Why platinum has no resale value?

Marta Hauck asked a question: Why platinum has no resale value?
Asked By: Marta Hauck
Date created: Fri, May 14, 2021 12:41 PM

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Top best answers to the question «Why platinum has no resale value»

“Since the domestic demand for platinum is only 2%-3%, not much platinum trading happens in India… Platinum also has poor resale value as only a limited number of shops buy it back. Besides, compared with gold jewellery, making charges, close to Rs 500 per gram, are much higher for platinum jewellery.

FAQ

Those who are looking for an answer to the question «Why platinum has no resale value?» often ask the following questions:

👉 Resale value of jewelry?

Pricing when selling your jewelry usually comes under the jurisdiction of needing a Resale Appraisal, as mentioned before. The idea of Fair Market Value can seem a bit abstract, so let’s put this example in more manageable terms. Let’s assume that Joe bought a diamond ring for $5,000. Before sales tax the price is $4,500.

👉 Do diamonds have resale value?

You're expected to lose around 25% to 50% of the diamond's cost value if you try to sell it in the market. The resale value of diamond indeed depends on several factors and does not simply fluctuate like gold rate. Typically, you should expect to resell your diamond at 25% to 50% lower than the price you bought it.

👉 Is diamond resale value low?

A Diamond's Selling Price

Diamonds indeed retain a portion of their value… The quality and condition of a diamond also impact resale value. The precious metal in a piece of jewellery also retains a portion of its value, but much of a piece's worth lies in other factors: Labour.

Your Answer

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