Trade up Percentage

[pyramid]

I know that many vendors on here will give you a 100% trade up price on your previous diamond if you bought if from them. Does anyone know if they only buy diamonds they previously sold?
Also does anyone know what the trade up percentage other jewellers would give you if you trade up to a larger diamond with them?

 

[strmrdr]

yes most only buy diamonds they previously sold for anything close to a reasonable price if at all.


It depends on how much your spending most places.
Trade a 1ct diamond in on a 3 ct and you might get 100% of what you paid for it at a lot more places than moving from a 1ct to a 1.5.

In other words it varies all over the place.

 

[pyramid]

Thanks strmrdr

 

[WinkHPD]

I will always take your diamond in trade, no matter where you bought it, but.....

What I will give you will depend on many things.

If the stone is a piece of drek, then I will offer very little. If you are going from a .75 to a point .85, then I will decline the opportunity to do so, thus negating my previous statement, unless I am allowed to offer you very little.

If you are trading in a one carat H&A cut stone with AGS or GIA certificate towards a three carat then you will get the full value of what I would sell the stone for today towards what I am selling you the larger stone for today.

In other words, and this is just for my store, I assume that each dealer will have their own rules, what you want to do will affect what the selling vendor wants to do, and what the selling vendor CAN afford to do. The information explosion has reduced the profit margin in diamonds to a fraction of what it was ten years ago. Unless your vendor is sitting with a vault full of cash, then those much smaller margins will affect what he can do and what he is willing to do on a trade in.

"Communication is the answer to the question," goes the old song and it is just as true today as when it was first sung. Tell your vendor what you want to do and see what he wants to do back. (Beattles, late 60's early 70's, unless it was someone else at about the same time, I am NOT a musicologist.)

For example, I will gladly trade your .50ct at full today value for any stone of .85cts or larger, but I could not in my wildest dreams afford to buy back your 10ct towards a 20ct when I might be allowed to make only a small profit on either stone. I would have to mortgage my house to pay for the 10ct (provided it wasn't very nice, I have a nice house in an area of low real estate values) and I might own the stone for many years before I found another buyer in this area.

Just my thoughts...

Wink

 

[pyramid]

Thanks Wink

 

[WinkHPD]

Yikes! I made a serious mistake in my comment this morning. I will take your stone in trade provided you can prove to me it is yours. I would like a receipt of purchase, a copy of the will, etc.

The way I stated it made it sound as if I did not care if it was hot or what ever. In fact after serious reflection on this, I am thinking that it might not be a good idea for me to take trade ins on stones I did not sell from internet clients because I have NO WAY to verify where they came from.

As a hometown guy I know most of the people who walk into my office for many years and it is easy to say no to a stranger who wants to trade in something and who can not verify in some manner.

On the internet I have no way to verify for most stones, and especially now that conflict diamonds are becoming an issue.

What do some of you other vendors do here?

Wink who thinks there may be a can of worms here...

 

[Iceman]

FYI ~ A consumers best market to sell a diamond is not ~ A Jeweler ~ A pawn shop or the paperboy next door. Your best market is willing buyer willing seller.


Corey J.