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More Thoughts on Diamond Shrinkage Syndrome and Upgrading

AGBF

Super_Ideal_Rock
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Joined
Jan 26, 2003
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I am not sure (since it isn't good English anyway) whether it is better to say, "Diamond Shrinking Syndrome" or "Diamond Shrinkage Syndrome" when writing out the words of the acronym: DSS. Most of us on Pricescope know what DSS stands for, however. It is the almost universal phenomenon that hits longtime members of our forum, making our diamonds get (quite inexplicably) smaller over time. A perfectly good one carat diamond that used to look big on one's hand suddenly shrinks to the size of a grain of sand after a while.

At any rate, some of us decide that we would like to buy bigger diamonds to replace the smaller diamonds with which we started out. Unless we have a sentimental attachment to the diamond with which we started out (and sometimes even if we do), we sometimes wish to sell the original diamond to help finance the purchase of the larger diamond. And therein lies a dilemma.

Did we buy a diamond with a trade-up policy the first time we purchased a diamond? Those of us who had not, yet, found Pricescope certainly did not! We had no idea that we might ever need such a thing! So now we are are stuck with reselling a diamond. And it won't sell for a fraction of what we paid for it. So it will go at a loss...but how do we sell it at all? What do we do?

Obviously some enterprising Pricescopers have turned to selling their "preloved jewels" on their own here on the Internet. Others of us do not want to take on that burden, however. There are jewelers with whom one can consign pieces. Like Pearlman's.

I have been wondering, however, if an individual might offer a service of selling the jewelry belonging to others (be it on the Internet or in consigment shops) and then taking a percentage of the profit for doing that. Someone highly respected and in the field. Because it would be worth it to people like me who might want to sell large numbers of valuable pieces (in my case to upgrade to a three carat diamond) but who don't want to have to list lots of other pieces themselves! I mean someone who would take your six or seven good pieces-enagage to sell them- do take a cut-then give your cut. All at once. Not in dribs and drabs. What do you think?

I am interested in the thoughts others have in upgrading and its costs.

Deb/AGBF
:read:
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

They would have to be a pretty trustworthy person. Why would you not just use Pearlmans?
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

You need Catherine Keener's character from The 40-Year-Old Virgin! She sold stuff for people on eBay.
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

Haven|1352685748|3303678 said:
You need Catherine Keener's character from The 40-Year-Old Virgin! She sold stuff for people on eBay.


I've seen a few shops like that here in LA. One is called iSold it on eBay.

Or go through a broker/escrow service?
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

For diamonds there is a new selling service on PS. But my old jewelry, pre-PS, is not at the level of quality most PSer's expect, so I figure I am better off leaving the better ones to my future grandkids than to sell them. And even the good quality pieces, such as a Memoire band, I am not sure I want to take a loss. But I hear you Deb. I think most have been doing consignment if they don't want to deal with selling themselves.

(oh, and I think of DSS as Diamond Shrinkage Syndrome)
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

diamondseeker2006|1352690021|3303742 said:
For diamonds there is a new selling service on PS. But my old jewelry, pre-PS, is not at the level of quality most PSer's expect, so I figure I am better off leaving the better ones to my future grandkids than to sell them. And even the good quality pieces, such as a Memoire band, I am not sure I want to take a loss. But I hear you Deb. I think most have been doing consignment if they don't want to deal with selling themselves.

(oh, and I think of DSS as Diamond Shrinkage Syndrome)

Hi, DS. Thanks to you and to everyone else for the replies. I do know that PS allows postings about sales now. The truth is that even for the few pieces I might sell in order to raise funds for an upgrade, I am leery about selling myself. I shouldn't be because I have certs from GIA and AGS for all my diamonds, including sidestones in rings with colored stones, but I still worry that a Pricescoper will say I didn't describe a piece well. I'd rather let someone else, preferably a jeweler, do the describing and deal with any dissatisfaction! The only pieces I would sell are beautiful ones...and I don't want trouble.

AGBF
:read:
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

Deb, for pieces that can be sold with just the diamond, there is a new option here which allows one to get quotes from vendors:

https://www.pricescope.com/sell-your-diamond

If the piece needs to be sold as a complete piece of jewelry, then you can check JBEG, Pearlmans, and GOG for consignment.
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

I think of it as Diamond Shrinkage Syndrome.

