The Process of Recycling Diamonds

March 18, 2011

Are you holding on to any old, broken, antique, or unwanted diamonds?  Have you considered looking through your house in order to check if there happens to be any diamond jewelry you may not be using anymore?

Due to the rockiness of the current economic climate, the prices of commodities have skyrocketed, and that includes diamonds.  What this means for the average consumer is that the time is ripe to sell your precious metals and stones if you have any on hand that you may have been meaning to part with.  Or even if you haven’t been thinking about selling any of your jewelry, the current prices may give you pause and make you reconsider your opinion on the subject.

The reason why the prices of commodities are so high in the current arena is due to the tendencies of investors.  Normally, investors would sink their assets into economies and businesses, giving startups capital in hopes to see exponential gains when the businesses in question started to generate revenue.  However, in recent years the economy has become uncertain and investors are more hesitant to give money to startups.  They are also leery of putting their money into paper currency, given the world economy’s modern tendency to flux.

As we all know, the paper that currency is printed on is worth next to nothing in its own right.  Rather, what makes money worth anything at all is the strength of the country’s economy that is backing the currency.  Even the traditionally strong paper currencies such as the US dollar or the Euro have been taking hits recently, making investors shy away from placing their assets in the paper currency market.

In lieu of paper currency, investors have been turning back to the commodities of precious metals and stones.  These command an inherent value. Not only is the piece of diamond jewelry you have worth something due to its beauty and craftsmanship, the gold, diamonds, and other precious metals and stones that went into the work also command a price.

Since investors have revitalized their interest in commodities recently, the prices that commodities demand have also gone up.  The reason behind this is due to simple economics: when the demand for commodities goes up, the supply must necessarily go down.  When the supply of commodities lowers, the price rises accordingly.  Thus, now is a perfect time to sell your old, broken, unwanted, and antique diamonds, as you will see a greater return on them as compared to ever before.

But what, exactly, is the process of recycling diamonds?  That is, of course, what the business of Cash for Diamonds USA is – we take your diamonds, refine them, and sell the ore to interested investors.  Here we outline the process of your diamonds coming to us and ultimately being shipped out to the investor.

First, you contact Cash for Diamonds USA either through the simple field on our website or you can call us by phone.  After, we send you an absolutely free FedEx shipping label.  It doesn’t matter how large or small your shipment of diamonds is – we work in bulk capacity, so we can handle anything.  If you have special needs in regards to shipping – for example, if you have an extremely large shipment of diamonds – contact us and we will provide a special shipment process for you.

We at Cash for Diamonds USA understand that you may be a little wary about sending your diamonds through the mail.  After all, diamonds are a high-ticket item and the idea of theft may concern you.  However, this is why we work through FedEx, which is a trusted shipping company – and in addition to the protection that FedEx offers, all of our shipping labels are insured.  They even come with a tracking number so you can follow your diamonds from your door to ours with no trouble.  We have never lost a commodity shipment in all our years of operation, so you can rest easy that your diamonds will make it to us safely.

After we receive your diamond shipment, we then have our team of appraisers look at the diamonds in order to give you a fair price.  Our appraisers are certified, so you are assured of an expert’s opinion regarding your diamonds.  This is why we are able to offer such good prices even on old or broken pieces of jewelry – the profit you receive from your diamonds is based off of the diamond’s cut, clarity, and karat, not off of the physical appearance.

Once your diamond has been appraised, we then cut you a check for the amount the appraiser says that the diamond is worth.  We can also send you the payment via PayPal if you would prefer to have your money sent to you electronically.  Using PayPal also dramatically reduces the amount of time it takes for your payment to arrive.

After you have been paid and you are satisfied with the arrangement, we process your diamonds, separating the diamond ore from the other precious (or not precious) metals that may come along with the shipment.  Once the ore has been refined and polished, we then sell it off to investors who are interested in collecting diamond ore.

This is the full process of how we at Cash for Diamonds USA work.  We take you easily through the entire diamond recycling process from soup to nuts, from diamonds to cash!