The second-hand 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 5 top reasons for this growing trend.
1. Save Money
The biggest advantage of opting to buy pre-owned diamonds or diamond jewelry 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 second-hand 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.
2. Resell Value
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 sell or upgrade your diamond jewelry at a later date.
3. 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.
4. Increased Selection
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.
5. Environmentally Friendly
Perhaps the most important reason to shop pre-owned jewelry is that it is the most eco-friendly and sustainable jewelry available. Mining causes damages to entire ecosystems, contaminating the surrounding soil, water and air. By opting for a recycled piece, you are not contributing towards any new diamond mining and are lowering your carbon footprint.
Where to buy pre-owned diamonds and diamond jewelry?
We recommend Gemma by WP Diamonds for all your diamond jewelry needs. They have a large selection of pre-owned loose diamonds, diamond jewelry, designer jewelry and luxury watches, all authenticated by their team of experts. With as much as 80% off retail prices, enjoy environmentally friendly and financially savvy purchases along with great customer care. They also offer affordable monthly payment plans and a 14 day return policy.