Any jewellers out there ?

[smurfchops]

Don't know if this is the right topic but my daughter has a �900 diamond pendant necklace, single stone, bought brand new at Christmas from a reputable jewellery outlet who say it is a very good quality stone and a third of a carat on a white gold chain. She has now seen another diamond pendant she prefers in a secondhand jewellers in Brighton, a larger stone for �550. Would it be worth selling the first, to buy the second? She would prefer the second hand necklace because the diamond is larger. Thanks everyone.

[lady_p_gold]

I am not sure where you were thinking of selling it but it is quite unlikely that she would be able to achieve that sort of price second hand. Maybe she could ask the jewellers in Brighton if they would make some sort of a deal where she traded it or something.

[smurfchops]

She was wondering if the jeweller in Brighton might let her exchange he �900 pendant for the �550 pendant as she was hoping for around �550 to sell the original.

[buildersmate]

Huge retail margins on jewellery - 50% is typical.

[kags]

I would say a 50% mark up is on the low side - more like 100% at least. I used to deal with a jeweller who marked up diamonds by 500%. I think therefore that it is unlikey the second hand dealer will do a straight swap for your daughter.

[smurfchops]

Thanks all. I will let you know the outcome !

[chrisluke246]

Its depend on your budget....you can keep the previous one and buy the other one too.... or else you can sell the old one....and choose one from online jewelry selling websites like www.katarina.com at discounted price... your daughter might found another one with larger diamond..... :)