Selling stuff yourself gets really old after a while...So are you proposing that they would list them on ebay or something for you? And pay you once they have sold? Or pay you right away for your pieces and sell them as they can?
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

diamondseeker2006|1352694597|3303768 said:
Deb, for pieces that can be sold with just the diamond, there is a new option here which allows one to get quotes from vendors:

https://www.pricescope.com/sell-your-diamond

If the piece needs to be sold as a complete piece of jewelry, then you can check JBEG, Pearlmans, and GOG for consignment.

Wow, DS, where was I? I was unaware of this service and it is great!!! About a year ago a vendor with whom I am friendly saw that I had been complaining publicly about the trials of upgrading and contacted me. He was someone with connections to recutting for super-ideals. I was very, very glad to get a ballpark figure on what one of my diamonds might go for if he bought it to be used for a recut. This service sounds similar. Some of my diamonds are set simply and could be removed and sold at minimal cost, for recut for example. Others are set beautifully and would lose value if taken from their current settings. For instance, I have a G colored 1.38 carat diamond bought when 60/60 was still the cut rule, but it has beautiful VS clarity and is now set in a handmade 24K gold hammered ring.

Deb/AGBF
:read:
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

I inherited a lot of jewelry from my mom. My sister just put her share away to give to her granddaughter(s) someday since she does not wear any of it. DD pretty much decided she does not want any of it either. I only wear 2 pieces of it, a heart locket with a tiny diamond in the center and a large gold braided bracelet which I have loved since I was little. I have been struggling trying to figure out what to do with the rest of thestuff.

I wonder if I would be better off removing the gems and make one signature piece and selling the gold and excess gems (diamonds as well as colored stones) or just sell off the pieces as a consignment and buy just a few quality pieces. I would rather have a smaller collection of loved bling than a large collection of "ugh" .
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

AGBF|1352719602|3303874 said:
diamondseeker2006|1352694597|3303768 said:
Deb, for pieces that can be sold with just the diamond, there is a new option here which allows one to get quotes from vendors:

https://www.pricescope.com/sell-your-diamond

If the piece needs to be sold as a complete piece of jewelry, then you can check JBEG, Pearlmans, and GOG for consignment.

Wow, DS, where was I? I was unaware of this service and it is great!!! About a year ago a vendor with whom I am friendly saw that I had been complaining publicly about the trials of upgrading and contacted me. He was someone with connections to recutting for super-ideals. I was very, very glad to get a ballpark figure on what one of my diamonds might go for if he bought it to be used for a recut. This service sounds similar. Some of my diamonds are set simply and could be removed and sold at minimal cost, for recut for example. Others are set beautifully and would lose value if taken from their current settings. For instance, I have a G colored 1.38 carat diamond bought when 60/60 was still the cut rule, but it has beautiful VS clarity and is now set in a handmade 24K gold hammered ring.

Deb/AGBF
:read:

This is very new, Deb. If I decide to go for a larger round, I might just try this for my current diamond just to see how well it works.
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

soocool|1352722070|3303884 said:
I inherited a lot of jewelry from my mom. My sister just put her share away to give to her granddaughter(s) someday since she does not wear any of it. DD pretty much decided she does not want any of it either. I only wear 2 pieces of it, a heart locket with a tiny diamond in the center and a large gold braided bracelet which I have loved since I was little. I have been struggling trying to figure out what to do with the rest of thestuff.

I wonder if I would be better off removing the gems and make one signature piece and selling the gold and excess gems (diamonds as well as colored stones) or just sell off the pieces as a consignment and buy just a few quality pieces. I would rather have a smaller collection of loved bling than a large collection of "ugh" .

My inclination is to think that if the pieces are out of style and are not timeless, then selling the gold while prices are high would be your best bet. You probably won't be able to sell the pieces as is if they are out of style unless they happen to be designer pieces like Tiffany or something. I really only got a diamond from my mother and I had that recut (and reset) because I wouldn't have used it as it was poorly cut. So I think it is better to reuse any good stones and scrap the rest rather than have it just sit there. Then you can buy a special piece with that money or as you said, use the money and some gems to make something new.

