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By inspired hearts, our jewellery is consciously made to look and feel good on your skin. How do you care them? We will help you.

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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. 
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. We suggest that you do thorough internet research and check out the minimum-maximum price range of reselling your diamond at different places before finalizing on one.

  • 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.