Diamonds are considered to be celebratory gemstones, representing typically one’s prestige and wealth. However, over the years, diamond prices have fluctuated significantly. Whether you want to sell a diamond heirloom or are interested in purchasing a diamond asset, you may wish to know, ‘Do diamonds appreciate or depreciate?’ Although there is ideally no straightforward answer, the fact is that a diamond does have a resale value. Continue reading below as we cover whether diamonds increase or decrease in value with time and how can you obtain the best possible price when selling it to trustworthy pawnbrokers London.
Do Diamonds Increase in Value?
If you ever ask yourself the question ‘does a diamond appreciate?’, The simple answer is that unfortunately, diamonds do not usually appreciate over time. Although it depends on many factors like how and when you bought it, the fact is that most of the diamonds have depreciated over the last ten years or so.
There is indeed a common misconception that diamonds are rare and eventually, increase in value over time. Like cars or other luxury assets, a diamond’s value will dramatically drop once you step out of the jewellery shop. Why? While one of the factors is known to be the retail mark-up, many other aspects play a significant role in determining the resale market value of diamonds. Now:
For those who are wondering whether diamonds have resale value, the short answer is yes. Whether it is a family heirloom, a loose diamond or an engagement ring, all diamonds have a resale value. While diamonds are always desirable and coveted, there is indeed always a booming market for second hand diamond jewellery. Thus, if you want to raise instant cash in a hard-up situation, you can choose to sell your diamond jewellery to any trustworthy ‘pawnbrokers near me‘ or pawnbrokers London.
How to Get the Best Price when Selling your Diamond Jewellery?
Diamonds are undoubtedly one of the hardest elements in the world. However, a diamond can also get chipped and fractured. Whether it is a diamond necklace or a diamond engagement ring, make sure to keep the jewellery item in good condition without any significant dents and missing diamonds, thereby enabling you to secure the best price when selling it for cash.
However, while a diamond certificate is an official report of a diamond’s characteristics, it may allow potential diamond buyers or professional pawnbrokers in London to provide you with a higher price offer for your diamond jewellery. A diamond certificate includes vital details like the diamond’s cut, carat, colour, clarity, symmetry and fluorescence.
More significantly, if you want to obtain the best price for your diamond jewellery, it is always essential to choose a reliable diamond buyer to make the process smooth. With years of experience in dealing with all kinds of diamond jewellery items and comprehensive knowledge of changing market prices, The Luxury Hut pawnbrokers London are able to provide a competitive price offer and make the selling process quick as well as convenient. To begin the process:
- Fill up the online form
- Get your initial price quote
- Send your item or book an appointment at our office in Hatton Garden,
- London to visit in-person with your asset
- We will make a final price offer
- Accept it and get paid within minutes.