I'm curious. Even if you go and get it appraised- is it likely that the shop would actually but it from you at that price? How about sapphires?
2007-03-07 06:26:35 · 10 answers · asked by Anonymous in Beauty & Style ➔ Fashion & Accessories
Diamonds hold their value very well. A diamond worth $1000 twenty years ago will still fetch $1000 on the private market today.
However, many jewelry stores that sell diamonds do not buy them back. They bought them at Wholesale and sold them at Retail.
So what they sell to you for $1000 they buy at maybe $500. Should you try to sell it back to them, they may pay you the $500 they paid for it, but not the $1000 that you paid originally. That's their profit mark up!
2007-03-07 06:30:22 · answer #1 · answered by kja63 7 · 0⤊ 0⤋
No but the setting can on diamonds, and recently there adding in filters as well. Sapphires will go up if there not labcreated gems, that's the key, due to high demand the market has created new ways to make stones in labs, we can't do that with diamonds though sadly emough...
If you want a deal wal-mart or even overstock.com will get you a price without the high end its the qaulity not name and many stores want you to buy a name not the product, one reason a ring i bought was 120 at helzberg and 60 at khols on sale and it's the same thing
2007-03-07 06:31:58 · answer #2 · answered by Juleette 6 · 1⤊ 0⤋
The value doesn't drop like a new car when you drive it off the lot. Some stores offer trade ins (Ours does) where as long as you purchase double the value, you will get your original purchase price towards the new piece.
As far as sapphires, I dont know that they would actually lose value either.
In both cases, if we are talking about a piece of jewelry with these stones in it versus just the stone itself, I would think that wear and tear on say..a ring..would cause the value to dip.
2007-03-07 06:32:53 · answer #3 · answered by AnastasiaBeaverhousen 4 · 0⤊ 0⤋
Diamonds do not depreciate, if that is what you are asking. You are also confusing retail and wholesale. The appraised value is what the stone is worth on the open market, but that does not mean that a store would pay that much for it because they sell wholesale and mark it up.
2007-03-07 06:31:34 · answer #4 · answered by lyllyan 6 · 1⤊ 0⤋
You will never be able to sell any type of jewelry for the same price you paid for it.
In terms of insurance, the value does not go down, but since all gems are marked up by jewelryy stores, you will never find a jewelr who is willing to pay retail.
EX: a jeweler buys a diamond for $1000
he sells it to you for $2000
You get it insured for $2500
If you wanted to sell it back to the jeweler, he would not pay you more than $1000 for it.
2007-03-07 06:31:13 · answer #5 · answered by Jon S 4 · 1⤊ 0⤋
If you are buying a diamond from a retailer, it's unlikely that you can resell it at a retail price. You're not a retailer, after all, and the retail price you paid included enough to cover overhead and profit for the seller.
2007-03-07 06:31:08 · answer #6 · answered by Investor 2006 3 · 0⤊ 0⤋
All the shops have profit.
Of course the price going down after you buy it.
2007-03-07 06:31:01 · answer #7 · answered by Anonymous · 1⤊ 0⤋
I am a diamond dealer A DIAMOND can never go lower the value than it is now, unles it breaks, chips etc.
2007-03-07 06:31:27 · answer #8 · answered by molly d 1 · 2⤊ 0⤋
if you smash your diamond then the price will go down, other than that, no, diamond prices will not go down.
2007-03-07 06:31:45 · answer #9 · answered by Anonymous · 1⤊ 0⤋
bush is a retard
2007-03-07 06:28:30 · answer #10 · answered by Anonymous · 1⤊ 8⤋