Maximize Earnings on Your Unwanted Jewelry

In some ways, this blog is about acquiring things, but often, I think about getting rid of things too. Especially at the start of a new year. Who wants to start 2015 with deadweight in their wardrobes, right? I know exactly what to do with clothing I no longer want. As I think back on my collection, though, I’ve noticed that I’ve gotten rid of higher end jewelry like diamonds and I never knew the best way to do that.

If you’re like me and just personally don’t like diamonds or you have diamond gifts from folks you’d like to forget or perhaps you have diamond jewelry that no longer suits your style, Diamond Lighthouse promises to get you the most money for those pieces. Diamond Lighthouse, a New York City-based business with over 30 years of diamond buying and selling experience, bridges the gap between diamond owners and the market of buyers (dealers and jewelers). What makes Diamond Lighthouse unique is that the company doesn’t buy your diamonds, it simply sells them for you, a setup that ensures you get the most money for your pieces.

Diamond Lighthouse’s process prioritizes security and transparency. You mail your diamond in a prepaid package that’s fully insured. The opening of your package and the evaluation of the diamond is video recorded for added security. You’re given access to an online portal to track offers once your diamond is made available to dealers and jewelers. For more on this process, watch this quick video. You accept an offer you like and then you are paid via the method of your choice. If this sounds like a service you could use, visit Diamond Lighthouse.

Disclosure: The post is in collaboration with Diamond Lighthouse. All of the opinions are my own.

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2 Comments

  1. January 24, 2015 / 8:30 pm

    Greetings – This is a great idea. I'm fine with consigning clothing, shoes, accessories and "costume" jewelry, but like this better for "real" gemstones and metals. Another option is to consider redesigning or resetting your jewelry, which you can do with a jeweler. A friend of mine inherited several pieces from a relative that just weren't her style – she had the stones remade into a different piece that she loves and wears a lot. I had a pair of small diamond earrings reset from 14kt gold into platinum. You do have to pay the jeweler for their time and materials, but it's a great way to remake older pieces that would sit in your jewelry box into something you really love and use. Cheers – Jennifer

  2. February 9, 2015 / 10:54 pm

    Jennifer,
    Carolyn from Diamond Lighthouse here … We love the idea of upcycling diamond jewelry that doesn't quite fit your style! While resetting your diamond is an option, there are many people that would prefer a different gemstone or a gem-less piece. Selling the diamond with the setting will get you more money, and it'll be much easier than resetting.Hope this tip helps! 🙂