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. A lot of people have tried being in a situation of losing a significant percentage of the value of their diamond years after buying it from their favorite jewelry store. Most of the time, the percentage of diamond value that they lose starts at 20% or more by the time they want to resell it or upgrade. Like most people, you may be asking why such a thing happens. Can you do something about your diamond investments not losing a great deal of their value? If you want to ensure high diamond resale value, you need to make sure to increase the value of the diamond before buying it. You do the same thing as a diamond seller. Here are a few tips in ensuring high resale value of diamonds before selling them.
Buying certified diamonds is one way to guarantee they have high diamond resale value. If you are going to purchase a diamond, you need to make sure that it comes with a Diamond Grading Report from any reputable laboratory that does diamond grading. The Gemological Institute of America or GIA is one of the most recognized diamond grading laboratories in the US. 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 is a crucial tool for customers when purchasing diamonds. Without this certificate, they will not know the characteristics and real value of a diamond.
On the same note, you need to keep your diamond certificate with you when the time comes that you plan on selling your diamond to a diamond buyer or jewelry store. When you don’t have this certificate, all characteristics of your diamond like its clarity and color will have to come from the word of the sales associate. Sometimes, you may end up getting a lower price for the diamond you are selling them. You can only guarantee the true value of your diamond if you can show a diamond grading report. Only with this paper can you get a proper diamond resale value for what you are selling.
Another way for you to get a better diamond resale value is to check for similar diamonds before selling them. 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. Most likely, you will find one for sale that is very similar to what you have. Get into the finer details of the diamond for sale and check what other stores are offering for this diamond in terms of price to get an estimate of its diamond resale value.