{"id":6531,"date":"2016-12-06T00:00:00","date_gmt":"2016-12-06T00:00:00","guid":{"rendered":"https:\/\/uwscinm1cs.wpdns.site\/blog\/turning-damaged-inventory-into-profits\/"},"modified":"2025-08-28T13:28:10","modified_gmt":"2025-08-28T13:28:10","slug":"turning-damaged-inventory-into-profits","status":"publish","type":"post","link":"https:\/\/rapaport.com\/trade\/blog\/turning-damaged-inventory-into-profits\/","title":{"rendered":"Turning Damaged Inventory Into Profits"},"content":{"rendered":"

\"Know<\/p>\n

If you don\u2019t have a relationship with a diamond cutter (someone who actually cuts diamonds), chances are you\u2019re missing out on countless opportunities to realize additional revenue for your business. Hidden in your safe or stashed away at the back of your drawer are the lesser diamonds, which you\u2019ve taken in over the years. They may be chipped, scratched, burnt or broken – damaged goods in dire need of repair. More than likely, you have thousands of dollars tied up in diamond inventory that you aren\u2019t able (or prepared) to show in their current condition.<\/p>\n

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So how do you sell these diamonds without a decent cut grade or trusted grading report, especially if you are known as the trusted source for fine diamonds in your market?<\/p>\n

You can either sell them to a growing list of companies that specialize in the purchase of such goods (at greatly discounted prices), or you can find a cutter that you can work with and invest some time and money to turn this into inventory that you can present with confidence to any prospective customer.<\/p>\n

Finding a Cutter<\/h3>\n

Finding the right cutter isn\u2019t always about price. When researching to find a diamond cutter to work with, it is important to verify their credentials through their membership of organizations such as the American Gem Society, Independent Jewelers Organization, Jewelers of America or your regional jewelry organization. Most cutters have incentive programs in place for members of these organizations and should be able to provide you with references from their customers.<\/p>\n

Most importantly, you can tell a lot about the quality of work you can expect from a cutter by their preferred diamond grading laboratory, as the various diamond cut grade standards differ.<\/p>\n

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Pricing Guidelines<\/h3>\n

You get what you pay for. If you\u2019re looking for a cheap cutter, then be prepared to ship the same stone back and forth, consequently paying more in the long run. There are plenty cheap cutters out there, but if you\u2019ve taken the time to read this article, you\u2019re committed to the finest quality and craftsmanship.<\/p>\n

What to consider when choosing a Cutter:<\/strong><\/p>\n

1. Most cutters will charge a different rate for round and fancy and proprietary shapes. Fancy shapes will normally cost you 25-50% more than round shapes and proprietary shapes may be subject to additional charges \u2013 be sure your cutter does not infringe on someone else\u2019s design patent.<\/p>\n