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Question about diamond resale

J

Junc80

Rough_Rock
Joined
May 6, 2018
Messages
79
Hello,

What is the best way to do a resale on a diamond for professional and reliable way and to maximize getting your money?

It is a GIA certified "good cut" stone, no brand.

Where can I get information on how much I can expect to get back if selling it back?

Thank you all for your help.
 
Resale is going to vary wildly based on where you are, the 4Cs, the overall condition of the diamond, the characteristics of any inclusions, and how old the grading report is.

Usually I tell folks to expect anywhere between 30-60% of full retail value based on those factors.
 
Can you post the GIA report number?
 
pre-loved forum Or dare say eBay. Or consignment with local store. It's hard.
 
Generally speaking, its very hard to sell a loose diamond as an “ordinary person”.
Even with a GIA certificate, given the number of scammers and scams out there, people are very reluctant to hand over their money unless they are sure they’ll get what they think they will.
And even as a seller you can be scammed by fake buyers. insisting they never got it or it wasn’t as stated or worse asking for a refund and sending back “something else”.
At best you can realistically expect about 40% or less of what a comparable diamond sells for on say James Allen.
If it’s a big diamond and/or has high specs ie G colour VVS or better clarity, selling will be easier but you’ll still cop a big loss on the purchase price.
 
Hi Op, looks like everyone has given you some good advice already. You could also perhaps use some consignment options with some retailers.

1. Pre-loved site ( looped)
2. Consignment stores
3. Re-sell it to the people you purchase the stone?
 
kathness said:
Hi Op, looks like everyone has given you some good advice already. You could also perhaps use some consignment options with some retailers.

1. Pre-loved site ( looped)
2. Consignment stores
3. Re-sell it to the people you purchase the stone?
Click to expand...

Yes they did. Thank you all!
 
You may also want to see if any of your local jewelry stores are interested in purchasing the diamond. I had good luck selling my 1 ct oval ring to a local store. But it was a really nice diamond (one of the few I've ever seen with no detectable bow tie, F VS1)
 
Selling back to an established dealer is likely the safest way to liquidate. If you think about it, facilitating a sale of a high dollar item to a stranger is daunting. Either the buyer has to trust you and send the money in advance.... or maybe an in-person meeting ( sounds very dangerous).
But, in general, selling to a dealer will yield much less than selling privately. Nice to hear @RunningwithScissors had a good experience- however, I think that's rare.
Here’s a good way to visualize selling a diamond back into the trade:
There are dealers with piles of cash just waiting for people who need to sell diamonds. But the only reason they will part with any of those Benjamins is that they will be buying well below wholesale. After all, they can buy a diamond wholesale anytime.
Not to discourage anyone- but rather to help so people don't get shocked.
 
Sell to a jeweler. I had diamond studs once that I wanted to replace. I went to a local jeweler and they offered me a price. I took it and never looked back. Next time you buy a diamond, come here first. Top cut diamonds can sell for a higher percentage of value. I've sold a couple of those and lost far less money.
 
tyty333 said:
Can you post the GIA report number?
Click to expand...

Thank you for your response. I am discovering it will take much time to find it at this time… i will be mindful to go straight to a jeweler if I decide to do this. Thank you!
 
Just hypothesising, but if it’s a GIA “good”, is it possible that it is a transitional cut rather than an MRB? I’ve seen some transitionals have a GIA report that give it a “fair” or a “good” because they’re judging based off of different parameters. If it is, then the selling methodology will change imo - you may not get a brick and mortar vendor to understand what you have, and at that point perhaps consignment is the better approach.

If you could post the GIA report and a couple of decent pics of the faceting you could get a better answer.
 
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when I purchased this, I had picked out a 1.25 carat diamond that fit in ideal proportions provided by Todd? Nice ice online.. not this diamond.

And I really wanted the larger size… and when I compared this stone to the 1.25 carat ideal cut stone, the one I currently have looked more firey. No one may believe it but I looked in all lighting all day. And I made a rookie mistake of putting this in that cut advisor calculator and my current stone yielded good results.

At the end of the day, I spent $2k more to get this “good cut” over the .25 carat less ideal cut.

Also, when I was shopping back then, most si1 and even vs2 stones 1.5 or greater in carat- was impossible to find eye clean when my wife would look with her glasses on. She can spot anything and it was pretty frustrating.

This one was eye clean and continues to be..

Maybe pricescope pros can help me understand this…

How did my wife and my eyes prefer our 1.5 carat good cut think it had more shine and fire over the ideal proportioned stone?

We may have really wanted the bigger stone and maybe we just went for it?

Btw we did spend one year looking at stones every weekend so we were not a newbie in looking at stones in person. Thank you all for your input
 
Sadly a trade offer is going to be based on a recut which is going to lose a lot of weight and has a chance of ending up in i1.
The salability as is right now is very low and may not improve with a recut.
 
Thank you Karl for your feedback.

Just trying to get feedback like this to make an informed decision so thank you
 
Junc80 said:
Thank you Karl for your feedback.

Just trying to get feedback like this to make an informed decision so thank you
Click to expand...

sorry I didn't have a happier answer for you.
 
depending on how much we can get for it we wanted to get a lab created diamond to replace it and get some money in the bank. After getting some feedback it seems like it is wiser to keep it
 
While there are some jaw-dropping lab growns on this forum, I don't see them holding value like a mined diamond. Diamonds are never a good investment for a private individual and I kind of see you throwing good money after bad here. Cut good, bad or indifferent, you have a diamond you both like.
 
Ibrakeforpossums said:
While there are some jaw-dropping lab growns on this forum, I don't see them holding value like a mined diamond. Diamonds are never a good investment for a private individual and I kind of see you throwing good money after bad here. Cut good, bad or indifferent, you have a diamond you both like.
Click to expand...

An LGD holds its value in trade-up power, as long as it is purchased from the right seller. In that regard, the difference between retained value of an EGD and retained value of an LGD becomes a bit moot.
There is a certain mystique and allure that only an EGD can give: a gift from the earth hundreds of millions of years in the making.
Of course, hundreds of millions of years from now that, too, will be rather moot since both EGDs and LGDs of today would be amongst the oldest things around. I don't think I'll live long enough to experience that, but I'm going to try my best.
 
Thank you all. You have all been extremely helpful. Thank you so much
 
Junc80 said:
How did my wife and my eyes prefer our 1.5 carat good cut think it had more shine and fire over the ideal proportioned stone?
Click to expand...

This!
Somehow it got translated that "Ideal Cut" is objectively better. Period.
Except, judging the beauty of a diamond is subjective. And it always will be.

Even the words "shine" and "fire"...completely subjective.
Yet, the facts and figures, scientific assessment is much easier to latch onto.
From the very beginning of this discussion almost 20 years ago, I strongly object to the use of the word "Ideal".
Can anyone see the difference by eye between EX and VG symmetry? It's not possible for the human eye to distinguish.
But add 2mm? That's very easy to see.

The point is that your existing diamond can be gorgeous ( subjectively)- and still get knocked with "good" cut grade by GIA
 
Re the original question. If you are also looking to purchase you may be able to negotiate an overall deal with a jeweler. Even more room for negotiation if you also trade a stetting in precious metal. I have done this a few times in person but not online.

Re subjective beauty. Totally agree. I have some GIA “ideal” cut diamonds that do not measure as super ideal but I love them. I also like pastel colored gemstones and weird rocks from Etsy.
 
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