If there is one thing people in the diamond industry are always complaining about, it will have to be that diamond resale values are not that high. Many people get in the situation of buying a diamond from a jewelry shop at a high value only to learn that years after, the diamond has lost a great deal of its value. Usually, the value in percentage that they lose from their diamonds is about 20% or more when the time comes that they want to upgrade or sell their diamonds. For many people, this concept is quite mind-boggling. Is there some way for you to prevent significant losses from your diamond investment? Before you consider buying any diamonds from jewelry stores, it is vital that you look at factors that will help increase the diamond resale value. The same goes if you are going to sell your diamonds. This article will shed light on the importance of diamond resale value on the part of the diamond sellers and buyers and things you can do to increase it.
One of the best things that you can do to get high resale value of diamonds is to buy only the certified ones. Before you invest in diamonds, you have to check if they have a Diamond Grading Report coming from an excellent diamond grading laboratory. In the US, the most well-known diamond grading laboratory is the GIA or Gemological Institute of America. Laboratories like the GIA receive diamonds and do some inspecting and testing on them to certify that the stone is of a particular Clarity, Color, Cut, Carat Weight, and the like. This certificate serves as a vital tool for customers who are buying diamonds. This certificate is essential because it serves as proof of the characteristics of the diamond, and essentially, its value.
In addition, if you are thinking of selling your diamond to any diamond buyer or jewelry store soon, you need to keep your diamond certificate so that you will have some proof to show them. If you don’t have this proof, you have to take the word of the sales associate in terms of the clarity, color, cut, etc. of your diamond. And this can turn sour because they may lower the resale value of diamonds you are selling to them. The existence of a diamond grading report is the only thing that helps determine the true value of the diamonds you are selling. It is your only assurance of getting a high resale value of diamonds you are selling.
Prior to selling your diamonds to interested buyers, it helps if you look at diamonds similar to what you have. One way to get an estimate of the resale value of diamonds is to act as if you are the one buying the stone. You will find plenty of diamond resources online that list thousands of diamonds based on description. For sure, you will find a similar diamond for sale. Look into this diamond further so that you will have a rough estimate of how much buyers or jewelry stores offer for them.