania in Africa, emeralds from Columbia and more.
Palacio Jewelers has worked with these suppliers for decades in ongoing relationships that ensure he gets the best raw stones from top mines that are then cut by the most expert gem cutters in the world. This direct sourcing and fabrication results in lower prices for consumers.
Extensive Selection
Palacio Jewelers in St. Thomas is known for its wide selection of jewelry, offering a variety of styles, designs, and gemstones. From rings to bracelets, to necklaces and earrings, to watches and custom jewelry, Palacio has the full gamut. This variety allows customers to find beautiful items that suit their preferences and budget.
Estate Jewelry
Palacio Jewelers has a large group of loyal customers with whom they have worked for decades. Many want to acquire different pieces over time and choose to consign or exchange their older jewelry for new ones. Palacio has a large selection of pre-owned and pre-loved estate items that can be purchased for far less than their original cost.
Expertise and Service
Having been in the jewelry business since 1998, the owner and staff at Palacio Jewelers have decades of knowledge that allow them to assist customers in selecting the right jewelry item for their needs. Whether it's understanding the quality of gemstones or having custom designs made, shoppers benefit from their expert advice and personalized service.