Any vendors take trade in diamonds?

[autumngems]

I have an oval that I just don''t want, I prefer a different shape. Does anyone know if any of the diamond vendors take trade ins?

 

[kenny]

I don't think any of them take trade ins, officially.
I think some will sell it on consignment for you.

But if the 4Cs are top-quality with an AGS or GIA report and your selling price is low enough I'd guess anyone would take it.

 

[mrssalvo]

pearlmans takes trades but it will depend on if what you have is something they'd be interested in. Goodoldgold and winfields might as well. just shot them an email.

 

[Rockdiamond]

Hi Autumn!

I can''t speak for any other sellers in particular, however I have a feeling that many sellers that stock diamonds would discuss a trade in on a stone you own.
A few things will make it far more likely to work well for you
1) hopefully your Stone has a GIA report- making it easier for the potential buyer to fix a value.
2) Hopefully you can find vendor that has a stone you want to trade for. If you ask a seller to accept your diamond in trade for one they are selling, you have a much stronger hand compared to asking a diamond vendor to buy it outright.
Even more so if the diamond you are wanting cost significantly more than the one you are trading in.


Best of luck and I hope this helps!

 

[denverappraiser]

‘Trade in’ usually relates to a contract that you made with the original seller when you bought the piece in the first place where they agree to buy it back, credit towards the purchase of something else or whatever. These deals tend to be generous because they're part of the original sale. For anyone other than the original seller it’ll be strictly a matter of doing two deals, one where they buy a stone and one where they sell one. That said, lots of jewelers will be happy to talk to you about it. The trick is going to be setting your price. Nearly every client who asks me about the resale market on diamonds, especially on currently less popular things like ovals or things with unusual grades (like VVS1/L) , is appalled at the pricing they can get and either kills the deal or walks away feeling like the jeweler is cheating them. There’s an article here that includes some advice on navigating this problem.


Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

 

[TripleG]

I think of this like trying to sell a car. If you go to a dealer to try and sell only most wont take it. Some will but will offer you a very low price, if you are trading in for an upgraded car at the dealer they will give you more of a cost. Obviously if you sell it yourself you will get more than at a dealer.

Check out the vendors and see what they have to offer. Often times trying to sell it yourself on an ebay or diamond bistro is fine, or as the others pointed out some will sell if for consignment for you like pearlmans if there isnt anything wrong with it like a crack or something like that.

Good Luck!

 

[Rockdiamond]

Again- I can''t speak for any other dealer- but the way I see it, if a person has a diamond purchased elsewhere, that they want to trade in against a larger more costly diamond, it''s a completely different set of circumstances from a person walking into a dealer trying to simply sell them a diamond.
In the first case ( which is still a trade in), the consumer has a far stronger negotiating position.

I agree with Neil that many consumers are shocked to find out what they can get if they simply want to sell a diamond, as opposed to trading one.