What Is The Resale Value Of A Diamond?

“Diamonds are forever.”

Or so they say. While the statement is undoubtedly true — diamonds are strong and resilient and can last for pretty much forever — it only applies to the diamond itself. Not it’s value, and often not how special it is to you. Which means that if you are trying to sell your diamond jewelry, you’ll find that you will not be able to sell them for the same price that you purchased them for. In fact, the unfortunate truth is that you’ll often end up selling your diamond at a significant loss.

Want to compare the different prices of diamonds? Our diamond value calculator shows 5 different prices of diamonds: the retail price, online price, diamond buyer price, private transaction price, and wholesale price.

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Divorced? Should You Sell Your Wedding Rings, Engagement Rings, & Other Jewelry?

Divorce is never easy. From facing complicated emotions, to dividing assets and making custody arrangements, there are so many obstacles to overcome. Once the dust settles, and you’ve tackled all of these major concerns, you might find yourself questioning what you should do with your wedding ring, engagement ring, and other sentimental jewelry given by your former spouse.

What do you do with items that once held so many happy, joyful feelings? Should you keep them? Stuff them away in a drawer? Sell them? Or treat yourself to an upgrade? Here are some ideas on what you can do with that once-precious stone following a divorce.

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How Many Months Salary Should You Spend on an Engagement Ring?

For centuries, men have given women a ring as a symbol of love and commitment. In fact, the exchange dates back to Ancient Egypt, where couples would exchange braided reeds. The reeds were circular to symbolize eternity together. They were typically placed on the left index finger, as it was believed the left index finger contained a vein that ran directly to the heart. In the centuries following, rings made of various materials continued to be exchanged to symbolize the promise to wed, or the commitments made during marriage ceremonies. Eventually, Romans began using rings made of durable metals, like gold or iron, in place of braided reeds. It wasn’t until centuries later that diamonds become a popular option as a symbol for love and commitment.  

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Goodbye to Pink Diamonds?

The most significant mine for pink diamonds is shutting its entryways. In remote Western Australia, the Argyle mine is home to 90% of the pink diamonds on the planet, and is the 4th largest diamond mine in the world. This mine creates the absolute rarest pink and red diamond jewels.

Sadly, the mine is set to close at the end of 2020. As the mine has gotten deeper, extraction costs have risen to the point where it’s no longer tenable to maintain the mine. This situation presents a danger to the primary stock of pink and red diamonds.

However, the interest for pink diamonds isn’t diminishing.

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Have you heard about the 4 C’s?

For a considerable length of time, diamonds have enamored ladies and are perceived as images for status, love and allure. You likewise most likely caught wind of the truism “Diamonds are a young lady’s closest companion”. In private, I generally tell my companions (tongue in cheek) they are a person’s most noticeably awful adversary particularly on the off chance that they are amateurs in purchasing adornments.

What’s more, there’s a lot of truth in that…

Did you realize that most folks take a normal of 2 months from the beginning of their diamond search to making a last buy? In spite of having spent numerous hours doing research, a great many people still discover diamond shopping an overwhelming procedure.

Purchasing diamond gems isn’t as direct as purchasing a couple of shoes or another satchel. At the point when we are discussing a thing that can cost a large number of dollars, it is foremost that you comprehend what you purchasing precisely and making a buy just when you are 100% certain. Else, you may probably wind up with purchaser’s regret.

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What are Man-Made Diamonds?

 

With regards to man-made jewels versus genuine precious stones, did you realize that the present lab-developed jewels can be affirmed as “genuine” by the Gemological Institute of America?

Or on the other hand, that their synthetic structure and arrangement coordinate those of mined precious stones?

With regards to making these valuable stones, innovative advances have developed. Peruse on to get familiar with the contrasts between these precious stones.

What is a Man-Made Diamond?

Man-made jewels outfit compacted carbon and warmth to reproduce the procedures by which regular stones are conceived. The last item looks like a precious stone to the extent that numerous diamond setters experience difficulty separating them from mined ones. Yet, while ID gets dubious, prepared gem specialists comprehend what to search for.

As indicated by Fortune, “The machines and procedures used to make man-caused precious stones to have gotten increasingly refined lately, at long last ready to reenact the extraordinary weight and temperatures profound inside the Earth’s center that made natural jewels more than billions of years.”

Another significant differentiation is to what extent it takes to make a man-made precious stone versus a genuine precious stone. Lab precious stones take minimal in excess of half a month to deliver.

Normal jewels take a huge number of years to frame. They do as such around 100 miles beneath the world’s surface encompassed in colossal warmth and weight.

