how to re-sell my diamond?

[alaindelon]

We purchased a new diamond ring and wish to sell the other one. I''ve had a lot of warning that the diamond may sell for much lower than its purchase price. I''m also concerned about reliability--I would rather have a bit of info about the dealer or store before I go. Does anyone know any jeweler/dealer in the NYC area who is known for being fair and trustworthy with buying diamonds from individuals? Info about the ring we wish to sell:

Emerald cut with sidestones
Total carats: 1.40
Center stone: .47 to .50
Color: H-I
Clarity: VVS-VS1

Btw, I only have the appraisal of the jeweler, not GIA or the like. The ring cost approx $1400

Thanks in advance!

 

[MonkeyPie]

You might be more likely to get what you paid for it by selling it yourself, such as on craigslist.

 

[kcoursolle]

I''ve consigned several rings through pearlmans. They aren''t located in NY, but I was out of state for them as well and didn''t have any problems dealing with them long distance. They take a 15% commission which I think is very fair and they do all of the work of listing it on their website. Here is their website: pearlmansjewelers.com. I wouldn''t expect much more than half of what you paid...but that''s just how it goes when you sell pre-owned.

 

[february2003bride]

Date: 6/30/2008 6:06:12 PM
Author: kcoursolle
I''ve consigned several rings through pearlmans. They aren''t located in NY, but I was out of state for them as well and didn''t have any problems dealing with them long distance. They take a 15% commission which I think is very fair and they do all of the work of listing it on their website. Here is their website: pearlmansjewelers.com. I wouldn''t expect much more than half of what you paid...but that''s just how it goes when you sell pre-owned.

KCour- The commission is now 25% for new customers who consign through Pearlman''s. Customers who have consigned in the past stay at 15% (if I understood Bill correctly).

I just sent my e-ring to Bill to consign and have consigned with him in the past, and I 100% recommend Pearlman''s. Bill is an outstanding merchant whom I trust without a doubt (and his staff!) to handle all of the items I''ve sent him.

 

[kcoursolle]

Date: 6/30/2008 6:51:19 PM
Author: february2003bride

Date: 6/30/2008 6:06:12 PM
Author: kcoursolle
I''ve consigned several rings through pearlmans. They aren''t located in NY, but I was out of state for them as well and didn''t have any problems dealing with them long distance. They take a 15% commission which I think is very fair and they do all of the work of listing it on their website. Here is their website: pearlmansjewelers.com. I wouldn''t expect much more than half of what you paid...but that''s just how it goes when you sell pre-owned.

KCour- The commission is now 25% for new customers who consign through Pearlman''s. Customers who have consigned in the past stay at 15% (if I understood Bill correctly).

I just sent my e-ring to Bill to consign and have consigned with him in the past, and I 100% recommend Pearlman''s. Bill is an outstanding merchant whom I trust without a doubt (and his staff!) to handle all of the items I''ve sent him.

good to know february bride, I didn''t know he increased it to 25%...although I am happy to be grandfathered in to 15%. At 25% it''s still probably the best way to sell since he makes it so easy for you and because his website has such a large readership. In addition, pearlmans is very trustworthy and people are eager to buy from them.

 

[Lorelei]

This thread might help along with the advice the other ladies have given,

https://www.pricescope.com/community/threads/reselling-gems-jewelry-what-can-you-expect.17952/