{"id":20514,"date":"2017-08-11T09:42:39","date_gmt":"2017-08-11T13:42:39","guid":{"rendered":"https:\/\/www.jewelry-secrets.com\/Blog\/?p=20514"},"modified":"2023-04-17T11:39:37","modified_gmt":"2023-04-17T15:39:37","slug":"jewelers-upgrade-policies","status":"publish","type":"post","link":"https:\/\/www.jewelry-secrets.com\/Blog\/jewelers-upgrade-policies\/","title":{"rendered":"JEWELER’S UPGRADE POLICIES"},"content":{"rendered":"
\"Jewelers<\/div>\n

Upgrading your Diamond?<\/h2>\n

\nREAD THIS FIRST!<\/strong><\/p>\n

\nThere are a few things you should know about upgrading<\/strong> and getting that bigger and better diamond<\/strong>…<\/p>\n

\nInitial eye-openers<\/strong>, like:<\/p>\n

You have to Spend DOUBLE<\/h2>\n

\nDouble!<\/strong><\/p>\n

\nWhich means exactly that. If you paid $5,000<\/strong> for a diamond and want to trade it up, you’ll have to make another $5,000 purchase<\/strong>. The new ring will have to be $10,000 or more<\/strong> in order for you to get your full trade-in value (bringing it down to $5,000).<\/p>\n

And the Catches…<\/h2>\n

\nThere are some catches you should know, like: The only store that will normally pay you every penny<\/strong> to trade your diamond in… Is the original store<\/strong> you bought it from. Other stores may give you less<\/strong>. And some, wayyyyy <\/strong>less!<\/p>\n

\nSo jewelry stores state, bring it back HERE<\/strong> and we’ll give you full value for it.<\/p>\n

And then this may make you think twice:<\/h2>\n

\nYou can’t use a trade-in towards a sale price<\/strong>.<\/p>\n

\n(USUALLY!<\/strong>)<\/p>\n

\nIt’s a discount on a discount<\/strong> and most stores will not allow both. So if a piece is on sale for a really great bargain<\/strong>…<\/p>\n

Your trade-in won’t apply!<\/h2>\n

\nNow this is not always true<\/strong>, some jewelers do allow a trade-in towards a sale price, but often, the price you get is way less <\/strong>than what you would have gotten if it wasn’t on sale.<\/p>\n

It won’t be Full Value!<\/h2>\n

\nJewelers don’t want to lose money on the deal<\/strong> after all. Can you blame them? No one’s going to sell you an item below cost<\/strong>. They might as well shut the doors and go out of business.<\/p>\n

\nSo in order for you to get all your money’s worth, make sure you purchase something that’s double or more, and not on sale<\/strong>.<\/p>\n

Diamonds YES, Mounting NO<\/h2>\n

\nMost of the time when you’re trading or upgrading, it’s only the diamonds that matter<\/strong>. Diamonds are the things (not Gemstones like Sapphire, Emerald or Ruby) that hold their value and will be traded… The mounting itself (the gold or platinum<\/strong>) will only gain scrap metal value<\/strong>. More than likely it’s worn down, scratched up, dented, and full of impurity. It will be sent to a refinery for melting down and purifying. So the amount they give you (if you didn’t buy it from them), is probably not much<\/strong>. <\/p>\n

\nLikewise if your stones are small<\/strong>, little tiny single cuts<\/a> or melee diamonds, they don’t bring much value<\/strong>. It really does come down to the center stone<\/strong>, and the quality of that center stone<\/strong>. If the stone is a low quality stone, like I Clarity<\/a>, you might not like what you get<\/strong>.<\/p>\n

The Diamond Condition Matters Too<\/h2>\n

\nDiamonds take a lot of abuse<\/strong>. Which means, if your $5,000 diamond is not in the exact same condition<\/strong> that it was when you bought it (it could be chipped, cracked, or have a bearded girdle<\/strong>), then it not only could lower your trade-in value<\/strong> greatly, but it could also make your diamond worthless <\/strong>if the damage is too great. <\/p>\n

\nIt all depends on if the diamond can be re-cut into a smaller stone<\/strong> (cutting out the damage or chip), how much that will cost to have done, and if the stone is worth it. It may not be depending on the carat weight. All good things to consider<\/strong>. <\/p>\n

\nSo if your diamond is showing signs of wear and tear, don’t expect full value<\/strong>.<\/p>\n

\nAlso note that the value you get won’t be the appraisal price or the retail price, it’ll probably be the price you paid<\/strong> for the actual item. People tend to forget this<\/strong>… “My Diamond is worth $8,000, even though I only paid $3,500<\/strong> for it!” You’ll probably only get $3,500 in trade, if you’re lucky<\/strong>.<\/p>\n

Bring your Certificate with you<\/h2>\n

\nIf your stone was certified by GIA<\/strong> (the best certificate, none of the others really matter), then by all means, bring it with you<\/strong>. Not only can they use it to obtain the proper info about your diamond, but they’ll need this if they buy your stone<\/strong> and want to resell it or reset it. Otherwise, they’ll have to send your stone back to GIA to have it reappraised and certified<\/strong> (which costs more money and time… They’ll knock that off they amount they give you). <\/p>\n

So before you head off to the Jewelry Store…<\/h2>\n

\nSTOP! <\/strong>Look at your ring. Scope your stone… <\/p>\n