Man-Made Diamonds versus Genuine Diamonds

Lab-developed precious stones contrast from simulants in their substance and physical qualities. Simulants like Moissanite and CZs are effectively recognizable from regular precious stones on a substance and physical level.

That is the reason stimulants are so natural for a diamond setter to spot. Be that as it may, as of now referenced, the equivalent doesn’t remain constant for lab jewels.

The primary contrast among lab and genuine precious stones is simply the lab. Other than contrasting causes, lab precious stones structure in a small amount of the time it takes genuine jewels.

Things to Know About Man-Made Diamonds

Lab precious stones have various considerations and blemishes than mined jewels. Since carbon estimates 99.999 percent of their piece, some man-made precious stones even demonstrate more grounded, more white, and more splendid than regular jewels. In any case, a well-prepared adornments will realize what to search for to make the qualification.

A few organizations have made a procedure that utilizations “giver” material to shape custom jewels. Clients fill a crate with carbon-based materials, for example, photographs, texture, locks of hair, child teeth, or cinders.

These materials get cooked down to unadulterated carbon. This carbon is used in the precious stone making process. Regardless of the advantages of man-made precious stones, it is not yet clear whether they’ll hold up according to purchasers.

Laboratory Diamonds versus Genuine Diamonds

Mining precious stones is a work escalated process that can strip delicate biological systems. It has prompted fighting and subjugation in territories where the valuable stones get mined. Yet, will research facility precious stones demonstrate the more capable approach from a natural and social perspective?

The decision isn’t in yet. Surely, lab jewels are manageable. Be that as it may, might they be able to satisfy worldwide need?

At this moment, the appropriate response’s no. Man-caused precious stones to speak to a small detail. By 2019, the interest for jewels will have outpaced the characteristic inventory.

Some dread that man-made jewels could flood the market, yet these stresses stay unwarranted. A great many dollars of framework would need to be constructed first and a huge number of dollars put resources into creation costs. The way things are, lab precious stones speak to a bit of the all out jewel advertise.

Why Diamond Jewelry Is Beneficial In More Ways Than Just Beauty!

The individuals who have their birthday in April are fortunate: their birthstone is the desired jewel. Jewels are one of the most looked for after valuable stones on the planet. Be that as it may, why precisely are precious stones esteemed so attractive?

They’re Strong

One gigantic advantage of jewels is their fantastic strength. It is the hardest normally occurring material on Earth, which implies that it’s probably not going to get scratched or harmed by essentially anything. Precious stones are difficult to such an extent that they are regularly utilized in machine generation to cut or granulate mechanical materials. Jewels additionally have an unfathomably high softening point—they can even endure being inundated on fire!

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Bonhams Sets $1.2M Target for Van Cleef Ring

Bonhams will highlight a 2.17-carat Van Cleef and Arpels blue jewel ring at its up and coming deal, assessing it will bring $800,000 to $1.2 million.

The emerald-cut, extravagant exceptional blue, VVS2-clearness precious stone is highlighted by round splendid cut jewels. The piece, from a private gathering, will lead the September 26 New York Jewels sell off.

Different pieces from the Van Cleef accumulation incorporate an oval-molded, 21.56-carat Burmese sapphire ring flanked by precious stones, esteemed at $250,000 to $350,000. An emerald-cut, 6.09-carat, extravagant distinctive yellow precious stone ring, encompassed by white jewels, is evaluated at $140,000 to $180,000.

The deal will likewise include a round splendid cut, 11.11-carat, E-shading, VS2-clearness precious stone, which is relied upon to go under the sledge for $250,000 to $450,000. A 24.64-carat, extravagant yellow precious stone ring, focused between two white jewels, is esteemed at $270,000 to $370,000, while a pad formed, altered splendid cut, extravagant profound pink jewel ring weighing 2.42 carats conveys a gauge of $200,000 to $300,000.

A few Art Deco pieces, including two things from the bequest of German quiet film entertainer Joseph Schildkraut, will likewise be available to be purchased.

Bonhams will hold a presentation voyage through the pieces in Los Angeles, Hong Kong and New York preceding the deal.

DIY Diamond Jewelry Cleaning – How to Clean Jewelry at Home

Diamond jewelry isn’t cheap, but more than that, chances are due to the precious nature of the stone, any diamond jewelry you own probably has some sentimental value to you. As such, it’s understandable that you want to keep your diamonds sparkling and shiny. The good news is that you don’t have to visit the local jewelers every time you want to clean your diamond jewelry. In fact, there are several ways in which you can easily clean them at home.

Cleaning Diamond Jewelry At Home

The D.I.Y Methods

The simplest way to clean your jewelry at home doesn’t even require any items that you won’t already have. If you’ve got a small bucket, some dishwashing liquid, warm water, and a soft toothbrush, you’re good to go. Mix the water and the dishwashing liquid in the bucket, leave your jewelry in the bucket overnight (or at least for a couple of hours) and then gently brush, rinse with clean water, and let them dry.

