Diamond Buyers

If you've recently broken off a relationship or have inherited an old family heriloom, you may consider at some point to sell it. While it is difficult buying a diamond for most consumers, it is even harder to sell and you quickly become frustrated by an abbundance of insulting offers and humiliation.

At CT Gold Buyers®, we make the process of selling your diamond rather simple. We begin by utilizing our diamond laboratory as you watch to quickly and accurately determine the diamonds characteristics. We then translate that information to you and apply the latest market wholesale prices to your particular stone. You can then decide if it is the right choice for you.

Unfortunately, the diamond market is saturated with available goods and due to the economy, there is very little demand compared to past years for diamonds. The wholesale market has become very competitive with prices more than cut in half from just a few years ago.

If you are selling a diamond, you will have to compete with this very competitive wholesale market and that is not going to be easy, unless you make a trip to CT Gold Buyers® as we work on much smaller profit margins when dealing with diamonds. We sell millions of dollars worth of diamonds annually back into the wholesale market and turn our inventory over very quickly, allowing us to constantly buy from the public. We have the advantage over jewelers as they struggle to make sales and have their capital tied up in their inventory. We simply eliminate the excessive inventory holdings and sell massive volumes of melee and large diamonds up to 5 carats on a regular basis.

About Selling Diamonds

Diamond Supply

Over the past decade, diamond production has spun out of control. With the technology to locate and mine diamonds always improving, you have to wonder just how rare they really are. The mining and production of diamonds prior to the new millenium was largely controlled by one company, DeBeers. If demand was sluggish, DeBeers would shut down mining operations to keep the value of diamonds stabilized. In the 1980's and 1990's, new mine explorations revealed large deposits in Australia and Russia. This paved the way for greater competition but the consumer market bought up as much as they could mine, keeping prices stablized. Then, in the late 1990's, canada located diamond deposits that very well may contain the largest and highest quality diamond rough ever discovered. The diamond market has held up surprisingly well in spite of it's supply up until the current global economic crisis. This recession has really exposed the fact that diamonds are very available and not as rare as they were said to be. Also, it has forced consumers to sell their diamonds, leading them to discover that their near perfect diamond they paid a fortune for was not that perfect after all. It has left a bad taste in consumers mouths so to speak and this will certainly take it's toll on the recovery of the diamond market in the coming years. Wether it lends ot consumers being more cautious and careful when buying diamons, or leads them to buying alternative gemstones in place of diamonds is yet to be seen.

Diamond Market Conditions

Demand for clean and colorless diamonds remains strong. Off color diamonds and heavily included diamonds have very little demand. Another large factor at play is Cut Quality. This is a relatively new characterstic but it is weiging heavily these days on diamonds because very simply put, if it' is not cut very well, it will not look right. Also, if it is not facing up as the size the carat weight represents, then it should have been cut smaller and these were things commonly overlooked in the past. Consumer now know the difference and expect a diamond to be cut Very Good to Excellent.. While some diamonds can be recut to make the better grade, it is time consuming and costly so if your diamond does not meet today's standards, expect to get lower offfers.