different route than upgrading thru JA

[bunrieu]

so, instead of upgrading with JA....could i sell my diamonds to someone or some company and use that $$ and buy it elsewhere?

what are my options/alternatives?

i bought a 1.06 F/IS1(eyeclean) H&A for $5200 3yrs ago. how much can i get it today - worse/best ?

 

[Todd Gray]

This article written by Neil Beatty might provide some insight A consumer''s guide to reselling diamonds

 

[stone-cold11]

I don''t think it is worth it unless you are planning to upgrade again later, JA''s upgrade policy is more restrictive than some other vendors''.

 

[Lorelei]

Date: 7/23/2009 2:43:30 PM
Author: Todd Gray
This article written by Neil Beatty might provide some insight A consumer's guide to reselling diamonds

Ditto Todd, also it is usual to recoup only around 30 - 50% of what you originally paid. If you want you could contact www.pearlmansjewelers.com and ask about consignment if you aren't in a rush, if a sale results then the vendor takes a commission. So going by that then 2 - $2600 would be a rough estimate, you might get more with consignment.

 

[bunrieu]

Date: 7/23/2009 2:49:09 PM
Author: Lorelei

Date: 7/23/2009 2:43:30 PM
Author: Todd Gray
This article written by Neil Beatty might provide some insight A consumer''s guide to reselling diamonds

Ditto Todd, also it is usual to recoup only around 30 - 50% of what you originally paid. If you want you could contact www.pearlmansjewelers.com and ask about consignment if you aren''t in a rush, if a sale results then the vendor takes a commission. So going by that then 2 - $2600 would be a rough estimate, you might get more with consignment.

2-2600?

that''s it?

 

[Todd Gray]

Date: 7/23/2009 2:49:09 PM
Author: Lorelei

Date: 7/23/2009 2:43:30 PM
Author: Todd Gray
This article written by Neil Beatty might provide some insight A consumer''s guide to reselling diamonds

Ditto Todd, also it is usual to recoup only around 30 - 50% of what you originally paid. If you want you could contact www.pearlmansjewelers.com and ask about consignment if you aren''t in a rush, if a sale results then the vendor takes a commission. So going by that then 2 - $2600 would be a rough estimate, you might get more with consignment.

I can''t get into pricing because we''re a competitive vendor, but in general, it is usually best to trade-in what you purchased and upgrade with the same vendor because most offer a fair trade-in policy and you''re likely to do much better than you will trying to sell the item on your own.

I recently had a conversation with a client who purchased a custom order engagement ring (not returnable) from us and then broke up with his fiance after the inspection / return period on the diamond. I offered to take the item in on consignment for him, which would have yielded him exactly what he paid for the piece - he indicated that he didn''t want to wait however much time it might have taken for the item to sell on consignment and that he "just wanted to be done with it" so he sold the ring to a local jeweler who gave him a long song and dance about how much we overcharged him and how the internet is the devil, etc. etc.

That was about three months ago, now he''s back wanting to buy the ''exact same ring'' for the ten cents on the dollar that the local guy told him it was worth (and said he could have produced the ring for) and needless to say I had to inform him that simply wasn''t possible and suggest that he return to the local jeweler who made the claim and tell him to put his money where his mouth is and lo and behold "it''s not possible" - surprise - surprise - I feel bad for the guy, but the reality is that we could have recouped his money for him. Personally, I''d just trade it in with JA, but it''s your $$$

 

[stone-cold11]

yap, 50% is most you can expect. Maybe 3k given that is what JA''s H&A of your specs is priced at 6k now.

 

[bunrieu]

geez, what crappy reselll value.

 

[stone-cold11]

yap, diamonds are no investment.

 

[Lorelei]

Date: 7/23/2009 3:08:41 PM
Author: bunrieu
geez, what crappy reselll value.

Sorry, that is unfortunately how it goes.

 

[suchende]

That''s why I love buying my jewelry on the secondary market

 

[Todd Gray]

Date: 7/23/2009 3:08:41 PM
Author: bunrieu
geez, what crappy reselll value.

Not necessarily, it is a matter of how you elect to sell it... Run a search here on PS and I think you''ll find that a diamond like that sells for more today than it did three years ago - I just ran one

The challenge is your ability to sell the diamond, how long you are willing to wait to sell the diamond, where you decide to sell the diamond, the current availability of comparable diamonds, etc.

If you walk into a jewelry store or another dealer and say "buy this from me" you should expect to take a serious hit because they have no incentive to buy a diamond from you beyond the potential profit to be made from buying the diamond for the least amount of money that they can - they have absolutely no incentive to pay you top dollar for the stone, not even close.

You have the potential to make more money selling the diamond on your own, but you also run the risk that we run as vendors every day in terms of being ripped off in a myriad of ways... But you started this thread indicating that you were exploring the option of selling the diamond with the intent of upgrading - Lorelei mentioned a vendor that might be willing to sell the diamond on consignment for you - see what their fee is and what they think you can get for the diamond in the current market.

"Diamonds are not an investment" agreed, but I don''t think my fiance would have let me off the hook with that one... My being in the diamond business and all

 

[Lorelei]

Date: 7/23/2009 4:45:46 PM
Author: Todd Gray

Date: 7/23/2009 3:08:41 PM
Author: bunrieu
geez, what crappy reselll value.

Not necessarily, it is a matter of how you elect to sell it... Run a search here on PS and I think you''ll find that a diamond like that sells for more today than it did three years ago - I just ran one

The challenge is your ability to sell the diamond, how long you are willing to wait to sell the diamond, where you decide to sell the diamond, the current availability of comparable diamonds, etc.

If you walk into a jewelry store or another dealer and say ''buy this from me'' you should expect to take a serious hit because they have no incentive to buy a diamond from you beyond the potential profit to be made from buying the diamond for the least amount of money that they can - they have absolutely no incentive to pay you top dollar for the stone, not even close.

You have the potential to make more money selling the diamond on your own, but you also run the risk that we run as vendors every day in terms of being ripped off in a myriad of ways... But you started this thread indicating that you were exploring the option of selling the diamond with the intent of upgrading - Lorelei mentioned a vendor that might be willing to sell the diamond on consignment for you - see what their fee is and what they think you can get for the diamond in the current market.

''Diamonds are not an investment'' agreed, but I don''t think my fiance would have let me off the hook with that one... My being in the diamond business and all

LOL!!!