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:
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 by the following measures:-
The resale value of any diamond rock highly depends on these certificates. Resale Market
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.
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 various factors.
Most importantly, the right time and market demand determine the value you would receive by reselling your diamond jewellery in any of the places as mentioned above. Do thorough internet research and check out the minimum-maximum price range of reselling your diamond at different places before finalizing one.
Where you decide to buy the diamond is equally important to where you sell it. A branded diamond necklace will always sell lower than its cost as big brands add their reputation and marketing money to 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 diamonds 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.