Upgrade Earrings

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L

LMT973

O.G.
Mar 19, 2007
33
0
#1
Hi gals. I want to upgrade my .75 ct diamond studs. I did a search about this and most suggested returning to the jeweler where they were purchased. I don't want a credit though at the store I bought them- I want cash. I've been looking around at bluenile.com and I think I want to make my next purchase from them. Any suggestions of where I can sell my earrings?

These are the specs:
color: G/H
clarity: SI1/SI2
polish/sym: good/good
 
#2
Are you not happy with the jeweler you got them from ? I would get a price from Bluenile (specs and all info.) and then go to your jeweler and see if he can match it. Do you really want the hassle of trying to find an
buyer through an ad, etc.?
 
#3
LMT973 said:
Hi gals. I want to upgrade my .75 ct diamond studs. I did a search about this and most suggested returning to the jeweler where they were purchased. I don't want a credit though at the store I bought them- I want cash. I've been looking around at bluenile.com and I think I want to make my next purchase from them. Any suggestions of where I can sell my earrings?
Click to expand...
You might be able to consign them but don't expect more than 33% of what you paid, and that's generous. You are not going to make even close to what you paid for them selling them. You are much better off doing the trade through the store you got them from, your chances for cash are SLIM.

You can try to sell on craigslist or ebay but there's a lot of danger there.
 
#4
Generally when you upgrade your diamond studs you would be trading them in for larger stones and yes, its usually best to trade them in with the jeweler they were purchased from. But, to actually return your earrings to the jeweler for cash, and get anywhere near what you paid for them is extremely unlikely. Most jewelers will allow you to trade in your diamonds that you purchased from them at any time with the receipt, for a different pair, typically of a greater price and you pay any difference in price and I think this is what you were reading when you did a search. I would say this would be your best bet, just have them find the stones you want and give you as close to what you paid on the trade in.

To actually sell your earrings for cash, now thats a different story... some jewelers take in estate pieces and will purchase your earrings but you would have to see what they would pay for them and usually it would be much less then you paid. You could also try selling them on ebay and just try to get as close to what you paid as possible and see if you get lucky. You could also try taking them to actual diamond dealers such as in NYC's diamond district instead of actual jewelry stores. Some of these dealers would be more likely then a jewelry store to actually purchase your stones for close to their current value but you would have to shop them around a bit.
 
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#5
I completely agree with AME....if you decide to consign/trade/sell, i suspect you won't get more than 30% of your cost. Having said this.......personally I would keep them and shop really well for an upgrade.
 
#6
You may just want to keep the studs you have and reset them in another piece.
Unless you go back to the jeweler that sold them to you, expect to be lowballed, by quality and price. Diamonds, unless certified, are extremely subjective in the secondary market; especially in this economy. The upside is that you can probably get a good deal on bigger stones, as the decline in market goes both ways. Good luck!
 
#7
Thanks all for your advice. I have a lot to think about! I compared the price and quaility of the stones on bluenile to the price and quality of the stones from the jewelers for the upgrade. The price difference is about $3,000. The price for 1 ct., VS2, G-H color, Leo diamonds is $6,399. I can get 1.24, VS2, E color, Ideal cut diamonds on bluenile for about $3,900 (which is the price of 1ct, SI1/SI2, G-H color, Leo diamonds at the jewelers).
 
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#8
Can your jeweler not get you ideal cuts that are not Leo branded?

But again--don't build yourself up to thinking that you will get cash from your jeweler, or make much off selling them elsewhere because you will be lucky if you get 30%.
 
#10
I would see if your jeweler can get what your looking for from bluenile with a comparable price. Your paying much more for the "leo" diamonds, ask your jeweler if they can find stones the quality that your looking for that aren't "leo".
 
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