Sell Second-Hand Diamonds

Sell second-hand diamonds securely to WP Diamonds, a leading international buyer of pre-owned diamond jewellery. Keep reading as we answer all of your questions about selling second-hand diamonds.

What Are My Second-Hand Diamonds Worth?

The simple answer is not what it was bought for – when you sell second-hand diamonds, 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.

Sell Damaged Diamonds

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. We can offer more money for your diamonds, jewellery, and watches than an independent jewellery shop or pawnbroker.

Why Sell Second-Hand Diamonds To 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.

AN EXAMPLE

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.

What Are My Second-Hand Diamonds Worth?

Read our downloadable PDF and find out how second-hand prices for diamonds differ to retail values and why WP Diamond Buyers are a smart choice.