(Closed) How to choose a diamond… in my humble opinion :)

posted 8 years ago in Rings
Post # 17
Member
4802 posts
Honey bee
  • Wedding: August 2012

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@obsessivebee:  This is what I was trying to say.

Post # 19
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183 posts
Blushing bee
  • Wedding: June 2011

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@mdoodles:  I am not assuming all people who sell diamonds are doing so as a result of unfortunate events. I personally know several people who have upgraded, changed rings, etc. I am simply saying that if someone does sell a diamond he/she will very likely not get what was paid for it unless they were a very savvy shopper and bought used. In which case, the person they bought it from likely lost money.

Secondly, I am not saying you shouldn’t get the best deal you can. If I was going to buy a diamond, I would only consider used for this very reason. I still realize that the person I would be buying it from would likely be losing money compared to what they paid (unless they bought it from someone else like I mentioned above); however, this doesn’t bother me because they couldn’t get any more money from a jeweler, pawn shop, or another savvy shopper.

I don’t want to argue either, but what stats are you seeing that say a diamond is an investment? I have personally never seen anything that suggests this (other than diamond owners and even they are usually sorely disappointed if they ever go to sell their diamonds). Here are just a few sources that show that diamonds are not investments nor have they ever been (at least in modern times):

http://www.dnaindia.com/money/report_how-good-a-friend-is-your-diamond_1369083

http://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/4575/

http://diamondssuck.com/

These are just a few sites I found after a quick Google search. There are many more out there. I’m not saying your diamond is “worth” any less. Diamonds, particularly engagement rings, are generally an investment in a relationship so they have sentimental worth to many people. They just don’t have much worth as a financial investment.

*This does not include people who buy diamonds from jewelers who have upgrade policies. These people are often able to get the money they paid back if they upgrade (providing the jeweler stays in business). I am only talking about those who choose to outright sell their diamonds.

Post # 20
Member
1595 posts
Bumble bee
  • Wedding: May 2013

“Also, how do you 100% ensure you aren’t the loser in the deal when you go to sell it the way the person you bought it from was? “

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@obsessivebee:  Oh I totally agree with you, most people don’t buy preowned (or don’t realize the stone may have been preowned when the jeweler sets it) and although diamond prices will rise over time- as anything does- Dabeers has such a monopoly over the supply that I wouldn’t consider it an investment either (since they are the ones controlling the supply and demand- not the natural market to as great of an extent)! BUT, to answer your question- I only buy jewelry I KNOW I can resell based on my own knowledge of diamonds and/or designer jewelry where the same pieces are selling for more on a known platform (ie: ebay)…

For example…last semester I bought a Tiffany engagement ring (.51 carats) for $850- ebay was selling similar rings for around $1400- I managed to sell it to a man in NYC for $2350. I just bought a Tiffany wedding band for 2K, the same one which retails at Tiffany’s for $4850 + tax and is currently listed on ebay for $3,600 (which means I would most likely be able to actually sell it for $2800)…just like any buying/selling business!

ALSO, we were competing against a jeweler to buy my e-ring from an individual seller…it was back and forth with the seller, like a bidding war- the stone is GIA certified and in a designer setting, so we knew exactly what we were getting. My SO offered $500 more and the jeweler just let us have it 🙂

Post # 21
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183 posts
Blushing bee
  • Wedding: June 2011

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@Dell79:  That is great! Congrats on winning that piece. I love Tiffany jewelry, and I seriously considered buying a preowned piece like you’re talking about. You’re completely right about that being the right way to buy. I just don’t think many people are going to be as savvy/lucky/dedicated to the research as you. So, it’s a great idea for someone who has the know-how, but not the general public. 

Post # 22
Member
1595 posts
Bumble bee
  • Wedding: May 2013

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@obsessivebee:  Yes!! and guess what? EVEN Tiffany diamonds have fluorescence!!! 
 

@ the OP- You can see that this one has medium blue fluorescence if you zoom into the certificate on the ebay listing:

http://www.ebay.com/itm/Tiffany-Co-Platinum-2-23ct-D-VS1-Round-Diamond-Solitaire-Engagement-Ring-/160776233684?pt=Designer_Jewelry&hash=item256f02a2d4

I think that pretty much sums this argument up ! 🙂

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