What happens to the trade ins?

[Cehrabehra]

So..... just curious.... what happens to the trade ins? Typically stones cannot be resold at the same price, and we know some of these vendors do a LOT of trade ins.... so like, taking mara for example... she''s had a few trade ins.... do they get resold at current market price and the consumer is none the wiser? I don''t think it would bother me to have a trade in so long as the polish was still immaculate... but what???

 

[Stone Hunter]

Regular jewelry stores take them out of the setting and polish them if needed. Then they mark them up and resell them.

I guess the internet vendors do the same.

 

[Lynn B]

There've been discussions about this before, I'm sure you'll find a lot of reading pleasure

if you do a search.

But yes, basically, traded-in diamonds are examined, usually re-certed, and then resold at current market value. Most of the time the new buyer is none the wiser.

 

[Cehrabehra]

Date: 11/4/2006 10:57:37 PM
Author: Lynn B
There''ve been discussions about this before, I''m sure you''ll find a lot of reading pleasure

if you do a search.

But yes, basically, traded-in diamonds are examined, usually re-certed, and then resold at current market value. Most of the time the new buyer is none the wiser.

I never thought to search THIS topic!!! I thought I''d seen everything already lol!! Okay, I think the key here is *RE-CERTED*! That way you just never know... interesting!!! Though kinda unfair that they can resell like new and we can''t!!!

 

[diamondfan]

From experience I know Tiffany''s sells them on the secondary market...such a shame, because my three stone ring that I traded was amazing and it was not nice for me to think it was just going to be taken apart and shipped off...