How quickly do diamond stocks turn over?

[Habo]

I have been looking for a diamond for several weeks and have noticed that there are few stones for sale on most of the more popular online diamond sellers site''s that received an AGS or GIA certificate within the last 6 months. There have been a few certainly but considering that I am looking for a stone in the one caret range I expected to see evidence of a higher volume trade than I appear to be. Assuming these diamonds are all being sold as "new" and have never previously been owned by a consumer why is it that so many of them appear to have been in one seller''s stock or another for more than a year?

I know that with big ticket items turnover is going to be slower but it isn''t uncommon to see stones that have certificates dated sometime in 2003 or before. Surely it is preferable to move your stock more quickly than that. The quicker an item can be sold, presumably at a profit, the quicker a business can reinvest the profit into something else. In this case time really is money. A diamond sold immediatly for its wholesale cost+10% makes a store more money than a diamond sold after being held for two years for its wholesale cost+10%. This is because the 10% profit from the first stone would have been available for another investment years before the same profit on the second stone, which would hopefully generate another profit.

All things being equal it is preferable to move through stock quickly. Where have these diamonds been for the year or more since they were seen by either AGS or GIA?

 

[diamondsbylauren]

GREAT Question!!

It would be a mistake to assume a diamond with a GIA report ( or AGS) which is a few years old is ...."stale" neccesarily.
It might be a case that a diamond was out on loan to a jewelry store- or had been sold and returned.
In that case, it is still a "new" diamond, provided there''s no abrasions or damage to the diamond. In fact, there is NO difference between a diamond sold 10 years ago and worn ( without damage) as compared to one just coming off the polishing wheel.
That''s one of the reasons "A Diamond is Forever" - and this is just as true for diamonds owned by consumers.

It could also be that stones with older reports are simply not the most desirable, so others get sold first- but making that assumption as a blanket statement is just not accurate.
We recently purchased a 1 3/4 Princess of very high grade- the report was from ''03, yet the diamond was awesome.
I noticed the date, looked at the diamond and pulled the trigger- it was a great looking stone.


of course there have been cases of DOG stones with older GIA reports- which I took as the cause.

it''s really got to be looked at on a case by case basis

 

[oldminer]

A diamond in the hands of the wrong seller or sitting in the wrong market can be a dead dog. When it moves into the proper seller's store or the right market location, it is a great stone for a rapid turnover.

Not every diamond belongs in every market or store. Everything needs to find it proper venue. An old cert may indicate something bad about the diamond or it may mean nothing whatsoever. As David told you above, he knows what he can use and readily bought something right for his Establishment that had lingered too long somewhere else. I'm sure he won't let it get dusty in the diamond wallet. One person's trash is another's bounty.