Used Diamonds: Supporting Diamond Industry?

posted 3 years ago in Rings
Post # 3
Member
3941 posts
Honey bee
  • Wedding: June 2014

My FI and I were considering a diamond from Brilliant Earth.  We agreed we would feel good about their sourcing of the diamond and of the gold.  

As it turned out, we ended up using a family heirloom diamond from 1907.  We don’t know the source (the country it was mined in)  but love the story and that it was in his family for such a long time.

 

Post # 4
Member
11772 posts
Sugar Beekeeper
  • Wedding: May 2013

@MerryWidow:  I have no problems with supporting the diamond industry (almost all jewelers refuse to trade blood diamonds in the US).

That being said, I guess it depends whether you get it at a pawn shop/ Craigslist or used from a jeweler.

I would assume buying it from a jeweler would still be supporting the industry, while buying from a pawn shop (that sells everything) or on CL (just Jow Schmoe selling a ring) probably wouldn’t… Unless the pawned the ring to buy a bigger one!

Post # 5
Member
6407 posts
Bee Keeper

Yes, it is. Less so than buying new, but not by much.

Even if it was a direct sale from one wearer to another (no industry middleman/middlewoman) the wearing of the diamond (or something that could be mistaken for a diamond) is the key aspect in supporting the industry. It sets social norms, and that fosters demand. That’s why companies are always giving celebs free stuff. We may not be celebs, but we have more influence on society and others’ perceived norms than many of us are aware of or want to focus on.

Post # 7
Member
748 posts
Busy bee
  • Wedding: December 2012

I would feel conflicted going out to purchase a diamond. I do own some diamonds but they’re mostly heirlooms. I don’t wear them really but I do feel odd considering wearing them. If anything with older stones you don’t know where they’ve come from! If someone died mining it back when no-one cared does that make it less a “blood diamond”?. Hmmm

If I were to buy a diamond I’d be more likely to get a Canadian diamond. I would research the environmental impact first though because I tend to disagree with mining in general (coal, oil, gemstones, metals etc) and use recycled whereever possible. I’ve heard rumour the canadian mines do a good job at that though which if true is good to hear 🙂 

 

Post # 9
Member
8909 posts
Buzzing Beekeeper
  • Wedding: August 2013 - Rocky Mountains USA

@MerryWidow:  I don’t think that buying or having a used diamond supports the diamond industry.  They were usually passed down or sold NOT to be replaced, but because someone needed the money or just wanted to pass it on.  I have an heirloom ring and this is one of my favorite aspects of it.

@Anardana:  I’m sure people did still die when the diamond was originally bought, but the damage is already done by the first person who bought the ring.  By using the used one instead of a new one, you’re preventing an additional diamond’s detrimental effects.

Post # 10
Member
5483 posts
Bee Keeper
  • Wedding: October 2013

@lolot:  I agree with your last comment. Is it ideal? No. But I know people feel the same way about e.g., fur/leather. Wouldn’t go buy it new but if it was a hand-me down ….. maybe wear it.

Post # 11
Member
3112 posts
Sugar bee

@MerryWidow:  I think that buying used still supports the industry, but to a lesser degree.

Post # 12
Member
3200 posts
Sugar bee
  • Wedding: August 2011

I own diamonds, ashas that look like diamonds, CZs, and an antique diamond ring from the 1940s.  I do not believe the Kimberly project is eliminating the blood diamond problem.  I think it is just making the criminals work harder and they will go to any length for their ill-gotten gains.  

I don’t know what the solution is.  I’d like to say that I would boycott the whole industry but I do not think that would have much of an impact and it would deny me something I truly enjoy.  Globally I do not think we will ever walk away from diamonds.  It is too engrained into multiiple cultures.  

I’d like to think that my ring from 75 years ago is not supporting the industry but we do influence others with our decisions.  I just don’t know.

Post # 13
Member
10384 posts
Sugar Beekeeper
  • Wedding: September 2010

Buying used means buying from a secondary market that is fueled by the primary market, so yes, buying used does support the diamond industry. I already think diamonds are kind of a waste of money, given that they are inanimate and don’t really serve a purpose other than to be a social signal (“Look! My SO bought me a really expensive useless item! He must be serious about our relationship!”) and to be pretty.

If I had known about Moissy before we got engaged, I would have gone that route. I have a very modern e-ring that has a small uncut diamond (ie very very cheap but also very interesting).

Post # 14
Member
748 posts
Busy bee
  • Wedding: December 2012

@lolot:  Don’t get me wrong I don’t think it’s causing additional harm. I just wouldn’t want a diamond someone had lived and died in misery for. I suppose really it’s just like superstition. 

Post # 15
Member
4494 posts
Honey bee
  • Wedding: November 2012

I think you’re supporting the industry, but less so when you buy a used diamond.  Most diamonds depreciate when they’re bought new (much like a new car depreciates once you drive it off the lot), so I think buying used diamonds is a smart way to go.  I also think it’s a more ethically conscious decision, since you’re re-using something that’s already on the market.

Post # 16
Member
347 posts
Helper bee
  • Wedding: July 2013

@joya_aspera:  +1. Wearing a diamond ring continues the tradition (or forces the obeyance, depending on how you want to look at it) that diamonds are the only stone that should go into an engagement ring (or even that you need to have an engagement ring in the first place).

The more people that wear diamonds, means more people will think diamonds are a must, means more people will buy diamonds.

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