Realistically there is no inherent value in a diamond. It’s not an investment either unless you have something iconic or something D, FL and large. Even then, it’s usually a terrible investment.I’m trying to understand where value can be found with and without work. I can afford and would be “comfortable” buying a new 3ct Tiffany if I saw it as value. Budget and price range is not what I’m trying to figure out. Im trying to find value.
Here I’m looking to understand what Tiffany and Whiteflash do with their trade ins. Not because I want to buy one from them (I know they don’t sell 2nd hand) but am curious if they are reselling trade-ins as new after reconditioning them.
Ok, as far as I can tell, of course they would resell a diamond that has been returned for an upgrade. They probably just make sure the specs are consistent. If they are willing to take a diamond back, it’s because it’s still completely the same as when they sold it. I bet there are cases where a company has worked with high end customer but for our purposes they require the diamond be returned with the same specs. They check it. If you bought it at 2.5 carats and you tried to return it at 2.3, they aren’t a bunch of idiots. It’s not gonna work out. It’s a diamond so obselecence or wear and tear are not relevant, at least not for the diamonds that are taken back for an upgrade. Unless the company decides they don’t like the cut of the diamond in the first place there is no “refurbishing”. It’s not an iPhone. And as @foxinsox says, diamonds are not “new”. They’re older than my great grandmother. I have heard of older stones, original old European cuts that have been worn for a hundred years, cut before MRBs, get cleaned up, repolished and then graded. That is not what you’re looking for and in any case the current report would be based on the diamond in its current state. So it sounds like you’re trying to figure out if these companies sell diamonds that have been returned for an upgrade at a lower price because they are “used”? Thus that equates to getting “value” in your purchase? Ummm yeah. No. With diamonds, it doesn’t really work that way.Thank you and agree it all very subjective and maybe a good topic for another post.
Here I’m looking to understand what Tiffany and Whiteflash do with their trade ins. Not because I want to buy one from them (I know they don’t sell 2nd hand) but am curious if they are reselling trade-ins as new after reconditioning them.
...
I’m trying to understand where value can be found with and without work. I can afford and would be “comfortable” buying a new 3ct Tiffany if I saw it as value. Budget and price range aren’t what I’m after here. Im trying to find value.
Diamonds and timeless, they were lying in mother earth for millions of years, found and polished, there is no "used" diamond, if it is whole with no chips there is just one thing to do - making a new certificate.What does Whiteflash and Tiffany do with trade ins? Do they clean them and sell them again as new?