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Monthly Archives: October 2014

Diamond Prices Softening – Supply Overwhelms Demand

Diamond Prices Softening

Those in the diamond trade look to Rapaport and RapNet for pricing information.  Just this past week, prices for most round brilliant diamonds were lowered 2-5%, on a per carat basis.  Noted in the trade report was the softening demand for VS and higher clarity diamonds, as well as triple ex (Excellent Cut, Polish, Symmetry) diamonds of high quality.

What does this mean for you as you try to sell your diamond?  There are several takeaways.  The most important is supply and demand.  Since 2008, when the economy suffered a major crash, luxury spending is down, and spending by the 99% has decreased across the board for luxury items.  We see it here at The Diamond Valet – we are overwhelmed with sellers and clients seeking to liquidate, and we are underwhelmed with dealer and retail interest.  The next factor in pricing is the quality of your diamond as compared to like quality GIA lab graded diamonds.  It is not important if your diamond is graded by GIA, but it is important when comparisons of your diamond are made with similar diamond lots.  Many jewelers in the past have made incorrect estimations in color, clarity and overall cut, and once your diamond is properly evaluated and compared, the price may be affected.

An important thought to keep in mind when you are considering the sale of your diamond is not only price, but also experience, and the quality of information provided to you by the diamond buying firm.  At The Diamond Valet, we spend time with our clients, so they understand the potential price levels for their diamond, based on the condition of the diamond.  If your local dealer is not having this conversation with you, then perhaps you should try our free evaluation service.  Whether we buy your diamond or just evaluate it for quality, you will at least properly understand the type of diamond you have.

Get in touch with one of our evaluation gemologists today to figure out what you have, and what it might be worth in today’s cash market.

At The Diamond Valet, we handle it all the way!


Another Great Testimonial!

 

A recent testimonial from one of our customers who sold a 2.03ct. uncertified round brilliant diamond in a 14KT solitaire mounting.

“Thank you for everything and you have been a pleasure to work with.  If I ever decide to sell any other jewelry, I know who to get in touch with!

Just another wonderful testimonial from one of our recent customers.  Are you considering getting a cash market value on your diamond?  The Diamond Valet is more than happy to provide you with current pricing, and a friendly explanation of how our diamond evaluation and buying service works to your advantage.

The jewelry market is tricky and values can be all over the map.  At The Diamond Valet, our experience allows us to explain to you exactly why your diamond or diamond jewelry is valued at a certain price.

Over the past 5-7 years, a significant portion of U.S. consumers have sought to sell their diamonds, jewelry and scrap gold for competitive market values.  We are happy to say that we hear from our customers that The Diamond Valet is continually the highest bidder for diamonds and diamond jewelry.

We buy loose diamonds, certified or not, diamond rings and wedding bands, diamond pendants and diamond stud earrings.  We also buy unwanted gold items, such as men’s wedding rings, chains and necklaces and fine Swiss watches.  If your local dealer is blowing smoke, or is not giving you a real, buy it now CASH price, you are wasting your time.

Try our service today.  It is free, insured and no-obligation.  Our evaluation service is performed by GIA Diamond Graduate gemologists, and our pricing network of dealers circles the globe.

Many companies are out there providing some type of service, but no company delivers a customer experience like The Diamond Valet!

At The Diamond Valet, we handle it all the way!


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