abcnovels
Chapter 163
Chapter 163
C163 – Deal
Setting prices always follows precedent.
Even when faced with something entirely new to them, they could determine its selling price by assessing its value.
But there had never been diamonds of such exceptional quality on the market, and here there were so many!
Top Grade diamonds were typically auctioned off, circulating among the wealthy elite.
They had never encountered such exquisite diamonds before!
Su Ming was bewildered.
He had a pile of treasures, yet he couldn’t sell them?
“Mr. Su, please, let’s talk this over,” Boss Fong implored, his anxiety causing him to break into a sweat.
If Su Ming walked away, it would be a tremendous loss for him.
The bystanders were astounded.
This was an unprecedented situation for them!
The diamonds were authentic, but they were at a loss for a price due to their extraordinary value.
Boss Fong and the others were deep in discussion.
Minutes passed.
Then, suddenly, the sound of footsteps echoed from the entrance.
An elderly man, dressed in a traditional Zhongshan suit, with snow-white hair and a slight stoop, entered slowly, leaning on a cane.
“Dad!” Boss Fong exclaimed in surprise.
What brought his father here?
Old Master Fong had once worked in this field, but now, well into his eighties, he seldom ventured out.
His reputation in Eastsea City as the former president of the jewelry appraisal industry was unparalleled.
Though retired, he commanded immense respect and no one dared cross him—a venerable figure in the trade.
His decades of experience had honed his eye for quality.
“You’ve acquired a Top Grade treasure and didn’t think to inform me?” Old Master Fong chided, tapping his son with his cane, prompting suppressed chuckles from the onlookers.
Despite Boss Fong’s prominence, he was always cautious around his father.
“Mr. Su, President Chen, this is my father.”
Su Ming and President Chen rose to their feet, showing deference to the elder Fong.
“And you must be Mr. Su?”
“Old Master, others may address me as Mr. Su, but as my elder, please feel free to call me Su,” Su Ming responded with a smile.
Pleased, the old man nodded and declared, “These are fine pieces. We’ll take all of these diamonds.”
From the side, Boss Fong nudged his father, reminding him, “We haven’t agreed on a price yet.”
“How many diamonds are we talking about here?”
“A hundred, exactly.”
“Good.”
The elder approached Su Ming. “Let me offer you a price: two hundred million per diamond, totaling twenty billion. Su, how does that sound to you?”
Su Ming paused, a frown creasing his brow.
This was somewhat off from the figure President Chen had quoted.
President Chen’s expression grew slightly stern.
Old Master Fong chuckled, “You’ve misunderstood; I have no intention of undercutting the price.”
“You should realize that scarcity drives value. These diamonds are exceedingly rare in the market.”
“If only one or two were sold today, someone might be willing to pay four hundred million each. But flooding the market with a hundred diamonds all at once would disrupt the market and drive prices down.”
“I assure you, the price I’m offering is the absolute highest. You won’t find a better offer anywhere else.”
“If you agree to sell these hundred diamonds to me, keep in mind I’ll need to offload them gradually, which will take considerable time.”
Su Ming’s realization dawned. Old Master Fong’s reasoning was sound.
Moreover, Old Master Fong had indicated he wouldn’t immediately liquidate his purchase but would sell them off periodically.
Su Ming could do the same, of course.
But he didn’t have the luxury of time.
Besides, Su Ming wasn’t attached to the diamonds; to him, money was merely a number.
He had plenty more diamonds stashed away in his warehouse.
Old Master Fong’s words did serve as a wake-up call, though.
Su Ming decided he wouldn’t rush to sell his warehouse stock.
He’d hold onto them for a rainy day.
After giving it some thought, Su Ming found the offer acceptable.
President Chen had mentioned it would take twenty billion yuan to acquire that property. The proceeds from the diamond sale would cover it.
Even though demolition would cost extra, he had funds on hand that should suffice.
Su Ming nodded. “It’s a deal!”
Without a trace of hesitation.
Old Master Fong let out a hearty laugh, lifting a diamond to the light.
“The wonders of this world never cease—such exquisite treasures do exist.”
“Send the funds to Mr. Su right away!”
“Got it!”
The individual trailing behind Old Master Fong quickly stepped forward, jotting down Su Ming’s account details. In no time, the transaction was confirmed.
With the deal sealed, Boss Fong let out a deep sigh of relief and slumped to the ground, his exhaustion evident as he disregarded his appearance.
The evaluators were intently examining the diamond they held.
Boss Lee, observing from the sidelines, was green with envy.
He had just been elated over that very diamond, but now it seemed trivial!
“Old Fong, we go way back. How about selling me a diamond? What do you say to 300 million yuan?” inquired Boss Lee.
“I don’t have the authority to decide that—you’ll have to ask my father.”
“I can’t do that; I’ve been scared of your dad since I was a kid!”
“Then it’s out of my hands.”
“Old Fong, my dear friend, please!” he pleaded.
“Don’t you have any pride?”
Boss Lee and Boss Fong were murmuring in hushed tones when the Identification Center’s security team arrived, dozens strong.
And that wasn’t all; they had summoned the police as well.
Two SWAT teams, armed and ready, dozens in number.
The staff began packing the items into boxes. Short on supplies, they borrowed boxes from neighboring stores until they scraped together a hundred, which they then cautiously transported to the vault.