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Are pre-owned diamond watches any cheaper? Your guide to comparing prices.

Diamonds are part of what makes a luxury watch really luxurious. There may be no finer gift one can give to their spouse than that of purchasing a diamond watch, however, it does send many people wondering, are pre-owned diamond watches cheaper than new ones? It depends on several other factors like brand and diamond quality, condition, and somewhat on market trends.

[SIZE="<font style="vertical-align: inherit;"><font style="vertical-align: inherit;">5</font></font>"]How Much Does a Diamond Watch Cost?[/SIZE]

The cost of a diamond watch diverges widely depending on the following: brand, carats, quality, and craftsmanship. A relatively dominant diamond watch from a very expensive brand such as Rolex, Audemars Piguet, or Patek Philippe would cost between $5,000 to more than $100,000. At the low end of the spectrum, the likes of Citizen or Bulova will bring you diamond watches priced from $1,000 to about $5,000. Custom diamond watches would also vary depending on the setting and what material is used.

[SIZE="<font style="vertical-align: inherit;"><font style="vertical-align: inherit;">5</font></font>"]Reasons Why Pre-Owned Diamond Watches Are Affordable[/SIZE]

There are basically three reasons why pre-owned diamond watches are cheaper compared to brand new ones:

1. Depreciation – Like vehicles, new luxury watches experience depreciation right after they leave the shop. They may even be retailed at 20-40% lesser than the how much does a diamond watch cost?, just as an example.
2. Market Demand – The more a watch model is in demand, the more it fetches up a price on the secondary market. However, rare and limited-edition diamond watches usually maintain their value, if not appreciate.
3. Condition & Customization – Pre-owned watches with scratches or aftermarket modifications might be priced lower than mint-condition pieces.
4. Brand & Rarity – Watches that usually fetch great prices are those in exclusive collections or discontinued models regardless of being pre-owned.