About 14 years ago, my husband purchased my engagement ring at Mayor’s (mall chain store) for $8,200. It’s a marquise, F, SI1, 1.38 carat diamond. I would like to upgrade to a round diamond.
Using Mayor’s trade-in policy, they will give me $9,350 for my diamond, but I must spend at least $14,000 for my new stone. They have a round, G, SI1, 1.35 carat for $14,000 (don''t have all the specs yet). Is this way out of line? Am I completely nuts for even considering this?
I’ve researched online diamond pricing, but I do like the fact I''m dealing with a local jeweler and do not know a thing about selling/consigning my old diamond.
Thanks for everyone’s input!