To get an idea of why gemstones differ in price, consider these 3 values: Purchase Value. It stands for the price you pay when you get your jewelry in a store. Appraisal Value. It assesses a jewelry piece based on the setting and the diamond itself. Resale Value. Purchase Value The bitter truth is that the actual market value differs from the purchase value of any jewelry with diamonds. Appraisal Value To assess diamonds, industry professionals give it an appraisal value.
Resale Value When you plan to find a buyer for your jewelry with diamonds, expect a huge difference between the initial cost and the resale price. Diamond Resale Value You will be overwhelmed but the minute you leave the jewelry shop with a perfect diamond piece, it becomes half the price than it was literally 5 minutes ago.
Diamond resale value chart To make things easier, we prepared a diamond resale value chart, where you can compare the difference among different diamonds and their approximate value on resale. While we already know that diamonds have different market values, a decent price for each particular stone is set individually.
Here are these specific factors for you to consider: Diamond 4Cs, Market Value, The exact place you buy and sell. Diamond 4Cs First and foremost, know the basics. When defining the diamond value, consider 4Cs, market value, and the place from where you got the stone Market Value Also, a certified professional can appraise your diamond and state its value on the market.
The Buying and Selling Places When people come to the shop to purchase a delicate piece with diamonds, they do not pay its market value. While you cannot change the way you purchased the stone, you can make a smart choice while selling it.
There exist several options to consider: Cash Sale. Being one of the options, it has minor advantages when it comes to selling your gemstone for cash. Not every jeweler agrees to accept the offer. But if they do, the amount they are ready to pay is ridiculous and will not justify the bargain. Asking for an exchange.
If you choose to exchange your gemstone for another jeweler piece, rather than to sell your diamond, you will get a great resale value. Jewelers usually give you a credit that can be utilized to make another purchase. Not only is the credit higher than the cash equivalent, but it also allows you to make another great deal and get a beautiful piece of jewelry. Direct Sale. Another option is finding a person who will buy directly from you.
They will most often pay more than any jeweler, and save you from the hassle. However, you should be ready to present all the required certificates and appraising documents to prove the resale value. Ready to sell your Diamond? Color range: i. Clarity: i. Color: Color i. Color intensity: Faint - Fancy i. An extremely high-spec diamond will only be of interest to a select few buyers those of bulging wallets and gold-plated mansions and will be harder to sell on.
You should aim instead to buy a high-quality diamond of mass-market appeal - again, this will be more desirable to both trade buyers and private individuals. This is really down to the fact they can always be made, whereas there are only a certain number of natural diamonds on the planet making them much more likely to increase in value over time. And finally, if anyone tries to sell you Chocolate, Champagne or Cognac diamond for a premium These are marketing terms for "So discoloured and brown, that they are worthless".
Find our Loose Diamonds here. If you wish to learn more about our Bespoke services, click here. If you wish to contact us, click here. Not got an account? You can create one on our Create an Account page. Investing in diamonds is a tricky business. So tricky, in fact, that the head honchos at Quality Diamonds have a running disagreement about it. Expecting too much Investing in diamonds is possibly the worst get-rich-quick scheme in the world. Buying the wrong sort of diamond The final hurdle when buying a diamond as an investment - and the one where most buyers fail - is knowing which diamonds are worth investing in.
Find us on Instagram QualityDiamonds. Or in the unfortunate event that a relationship had somehow turned sour , getting rid of items that would revoke past emotions might be at the top of your priority list.
Now, buying a piece of jewelry is easy. You can simply walk into any jewelry store and make a purchase on the spot. The opposite holds true when you are trying to sell it. Diamonds are serious business. The best and easiest way to establish a basic trust is to get it graded by an authoritative gemological lab, like the GIA — Gemological Institute of America.
The grading certificate provided by such institutions usually contains information about the precise weight , cut quality , clarity and color of your stone. Since the grading is performed by a neutral 3rd party, it eliminates any bias opinions from both parties. Also, you might want to consider getting an evaluation performed by a local appraiser too.
Once your diamond is appraised, it is easier for you to understand the worth of the jewelry in the current market conditions. This helps you to propose and analyze deals with a better understanding of value. Some retailers also use this list as a reference to price their goods in retail stores. Since Rap prices are calculated based on current market conditions for a particular type and grade of diamond, the ratio between the Rapaport value and the selling price of your diamond could give you an idea on the efficiency of the deal.
Whether you are selling loose diamonds, diamond jewelry, designer jewelry or luxury watches, WP Diamonds is your one stop shop. Click here to fill up an inquiry form in less than 5 minutes to get a free quote. Besides buying from distributors, some jewelers may also take in used jewelry from individuals directly. You see, these jewelers are businessmen and just like you, they want to get the most out of their deals.
Very often, they will only offer to buy your jewelry at a value below dump price. In my opinion, this is the value you should never go below when trying to sell to a jeweler. In my personal experience, most jewelers tend to start at low prices and slowly move higher as negotiation takes place. Like in any other negotiations, the smart thing to do is never agree to the initial offer. It would require some negotiation skills on your part to settle on a price which works for both parties.
And the truth is, if you sold them your diamond under dump value, they could easily re-sell the stone at dump value overnight. If you are willing to spend some time or like doing DIY deals, you might want to consider sourcing for potential buyers yourself.
In general, there are a handful of ways to selling different possessions, and most of these methods can be applied to gemstones and generic jewelry as well. You might want to make use of well-known forums such as Craigslist or probably contact friends and acquaintances to see if they are interested.
Also, you could also place classified ads in your local papers or try listing the item on eBay. Do take note that your chances of selling and finding a potential buyer will be much lower and more risky since we are talking about a substantially huge amount of money being involved here. Selling diamonds on your own is usually harder than collaborating with a jeweler because of trust issues.
Think about it, would you buy from a stranger from an online listing you found or would you be more open to buying from a store? If you want to save the hassle when selling unwanted jewelry, you may want to consider placing them on a consignment basis with a local jeweler.
This means that a jeweler will place your item within their inventory and attempt to sell off your jewelry on your behalf. If a successful sale happens, the jeweler takes a cut off from the sale. With consignment, how fast the diamond gets sold really depends on 2 factors: how much day to day traffic the store gets and how much demand there is for your specific type of jewelry.
While consigning your jewelry will cost you some service fees, using this method saves you from potential headaches and security risks. The key to success via this route is to find a reliable jeweler to partner with. This is truly a win-win situation for every party involved especially if you have a diamond of decent quality.
If you are looking for an upgrade , you can actually trade in your old jewelry and get a credit towards a new purchase at James Allen.
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