Diamond Articles

Post Holiday Gift Guilt- What To Do With Those Unwanted Presents?

December 10, 2015 - Diamond Articles
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The designer necklace you were bought that you just don’t love?

That luxury watch you were gifted that’s just not you?

You’re not alone.

Many of us receive presents from friends, partners, colleagues and family over the holidays that we never wear. The holidays are a time for family and friends getting together and sharing quality time. We exchange gifts, come together around good food and generally enjoy each other’s presence. However, we may not always enjoy each other’s presents. It can be an awkward part of the holidays when you receive a well-intentioned gift that just doesn’t work for you. Small inexpensive presents are easily forgotten but luxury, high-end gifts are more difficult. It seems a waste to simply leave them hidden away and unworn.

WP Diamonds has identified a significant increase in reselling of diamonds, jewelry and luxury watches during the post-holiday period for this very reason. Our data shows that activity spikes after the holiday as people look to find a purpose for these items. Over the last two holiday seasons alone, activity between the months of December and January jumped an average of 44.5%.

This seasonal surge in activity can be largely attributed to gifting and divorce season which peaks in the month of January. This plays a part as newly single men and women look to unburden themselves of old engagement rings. Coupled with those letting go of holiday presents, it is a popular time of year for selling back diamonds, jewelry and luxury watches. Many opt to upgrade or downgrade these gifts into a piece of jewelry that they love or simply walk away with its cash value. Unwanted holiday presents are thereby turned into something useful and worthwhile.

How to sell unwanted gifts

Selling online is not only a discreet way to take care of unwanted items but also a safe and convenient solution. With free price quotes and cash in your account in as little as 24 hours, WP Diamonds is a quick and easy way to deal with unwanted presents.

How to upgrade unwanted gifts

We also offer our customers an upgrade program whereby you can receive up to 20% more on your offer in the form of credit with our online and offline retail partners. This allows you to offload luxury items you do not want and instead select from some of the best diamonds, jewelry and watches on the market.

Why not return your unwanted gifts?

You could opt to return your item to the store it came from but this can inevitably pose problems. You need to know which store it came from and ideally have the receipt. If you don’t have this information, it can be difficult to obtain without offending the person who gifted it to you. Furthermore, when returning an item you can expect to receive store credit, which may or may not be helpful.

Tips for selling after the holidays:

  • Hold on to any box and papers as this adds to the resale value of your piece
  • If you have no paperwork on designer jewelry and diamond jewelry, your local jeweler will be able to help you out. Simply ask them for a verbal appraisal and make not of the core characteristics (type of gold, carat weight etc.)
  • Fill out our online form with as much information as possible for a free price estimate

Author
Bio: Written by one of our diamond, designer jewelry or luxury watch experts. With over 150 years of combined experience, our experts are able to comment on trends, share industry knowledge and provide diamond, designer jewelry and luxury watch education.

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