The secondhand diamond jewelry market has recently taken an upward turn, with more and more people deciding to buy pre-owned diamonds and high-end jewelry. Below we outline the reasons for this growing trend.
The biggest advantage of purchasing a secondhand diamond or designer jewelry piece is the cost. As soon as a diamond or piece of jewelry leaves the store, its value drops. This means that you can make considerable savings by buying secondhand instead of new. Reputable companies selling pre-owned diamonds and jewelry refurbish their items to excellent condition meaning that buying pre-owned does not mean compromising on quality.
Buying new jewelry is similar to buying a new car. The second you drive a car off the lot, its value depreciates significantly, and same is true for jewelry. This can be avoided however when buying secondhand. By doing so you will see a less dramatic change in value should you later decide to sell or trade it in for a different piece. This is particularly good news if you are likely to want to upgrade your item at a later date.
Built to Last
Buying pre-owned will not affect the quality of your jewelry. Popular pieces items on the secondhand designer jewelry market are brands such as Tiffany & Co., David Yurman, and Cartier. These designers are world renowned for using the best materials; all of the highest quality, and creating pieces that will stand the test of time. Meanwhile diamonds are one of the hardest materials on earth and have stood the test of time. Furthermore, reputable diamond and jewelry sellers will authenticate, polish and refurbish their pre-owned items to excellent condition.
When buying a new piece of jewelry from a retailer, you only have the options of looking at the store’s current collection. Buying secondhand gives you access to a much wider selection: multiple collections, brands, and styles. Choose from vintage or even antique pieces, as well as modern items.