Selling lab-grown diamonds.
One of the popular discussion pieces of the discourse about lab-grown diamonds is that they have no resale value. That’s why you should buy natural, mined stones. I’m a fan of natural diamonds, but I’m here to say that selling lab-grown diamonds usually isn’t a problem. I can sell them, and I’ll help you to sell them too. It’s not even that hard. I broker them back into the trade and it usually takes less than a week. I’ll pay on the spot for local sellers who can schedule a time for inspection or, for people who are shipping things in, within a few days. I charge a modest commission for my time and if there are direct costs involved, like lab fees or shipping, I pass those directly on to you.
Here’s what I’ll buy:
Any undamaged CVD or HPHT lab-grown diamond over a carat that’s accompanied by grading paperwork from GCAL, IGI, or GIA. Any shape. Any clarity. Any color. Call me. We’ll arrange for an inspection and I’ll give you a no-obligation offer. If the mounting is gold or platinum, I’ll buy that too. It’s as simple as that. What you’re reading online about how it’s impossible simply is not true, you CAN sell lab-created diamonds, and I’m prepared to prove it.
Here’s what I won’t buy:
Cubic zirconia. Moissanite. ‘Hybrid’ diamonds. Diamondite. Diamondoid. Any stone that is pretending to be a lab-created diamond but that’s really something else. Stones without paperwork or paperwork from other labs. Any stone with damage.
Here’s what I might buy:
Stones under a carat. This is going to be on a case by case basis. Sometimes I’ll go as low as 1/2ct but it’ll depend on the stone(s) involved.
Stones graded by other labs or without paperwork. I have relations with all 3 of these labs and I can arrange to get them graded for you, whether you sell them or not, and I can grade them in-house here. There’s a fee for this, and if it’s going to go out to a lab, it takes a bit of time.
Here’s what you can expect.
Prices change nearly daily, and mostly they’re dropping at the moment. Expect the resale value to be about 1/2 – 1/3 of the current asking prices new for comparable stones advertised on the internet. Check out www.jamesallen.com, www.diamondfoundry.com, or www.brilliantearth.com for a benchmark. Please note, this is not the same as what it might have appraised for, even if the appraisal was written here. That normally has to do with an estimate of what it would cost your insurance company to replace it for in a loss. That’s a totally different thing. It also isn’t based on what you paid. I will only bid on stones that I’ve personally inspected, and I do not guarantee an offer on anything. Bids are not appraisals but they’re free of charge.
The buyers here are 3rd party companies and I’m serving as a broker here.