Defining Recycled Diamonds & Their Value

Recycled diamonds are perhaps the fine jewelry industry’s best kept trade secret, presenting a compelling opportunity for jewelry designers and retailers to incorporate a sustainable, value-retaining option to newly mined natural diamonds and lab-grown diamonds.

The broadest definition of recycled diamond is a natural diamond that was previously owned or manufactured and has re-entered the diamond supply chain to be repurposed for another piece of jewelry. 

Recycled diamonds are acquired in many ways, including from the jewelry boxes of consumers, estate sales and bankruptcies, and part of inventory liquidations and closeouts of collections

5 Things You Need To Know About The Recycled Diamond Business

Never Turn Anyone Away

Increase your profitability and offer your customers a complete range of products and services. If a consumer wants to sell you a diamond or diamond jewelry item but you're unsure of the value, White Pine's experts can assist you in providing a fair offer. If a customer is interested in sustainable options, know that White Pine is in stock and ready to ship recycled, remanufactured stones. Never turn away business because you're unsure about the recycled diamond space. 

Demand For Sustainable Products Is Strong

Getting To Know The Melee Market

Diamonds have been ‘traded’ for hundreds of years. In the early days, transactions were informal and not influenced by anything other than the buyer’s desire for the stone. However, industry stakeholders quickly realized that there was money to be made as the buying and selling of diamonds became more formalized and frequent. This realization resulted in the formation of the global diamond market, as it’s known today. On a broad scale, the global diamond market accounts for the trade of all diamonds, everything from top top quality to industrial quality diamond material used to produce tools and equipment. This article will examine a specific sector of the diamond trade, known as the melee market. The term “melee” refers to diamonds less than 0.20ct in weight, typically seen in jewelry pieces such as engagement rings, wedding bands, tennis bracelets, and fashion jewelry. Any