Where To Buy Second Hand Diamonds
On our secondhand marketplace, buyers can purchase recycled pieces that are every bit as precious as newly mined diamonds, for more than 80% off retail. And, sellers can set their own asking price to attain the highest value for their items.
where to buy second hand diamonds
Buying a second hand diamond is not like buying used shoes. You can tell if someone has worn shoes; you cannot tell if a diamond is pre-owned! If jewelry is well cared for, diamonds never lose their splendor. This aspect is part of why they are so valuable!
Even the lowest quality stones are capable of being re-cut and repackaged back into the jewelry sector. Recycling diamonds allows the flow of second-hand diamonds back into meaningful jewelry production. This in turn gives a strong ethical rationale by reducing the burden on mining activities and thus lessening environmental impacts. This is something which WP Diamonds, in common with a growing number of jewelers and consumers, takes very seriously.
We buy a wide range of second-hand and used diamonds and recycle these back into the industry. From antique cut diamond rings to cushion cut diamond engagement rings to designer diamond jewelry and more. We buy diamond jewelry with a center stone of 0.5ct or larger, as well as designer jewelry, luxury watches and handbags.
Diamonds are the most durable of all gemstones and even with age and wear they are often still in perfect condition which makes buying a second hand diamond a great options at the best possible price. Second hand diamonds that are undamaged will retain a relatively high percentage of their current market value and the price achieved will often come down to the attractiveness and demand for the diamond quality.
At Diamond Brokers Queensland all of the second hand diamonds for sale in store are either supplied with their full original international diamond grading certificate or have been assessed by our diamond graders for their exact quality grade.
All of the second hand diamonds listed for sale have been inspected, assessed and approved for sale by Diamond Brokers Queensland for quality assurance. Each diamond has been valued and listed at a fair and reasonable price for both the seller and buyer with prices based against the current equivalent wholesale replacement cost of the diamond.
Buying a second hand gemstone can be quite a different process to buying a diamond. Compared to a diamond, gemstones are much softer and when worn in jewellery can be scratched or damaged quite easily.
When buying any second hand gemstone it is important to know if it has been keep as a pristine collector piece or if it has some damage from being worn previously in jewellery. Any damage on a gemstone will reduce the cost of the gem significantly but if the damage is minor will not dramatically affect the appearance of the gem. Quite often with large gems that are either poorly cut or damaged they can be re-cut to bring the quality of the gem back up to new modern condition for selling.
We often find that some people show concern about buying an old or second hand diamond. The truth is that all diamonds are old having been formed millions of years ago in the centre of the earth. Diamonds are the hardest gem on earth and unlike other precious stones will rarely scratch or wear, no matter how old, diamonds can still remain in perfect new condition. An old diamond just means that it has owner history. A modern certified diamond will be easy to compare with a new stone but as the age of the polished diamond increases the quality of the cut can become lower reducing the return on the diamond.
It is still very important to make sure you understand the quality of the diamond that you are buying as second hand diamonds can vary in quality considerably and making the right selection is essential.
When it comes to engagement rings, size matters. Everyone wants a ring with a big and beautifully cut rock on it. If they prefer diamonds you might think you are out of luck. But if you consider purchasing a second-hand ring, you can get a better item for a much lower amount. For example, a second-hand 3-karat ring might be equivalent in price to a brand new 1-karat ring.
Diamonds are tough, and they stand the test of time. It is virtually impossible to scratch or chip them. Buying a second-hand engagement ring does not mean you have a defective jewel. A diamond that has been in use for some time will be as good as one that has been carved and set just recently. Given the durability of diamonds, and considering how hard it is to check how old they are, there is no knowing whether the diamond ring you just bought has been in use already.
Antique jewelry is always in style, and the vintage look only adds to the charm and character of the ring. By going for a second-hand ring, you have a lot more variety with which to choose the perfect ring. These rings will not only have character, but you might be lucky enough to find a ring with a style that is not available on the modern market but is ideal for your partner.
