Is This Repair Price Super High?

#1
My wife gave her engagement ring to the jewelry store to have it cleaned and looked at for loose prongs, stones, what have you...

They just gave me a quote of needing to have ten prongs retipped at a cost of $1415.

I've had prongs retipped in the past for $10, $20 so this was shocking to me.

Her ring is a very old vintage piece, 1910-1915 or so, Art Deco, 18kt White Gold, Old Mine Cut Diamond, and Two Sapphires in the sides... so i could understand the prong repair being more than a 410 re-tip, but $130 per retipped prong seems ludicrous. I bought this from the same jeweler in January of 2017, it sat in a box for six months, and has only been worn for under a year.

Can anyone with expertise justify this $1415 bill for ten retipped prongs? Am I getting fleeced?

Any idea of what a typical repair price range should cost?
 
#2
I just had a gem set in a used setting and had the prongs retipped for less than $250. They did a great job, too. I am located in Atlanta, I don’t know if prices can vary depending on the area but your quote sounds high.
 
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