meta_pixel
Tapesearch Logo
Log in
PBS News Hour - Segments

Mexican consumer law helps man snag $28,000 earrings for $28 after Cartier pricing mishap

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 29 April 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

The words Cartier and deal are rarely said in the same breath. But the legendary French jeweler has been forced to extend an enormous discount to a Mexican man after he claimed an error allowed him to buy two pairs of earrings for $28 that were supposed to sell for nearly $28,000. Leyla Hayes of Independent Television News reports. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Transcript

Click on a timestamp to play from that location

0:00.0

The words Cartier and bargain are almost never said in the same breath, but the legendary

0:06.4

French jeweller has been forced to extend an enormous discount to one man after he claimed

0:11.6

an error allowed him to buy two pairs of earrings for just

0:14.9

$28,000 that were supposed to sell for nearly $28,000.

0:19.8

Ellie Pitt of Independent Television News has more.

0:23.0

Designer jewelry doesn't come cheap.

0:29.0

Unless of course you find it online for much lower than it should be. That's what happened to Rogelio Villarreal, who was browsing Cartier's website

0:40.4

when he spotted these diamond encencrusted earrings for 237 Mexican pesos.

0:47.0

That's around 11 British pounds.

0:50.0

He bought two pairs, who wouldn't, before the price was quickly corrected to 237,000 pesos, or just over 11,000 pounds.

1:02.0

According to Rogelio, Cartier then tried to back out of the deal,

1:08.0

but he asked Mexico's Consumer Protection Agency to get involved

1:12.0

and they ruled in his favour.

1:15.0

So how did he do it?

1:17.0

Well Mexican consumer law requires businesses to sell their products at their listed price.

1:24.0

If they don't, customers can file a complaint and send proof that they bought it at that

1:28.7

price but haven't received it.

1:31.9

At this Central London jewlers, they say there's no doubt he got a bargain.

1:37.0

You are paying for the brand name you know like when you walk into somewhere and you leave with a

1:40.8

Cartier ring there's that brand history you're

1:43.4

paying a carier ring there's that brand history you're paying a little bit for prestige

1:44.5

I mean he got very lucky I'd like to see his uh

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from PBS NewsHour, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of PBS NewsHour and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.