Style # YJS6501
If you’ve been reading the paper, watching television or even your in-box you’ve seen and heard, ‘Sell your diamond and gold jewelry for a profit!’ And I’m sure that many have noticed that these commercials are on the rise. I’m sure the one question that runs through everyone’s mind; how do you know that you’re getting the right price, a good deal, etc. Well, it can be tough to tell. Retail prices for diamonds and for gold jewelry like most commodities rise and fall based on market demand and availability. In most cases, large stones will appreciate but only those that are deemed extraordinarily rare or are in short supply. The bottom line? Buy jewelry for sentimental reasons not as an investment. If your intention is to invest in diamonds, seek out professional assistance and make sure you read all the fine print. Below are a few tips to consider when purchasing or should you choose to sell your diamond engagement ring or diamond jewelry.One: For an engagement ring
, make sure the diamond is certified
. This will assist you later whether its lost, stolen or should you decide to upgrade. The certification aids in determining the value of the diamond. GIA (Gemological Institute of America)
is the leading authority on diamond grading and certification but EGL (European Gemological Institute)
and AGS (American Gem Society)
are all other reputable organizations that provide diamond certifications. Two: If selling a piece of diamond jewelry
, do you your homework. Check current pricing trends and seek out professional advice. As mentioned above during times of economic recession prices for larger stones may actually drop because they are becoming more plentiful on the market. If should you decide to sell a piece of diamond jewelry; it is strongly recommended to seek out professional advice. Three: If you’re in the market to purchase a diamond engagement ring
. During economic recessions larger diamonds become more plentiful and thus market prices tend to drop. While this is not an absolute, shopping around will help you save money in the end. Compare prices for similar diamonds be certain to also take into account if the diamond is certified and by whom. The price will fluctuate slightly between a GIA, EGL or AGS certified diamonds, make certain you are comparing apples to apples.
Style Code GR1519
Four: Decide on a budget and stick with it. I know this sounds simple enough but, this is an exciting time. You’ve decided to get married! It’s easy to get caught up in the excitement of the moment. Keep in mind, most retailers will allow to upgrade
your diamond engagement ring
. Check with the retailer about their upgrade policy if you think that you would want to upgrade in the future. Five: If you are forced to sell your diamond engagement ring
. Seek out professional advice as the diamond
may actually be worth more out of the ring’s setting. A professional can guide you through these waters. Please keep in mind, the ring you purchased 3 years ago may not be as valuable today due to market conditions. Keep an open mind and ask what factors are affecting the diamond and gold pricing. Please know these tips are not meant to replace professional guidance. These are some of the factors to consider if you should decide to sell your diamond engagement ring or if you are purchasing a diamond engagement. If you are in the market for a diamond engagement ring
, check out our five tips to find the ring of your dreams in a not so sparkling economy.
If you have further questions, please feel free to contact us and we can expand upon the information provided. We’re also available to help, send any inquiries to Sales@alexarosejewelry.com
We’ll be more than happy to help you find the diamond ring of your dreams. Feel free to stop in our North Scottsdale Boutique, located at 9917 E Bell Rd #140, Scottsdale, AZ 85260 or call us at 480-656-0735.