Because of this very thing, I am pretty intent now on only collecting pieces that are very simple and timeless so that my girls don't have this problem! I did have some gold pieces that were no longer in style and sold them for the gold content. I just saved a classic gold locket and bangle bracelet because I knew they could be worn anytime as long as someone wants to wear yg.
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

If you have a detailed and up-to-date appraisal, and great photos, I should think that would be enough. Always state the "weasel words" like "within 1 color grade or clarity grade, either direction) or whatever, so that they can't come back carping about trivia.

With PayPal. I invoice a buyer, wait until they pay AND the extra 2-4 days that it takes to transfer the money to my bank account, then I actually would withdraw that money from that bank account before I ship anything. Then if PayPal or the buyer want a refund, they have to ask me first. PayPal could place a hold on my account, if they wanted to refund a buyer and they couldn't just jerk the money back. But the stigma of that punishment doesn't bother me nearly as much as PayPal allowing a buyer to get both my merchandise AND a refund, lol. PayPal docks me about 3% of any payments. I charge 3% more for PayPal vs. cashiers check, unless I just really want to sell something right now and the 4% would be a dealbreaker.

Cashiers checks, my bank holds all funds from checks including cashiers checks that are from outside of this Federal Reserve zone, about 7 days. So I just tell the buyer, yes, you'll save 3% but you'll be waiting an extra 7-10 days.

ebay docks sellers about 15% now, totaling up all the ebay fees and the PayPal fees. They are charging fees on the shipping now, too. I think that's wrong, but, hey, I just upped my handling fees or prices to compensate. Buyers are miffed at the higher prices on ebay now. But too bad. When I lost 5% on a sale, I could charge less than when I'm losing 15% to fees. And it's not my fault that shipping costs increased, either. I sell mostly horse tack and saddles, and I've gotten to the point that when buyers whine about the prices, I just say "If you are already having money problems, get out of the horse business now. Certainly don't buy my saddle." Usually they buy it anyway. Maybe I inadvertently have discovered the "Buy" button on consumers. ;-D
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

FrekeChild|1352698206|3303785 said:
I think of it as Diamond Shrinkage Syndrome.

Selling stuff yourself gets really old after a while...So are you proposing that they would list them on ebay or something for you? And pay you once they have sold? Or pay you right away for your pieces and sell them as they can?

Ditto to both points! I dislike selling my own stuff and fielding crazy low offers for things. I had one person offer me exactly half of what my list price was on an item.

So, I listed my e-ring and LM eternity ring with JBEG. I'd rather have them deal with the money and pay them a percentage.
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

diamondseeker2006|1352725844|3303904 said:
AGBF|1352719602|3303874 said:
diamondseeker2006|1352694597|3303768 said:
Deb, for pieces that can be sold with just the diamond, there is a new option here which allows one to get quotes from vendors:

https://www.pricescope.com/sell-your-diamond

If the piece needs to be sold as a complete piece of jewelry, then you can check JBEG, Pearlmans, and GOG for consignment.

Wow, DS, where was I? I was unaware of this service and it is great!!! About a year ago a vendor with whom I am friendly saw that I had been complaining publicly about the trials of upgrading and contacted me. He was someone with connections to recutting for super-ideals. I was very, very glad to get a ballpark figure on what one of my diamonds might go for if he bought it to be used for a recut. This service sounds similar. Some of my diamonds are set simply and could be removed and sold at minimal cost, for recut for example. Others are set beautifully and would lose value if taken from their current settings. For instance, I have a G colored 1.38 carat diamond bought when 60/60 was still the cut rule, but it has beautiful VS clarity and is now set in a handmade 24K gold hammered ring.

This is very new, Deb. If I decide to go for a larger round, I might just try this for my current diamond just to see how well it works.


I am testing it right now, DS. I didn't have all the information I needed at my fingertips since my certs are in the safety deposit box, but I put as much information as I could recall about five diamonds I own into the diamond submission box. I will see what I hear back from vendors, if anything.

Deb/AGBF
:read:
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

I left a few of my best jewelry pieces with someone today with the idea that I may consign those pieces. The idea was that I might not have to remove the diamonds from them if they sold "as is" before Christmas.

