Second Hand Diamonds
You will always get more from WP Diamonds, with its GIA educated diamond valuation team, than you will get from a gold buyer or a pawnbroker who don’t have diamond specialists in every location. And at WP Diamonds we will purchase almost all diamond jewellery (whether or not it has a diamond grading certificate or insurance appraisal).Get your Offer
Used Diamond Prices vs Retail Prices
What Is My Diamond Jewellery Worth Now?
The simple answer is not what it was bought for – when you sell diamond rings or jewellery, they generally fetch between 20% and 50% (sometimes 60% for GIA stones) of the original retail price (unless it was bought a long time ago).
Why Such A Big Difference?
The retail price of diamond jewellery is often more than double the wholesale price in the market (retailers have large overheads, premises, staff, marketing costs, credit card fees - don’t be hard on them!). Retailers have bought from jewellery manufacturers who have to add on their mark-up. VAT is added to all retailed goods, now at 20% in the UK.
Diamonds can suffer damage. Yes, diamonds are the hardest natural substance known to man, but they get chipped and abraded, particularly if worn everyday. Certification and guarantees cost money and are not applicable on sale.
About WP Diamonds
With offices all around the world, WP Diamonds knows the global diamond market. As a division of one of the largest recycled diamond buyers in the world, we can offer more money for your diamonds, jewellery, and watches than an independent jewellery shop or pawnbroker.
We are the nation's number one buyer of recycled diamonds
You Will Always Get More From WP Diamonds
We’re a company that takes the valuation and appraisal process seriously. Our experts understand the market and know how to get you the fairest price for your diamond.
If you buy a diamond engagement ring for £2,000, pre VAT the price is £1,666. The wholesale value will be less than £800, and the second hand price is likely to be around £500. The diamond may be worth less if there is damage or if the original mark-up by the retailer was greater.
The Good News
However, the good news is that by selling to a company which properly grades and values diamonds, you will maximise your ability to recover as much of the original cost as possible. You will always get more from WP Diamonds, with its GIA educated gemologists, than you will get from a gold buyer who is not able to grade and value the diamonds.
What We Buy
Unfortunately we cannot accept jewellery with a second hand purchase price less than £300 because of the costs involved with completing a transaction, such as insurance and delivery. We would be happy to offer on multiple pieces of diamond jewellery which exceed this limit.
Contact Our Experts
With over 150 years of combined experience in the diamond and jewellery industry, we are experts in diamond appraisal, metal assessment, and market assessment. Our process is unique and ensures that you get the best price for your diamonds or jewellery in as little time as possible.
Our experts have bought and sold diamonds throughout the 5 continents.