Question on what happens to upgraded diamonds?

[Lisag103]

Hello,

This may be a silly question but I have always wondered what happens to the diamonds traded in when someone upgrades using an upgrade policy with a vendor. Are those diamonds put back in stock and sold on to customers as new or are they sold as preloved? Anyone know what happens?

 

[missy]

I believe they’re put back into inventory. It depends on the vendor as some list it as pre loved but more often than not once it’s checked and deemed as good as new it’s put back into the inventory.

 

[oldminer]

I feel sure that if anything needs to be fixed or repolished, those matters are handled before the diamond is offered again to consumers. The vendor always has a choice to wholesale a trade-in rather than offer it again for retail sale. Some other vendor then might have such a diamond for sale at retail. There are several ways for a diamond to get back into circulation.

 

[whitewave]

Generally speaking, after the diamond is checked for any damage, the diamond might (or might not) get a new certificate and put back into inventory.

(If you see a certificate from 2014 for instance, that diamond is likely a trade in...)


The diamond is considered new. The setting is preloved. The diamond dealer could lose money on it if diamond prices are down, etc.... diamonds are a commodity.

 

[La2020]

Generally speaking, after the diamond is checked for any damage, the diamond might (or might not) get a new certificate and put back into inventory.

(If you see a certificate from 2014 for instance, that diamond is likely a trade in...)


The diamond is considered new. The setting is preloved. The diamond dealer could lose money on it if diamond prices are down, etc.... diamonds are a commodity.

I see.. Does that mean that the diamond with new certificate might not guarantee that it's new too?

 

[lovedogs]

I see.. Does that mean that the diamond with new certificate might not guarantee that it's new too?

Yes. Because "new" doesn't really mean anything for diamonds. None are "new" in the traditional sense.

 

[foxinsox]

I see.. Does that mean that the diamond with new certificate might not guarantee that it's new too?

Unless it’s cut to order for you or you’ve got information to be certain of its provenance, assume that all diamonds are not ‘new’ as in you being the first owner.