The most significant demographic consists of younger couples, particularly Millennials and Gen Z, looking for engagement rings.

These buyers treat diamonds as a commodity rather than a sentimental item.

Dealers buy stones with minor chips or outdated cuts to "refresh" them for modern resale.

The buyer of a used diamond ring is typically someone who prioritizes over the traditional retail experience. As the stigma of "pre-owned" continues to fade, this market is expected to dominate the mid-tier jewelry sector.

Smaller independent jewelers buy used rings to dismantle them, using the stones for custom designs. 4. Vintage & Antique Collectors

Sustainability is a major driver in the modern jewelry market.

📍 The "who" has shifted from those who have to buy used to those who choose to buy used for better value and ethics. If you'd like to refine this further, tell me:

The for this paper (e.g., academic, business blog, or trade journal) Any specific word count requirements If you need a works cited or bibliography section

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