How Different Can the Price of the Diamond Be When You Search For Places That Buy Jewellery?
Want to sell off your diamond? You must be in search of the correct shop then? But did you know that diamond has different prices for different kinds of seller and, that you might be losing too much of profit if you are in a hurry?
This is what we would be discussing here. So, what are the different prices for diamonds?
- Cash price:
Say you are in a hurry, and heading to a jewellery store for selling your diamond. Do you know how would the store owner do business with you? Here is the real picture.
Any jewellery shop owner has a wholesaler of diamonds, and he prefers to borrow the gem only from his selected wholesaler. And, the owner would only give the money when the jewellery is sold out. In accordance to the profit he makes, the owner would calculate his profit margin and pay for the diamond to wholesaler giving him some profit as well.
This is the process of making business, in diamond jewellery. Now, when you come to the store and demand to sell the gem, firstly the owner wouldn’t take it, if does it can arouse many trust issues with his wholesaler. So, in this case, you can only sell off the diamond if you offer it at a lesser price.
If you ask him to reason you, he would say that he is doing the business with you out of sheer risk. He does not know when and how can he sell it to another customer, so that might be a problem for him. Now, on your part this will be a unprofitable deal.
Remember, the higher the risk, the lesser is the amount that you get for your gem stone. - Call Price:
This price is decided when the owner manages to select a buyer for your stone. It happens quite rarely when the jewellery store owner thinks of searching a customer for you and for himself. In this case the risk is slightly lesser than that of the cash price. But, this somehow doesn’t mean that you will be getting a very good amount for your gem.
Generally, you get a 20% of the resell value for your diamond, in the minimum. But, in such cases you might get a fairly 15% of the price. Because, the jewellery store owner takes a part of commission from your profit. After all, he brings the customer and plays the middle man in the entire transaction.
If you are in need of the money in a day or two, then you might go for this price. - Business Price:
When you have many uncertified loose diamonds and you wish to get a good sale, then you might go to a store with them and negotiate over a price. The negotiated price that the store owner agrees upon is the business price for the gem.
Are any of the above prices making a good profit? Don’t think so.
When you search for places that buy jewellery you might think where to get the exact price, hence we come to the conclusion that the perfect and profitable price is got when you do a business with the second hand manufacturer of the gem stone. They generally have sister companies which are always in need of diamonds and the demand is not easily fulfilled by the diamond wholesaler, so they would search for extra diamonds.
Bunk the idea of jewellery store and definitely never go for the pawn shops. Choose a reputed second hand manufacturer for your diamonds and have a great deal.
