What is considered a fair buy back price on a diamond ring I want to sell to a diamond buyer. Is it 25, 50%?

Question

Ring was originally purchased for $2000. Assuming that was a fair price, could I expect a 25 or 50% "buy back" price. I understand a jeweler will then need a cushion for mark-up to resell.

Answer 1

Actually I'll be suprise if you get 50% back, but do not accept 25%, I think between 30% - 40%, would be reasonable. Don't settle, look around and some some research, you'll get a good buyer.

Answer 2

It depends on the diamond and of course it has to have the 3 c's (cut, clarity and color) to be worth much in todays market. Generally it is a good rule of thumb that jewelry is marked up by 300% to 400% when sold to the public. All jewelers do it to make a hefty profit for themselves/store. If it originally was 2,000.00 then at the time of purchase it was only worth anywhere from 500.00 to 675.00 roughly. You also have to take age into effect here as well because it may have depreciated so realistically you are looking at getting around 200.00 to 400.00 for your item.

Answer 3

try more like a 20%,