Are you looking to sell your diamonds but aren’t sure where to begin? Understanding resale value of diamonds is crucial to getting the best price. Questions like “What is my diamond worth?” or “How much do diamonds sell for?” might be running through your mind. The most important step, however, is determining how to maximize your diamond’s resale value.
In this blog, we’ll explore what diamond resale value means, how to determine it, and what steps you can take to get the best price.
Let’s dive into the world of diamond appraisal and valuation!
Key Takeaways
- Diamonds resell for 20-60% of their original price.
- Color, Carat, Cut, and Clarity determine value.
- Certified appraisers provide accurate valuations.
- Clean, repair, and sell to trusted buyers like DJP Diamonds.
- Rare diamonds can appreciate; most depreciate.
- Use a resale value estimator before selling.
What is Diamond Resale Value?
Diamond resale value is the amount you can obtain when you sell your diamond on the secondary market. Many people question whether diamonds lose value over time, and the answer depends on market demand, condition, and certification. Retail markups reduce the average diamond resale value below the original purchase price. For example, the resale value of a one-carat diamond might vary greatly depending on its cut, clarity, and color.
How to Know My Diamond Worth?
Determining “what is my diamond worth” involves understanding three key values –
Purchase Value
This is the price you paid for your diamond when you initially bought it. Retail prices often include significant markups, which is why the resale value is usually lower.
Appraisal Value
An appraisal value provides an estimate of your diamond’s worth based on its condition, cut, and market demand. Professionals in diamond appraisal use tools to evaluate these factors and provide an accurate valuation.
You can read more about jewelry appraisal vs selling price here and know your diamond’s worth.
Resale Value
The resale value of diamonds depends on market demand, the diamond’s grading, and its overall condition. Factors like clarity and carat weight significantly impact how much buyers are willing to pay
How to determine the Diamond Resale Value?
Here are some essential steps to estimate the diamond resale value –
Market Value – Check the current market trends for diamonds, as values can fluctuate based on demand.
Basic Parameters – Familiarize yourself with the diamond quality, 4 C’s—Color, Carat, Cut, and Clarity. These factors form the foundation of diamond grading and affect the resale value.
Diamond Grading Reports – Obtain a diamond grading certificate from a reputable gemological institute to verify the authenticity of your diamond.
Where to Sell – Choose reliable buyers like us – DJP Diamonds, as our team buy diamonds and offers transparent and competitive pricing.
Using tools like a diamond resale value estimator can also help you gauge how much your diamond might be worth.
Do Diamonds Increase in Value?
The question, “Do diamonds loose value?” often arises among sellers. While diamonds are considered valuable assets, their market value behaves similarly to other luxury goods. Most diamonds depreciate when sold to a secondary buyer, especially if they are not unique or vintage.
However, rare diamonds, especially those with exceptional cuts or historical significance, can appreciate over time. So, if you are thinking do diamonds increase in value, it can sometimes.
These 1-carat diamond resale values can sometimes even exceed the original purchase price.
How to Sell Diamonds at the Best Price?
You can increase the value of your diamond by keeping a few things in mind. Clean it at regular intervals. Restore it to get rid of breakages and cracks. It is advisable to always sell your diamonds to reputable buyers like Houston Diamond Buyers – DJP Diamonds. Professionals appraise diamonds exclusively using authentic tools and give you the best value for your charming gemstones.
Conclusion
Diamonds have a resale value and other different valuations. And if you want to sell them, you will surely get the money. However, you need to get in touch with reliable diamond buyers to get true worth.
If you have been thinking the same, DJP Diamonds is right here to help you. We promise to give you the best possible price on your jewelry once you come to sell the diamond pieces to us.
Have any doubts? Book an appointment to resolve all your queries.
Frequently Asked Questions
Why is the diamond resale value so low?
The jewelers buy the diamond pieces in bulk at wholesale prices, which are far less than the retail ones. Retail prices become higher because it also takes overhead costs of running a business, like rent and salaries of the employees, into account. Thus, it is the principal reason for having a low resale value of diamonds.
How often should I get the diamond appraisal?
The value of jewelry depreciates over time. The older the diamond appraisal, the less accurate its value is. Jewelry appraisers advise keeping updating your diamond appraisal every two to three years.
Can you sell diamonds without a certificate?
Yes, you can. If you don’t have proper documentation of your luxurious possession, or don’t want to get the documents, you don’t need to worry. You can still get a fair share of the price for your jewelry. You just need to sell it to reputable diamond buyers.
Which shape of diamond has the best resale value?
A round diamond is said to have the most value as compared to other shapes of similar clarity, color, and carat weight, as it reflects more light and requires more raw material.
