{"id":9353,"date":"2019-09-21T07:00:36","date_gmt":"2019-09-21T11:00:36","guid":{"rendered":"http:\/\/www.jewelry-secrets.com\/Blog\/?p=9353"},"modified":"2019-09-25T23:29:45","modified_gmt":"2019-09-26T03:29:45","slug":"why-dont-all-jewelers-buy-diamonds","status":"publish","type":"post","link":"https:\/\/www.jewelry-secrets.com\/Blog\/why-dont-all-jewelers-buy-diamonds\/","title":{"rendered":"WHY DON’T ALL JEWELERS BUY DIAMONDS?"},"content":{"rendered":"
\"Jewelers<\/div>\n

“I wanna sell…”<\/h2>\n

\nYou take your diamond ring<\/strong> into a jewelry store to sell it. <\/p>\n

\nThe store tells you “We don’t buy diamonds<\/strong>, only gold<\/strong>.”<\/p>\n

Why is this?<\/h2>\n

\nThe truth is, some jewelers buy diamonds, some don’t. But why?<\/p>\n

\nYou would think that all jewelers would want to buy,<\/strong> after all, they can resell them… <\/p>\n

What gives?<\/h2>\n

Jewelers do<\/strong> buy diamonds. Certainly. But at discounted rates from vendors. What prevent them from buying diamonds from the public is this…<\/p>\n

1) Cash<\/h2>\n

A lot of jewelers just don’t have the funds to make large purchases on the spot. To buy diamonds (which can run into the thousands<\/strong>), they’d need to have the available cash on hand. Either you have it, or you don’t.<\/strong><\/p>\n

2) Confidence<\/h2>\n

Some jewelers just don’t feel confident when it comes to buying from the public. They don’t know who it is they’re buying from. They could be criminals<\/strong>. The stone could be fake, imitation, lab-created. They could also be trying to swap out stones… You just never know<\/strong>, it’s a risky business.<\/p>\n

Buying diamonds is not a 2 second process. The stones need to be cleaned first, weighed, inspected, and quality checked. It’s not as easy as “Here’s a diamond, where’s my money?<\/strong>”<\/p>\n

Plus, dealing with the public gives you no warranties<\/strong>, guarantees<\/strong>, or return policies.<\/strong> Vendors give you all these things. The public gives you nothing<\/strong>. What you get is what you see.<\/p>\n

3) Image<\/h2>\n

This is probably the biggest reason why a good portion of jewelers don’t buy from the public. Jewelers have an image to uphold<\/strong>. Jewelers don’t want to look shifty, shady or appear dishonest. They don’t want the public thinking they are ripping them off. This is why many jewelers turn down diamond sales<\/strong>.<\/p>\n

Jewelers say they don’t buy diamonds because they don’t want to offend anyone… This is especially true if you are one of their good customers<\/strong>.<\/p>\n

Buying diamonds<\/h2>\n

Now, on the other hand, jewelry stores that do buy diamonds still don’t offer much for them… Many people already know this. There’s a good reason why they offer so little… They can buy the same diamond from a vendor at cost. So why would they pay you more for the exact same stone?<\/strong> <\/p>\n

They wouldn’t. You wouldn’t. No on would.<\/h2>\n

Selling a diamond only gets you about 10-30%<\/strong> of what it’s worth. This is pretty much true anywhere you go.<\/p>\n

If jewelers told people that they would offer them $400<\/strong> for a $2,000<\/strong> diamond ring, people would get mad, feel insulted and leave out the door (never to return again<\/strong>).<\/p>\n

“I bought this diamond from you<\/strong>” is what most people blurt out. Not cool.<\/strong><\/p>\n

Customers figure that the store that sold them the ring would be the one that would pay them the most<\/strong> money for it… Not true. <\/strong><\/p>\n

It doesn’t matter where<\/strong> you bought it from, the cost of diamonds is usually the same.<\/p>\n

Not to mention the fact that the ring is now used.<\/strong> And of course, jewelers do<\/strong> want to make a profit<\/strong> off the transaction, as well. Can you blame them?<\/p>\n

Jewelers make a choice<\/h2>\n

So all jewelers make a choice of whether to buy diamonds from the public or not. It’s a personal decision.<\/p>\n

\nIt all depends on how they want to be perceived<\/strong>. For it they tick off their customers by offering little for their diamonds, they could lose valuable customers for life<\/strong>.<\/p>\n

Some jewelers don’t want to take that risk, so they decline the sale. But, at least their integrity<\/strong> stays intact.<\/p>\n

It’s all in what they buy…<\/h2>\n

Buying gold is a different story.<\/strong><\/p>\n

\nMost jewelers do buy gold.<\/strong> Gold is melted down and sent to a refiner. Jewelers pay scrap metal value<\/strong> for this gold. This process is easy for the public to understand and grasp.<\/p>\n

But a couple of hundred for a diamond worth thousands doesn’t sit so pretty, does it? Even knowing it’s just for the metal, and not the stones…<\/p>\n

Many jewelers come right out and say “I don’t have the cash available<\/strong>, so I can only offer you this much.” It helps soften the blow. But it still smarts.<\/p>\n

The bottom line is this:<\/strong>: <\/p>\n

\nJewelers don’t want to insult you with the price they give. It’s not easy telling people their diamonds are only worth so much. Which is why it’s better to…<\/p>\n

Trade-in diamonds.<\/h2>\n

\nMany jewelers will say that they don’t buy diamonds, but… They do take trade-ins.<\/strong><\/p>\n

This is great.<\/strong> You get value for your used item, and you get a brand new jewelry at the same time<\/p>\n

But check around first.<\/h2>\n

\nCheck around before<\/strong> you sell or trade-in your goods.<\/p>\n

Compare prices and trade-in values. Don’t worry so much about what they are giving you in trade, what really matters is what the bottom line is<\/strong>. Are you paying $3,700 for that 1.00 carat diamond, or are you paying $5,000??? That’s what you really want to know<\/strong>.<\/p>\n

All jewelers buy diamonds.<\/h2>\n

This is a fact. They do buy diamonds<\/strong>, they just might not buy them from you.<\/strong><\/p>\n

Don’t take it personal, it’s just the way it goes.<\/p>\n

Image is everything.<\/strong><\/p>\n

\nCheers! :)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

“I wanna sell…” You take your diamond ring into a jewelry store to sell it. The store tells you “We don’t buy diamonds, only gold.” Why is this? The truth is, some jewelers buy diamonds, [Read More…]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":9354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-9353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diamonds"],"_links":{"self":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts\/9353"}],"collection":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/comments?post=9353"}],"version-history":[{"count":0,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/posts\/9353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/media\/9354"}],"wp:attachment":[{"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/media?parent=9353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/categories?post=9353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jewelry-secrets.com\/Blog\/wp-json\/wp\/v2\/tags?post=9353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}