how do i trade up?

[natyloo]

Hi, hubby & I are celebrating 10 years w/a new setting (I just got a plain white gold one when engaged) & I''d like to trade in my 1.75K round cut & .48K round cut (both VERY good stones) for a very nice (and big!) cushion cut . . . any suggestions on how to do this & where so that I don''t get ripped off???? I''d love to get what I want without spending too much more on the new setting/center diamond. I got the original diamonds from a local dealer who supposedly gave them to me close to wholesale. let me know what you would do to not lose any of the money you''ve already invested!!

 

[marcy]

Usually you can only trade in diamonds for what you paid for them with the dealer you bought them from. Many of those places require you buy something that costs twice what you originally paid for your diamond. There may be vendors who would let you trade for a diamond from them but I am not sure who they are.

ETA: Happy Anniversary and a big cushion would be gorgeous.

 

[swingirl]

Check with your original dealer to see if he wants to buy them back.

 

[natyloo]

yeah, he told me when I bought it that he''d buy it back, but wouldn''t he offer a fraction of what I paid?? hmmmmm . . .

 

[GreenEyedLady]

I would like to trade up next year, but the store we purchased my e-ring from is out of business. (K''s Merchandise) Are there online vendors that would allow you to trade in what you bought somewhere else for something they have? I do plan on spending at least twice the amount. Well, I do, I haven''t gotten my husband on board with this idea yet, but I''m working on it.

 

[natyloo]

also, if I didn''t choose to sell it back to him & sold it privately, how would I go about doing this? would I get it appraised & use my GIA cert to establish a price???? where would I even sell/advertise it to get a serious shopper? ugh, this is confusing!

 

[Dreamer_D]

most vendors will not accept for trade in diamonds they did not sell inthe first place. Scratch that, no vendors that I know of will accept for trade diamonds that they did not sell in the first place.

The original vendor may only give you a fraction of the price to BUY BACK the diamond, but will give you 100% of what you paid towards an upgrade.

 

[neatfreak]

Date: 12/29/2009 10:44:25 PM
Author: dreamer_dachsie
The original vendor may only give you a fraction of the price to BUY BACK the diamond, but will give you 100% of what you paid towards an upgrade.

Well that is assuming that they have an upgrade policy at all. Many vendors will only "buy back" or give you a touch more $ if you trade up. So make sure you know the policy about this at your local jeweler.

Unfortunately unless you''ve bought from a dealer who has a 100% trade up policy you may end up losing a lot of $. If you sell it on the open market you can only expect to get about 1/2 of what you paid if you''re lucky.

 

[Sizzle]

Date: 12/29/2009 10:41:13 PM
Author: GreenEyedLady
I would like to trade up next year, but the store we purchased my e-ring from is out of business. (K''s Merchandise) Are there online vendors that would allow you to trade in what you bought somewhere else for something they have? I do plan on spending at least twice the amount. Well, I do, I haven''t gotten my husband on board with this idea yet, but I''m working on it.

Hmm are you from the midwest? I used to work at K''s Merchandise for the holidays years ago. Really too bad they went out of business. You could get great deals there. Especially if you weren''t obsessed with Hearts and Arrows. As long as you knew what to look for.

 

[swingirl]

Date: 12/29/2009 10:31:15 PM
Author: natyloo
yeah, he told me when I bought it that he'd buy it back, but wouldn't he offer a fraction of what I paid?? hmmmmm . . .

You don't know what he'll pay until you try.

It's pretty hard to find a buyer who wants exactly what you are selling, willing to trust a private seller on a large cash purchase, buy a stone without a return option and willing to pay you what you think it is worth.

An independent appraiser (not from a jewelry stone) would tell you what it's worth but finding a buyer is the difficult part.

And what percent of the purchase price are you hoping to get back?