What happens to original diamonds when someone upgrades?

[EAB]

Just wondering what the vendors do with the original diamonds when customers trade in for an upgrade? I would think they’re not put back into inventory with new stones. Are they sold in a different market than what is offered at the retail level?

 

[Txborn79]

Just wondering what the vendors do with the original diamonds when customers trade in for an upgrade? I would think they’re not put back into inventory with new stones. Are they sold in a different market than what is offered at the retail level?

Most of the time they are recerted and put back into inventory. If there is any damage, they will be fixed/polished and put back. The only way to guarantee that you get a diamond that no one else has had is to get it cut to order

 

[whitewave]

Many times they are recertified and put into inventory. All diamonds are really old.

 

[Pecel]

I believe even the certification lab is unaware it is recertifing the stone b/c the previous laser inscription is most likely polished too before sending to the lab.

 

[lovedogs]

Yup, re certified to make sure no damaged and then sold.

 

[John P]

This is a group of smart people.

Martin Rapaport once quipped - "There are more diamonds coming out of South Florida than South Africa."

In the gen-pop, reputable jewelers will pass a diamond returning from circulation through a grading lab to confirm condition and get a new report.

 

[headlight]

This is a group of smart people.

Martin Rapaport once quipped - "There are more diamonds coming out of South Florida than South Africa."

In the gen-pop, reputable jewelers will pass a diamond returning from circulation through a grading lab to confirm condition and get a new report.

John, would the original report # remain if the stone's condition has not changed?

 

[John P]

John, would the original report # remain if the stone's condition has not changed?

It depends on the service requested. If requesting a report update - confirming status with a fresh date - the report-number will stay the same. A new report can be requested for a higher fee, and the diamond will receive a new report-number in that case. But if the old report-number is still inscribed on the diamond that fact will be noted in the new report's comments section.

 

[monipod]

Unlike a second-hand car, it's unlikely you'll inherit any problems caused by last ownership. If it's bad 'ju ju' you're worried about, I'd look into getting a freshly cut rough.

 

[headlight]

It depends on the service requested. If requesting a report update - confirming status with a fresh date - the report-number will stay the same. A new report can be requested for a higher fee, and the diamond will receive a new report-number in that case. But if the old report-number is still inscribed on the diamond that fact will be noted in the new report's comments section.

Thank you!

The diamond in my avatar has a GIA report dated in October of 2018, and I purchased it 3 mos later in January of 2019... the jeweler told me it was a newly cut (and, subsequently, newly graded) diamond... I would think that sounds legit but maybe it was a stone already “in circulation” and was just re-certified at that time??? It is laser inscribed with the report #. The jeweler thought it was cool/special/something along that line that I was getting a “new” diamond. Does this seem like it was “new in circulation”, or could it have been a re-cert? (It doesn’t make a difference to me either way; I don’t have any issue with a stone that belonged to someone else prior.)

My sister-in-law, who became engaged in 2011, has one of the old reports (blue), and that report states on it that it’s a duplicate. So it appears that the stone must’ve been “pre-loved”, yes?

I also have a GIA emerald cut with the old (blue) report that I purchased a number of years ago... when did the reports go to the “brownish” color?