Can I trade in my diamond at Diamonds Direct?

Do diamonds buy back Diamonds Direct?

Diamonds Direct’s lifetime upgrade allows customers to trade their original engagement diamond, solitaire diamond pendant, and diamond studs for a different size, quality or shape. … Diamonds Direct offers a risk-free shopping environment, supported by our 30-Day money back guarantee, on the purchase of a diamond.

Can you trade in a ring at Diamonds Direct?

Tip: Diamonds Direct offers a lifetime upgrade policy. This allows customers to trade in their original engagement diamond for a different size, quality, or shape. … You can come in as often as you’d like and trade in your original diamond and you’re only required to pay the difference between the two diamonds.

Can you trade in a diamond?

As long as you use the right vendor, you generally won’t need to wait for longer than you would if you simply ordered a new stone and setting. You may desire to upgrade or trade in your diamond for a number of reasons. You may want to: Change the style of your diamond ring.

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Will a jeweler buy my diamond?

Do jewelers buy diamonds? Yes, jewelers often buy loose diamonds, diamond rings and other jewelry — as well as provide insurance-replacement appraisals.

Is Blue Nile trustworthy?

Is Blue Nile legit? Despite its low prices, Blue Nile is a completely legitimate business. Blue Nile diamonds are GIA certified. The reason why their prices are so low is because they operate on lower margins and do not have expensive brick-and-mortar stores.

Can you upgrade diamond in same setting?

If your current diamond is 4.2 mm in diameter, the original setting of your ring can probably accommodate a diamond up to 4.9 mm in size. … Most rings can be modified with a head replacement, which cuts the setting of your ring off and replaces it with a larger setting designed for a bigger stone.

Is it OK to upgrade your engagement ring?

There’s no right or wrong time to upgrade your engagement ring. This is a highly personal decision that you and your spouse should make together. However, there are certain times when it’s more popular to upgrade your ring.

Does Diamonds Direct ever have sales?

It only happens a couple of times a year, and this one happens to be perfectly timed for holiday gifting, Christmas or New Year’s Eve engagements and new seasonal sparkle.

Does Diamonds Direct have layaway?

Layaway accounts are set up with a deposit of 20% and an agreed-upon bimonthly payment. … After 180 days of inactivity with a layaway item, the layaway is forfeited.

Do jewelers accept trade ins?

Usually, trade-in deals will give you a better value for your jewelry than if you sell it for cash. Jewelers will be willing to offer you a better trade-in price since you will make a new purchase at their store.

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How much can I trade my diamond in for?

In most cases, a diamond engagement ring or other diamond jewelry will have a resale value of between 20 and 60% of the amount it cost when it was new.

How do you trade up a diamond ring?

The Basic Rules of Diamond Trade-Up Policies

The new diamond must be worth at least double the original price you paid. Upgrading isn’t something you therefore do regularly, perhaps only once in a lifetime. It will be with the same jeweler. You will be tied in to using that jeweler so make sure you like them!

Why diamond has no resale value?

This is because they buy their diamond pieces in bulk, and this secures them the wholesale rate. This does get them more products at a lower cost, but it also introduces markups. By the time the jeweller buys the diamond from the manufacturer, It is finished in terms of cut, clarity, colour, and carat.

Do diamonds lose value?

Like a car, a diamond is a depreciating asset since it loses a large portion of its value the second you buy it. Think about gold and silver. The market for them is very liquid and fungible since you can store coins, sell them at any time or even trade them later on.

Why is diamond resale value so low?

The reason resale prices for diamonds are so low compared with retail prices is that jewelers buy diamonds in bulk, at wholesale prices, which are much lower. The retail price you pay for a diamond at the store is higher because it includes overhead expenses, such as rent and personnel salaries.

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