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Do Diamonds Have Resale Value?
A short answer to this question is a straight yes.
A long answer to this question will take you through the basics of trading in (buying and selling) diamonds, but the answer will remain yes. However, the resale value of diamond jewellery or loose diamonds does not fluctuate like the price of gold. Instead, it depends on the demand and supply of these precious stones.
Here are all the factors that impact the resale value of diamonds:
- Diamond Grading Certificates
Trustworthy diamond jewellery is always the
first choice for every buyer. While buying a diamond (loose or in the jewellery)
always ask for grading certificates (GIA, SGL, DGLA, or IGI) that states that
the diamond is real. These certificates prove the authenticity of diamond
stones, their carat weight, their cut, clarity, colour, and shape. The resale
value of any diamond rock highly depends on these certificates.- 4Cs of Diamond
If you own even one diamond ring or
jewellery item, you would know about the 4Cs of diamonds: cut, clarity, colour,
and carat. Melorra has a dedicated guide to the diamond’s 4Cs, which you can
read to understand the concept. The higher the clarity/carat of the diamond, the
higher the chances of reselling it. All these aspects are mentioned in the
diamond grading certificates mentioned above.- Resale Market
Just like choosing the right diamond is
imperative to gaining a resale value, picking out the right market and time to
sell your diamond is equally essential. From auctions, retailers, and pawnshops
to jewellers, reselling a diamond depends upon a variety of factors. - Diamond Procurement
Where you decide to buy the diamond is
equally important to where you sell it. A branded diamond necklace is always
going to sell for a lower price compared to its cost price as big brands add
their reputation and marketing money into the diamond’s value. You’re expected
to lose around 25% to 50% of the diamond’s cost value if you try to sell it in
the market.The resale value of diamond indeed depends on several factors and does not simply fluctuate like gold rate. Typically, you should expect to resell your diamond at 25% to 50% lower than the price you bought it. However, exceptions do occur; if the diamond shape is highly unique or the diamond colour is very rare, you need not drop the price to a significant low. But negotiating the deal requires people’s skill, of course. You can also explore the range of gold coins on our website.
