Where to sell Diamond Ring?

Discussion in 'Living Room' started by LifesGood, 28th May, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
Page 3 of 4
  1. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Cos they can, some silly people out there
     
    MTR, 2nd Jun, 2017
    #41
  2. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    Its funny. My granddad would say there is a sucker born everyday. Now my dad says there is a sucker born every second.
     
    Sackie, 2nd Jun, 2017
    #42
    MTR likes this.
  3. LifesGood

    LifesGood Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    911
    Location:
    Perth WA
    A lot of people are happy to pay for convenience.
     
    LifesGood, 2nd Jun, 2017
    #43
  4. Cimbom

    Cimbom Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,568
    Location:
    Back in Canberra!
    My ring was 3k from the US. The same ring (slightly smaller centre stone, less detailed setting) was in an ordinary jewellery store here for 10k so probably 11-12k for one that's exactly the same.
     
    Cimbom, 2nd Jun, 2017
    #44
  5. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    Yes, they invest lots on marketing and 'brand equity'.. You bet there is a return on that...via sky high mark-ups of course.
     
    JDP1, 2nd Jun, 2017
    #45
  6. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    Yep, and convenience costs big time. Especially for illiquid stuff like gems and jewellery.
     
    JDP1, 2nd Jun, 2017
    #46
  7. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    We are talking 50% over in some cases, depending on size of diamond costly exercise
     
    MTR, 2nd Jun, 2017
    #47
  8. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    I say let people buy what they like and stop being so judgmental and superior about it. I've used second hand diamonds or broken up old jewellery and had rings made in the past by a manufacturing jeweller.

    I see buying jewellery from "name" brands as similar to buying expensive handbags, shoes, cars etc. Some people just see value in things I see no value in.

    Viva la difference...
     
    wylie, 2nd Jun, 2017
    #48
    lowIQ and LifesGood like this.
  9. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World

    I agree

    I just wont do it with diamonds, too costly, we are talking big $
     
    MTR, 2nd Jun, 2017
    #49
  10. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    Not really big dollars though.

    Not unless you are getting up into the two or three carat range, and I doubt people buying that size would be worried about cost, or would understand how to get better value.
     
    wylie, 2nd Jun, 2017
    #50
  11. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Right got it
    yes I was referring to larger rocks, makes a massive difference/savings. I paid around 50% less for my ring by sourcing stone and I saved around 40k, and it did matter to me. Knowledge is about being able to interpret GIA cert and dimensions of the cut

    In terms of smaller stones cartier - you will pay double, could be 10k rather than 5k. Still could be significant $ for some?

    However, I could be wrong but perhaps Cartier will somehow hold its value? Not sure? It Does when it comes to their older/antique jewellery, watches
     
    Last edited: 2nd Jun, 2017
    MTR, 2nd Jun, 2017
    #51
  12. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    No doubt the brands like Cartier and Tiffany hold.valurs better. One big reason for that is trust- this is an industry full of people like dastardly and mutley (especially on internet sites)so trust is important, even though the fair value of the actual material may not be much.
     
    JDP1, 2nd Jun, 2017
    #52
    wylie likes this.
  13. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    I believe Because of the selection/grades of diamonds they sell. Like you said be prepared to pay a premium for this.

    I guess if you dont know anything about diamonds you will easily get ripped off anyway with an inferior diamond. retailers spin a story and in the main want you to pay too much

    Perhaps cartier in the long run may be a better option ?
     
    MTR, 3rd Jun, 2017
    #53
  14. geoffw

    geoffw Moderator Staff Member

    Joined:
    15th Jun, 2015
    Posts:
    11,679
    Location:
    Newcastle
    geoffw, 8th Jun, 2017
    #54
    Sasim and Westminster like this.
  15. Ed Barton

    Ed Barton Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,229
    Location:
    Brisbane
    Lol!

    I would normally say she should offer to give it back but given the circumstances, I think she should have it made into a tiara for Brad.
     
    Ed Barton, 8th Jun, 2017
    #55
    MTR and geoffw like this.
  16. Ted Varrick

    Ted Varrick Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,941
    Location:
    No Mans Land
    Your insurance company might be getting little nervous, depending on how often you are near drains and toilets...
     
    Ted Varrick, 11th Jun, 2017
    #56
  17. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,523
    Location:
    Sydney
    I'm so glad that I never have to worry about diamond rings ever again in my life!

    What a waste of time it was researching the bogus four Cs, getting the diamond and then getting the ring made.
     
    spludgey, 12th Jun, 2017
    #57
    WattleIdo likes this.
  18. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    Sounds like you are upset about the relationship more than the ring?
     
    wylie, 12th Jun, 2017
    #58
  19. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    I would say the opposite is true. A lot of us find all the fluff and judgements and showing off about weddings etc rather repugnant. Sorry.
     
    WattleIdo, 12th Jun, 2017
    #59
  20. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,255
    Location:
    Sydney or NSW or Australia
    That's because there are more people than in his day ;)

    @datto may know a reliable fence.
     
    Scott No Mates, 12th Jun, 2017
    #60
    Ted Varrick and Sackie like this.
Page 3 of 4