The Essential Steps to Buy a Stunning Diamond at a Great Price

Do loose diamonds for sale in North Carolina have resale value? That is the most asked question to a diamond retailer. Well, you would be happy to know that diamonds do have resale value. Be it an engagement ring, family heirloom diamond or just a loose diamond, they all have resale value. It depends on multiple factors including, how and when you bought the diamond. And because there is always a demand for diamonds, there is adequate market for selling diamonds.

What Determines Worth Of Your Loose Diamond?

Commonly, there are three main types of diamond values as mentioned below.

1 – Value at Purchase

As soon as you walk inside a diamond store, its high prices are evident. It’s a common practice that jewelers place mark-up on diamond jewelry which is an extra cost added to the original price when you buy loose diamonds online. Jewelers add mark-ups to cover slow-moving inventory, overhead costs and profit. It is obvious that when you buy a diamond, it’s actually going to be of less worth than what you paid for it.

2 - Value of Appraisal

When you purchase certified loose diamonds, jewelers may provide you with an appraisal value. Appraisal value is often a document that contains characteristics and value of your diamond at give point. Appraisal value is higher than your purchase value. So, you can replace the diamond without having to pay extra cost. But, you might also need to pay a high insurance premium for that piece.

3 – Value at Resale

Resale value is simply the amount you will receive if you decide to sell your jewelry. Factors that may pull down the resale value of your diamond are – (a) retail mark-up at purchase, and (b) decline in diamond prices. In favorable conditions, you can resell your diamond up to 50% or more of its purchase price. But, when you have truly exceptional certified conflict free diamonds, you can surely make money out of it. Also, increase in the diamond prices can give you a high resale value in Greensboro NC, High Point, Jamestown, Winston Salem, Lexington, Burlington, Kernersville, Thomasville, Summerfield, Oak Ridge, Reidsville, and Asheboro, North Carolina.

To Conclude

To get a high resale value for your GIA, AGS, IGI and EGL certified loose diamonds, it would help if you:

(a) Buy the jewelry from an authentic store where mark-up prices are minimal.

(b) Sell your diamond when its market prices are high.

You can certainly get a high resale value when you are not paying extra dollars for unnecessary mark-up prices.

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