4 Reasons Why Reselling Diamonds is a Good Idea

 In Blog

While it’s true that diamonds lose a lot of their retail value immediately after purchase, that doesn’t mean that there’s no reason not to sell them. You’ll find that a lot of diamond jewelry and pieces are incredibly valuable even years after purchase, despite the hefty markup placed by the initial retailer.

A gorgeous diamond bracelet ready for sale.

If you’re on the fence about selling your diamonds and are wondering if it’s the right decision for you, here are some reasons why you should consider it more seriously:

 

1.     It’s easy, fast cash

All of us experience a financial crunch and need money at some point. Not everybody has the reserves for a rainy day or assets that are liquid enough to sell immediately.

 

Diamonds, however, can be sold fairly quickly in exchange for cash. However, don’t just go for the first offer that comes your way; look for a reliable buyer.

 

2.     They continue to depreciate fast

Diamonds will always depreciate, especially if bought for personal use. You’ll need to move fast and make a decision about what you want to do with your diamonds because the longer you hold onto them and use them, the lower their value gets. If you’ve inherited or owned diamonds as part of your personal collection, look into resale options while the market is hot.

A simple yet well-made diamond ring with a large stone in the center.

 

 

3.     You don’t really use the pieces you own

Another major factor to consider is the actual usage of the diamonds. Apart from wedding rings, basic necklaces, and earrings, how often do you really wear that expensive choker or cuff?

If your answer was rarely or never, you might want to consider selling it for something that’s more practical, wearable, and more in line with your tastes and preferences.

 

4.     They remind you of difficulties

If a diamond ring reminds you of a soured relationship, or a necklace is a painful reminder of a lost loved one, maybe it’s best to let that piece go. Instead, you can have it reset or upgraded for something you like or feels more positive to own. Consider our upgrading services for this, and learn to move on without it.

If you’d like to take the leap and sell diamonds in NYC, contact us, and we’d love to help you! We’ll connect you to the best diamond buyers in NYC, where you can sell diamond rings, loose diamonds, and much more for great prices. Be confident in your decision, and know you’re receiving the best possible bargain!

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A row of loose diamonds photographed from closeup.An engagement ring made of diamond.