Spring has sprung and love is in the air :) Diamond sale are strong this time of the year do to new engagements. Rounds and princess lead the way in the 1-2ct range. This is a great time to sell your diamondsto get top dollar. Supple and demand is the reason why. In another couple months we will be in the summer doldrums and things will get slow. Selling your items now is the smart thing to do or wait for the Xmas season to get here………………..
Archive for the ‘Buying Jewelry’ Category
Gold is taking a pause and seems to me that is building a nice base for the next leg up. Still a great time to sell gold as we are not far the the 1900ish highs from last year. As long as the federal government keeps printing money to try and prop up a weak economy, I see no reason for gold not to break through 1900 and set new highs later this year. We are in a Presidential election year so a lot can change depending on who wins the election………
The market for used watches is firming up some but it is still a buyers market. There are still more sellers than buyers as is the case in most luzury items. The sport watches such as the Daytona, Submariner, yachtmaster and GMT are still the most desirable of the Rolex. Bigger is better is the case of the ladies Rolex. Women are defenitly trending to a mans size watch and with our aging baby boomers, I see no reason for that to change, as none of our eyes are getting any better as we age………….
With the dollar falling everyday and commodity prices sky rocketing, its just a matter of time before the prices of diamond go up. I think that we will see a sharp increase in the cost of fine stones. The prices of 1.5ct and bigger bring premium’s and its getting harder to find well made stones. The good news is there are no shortage of folks selling their jewelry do to hard times and divorce. The deals are out there you just have to search in your area for the guy who buys pre-owned treasures. Spring is here and young couples are falling in love. The diamond selling season is here……………..
Now is a great time to sell your diamonds, fine jewelry and Rolex watches. Why? Other than the fact that gold is at an all time high, christmas is almost here!!! I always pay more before the holidays because there is a better chance of me selling anything I buy quickly. So if you have been thinking of selling a diamond or jewelry item, do it now!!! After Christmas comes and goes, so does the time to get the most cash for your treasure’s………
In these trying economic times, used jewelryis coming out of the woodwork. People that need to sell thier stuff best be prepared for a shock when they go to sell it. Most jewelry store mark up there jewelry about 200% at least. Thats why when you take it back to the store you bought it from to sell it back you get, “we are sorry but we don’t buy jewelry, we only take it in trade towards another purchase” Of course, because if they had to buy it back you would be lucky to get 20 cents on the dollar back. How would that look :( Like you paid way to much when you bought it. Moral of the story, stay away from big stores with lots of overhead. You are paying for it!!!!
Pawnshopshave come a long way from the dark ages when they where in bad neighborhoods and had questionable characters that owned them. Getting a short term loan on your jewelry items can be a lifesaver for many folks. Selling your jewelry is a good idea if its going to be 6 months or more before you get right with your finances. But if you ever want to replace your jewelry or watches down the road, it could be more costly than if you took a loan out and got them back with the interest charges added………….
I saw this article and thought I would share it. You just got your future wife a diamond engagement ring. How do you get her finger size without her knowing and messing up the surprise? Check this out http://www.jewelryfacts.net/jbn_lc_find_your_ring_size.asp
When buying a diamond for the one you love, you should have a good knowledge of the 4 C’s. Clarity, color, cut and carat weight. Clarity is very important but one should not go overboard on this because any stone that is more than just eye clean (SI2), is spending money on something that can not be enjoyed be you or anyone by the naked eye. Better too spend your money on a bigger stone or one that has a higher color. Make sure that the diamond you purchase has not been clarity enhanced. This process takes a diamond that has flaws that can be seen to the naked eye and turns the stone into one that now looks clean to the eye by injecting a plastic into the stone to mask the flaws. This is not forever. If the stone is ever subjected to any heat from a jewelers torch, say to repair a prong, the plastic will discolor or melt from the stone. Always make sure you have an appraisal stating the stone is not been clarity enhanced.
Here is a great article that I came across. http://www.diamondreview.com/tutor/4cs/tutor_4cs_clarity.shtml
I look at many different brands of watches for sale everyday. Rolex, Cartier, breitling, Tag Heuer and many more. What determines the value of a watch depends on a few variables. Brand, retail price, condition, demand are the most important ones I can think of. When it comes to brand, Rolex watches hold their value better than most. The reason is because there is good demand for them in the used market and they are not discounted much when new. The stainless steel sport models like the daytona, submariner, yachtmaster and GMT’s are good examples. If you are selling your Tag Huer or another watch that can be found for deep discounts off the retail price, you can expect too lose a greater percentage of your purchase price. There are some watches that dealers will not buy at all that might cost over 1000 dollars retail because the secondary market for that brand is non-existent.