Diamond Articles

Upgrade Diamond Jewelry: Trade Your Jewelry In Today

October 28, 2014 - Diamond Articles

Looking to upgrade diamond jewelry? Updating your jewelry box is a great way to refresh your jewelry collection without breaking the bank. Find out why so many people are opting to upgrade and how you too can do so.


Why upgrade diamond jewelry

There are a number of reasons why people choose to upgrade their jewelry:

  • Your financial circumstances may have changed: you may now be able to afford something that you were not able to previously.
  • Update your jewelry box: refreshing the jewelry you have available and recycling the items you don’t wear, into new ones that you do, is always a good idea.
  • Change in style: while you may have loved a piece of jewelry when you purchased it, it could simply not be to your taste anymore.


Upgrading diamond jewelry: a popular trend

WP Diamonds has released data from a client survey conducted from sales made via their website during the period June to August 2012. The statistics reveal that 30% of people are selling their diamond items to purchase more expensive diamond jewelry in the future, with many customers already having identified their next item of jewelry.

update your diamond jewelry

WP Diamonds specializes in allowing members of the public to sell their diamond rings and other types of diamond jewelry online, and has found that people are increasingly realizing the value of their existing jewelry assets in order to upgrade their diamond jewelry. The most popular items being sold to WP Diamonds include diamond wedding rings, diamond engagement rings, and loose diamonds that have already been extracted from their settings. Andrew Brown, President of WP Diamonds, commented on the trend: ‘Being able to sell diamonds quickly into the second hand market and raising substantial capital from the sales is relatively new. The Internet and an increase in second hand diamond prices are providing a platform for which consumers can sell their jewelry. People are increasingly turning to sites such as wpdiamonds.com to provide them with the finance they need to buy their dream ring, earrings, or necklace – sometimes selling engagement or wedding rings for a larger item after getting married.’

Diamond prices have risen in the last two years; although difficult to track, second hand values have risen even more over the same period. Despite there being a difference between retail prices and the second hand value of diamonds, WP Diamonds has seen the average value of its purchases from consumers rising to close to $2500.


How to upgrade diamond jewelry: Trade it in

Simply take advantage of our upgrade program. WP Diamonds is a leading online buyer of diamonds, jewelry and luxury watches. Sell your diamonds, jewelry or watches for cash or for 10% more on your final offer in the form of store credit.

Steps to follow to upgrade your diamond jewelry:

  1. Fill out our online form and let us know that you are looking to upgrade.
  2. Get a price quote
  3. Use our free, overnight and fully insured shipping to send your diamond jewelry in. Or schedule an appointment.
  4. Get a final price and choose cash or store credit for up to 10% more
  5. Use the store credit to buy the jewelry of your choice!

Our process is fast, safe and there is no obligation to sell if you don’t like the final price. We would simply return your jewelry to you, at no cost.

How to buy new, upgraded diamond jewelry

Whether you are looking to upgrade your engagement ring, diamond studs or any other diamond jewelry, you will want to be follow a few simple rules.

Trade in: Trade in your jewelry for store credit. If you have diamond jewelry you no longer love or wear, don’t leave it to gather dust.  Sell it on and put the money towards your new purchase.

Buy pre-owned: Not only are pre-owned diamonds the most sustainable and eco-friendly way to shop diamonds, but they are also the most cost effective.

Be clear on cost: How much are you looking to spend? Establish a clear budget to help narrow down your search.

Prioritize what matters most: Are you looking to buy a larger diamond? Do you have your eye on a different diamond shape? Perhaps you long for a better quality stone? Buying diamonds is much like buying a house, unless you have an unlimited budget, there are always compromises to be made. Be clear as . to what the most important part of your new diamond purchase is.

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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