Help pls: Upgrading my Solitaire to a bigger diamond

[SummerSmile]

Hi! I'm so happy to stumble upon this forum as I have spent so many hours doing research for my ring. I love looking at those diamonds!! Seeing how knowledgeable most of you are (compared to me) I would like to seek help or advise about my Engagement ring.

My husband offered to upgrade the Diamond on the engagement ring he gave me 21 months ago. I have a 1.026 ct Princess-cut diamond on a 14k white gold solitaire setting. It came with an AGS Lab certificate with the following specs: cut-ideal0, color-F, clarity-VS1. Husband bought it at Larry Jewelry in Paragon, so when he offered an upgrade for me to get a bigger carat diamond (with same or better quality) I went to the exact same store and talked to the exact same guy who sold him my ring.

The guy said they can do upgrade, meaning I can exchange my current diamond to a bigger diamond and I will just have to add the price difference. HOWEVER, he said they will only consider 70% of the price from my original diamond. Now, taking away 30% off the original price of my diamond is huge! Diamonds dont really depreciate, am I right?

Is Larry Jewelry giving me a decent deal when they take 30% off from my diamond price? They sold us that diamond so they know the quality, right? ..Or should I try and sell my diamond somewhere else so I'll have more money to add for the new diamond? And if so, can you recommend where I could sell or exchange my diamond? I'm looking to upgrade my ring from 1.026ct diamond to about 1.8ct or more.

Your help/advise/suggestions are very much needed and appreciated. Thank you!!

 

[kalomeli]

I don't have even nearly the expertise to answer your question but you might want to hit the "Report concern" button in the right corner of this thread and ask this to be moved to RockyTalky where you'll likely get more answers.

 

[SummerSmile]

I don't have even nearly the expertise to answer your question but you might want to hit the "Report concern" button in the right corner of this thread and ask this to be moved to RockyTalky where you'll likely get more answers.

Thank you so much! I'm such a newbie, my post got lost. Lol

 

[Ashleigh]

If LJ doesn't have a 100% trade up policy to begin with, then I think their 70% offer is the best you can get. I suspect other jewelers will give you less than that if you try to trade in with them. Selling your diamond yourself will most probably net you only 20-40% of its value. If you aren't in a hurry, you can try consignment. Consignment might net you a bit more than 70% but you have to wait and one has no idea how long the wait will be.

 

[TC1987]

duplicate thread

 

[hearts-arrows_girl]

70% seems low. Most stores with upgrade policies give 100% of the original purchase price you paid in their store. I would take it in a few other places and see what they would allow you on it, so you can see if there is any advantage to sticking with the original place. If they are only gonna give you less than $1,000,(I am guessing what a 1ct princess would have sold for 21 years ago) I would just start new and look online. Guaranteed, you will save more than $1,000 by buying online instead of using a B/M.