Question about diamond value

[dianeturpin]

Hello,
I’m selling a ring to a company that flips jewelry for profit (think consignment) and I have a question.

The ring I’m selling has a .51 carat round brilliant diamond with excellent specs and several other smaller diamonds (14x2.2mm and 48 diamond melee a these I’ve been told are worth nothing). It has 9.9 grams of 14k white and rose gold. Its replacement value is appraised at $9,000.

The consignment company will give me $1,100 for it (most of that is based on current value of gold). I tried to sell this ring back to a jeweller and they came back with worse values ($400-$600!!).

Can anyone explain why it’s worth so little in jewellers eyes? I didn’t invest in this ring for financial reasons and I’m only selling it because of bad memories, not to “make” money off of it, but I’m surprised at how little it’s worth.

Thanks!

 

[maryjane04]

The replacement value is often over inflated. If the consignment company is giving you $1100 then the real value of the ring is probably around ~$3000. I just did a quick search for 0.5ct round ideal F VS2 from Bluenile.com and you could get the diamond for $1000. The ring itself may have cost a bit to make but pre loved items you'd probably only get 30% back on what you spent.

 

[freddyboston]

melt value is is more like $450 so consignment is giving you add'l $650 for the .50 ct and setting....

 

[Dreamer_D]

That sounds like a pretty good value for what you have. I’m sorry the insurance appraisal misled you. I bought a diamond ring on eBay earlier this year for $850 and my insurance appraisal was like $5500. I suppose that might be what they would sell it for at a high end retail establishment, and that is the value insurance replacement usually reports. But I also know if I sold it like you are trying to do I’d get much closer to the $850 I paid. And that is what it is worth on the secondary market.

 

[dianeturpin]

That sounds like a pretty good value for what you have. I’m sorry the insurance appraisal misled you. I bought a diamond ring on eBay earlier this year for $850 and my insurance appraisal was like $5500. I suppose that might be what they would sell it for at a high end retail establishment, and that is the value insurance replacement usually reports. But I also know if I sold it like you are trying to do I’d get much closer to the $850 I paid. And that is what it is worth on the secondary market. geometry dash lite

Thanks for your answer. I got it,

 

[Bron357]

Unfortunately those valuations for insurance, especially those provided by the seller, are only to assuage your feelings and help your insurance company make more money charging you higher premiums based on an exaggerated value. No bearing on reality when it actually comes to selling a pre owned diamond engagement ring.
While you paid for workmanship, taxes and shop salaries, costs and their profit, in the pre owned market its value is just its components plus a little.
No 1 problem is very few people have any interest in a pre owned diamond engagement ring so in the pre loved market you are basically looking at gold melt value plus a little and the current wholesale value of the diamonds.