Will Selling your home Short Ruin your Credit?
Worthy: The middle of the pack. They do not actually buy the ring, rather they auction it off to diamond wholesalers and retailers. After the commission, condo for sale bangkok ekkamai (https://bangkok.thaibounty.com/2020/04/13/warning-party-in-bangkok/) the offer would have been somewhere around $1,200. Worthy has a different business model. We are not fans of this model as we explain in our review. After a couple of weeks (time to send the ring, get it inspected by GIA and auctioned) the highest bid was $1,458. This one wasn’t too bad unless you dig a little deeper. That was BEFORE they took their commission.
One major advantage for these online vendors are their policies. We recently did a secret test that of the major online options for selling your diamond. We dig into that a bit more in our trade-in article. They also offer a lifetime upgrade policy. Buying online obviously makes selling a diamond much easier. Both James Allen and Blue Nile offer full refunds for 30 days. Upgrading your diamond through a typical retailer usually does not give you the value you would expect. We purchased a diamond ring from Tiffany & Co for other purposes (making videos and keeping our reviews current) and used this as an opportunity to see what the other side of the business is like.
You could always try to go direct to the consumer. If you try and sell your diamond immediately after purchasing it, then your best case would be selling your diamond for 80 or a loss of 36%. Again, this is in an absolute best-case scenario buying bricks & mortar. Thinking of selling your diamond at auction? What if you bought the same stone online? Craigslist has its own risks. According to the New York Times, “… Well, as we explain here, that means you received far better value buying that diamond in the first place.
With a 25% profit percentage, that means the price you paid was 125. Let’s be generous and assume that diamond prices have risen 10% since the diamond was purchased. Think You’re A Diamond Pro? Think you’re a Diamond Pro and can save 25%? Choose the diamond that you like better. But here’s where the painful realizations begin to descend upon people who are looking to sell diamonds – whom do you turn to to sell a diamond at the current “market price? The answer is unfortunately nobody.
