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What Jewelers Buy Diamonds

That said, there are some basic tools and terms that anyone can use to make sure they understand any price quoted for their diamonds, and help you understand what your diamond is worth. Keep reading to learn about your diamond and what it is worth.

what jewelers buy diamonds

Here is a chart of shapes and prices for different, popular diamond shapes with similar characteristics, from BlueNile. It will help you understand the value and worth of round brilliant-cut diamonds, princess (square), emerald (step-cut rectangle), marquise diamonds, and other shapes.

One of the reasons many women choose not to sell their diamonds or diamond ring is that the price they are quoted from a jeweler or auction site is much lower than they believe their rings to be worth. Typically, the resale value of a diamond is about one-third of what you will pay retail.

Diamond resale value for tiny diamonds are much less, and they are often sold based on their collective weight for hundreds of dollars or less. Sellers often find that the gold or platinum setting of a diamond ring is worth as much or more than the actual diamonds.

Although most stones still come from their natural source, they are also created synthetically. As the stones originate in such a way, there is still a risk of human involvement where diamond laundering can take place where it might be difficult to determine what was mined and where it has been sourced from. This practice is illegal as well as unethical considering that many people believe that where they are buying their diamonds from is important.

While it might be difficult to determine where jewelers get their diamonds, there are ways to look out for any signs of diamond laundering so buyers know they have a genuine stone in front of them and not one that has been sourced illegally or synthetically made somewhere else on the other side of the world.

Diamonds that are mined, processed, and sold in an honest manner will have a higher price tag associated with them because of this. However, they are worth the investment more than anything else for multiple reasons including their ethical nature as well as the quality of product yielded from these diamonds is much better compared to those that were mined in an unfair manner.

When you purchase diamonds from a company that has ethical practices, then it means they will also be better for the environment and society as a whole because of how they were sourced and treated overall. This is something to keep in mind before buying any type of diamond or jewelry item made with these stones.

There are many steps in getting a diamond from the mines to your local jewelry store. Diamonds get shipped around the world and can be bought by both large stores and individual jewelers looking for profit. The majority of diamonds end up traveling halfway across the globe before they reach their final destination: either in another part of Africa or abroad (to places like America, Japan, and Europe).

Diamonds from Africa are typically brought to either Antwerp or Tel Aviv. In these diamond hubs, they will then be sorted by size, shape, and color into large batches of diamonds that all have similar qualities. Diamonds can also originate in Russia but usually end up shipped through Dubai before making their way to Antwerp.

Diamonds are then sorted again into smaller batches, depending on size and clarity. The larger diamonds will be kept separate from the smaller ones in order for them not to get mixed up when they are being sold or sent off to other countries. Some of these diamonds that have met their standards can be bought by individual jewelers.

While many diamonds are being sent off to other countries, others will be sold on the local market in Africa as well as some parts of India and China. Most diamonds that make it to this stage end up staying within their country since they do not meet the grading standards for international trading yet (they may have small flaws or contain large amounts of graining).

As mentioned before diamond brokers do not mine for diamonds themselves but buy finished stones from various sources including mining companies, cutters/polishers, or even retailers who have bought them through other channels to resell them in the wholesale market.

The diamond mining companies and broker channels generally have higher prices than buying diamonds from a jeweler because their margins are lower, but this may not always be the case since some retail brands purchase directly through brokers to offer reduced-price value grades of finished stones without sacrificing quality.

While the timing may be right, selling your diamond can be a major headache. Unlike gold, which has a quantifiable melt value, resale prices for diamonds have no one objective measure, making it easy for inexperienced sellers to become confused and overwhelmed.

I get this question a lot from customers, especially those who are in the market for a diamond engagement ring. These days, you have many options for purchasing diamonds. You can shop at independent and chain jewelry stores, as well as Warehouse clubs like Costco, and department stores. You can even buy diamonds from online diamond suppliers.

