Archive for February, 2012

The Diamond Pipeline. A breakdown of the world travels of Diamonds, and who pays the bill.

 

The Diamond Pipeline:

A breakdown of the world travels of diamonds, and who pays the bill

Written by Anne Johnson, Managing Director at MJ Gabel

The fine jewelry industry seems to be perpetually filled with notorious mark-ups and yet what appear to be constant blow out sales. Diamonds fall directly into this mysterious game of price shopping, and sale hunting. How is it that a jewelry sales person seems to always be able to pull out a calculator and knock down the already 60% off price of a diamond engagement ring another few notches? Who is getting the good deal: are diamonds truly as expensive as they appear?

At the retail end of the diamond spectrum, diamonds truly are as expensive as they appear, but why? If a diamond’s market value is less than it’s retail value, where is the money going? In order to get an idea of what goes into the price ticket on a diamond at your local jeweler, it is important to understand how a diamond gets into the showcase to begin with.

By the time a diamond reaches your local jeweler, it has already traveled around the world. The majority of diamonds are mined in only six of the world’s countries: Botswana, Russia, South Africa, Angola, Namibia and Australia. Rough diamonds are immediately graded for their value when they initially are extracted from the mine by a “diamond valuator” (Diamond Consultants, 2012). The valuator looks at each rough diamond for their size, color, quality, shape, and cuttability. Each rough diamond has the potential to be cut into a multitude of different polished diamonds, and thus are separated into up to “12,000 different categories in preparation for sale” (Diamond Consultants, 2012).

Continue reading ‘The Diamond Pipeline. A breakdown of the world travels of Diamonds, and who pays the bill.’

Selling your Diamond Ring

Selling your diamond

At the forefront of MJ Gabel is our ability to purchase diamonds from the public at a fair market price based on the diamond you have. Our standing within the diamond industry, ability to appropriately grade your diamond, and the worth we see in you as the consumer allows us this advantage.

Whether your diamond is loose or mounted in a setting, all diamonds are received and viewed by our specialists who are trained in GIA standard grading techniques. Any certifications that have accompanied the diamond are also taken into consideration. Following our evaluation process, a purchase offer is made to the customer based on current market prices of diamonds of the same caliber.

There is NO OBLIGATION for the customer once a purchase offer has been made. It is important to weigh all available options when selling your diamond, and MJ Gabel can help make those options clearer.

Our diamond specialists are available via phone conversation, or email anytime for a swift response!

www.mjgabel.com