You’re considering selling your diamond jewelry. Like many of our other customers, this may be your first time, so you aren’t sure where to turn and who to trust to not only get you the best diamond buyback value, but also help you every step of the way. You need to find a partner you can rely on who can provide you with a competitive diamond resale price. There are many options to consider. Do you return to the jewelry store where you made the purchase? Do you try your luck on another diamond resale platform? Or take a trip to your local pawn shop? While these are all possibilities, they limit the resale value of your diamond jewelry. That’s where Mondiamo comes in. Let us explain how we maximize diamond or engagement ring resale values.
"With Mondiamo’s global distribution channels we can ensure you receive the best value for your diamond jewelry piece"
How the Market Affects Your Diamond Resale Value
Diamonds are a global business. According to a recent article on Mining.com, the U.S. is the largest consumer market for diamonds at about 50% of global demand. However, Greater China, which includes Mainland China, Hong Kong, Macau and Taiwan, and India represent the industry’s fastest growing large markets. That’s important to consider as the diamond market, which in turn affects the resale value of your diamond jewelry, is driven by global demand and liquidity.
Let’s take that diamond resale value concept back to your local jewelry store or pawn shop. That establishment may have limited resources available for diamond buyback. In order to consider purchasing your item, they need to evaluate their available cash on hand as well as how easily your item can be resold to their local market/network. There is a risk of not being able to sell your item quickly, thus tying up cash resources, which often is reflected in a low diamond resale price being offered.
What Our Global Difference Means for Your Diamond Jewelry Resale
At Mondiamo, on the other hand, we have an extensive international network with hundreds of partners in the diamond industry across the globe.
As a pure-online player, Mondiamo has lower overheads than a retail store which results in us being able to pay you more and maximize your diamond ring’s resale value.
Those partnerships allow us to consider diamond buyback markets both locally and internationally and identify where the demand is highest for your particular diamond engagement ring or other jewelry, ensuring we maximize the value of your diamond. In addition, as a pure-online player, Mondiamo has lower overheads than a retail store which results in us being able to pay you more and maximize your diamond ring’s resale value. So when considering selling your diamond jewelry, take the guesswork out of how to get a competitive diamond resale price. Think Mondiamo and realize your true diamond engagement ring value through our global network.