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Diamonds are coming to blockchain technology!

Have you at any point contemplated how blockchain could influence the diamond business? Likely not, correct? In any case, presently blockchain innovation could improve how we track diamonds, from the mine to the gems store.

Be that as it may, there’s an issue with diamonds. Likewise with any well known industry, the diamond market isn’t actually squeaky clean. A few diamonds, known as strife diamonds, are unlawfully exchanged to store wars abroad. You may not know this because of the extreme interest for diamonds. Very nearly 50 percent of the interest for diamonds originate from the US — and is anything but a shock. All things considered, it is the go-to gem of commitment and weddings. Furthermore, on account of its solidness, diamond is perfect for mechanical use.

All things considered, digging for diamonds can be a fierce undertaking. The 2006 hit Blood Diamond, featuring Leonardo DiCaprio, acquainted the tragedies related with diamond mining in Africa to the world’s stage.

In any case, partners in the diamond business legitimately need to stop the exchange of contention diamonds, and blockchain may be the arrangement.

What Is a Conflict Diamond?

For the individuals who don’t have the foggiest idea about, a contention diamond is a whole diamond that is mined in an outfitted clash zone. The diamond is then exchanged, and the assets are utilized to fund the battling. These blood diamonds are generally connected with clashes in focal and western Africa.

As per CNN, around 4 percent of the world’s diamond populace originated from Sierra Leone during its common war (1991-2002). What’s more, that is from only one nation! In an article by CBS, specialists recommended that blood diamonds could make up 15 percent of the diamond exchange.

In spite of these insights, there are measures set up that endeavor to cover the illicit business. The essential on-screen character is the Kimberley Process. This accreditation plan associates nearby governments and worldwide associations to take care of the issue. Their answer: Ensure each shipment of diamonds from these regions has accreditation.

Does It Work?

The Kimberly Process says it does and asserts a 99.8 percent achievement rate.

In any case, with such a large number of delegates, thus numerous means among mining and selling the diamonds, misrepresentation is still profoundly plausible. Many accept the procedure could be increasingly successful, including the diamond monster De Beers.

The Diamond Blockchain

The De Beers Group, which possesses more than 30 percent of the diamond showcase, has as of late reported its aim to seek after blockchain tech. It’s hard to believe, but it’s true. One of the business heads needs to use the blockchain to control strife diamonds.

From what we thought about blockchain, it should work. Indexing diamonds on the blockchain will make straightforwardness. Just a chosen few will approach the record, so as to guarantee that every person in the process carries out their responsibility effectively. You never again need to confide in governments, the mines, the shipment group. On the off chance that the diamond is ensured on the blockchain, it’s genuine.

De Beers intends to follow the diamonds from introductory mining to conclusive deal. That way, you can follow each move of the diamond on the advanced record.

Their blockchain adventure, Tracr, propelled in January 2018. Regardless of being established by De Beers, the organization focuses on that it has no entrance to the information except if it’s shared by the information proprietor. Utilizing the Kimberly Process as a guide, they’ve contributed with diamond workplaces, makers, graders, retailers, and different partners to make the undertaking a reality.

In any case, they aren’t the main ones utilizing blockchain to murder struggle diamonds.

In 2015, Everledger was utilized to safely follow diamonds. It returned 2017 with another Diamond Time-Lapse plan (DDLP). This new activity tracks the entire procedure, from mining to confirmation, continuously.

In any case, Everledger isn’t totally disconnected to De Beers, either. This tech was worked by Dharmanandan Diamonds, a trust of the DDPL and a sight holder of De Beers. As it were, the makers of Everledger are approved buyers of harsh diamonds by De Beers.

Is De Beers the Solution?

IBM joined the diamond-following exchange April of 2018, collaborating with different adornments firms, and they weren’t the only one. Indeed, a Canadian NGO, Impact, left the Kimberly Process through and through, refering to that the De Beers arrangement was inadmissible.

On the off chance that this is valid, there could be more space for blockchain tech improvement in the diamond business.

Rundown

Saying conflict diamonds are an issue is putting it mildly. The assets from these unlawfully exchanged jewels are subsidizing brutality and dread. Blockchain offers a dazzling arrangement.

Up until now, we’ve seen industry pioneers acknowledge the new tech with great enthusiasm, yet there’s still space for the innovation to develop, and the procedure can in any case advance.

Be that as it may, one thing is sure: These activities are making us consider how we can counteract the exchange of blood diamonds and make ready to harmony.