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by Quizz 5015 days ago
A pre-owned diamond exchange platform. Inspired by this article recently on HN: http://news.ycombinator.com/item?id=4535611

During these hard times, give people a platform to sell their existing diamonds at a higher price than what jewelry stores are willing to pay. Disrupt the "estate jewelry" market specifically in the diamond space by bringing forth a dedicated Ebay type site that also includes appraisals (automatic/electronic?) as a separate fee. This would encourage people to sell all those diamonds that's been stored in safe deposit boxes waiting to be sold.

1 comments

I'd thought about this as well, turns out there is actually a thriving marketplace for pre-owned diamonds on Craigslist. It kind of blew my mind that at any given point people are selling ten thousand dollar diamond rings on Craigslist.