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- Apr 3, 2004
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traded in for an upgrade? IYO...Should these trade in stones be priced the same as a newly cut stone of the same 4Cs?
Circe|1415015224|3776677 said:You're talking about just about every diamond in the world. Only a small fraction of them are newly cut: many others have been bought, sold back, recut, re polished, recerted, you name it. Trying to force dealers to lose value on them would hamstring them to the point that the only sensible thing for them to do would be to stop doing trade ins or buy outs and just buy people's stones at a dead loss as dealers have been doing since time immemorial. So, yeah, out of necessity? Toooootally fine with it.
JoCoJenn|1415014781|3776675 said:IMO, it depends on several factors ... condition/quality and if it's a private sale or from a retailer who has overhead to cover. I kinda look at it like buying a car. Why would I pay the same price (from a retailer or private seller) for a "preloved" 2014 with 1500 miles when there is an identical "brand new" 2014 car that was not owned, and it is the same price? No brainer, especially when I have to pay tax on it either way. (this was an actual situation I was in just last year from a car dealer; I bought the "real" new car).
If the owner is selling their preloved diamond privately, I wouldn't imagine it to be for sale at the same price point as what GOG, BGD, or WF is selling a like diamond for. If it is the same price, no I wouldn't buy it from them when I get no guarantee or service as I would buying "retail". Again, no brainer for me.
If it is privately sold AND priced at a discount that allows me to get the diamond for an amount that makes forgoing the retail service for a like stone worthwhile, yes, I would consider buying it privately then.