our Archive for May, 2011
San Diego: Time to Sell Diamonds Now?
San Diego Jewelry Buyers (SDJB) is reporting that high gold and silver prices are causing many consumers to ask about diamond prices and whether today is also a good time to sell diamond jewelry and loose diamonds. SDJB says that now indeed may be a good time for people who want extra cash to sell diamond rings, necklaces, and earrings that are gathering dust in a jewelry box.
The industry leading diamond portal for all things diamonds Idex Online has reported recently that prices are increasing for diamonds at both the retailer and supplier level. Idex says that supplier inflation rates have been at double digit levels in recent months, while the retail inflation rate for diamonds is multiples above what it has been in years past.
“What we have seen over the past year is gold prices increasing by more than 25%, and polished diamond prices up by around 12%,” says an SDJB spokesperson. “Because both gold and polished diamond prices are at record levels, diamond buyers like SDJB can pay customers more when they sell diamonds and diamond jewelry set in gold.”
SDJB also adds that there is an increasing demand for designer, vintage, and antique diamond jewelry from San Diego Jewelry Buyers’ network of resellers, which extends into Europe and Asia. Therefore, SDJB pays a premium price when customers sell diamond jewelry from top luxury makers like Tiffany, Cartier, Van Cleef & Arpels, and David Yurman, and when they sell diamond jewelry from the Art Deco, Edwardian, and Victorian eras.
When consumers do sell diamonds for cash or for an instant cash loan, SDJB emphasizes that while now is a good time to sell and pawn diamond jewelry, consumers should not expect to receive an amount close to what they paid retail for the item. This is because of jewelry store markups which can exceed 300% to cover the time and overhead costs of the jewelry store owner.
San Diego Jewelry Buyers’ website is full of tips and advice to consumers who want to pawn or sell diamonds, gold, silver, Swiss watches, and other luxury gift assets. Visit SanDiegoJewelryBuyers.com for further information on such topics as: Understanding A Diamond Grading Report, How to Sell Diamond Engagement Rings, How to Sell Gold & Spot San Diego Gold Scams, Questions to Ask a San Diego Gold Refinery, and more.
Potential customers can call San Diego Jewelry Buyers at (619) 236-9603 to schedule a free market appraisal of everything from diamond jewelry and gold bullion coins to silver flatware and designer handbags. Out of town customers can call their estate buyers toll free at 800-557-9413. SDJB’s diamond buyers serve diamond sellers nationwide from the company’s downtown offices and showroom in the San Diego Gaslamp. They provide collateral cash loans and buying offers up to $250,000 on diamonds and diamond jewelry.
Located in the Gaslamp Quarter of downtown San Diego, SDJB leverages over 30 years of industry experience and fine jewelry expertise to make certain that customers receive the fairest cash offers and loans for their diamond/gemstone jewelry and premiere brand watches. Serving La Jolla, Rancho Santa Fe, Solana Beach, Carlsbad and other surrounding communities.
