People sell diamond rings and jewelry for a variety of reasons: in order to raise cash, to upgrade and refresh their jewelry box or to simply let go of jewelry that they no longer want or need. There are multi...
Recycled DiamondsOctober 28, 2014 - Diamond Articles
White Pine’s mantra is “Every Diamond Matters”. This means that it will take the time, through its dedicated teams, to value a collection of low quality melee stones with as much care and consideration as, at the other end of the scale, 1+ carat high value items. There are plenty of businesses set up to buy the larger stone sizes, but very few prepared to buy stones of all sizes, grades and conditions. And even fewer who have the diamond expertise and knowledge to give confidence to consumers that they are being given the right price for their diamonds. Recycled diamonds bought by WPDiamonds go back into jewelry manufacturing.
Specialists In Recycled Diamonds
Whether you are a member of the public, a manufacturer with unused inventory, a jewelry retailer who has excess stock, or a pawnbroker, precious metal dealer or refiner that has accrued diamonds, you will want to realize the true value of your assets at the best possible price. Here lies the problem. Finding a reliable, responsible and principled company to deal with might appear to be nigh-on impossible. Well almost. White Pine Trading has been operating since 2010 and is providing just this proposition to the trade and public. The company today, quite reasonably, considers itself to be the king of the recycled diamonds sector.
Good for the Environment
Even the lowest quality stones are capable of being re-cut and repackaged back into the jewelry sector; recycling diamonds allows the flow of secondhand diamonds back into meaningful jewelry production. This in turn gives a strong ethical rationale by reducing the burden on mining activities and thus lessening environmental impacts, something which White Pine, in common with a growing number of jewelers and consumers, takes very seriously.
For the record, it is estimated that over 4.5 billion carats (900,000 kgs) of diamond has been extracted from the ground since mining… for the mineral first began. Due to the inherent hardness and durability of diamonds, much of this volume is still in circulation throughout the world. However, the recycled diamond business currently represents less than five per cent of the total diamond industry sales a situation that White Pine aims to redress.
In the other meaning of the word value, the company has access to a huge upstream sales contact network and constantly revises its prices to reflect the market. In some senses it helps set the market rate, constantly monitoring price movements and adjusting its buying prices accordingly.