I do have one quandary, however. It's over what price to set on a stone set in a half bezel 18K yellow gold setting . It is a pendant with a bail to be worn on a chain and will be shown with a chain.

I paid over $20,000 for this stone about 12 years ago, but going on-line to look at prices I should charge for it now brought me only confusion. Prices were all over the map. They ranged (for stones of exactly the same weight, color, and clarity) from $22,000 to almost $60,000...and one of the ones in the 50's had a 60/60 cut ratio similar to mine! (I mean not all of the high priced ones were ideal cuts!)

I will list some of my specs. Tell me what you think a high end retailer would expect for this set as I described (in an 18K yellow handmade 1/2 bezel pendant setting).

GIA Report

Shape And Cutting Style..Round Brilliant
Measurements....8.19-8.29 x5.04 MM.
Weight........... 2.10 carats

Proportions
Depth..........61.2%
Table...........62%
Girdle............Thin To Slightly Thick, Faceted
Culet............Small
Finish
Polish..........Very Good
Symmetry.....Good

Clarity Grade.....VS1

Color Grade.....E

Comments:

Clouds are not shown.

Any ideas?

Deb/AGBF
:read:
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

I will NEVER sell via DB/ebay or the like again. I've had too many problems. The person who bought my IDJ 20 pointer eternity band (that came with an appraisal for whatever it was worth) took it to her jeweler and he said it wasn't the quality indicated on the appraisal. Being that I'm no expert, I didn't feel like I had a leg to stand on. Luckily, Yekutiel agreed to work with her til she was happy (I'm not sure what that means or how it end, but I was no longer in the middle, so I was happy). The second issue was with a band I bought on eBay as a Cathy Carmendy band and it came with an appraisal on their stationary. I wasn't wearing it and decided to sell it on DB. I sold it for about $50 less than I paid about 4 months after I bought it. Fast forward a year and the person who bought it from me emails me to tell me that she tried to sell it on eBay, sold it, only to have the buyer report her for fraud, saying it wasn't an authentic Cathy Carmendy. So, 16 months after I bought it, she wants a refund and suggests that I open a claim with eBay. While I didn't feel that I was responsible for her problem (since I'd sold it in good faith, with the exact info I had when I bought it), I decided to try to be nice. Of course, eBay won't do anything this long after the item was originally purchased and any seller who sells bogus merchandise isn't going to take it back when they had a no return policy in the first place....

So, given my recent experiences, I am done selling jewelry on my own.

As for DSS, I don't have it and don't think I will (knock on wood, b/c after all of the bling drama of the past couple of years, DH would divorce me if I suggested that I wanted an upgrade!!)....
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

AGBF|1353021071|3307513 said:
I left a few of my best jewelry pieces with someone today with the idea that I may consign those pieces. The idea was that I might not have to remove the diamonds from them if they sold "as is" before Christmas.

I do have one quandary, however. It's over what price to set on a stone set in a half bezel 18K yellow gold setting . It is a pendant with a bail to be worn on a chain and will be shown with a chain.

I paid over $20,000 for this stone about 12 years ago, but going on-line to look at prices I should charge for it now brought me only confusion. Prices were all over the map. They ranged (for stones of exactly the same weight, color, and clarity) from $22,000 to almost $60,000...and one of the ones in the 50's had a 60/60 cut ratio similar to mine! (I mean not all of the high priced ones were ideal cuts!)

I will list some of my specs. Tell me what you think a high end retailer would expect for this set as I described (in an 18K yellow handmade 1/2 bezel pendant setting).

GIA Report

Shape And Cutting Style..Round Brilliant
Measurements....8.19-8.29 x5.04 MM.
Weight........... 2.10 carats

Proportions
Depth..........61.2%
Table...........62%
Girdle............Thin To Slightly Thick, Faceted
Culet............Small
Finish
Polish..........Very Good
Symmetry.....Good

Clarity Grade.....VS1

Color Grade.....E

Comments:

Clouds are not shown.

Any ideas?