Bringing a piece of jewelry to a vendor or to a pawnshop, its owner faces a completely different coordinate system, especially when it comes to branded jewelry. The colossal difference between the sale price in the primary market and the price offered in the secondary market is the result of both objective and subjective reasons. The first can be attributed to the initially complex pricing for diamonds as a product that is difficult to standardize. Even based on the common 4C system, two appraisers can disagree on the cost of a diamond by 30%, according to Bain's 2012 report. Finally, due to exorbitant markups in luxury retail, consumers overpayfrom 253% to 336% while buying a basic round solitaire ring from such brands as Tiffany, Cartier, Van Cleef and Harry Winston.
Thus, it can be concluded that the growth of the second-hand diamond market is not directly interrelated with price dynamics. Obviously, it is driven by other forces that are less predictable. In order to somehow evaluate them, De Beers changed its principles and entered the market of second-hand diamonds. At a minimum, this will make it possible to understand how widely consumers are willing to sell them, and whether this sector represents a threat to "original" polished diamonds.
In August 2014, De Beers established the International Institute of Diamond Valuation (IIDV) in New York, a lab for evaluating and purchasing. IIDV provides two types of services to retailers who are approached by customers wishing to sell a diamond or a jewelry piece with a Forevermark diamond. In the first case, the client refers to one of the authorized retailers, where the stone is valued on the spot and this is followed by an offer from IIDV to buy at a market price. The price deduced using the database on 100,000 diamonds is the maximum possible price for the secondary market, explained De Beers. If the customer is satisfied with the offer, the transaction is closed immediately at a jewelry store. The retailer can be both an intermediary between the client and IIDV, as well as the final buyer of the stone, if it considers the transaction attractive. The second type of service, for more expensive goods, involves sending them from a jewelry store directly to the IIDV office, where diamonds are removed from a jewelry piece and inspected using the latest De Beers technology. After several days of inspection, the client receives a price offer. Also, the client can send such a jewelry piece independently, bypassing the authorized retailers and filling out an online application.
Initially, the program was considered as a probe and was limited in volume, hence its marketing was very modest. It can be concluded that so far De Beers does not understand where the re-purchased diamonds will be sold (more precisely, the part that its authorized retailers will not buy). No matter how strategically important such a program is, it cannot work only in one direction. Perhaps this task will be solved by a special marketing campaign that stimulates the acquisition of just such stones - for example, for environmental reasons.
The only consideration that could call into question the need to be present in the market for "used" natural diamonds is the development of synthetic diamond production. To date, the industry community has not fully appreciated the effects of the lab-grown onset and the extent of possible cannibalization of the natural diamond market. One of the popular opinions is that lab-grown diamonds are a truly serious challenge and can critically change the pricing system, just as grown pearls devalued natural ones, flooding the market. In this situation, no one will care about re-purchasing natural diamonds, as well as about many other operations with them. All that remains is to work on the promotion of natural rough diamonds and, holding up your hands to heaven in the quiet of the night, ask to postpone the development of the situation in a tragic way, if possible. The other option is to deliver a preemptive strike and declassify synthetics to the level of costume jewelry. This kind of attempt was made by De Beers. We cannot yet fully assess its consequences, but most experts recognize the foresight of this initiative and consider the separation of the markets for natural and synthetic stones to be a fait accompli. So, we can hope that the re-purchasing of used diamonds is still relevant, and the issue will be solved in the coordinate system that we have today.
The rate of a jewellery piece depreciates when owned making it a cheaper than a new one. Whereas the price might be the major factor for choosing second-hand jewellery, there are numerous other benefits. In this article we will discuss what buying second-hand jewellery entails.
Diamonds are precious stones that attract almost everyone due to their eye catching beauty. Diamond rings are a treasure that would last a lifetime to anyone owning them. These facts make diamond rings a great investment. Pre-owned diamond rings just like many second-hand commodities are cheaper than new ones. Below are advantages of investing in pre-owned diamond rings: 041b061a72