Diamond Industry

/Diamond Industry

What Is Your Diamond Worth?

The essentials on getting the most for your diamond and other precious gems While we all know it’s impossible to put a price tag on the emotional value of a diamond, you may be surprised to learn that assigning tangible worth to the gem can be tricky too. Calculating a diamond’s value is a complex process that can easily be done incorrectly. If this happens, you most likely will be the one negatively impacted by the error. Therefore, when it comes to selling a diamond, it’s critical you put as much thought into selling as the original purchaser put into [...]

2018-10-23T18:01:26+00:00 October 10th, 2018|Diamond Industry, Know Your Diamond, Sell Diamonds|

Stories from The Heart – Who Has Your Back?

When working with clients who are looking to part with unwanted diamond pieces, it is not uncommon for us to work with many who have tried other companies prior to finding us. Because of this occurrence, it gives us an insight into the ways in which other companies may try and take advantage of a client, and luckily many clients can sense this and pull their pieces. What is troubling to me is the number of individuals who do not know there are other options out there, and in the end, take much less for their diamond pieces than they [...]

2018-07-12T17:24:25+00:00 July 12th, 2018|Buy Diamonds, Diamond Industry, Jewelry|

Lumps of Coal: Hidden Dangers of Disreputable Diamond Buyers

Whether the diamond jewelry you’re considering selling is a precious family heirloom or simply a piece you no longer wear, you deserve to know your diamonds are in trustworthy hands.  And the fact of the matter – troubling as it may be – is that there are dishonest diamond buyers out there.  Before you drop you grandmother’s earrings in the mail, you should know what to watch out for. Fly-by-night firms.  Always, always, always do a little research before you even contact a company to inquire about selling your diamonds.  Unless you can answer the following questions, you should never [...]

The Evolution of the Custom Jewelry Industry

Diamonds are forever, and beautifully crafted custom engagement ring design is supposed to be timeless. That doesn't mean however that the custom jewelry industry is immune to change. Technological advancements and a shift in the wider public's attitude to style and fashion have led to an evolution in the custom jewelry industry, and you may be surprised to learn just how. Some of the evolution almost sounds too good to be true: From helping the expert craftsmen and women to produce samples of their work with greater ease and speed, to expanding their market of customers from a local to [...]

2017-05-25T13:30:33+00:00 September 18th, 2015|Diamond Industry|

Louis Vuitton vs Target

Successful brand names can help create an allure and the idea of high quality. A woman may choose to pay more for a leather handbag because it carries the name “Louis Vuitton” or she may choose to purchase a specific line of hair care products because she’s “worth it”.  Branding can help to distinguish products from their competitors while also creating the idea of consumer confidence. This is also a good way to increase profits as often times consumers are often willing to pay more for a name they know, recognize, and equate with high value or status. Diamonds are [...]

2017-05-25T13:30:34+00:00 February 3rd, 2015|Diamond Industry|

The Diamond Pipeline: A breakdown of the world travels of diamonds, and who pays the bill

The fine jewelry industry seems to be perpetually filled with notorious mark-ups and yet what appear to be constant blow out sales. Diamonds fall directly into this mysterious game of price shopping, and sale hunting. How is it that a jewelry sales person seems to always be able to pull out a calculator and knock down the already 60% off price of a diamond engagement ring another few notches? Who is getting the good deal: are diamonds truly as expensive as they appear? At the retail end of the diamond spectrum, diamonds truly are as expensive as they appear, but [...]

2017-05-25T13:30:34+00:00 February 3rd, 2015|Diamond Industry|

Taking a Step Back – diamond buying companies

In our previous blog posts, I have written mostly about the process and mechanics behind the diamond industry. Truths about the actual value of diamonds, as well as how they reach their price tag value by the time they reach a woman’s finger. While our website sheds light onto our massive crush on diamonds and personal interaction with clients, I thought I would take the time to explain why we are different than other diamond buying companies. Let’s spell it out.; I often use a car analogy when speaking of diamonds because it is often the easiest for most people [...]

2017-05-25T13:30:34+00:00 February 3rd, 2015|Diamond Industry|

Ethical Standards in the Diamond Retail Industry

I want to start off by pointing out that these are blanket observations, and are my own. There are many loyal, trustworthy, and honest individuals in the diamond retail industry and it is important to give them credit for their efforts to keep the industry ethical, and to keep hard earned consumer confidence. Ethics. They seem simple enough to understand, but somehow are easily passed over, forgotten, or slipped.  Every sector of business, education, religion, even our lives has it’s own set and variety of ethics. Many overlap, and are fairly standard “rules” or moral principles of conducting oneself in [...]

2017-05-25T13:30:34+00:00 February 3rd, 2015|Diamond Industry|