Okay. So I have some bad news…and this is unfortunate. I always thought diamonds were the most precious of natural stones and that’s why they’re so expensive. Well, it turns out they ARE the most precious, but they’re not as valuable as I thought. When we decided here at GlitterBug that we wanted to offer our customers more than just gold parties, we began to get educated on diamonds. Then we learned that the “market value” (or it’s true value) is roughly 6 to 12 times LESS than what we buy them for.
Yep. You heard me right folks. When you go to your local jeweler or online store, those prices are marked up a minimum of 6….all the way on up to 12 or 15 times the actual value. Boy was I shocked. But I guess it makes sense if you think about it. If the true value of the diamond is worth…let’s say $500. The price tag is $4,000 because someone has got to pay for the manufacturing of the piece, the advertising & marketing, the rent, the payroll, the insurances, and all the other costs that go into running a company. And there has got to be profit on top of that.
So if you’re ready to sell your diamonds (or you think you might be), call us here at GlitterBug and give us a shot. Although the price won’t be nearly what you paid for it, it will be fair market value and our money is good J It spends the same way everywhere, every time!
