If I sell will I take a huge loss?

[yogamamaloves]

Quick question. I have an ACA I VS2 in a ring that I never wear. I purchased in beginning of 2014 not even two years old yet. But whatever. I was thinking of selling it. Problem is I can't find any (super ideals) with those specks to determine what price I should sell at if I choose this option. Can I just do a percentage off my purchase price or... If I do fine a comp how much do I lower my price from the comp price? Or should I just bezel the sucker and wear it as a necklace? Which is kind of an annoying thought for some reason but something I would do it I would barely recover anything and take a huge loss.

 

[ame]

Quick question. I have an ACA I VS2 in a ring that I never wear. I purchased in beginning of 2014 not even two years old yet. But whatever. I was thinking of selling it. Problem is I can't find any (super ideals) with those specks to determine what price I should sell at if I choose this option. Can I just do a percentage off my purchase price or... If I do fine a comp how much do I lower my price from the comp price? Or should I just bezel the sucker and wear it as a necklace? Which is kind of an annoying thought for some reason but something I would do it I would barely recover anything and take a huge loss.

Unfortunately, you will take a loss if you sell it, no matter how you sell it.

If you want to try to sell it outright, you can try to sell it on a site like LoupeTroup, but you won't get anywhere near what you paid. You would have to take a percentage off what you paid, and not what it would sell for now. You can say in the listing what it would sell for now, and what you paid, but you can't really value it at what it's going for now. It's "used" basically, and when you're selling it secondhand, people who are looking for a diamond secondhand will know what it's "worth" at retail, know about what you paid, and will not pay you anywhere near that. They also know the same as what a jeweler knows: diamonds just do not sell for what you buy them for.

WF apparently changed their buyback policy to only be 1 year, which is terrible. If you wanted to upgrade it, that would get you the most bang for it. But then you'd just have a larger stone you might not know what to do with later.

If you would wear the necklace, you would obviously get use out of it, and you would not lose anything on the stone that way.

You can see if any other super ideal vendors are interested in buying it, but again, you WILL take a loss, trading in from WF or resetting and keeping it is your best bet to not lose. High Performance, Good Old Gold, James Allen.

 

[yogamamaloves]

Unfortunately, you will take a loss if you sell it, no matter how you sell it.

If you want to try to sell it outright, you can try to sell it on a site like LoupeTroup, but you won't get anywhere near what you paid. You would have to take a percentage off what you paid, and not what it would sell for now. You can say in the listing what it would sell for now, and what you paid, but you can't really value it at what it's going for now. It's "used" basically, and when you're selling it secondhand, people who are looking for a diamond secondhand will know what it's "worth" at retail, know about what you paid, and will not pay you anywhere near that. They also know the same as what a jeweler knows: diamonds just do not sell for what you buy them for.

WF apparently changed their buyback policy to only be 1 year, which is terrible. If you wanted to upgrade it, that would get you the most bang for it. But then you'd just have a larger stone you might not know what to do with later.

If you would wear the necklace, you would obviously get use out of it, and you would not lose anything on the stone that way.

You can see if any other super ideal vendors are interested in buying it, but again, you WILL take a loss, trading in from WF or resetting and keeping it is your best bet to not lose. High Performance, Good Old Gold, James Allen.

Thank you so much Ame for taking the time! I appreciate it. It's all as I expected to be honest. I'm going to give it some much needed thought then decide.

 

[cdtracing]

Thank you so much Ame for taking the time! I appreciate it. It's all as I expected to be honest. I'm going to give it some much needed thought then decide.

Ame gave you some good advise. Unfortunately, diamonds don't hold their resale value. You would take a loss & wouldn't get even close to what you paid for it. You may find setting it into a pendant in a style you like will be the best deal.

 

[Christofle]

The only diamonds that may have held their value/increased are fancy coloured diamonds that were purchased decades ago when their perceived value was lower.

 

[sotto]

This is interesting.. I have a friend in the diamond industry who says that some certified diamonds (excellent color clarity, i.e. VS or VVS, color D-G), have gone up pretty significantly over past few years. Perhaps that just refers to retail value though. Nevertheless, if diamonds have gone up quite a bit over past few years, I'd imagine one could re-sell without taking too large of a hit (with appraisal and original certificate)

 

[Cavalier Girl]

This is interesting.. I have a friend in the diamond industry who says that some certified diamonds (excellent color clarity, i.e. VS or VVS, color D-G), have gone up pretty significantly over past few years. Perhaps that just refers to retail value though. Nevertheless, if diamonds have gone up quite a bit over past few years, I'd imagine one could re-sell without taking too large of a hit (with appraisal and original certificate)

This. Diamonds in general have taken a good sized hit lately, but like most things, quality is everything.

 

[ame]

Retail, yes. Secondhand, no. There are random incidents where someone will get lucky, but they are VERY few and VERY far between. The best way to get the most out of the best quality stones is trading in towards another at the jeweler that sold it to you originally. But even then, you will usually only get what you originally paid, not the appreciated "retail value."