But where do diamonds come from? And how do jewelers get their diamonds? Maybe I should refine the question to where I, an independent jeweler, get my diamonds. Working with an independent jeweler with your diamond purchase offers you a lot of choice in terms of where you get your diamond.

After the diamond is cut, a diamond dealer will sell the stones directly to jewelers. Sometimes I attend a trade show and buy diamonds from dealers who have booths where there are many diamonds on display to choose from. (So much sparkle!) I try to stock up on beautiful diamonds that I think customers might like. Round diamonds are always popular, but in the past ten years, princess cut (square) diamonds have seen increased popularity. More recently, oval shaped diamonds and cushion-cut diamonds are in high demand.

One of the most frequently asked questions is: from where do jewelers get their diamonds? There are many diamond dealers out there today selling stones to jewelers. However, a reputable diamond dealer is transparent about the origins of their stones.

Diamond dealers that do direct business with DeBeers' sight holders know exactly where their diamonds are mined and manufactured. This direct line of contact adds a level of reassurance that the stones you receive are conflict free and ethically sourced, as all associated global entities are audited on a yearly basis by external organizations, such as the Responsible Jewellery Council (RJC), to ensure that site holders are in fact leading examples when it comes to ethical standards, sustainability, and human rights.

In addition, K. Rosengart adheres to and supports the Kimberley Process -- a global initiative of 81 countries that works collaboratively to maintain integrity in the diamond supply chain. Initiatives such as the Kimberley Process have virtually eliminated the exportation and trade of diamonds used to fund conflicts.

A client (a designer) recently asked K. Rosengart to check out the loose melee diamonds she had bought online via a website billed as being a place to "shop for handmade, vintage, custom, and unique gifts." As the client handed us the parcel of 0.18 pt loose melee, we immediately knew there was a problem.

At K. Rosengart, we look at every diamond under 60x magnification using our sortoscope system. We did not need 60x magnification to realize that these loose melee diamonds were an awful quality and did not even have 57 facets. Unfortunately, the diamonds were not represented properly by the seller, and the client was disappointed with her purchase.

We then showed the client our loose melee diamonds at a price point with which she was comfortable. She was not only pleased by the overall appearance of the stones, but also thrilled that she could buy them from a reputable diamond dealer at an affordable price.

The moral of the story: not all diamond dealers are created equal. Finding loose melee diamonds for sale is just the first step. The second step is to ask these vital questions of any melee diamonds supplier before you make your purchase. Or, when in doubt, contact K. Rosengart.

Because K. Rosengart specializes in selling loose melee diamonds -- and melee is so versatile, a wide range of clientele, from jewelry manufacturers and big-box stores to designers and independent jewelers, purchases diamonds from K. Rosengart. Give us a call today at 212-355-5025 to experience the K. Rosengart difference.

Have you heard about diamond dealers? Where can I buy high quality diamonds at a reasonable price? In the previous article, we covered the topic of promise rings, and in this article, we will reveal the issue of diamond dealers for you and tell you how to buy from a diamond dealer correctly.

While you are in the mall or your local jeweler asks yourself, "Where did they get their diamonds?". Did you know that most stores will not carry a large inventory of loose diamonds? It is just too expensive to carry an inventory when there are diamond dealers willing to supply diamonds as needed.

Diamond dealers are the best kept secret when it comes to buying a diamond. The retail industry sends out their buyers to wholesalers and manufacturers in all types of retail product and the jewelry industry is no different. However, you can find wholesale diamond dealers here in Dallas. But you cannot find a 55 inch flat screen and a new computer at wholesale prices. Jewelry stores do the same thing with loose diamonds relying on diamond wholesalers to supply them as needed. Diamond dealers can sell privately to customers one on one.

Brokers tend not to have a business inventory and may sell diamonds from a variety of dealers. That making the diamond more expensive. Not only will diamond dealers sell to individuals, dealers are more interested and more capable of buying diamonds from individuals than brokers are. 041b061a72


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