Top 5 Places to Buy a Used Diamond

Top 5 Places to Buy a Used Diamond 

Our publication, the Diamocycle Dispatch, discusses the many places to buy used diamonds. In this installment, we discuss our top picks for businesses to purchase used diamonds and give you our number one choice. Our family legacy in diamonds and jewelry began in 1857, over 164 years ago. We are proud to provide you with the advice we would give a valued customer. 

5. Everything But The House

Everything But The House is a non-jewelry-specific online auction. We believe it s a great place to buy a used diamond. The selection varies depending on the sale. They do a great job photographing the listing and providing descriptions. They also have an onsite gemologist. Our one complaint is that a 3rd party gem lab tests, not everything. They also sell lab-created diamonds, so be aware when bidding. 

For a Budget:$500.00-15,000

4. Sotheby’s 

Sotheby’s online jewelry auction is our favorite place to buy an investment-quality diamond at a great price. The images are flawless, and the bidding process is simple. If you are knowledgeable and shopping for a used diamond and want a good deal, this is a great place to shop. We feel you can save much money instead of paying new retail luxury prices. This is for investment quality jewels, and one could pay about ¼ -½ the retail price. Here is a piece we wrote about diamond auctions. DIAMOND AUCTION ONLINE AND IN-PERSON — Diamocycle

For  a Budget: $10,000-1,000,000+

3. Cash America Pawn

This pawnshop chain is not to be overlooked for scoring a low-down deal. We even created a guide on buying diamonds in a pawn shop. We are concerned that you must watch out and know what you’re doing. It is easy to get fooled by buying a lab-created diamond, treated diamond, or moissanite. This is the wild west of diamond buying, which does not mean you cannot score a deal. A Pro-tip is to buy a brand that you know is a natural diamond. The market price for used diamonds varies greatly here, so be aware. A Diamocycle Guide to Selling or Buying Diamond Jewelry in a Pawn Shop

For a Budget:$100.00-500.00

2. A Friend or Colleague 

Buying a used diamond from a friend is not a bad idea. A couple of Pro-tips are. First, have the ring appraised for a cash value by a gemologist before the transaction. We suggest paying to know more than 70% of the retail price of the used diamond. Also, remember you cannot return the ring; this transaction can be socially trickery if it does not work out. That said, it could be a win-win scenario for you and your friend. 

For a Budget:$500.00-$2000.00

1. Diamocycle Marketplace

Diamocycle is our marketplace for used diamonds. A 3rd party gemologist inspects everything. Listings are updated daily, and there’s always a deal. Best of all, you don’t have to worry about fraud or a diamond simulant risk. The marketplace is the best place to buy used diamonds for sale by owners. You can find many fascinating used diamonds, including rare old Europeans, old mine cut diamonds, circular brilliant (transitional cuts), and antique cushion cuts. Many of the used diamonds are GIA certified. 

You can shop from the comfort of your home and even make an offer on a used diamond ring. You don’t have to worry about the transactional risks associated with eBay, Facebook Marketplace, or Craigslist. We set the market price, so you’re getting a fair deal. You can also make an offer on the used wedding ring. Again our family legacy was in diamonds and jewelry was founded in 1857, and we know reputations are hard to earn and easy to lose. You also have the option to return the listing, unlike a jewelry auction or buying from a friend. Start shopping here

For a Budget: $500.00-$25,000