Deb/AGBF
:read:

Deb, did you submit these specs to the PS price quote service? Because to me, that would be the best way to get the wholesale price and a little could be added to that. I would not price it high end retail if you want to sell it. It still needs to be discounted to make it more appealing to a buyer.
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

yennyfire|1353022048|3307520 said:
I will NEVER sell via DB/ebay or the like again. I've had too many problems. The person who bought my IDJ 20 pointer eternity band (that came with an appraisal for whatever it was worth) took it to her jeweler and he said it wasn't the quality indicated on the appraisal. Being that I'm no expert, I didn't feel like I had a leg to stand on. Luckily, Yekutiel agreed to work with her til she was happy (I'm not sure what that means or how it end, but I was no longer in the middle, so I was happy). The second issue was with a band I bought on eBay as a Cathy Carmendy band and it came with an appraisal on their stationary. I wasn't wearing it and decided to sell it on DB. I sold it for about $50 less than I paid about 4 months after I bought it. Fast forward a year and the person who bought it from me emails me to tell me that she tried to sell it on eBay, sold it, only to have the buyer report her for fraud, saying it wasn't an authentic Cathy Carmendy. So, 16 months after I bought it, she wants a refund and suggests that I open a claim with eBay. While I didn't feel that I was responsible for her problem (since I'd sold it in good faith, with the exact info I had when I bought it), I decided to try to be nice. Of course, eBay won't do anything this long after the item was originally purchased and any seller who sells bogus merchandise isn't going to take it back when they had a no return policy in the first place....

So, given my recent experiences, I am done selling jewelry on my own.

As for DSS, I don't have it and don't think I will (knock on wood, b/c after all of the bling drama of the past couple of years, DH would divorce me if I suggested that I wanted an upgrade!!)....

It's gorgeous rings like yours, Yenny, that give us DSS! You have a masterpiece so I can't ever imagine you even wanting another ring! Plus you have the other beautiful 3 stone! :love:

I am so sorry to hear that your jewelry sales had problems! I think that girl had a lot of nerve coming back (regarding the CC band) after that long. I am not sure what I would have done in that case. Maybe give her the name of the person I bought it from! I am glad Yekutiel is handling the eternity ring issues.
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

diamondseeker2006|1353031384|3307656 said:
Deb, did you submit these specs to the PS price quote service? Because to me, that would be the best way to get the wholesale price and a little could be added to that. I would not price it high end retail if you want to sell it. It still needs to be discounted to make it more appealing to a buyer.

Hi, DS-

I did submit the five diamonds I thought it would be worth my taking out of pieces to the Pricescope quote service, but I didn't have the certificates at home when I first did so. Only one vendor contacted me and wanted more information. I thought that the vendor wanted the certificate numbers, so I went to the safety deposit box and got them out. (I e-mailed these to the interested vendor.) It turned out that the vendor wanted copies of the certs, however, which I had not sent. In the meantime, I had also brought the pieces and the certs in to my local jeweler, whom I had contacted. He had taken the approach that we start out less radical with trying to consign the pieces as is, rather than pulling them all apart, since it is right before Christmas and they are all saleable items. I left pieces there intact with the intent to consign and thus didn't follow up with the PS quote service.

Deb
:wavey:
 
Re: More Thoughts on Diamond Shrinkage Syndrome and Upgradin

thing2of2|1352742309|3304258 said:
FrekeChild|1352698206|3303785 said:
I think of it as Diamond Shrinkage Syndrome.

Selling stuff yourself gets really old after a while...So are you proposing that they would list them on ebay or something for you? And pay you once they have sold? Or pay you right away for your pieces and sell them as they can?

Ditto to both points! I dislike selling my own stuff and fielding crazy low offers for things. I had one person offer me exactly half of what my list price was on an item.

So, I listed my e-ring and LM eternity ring with JBEG. I'd rather have them deal with the money and pay them a percentage.

I cannot imagine dealing with the stress of selling ever again. The WF diamond I sold on DB was exquisite and I was SO mad that when the woman received it, that she complained that it was TOO SMALL! I mean, seriously! Why didn't she look at diamonds beforehand to get an idea of what that size of a diamond would look like!? It must take some seriously thick skin to be a vendor.

The only smooth, easy sales have been of selling scrap gold. Called around and found the best prices and the place I went to will pop the stones out if you want to keep them!
 
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