Valley diamond dealer sees rise in divorces - New York News

Valley diamond dealer sees rise in divorces

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PHOENIX -

Maybe it's a sign of the economy, but recent studies show that more and more people are getting divorced in Arizona.

And it appears that those same people are trying to get rid of some valuable pieces of their marriage, including their engagement and wedding rings.

They appear to be cashing in on their broken hearts.

Diamond retailers say they are seeing more and more customers coming in. Now that we're in a new year, and it appears the economy is getting better, it's out with the old and in with the new.

Diamonds -- different cuts, different sizes, different price tags -- each with its own story. What may have started as a fairy tale sadly didn't end that way.

"It was to begin with. [But] a lot of people over the years show their true colors," says Monica Gomez, recent divorced.

Monica Gomez got divorced in July and recently decided it was time to sell the princess cut ring she'd grown used to seeing on her finger.

"It was just breaking point. All right I need to do this for myself my own health benefits."

And she's certainly not alone. Avilan Diamonds, a diamond dealer that buys and sells the coveted precious stones, says business is booming here in Arizona. Divorcees are deciding it's time to let go of the past and move forward.

"They're feeling more positive, maybe in 2013 the economy is improving, their house value is improving so maybe it's time to move on where they were unsteady before," says Jana Hadany of Avilan Diamonds.

They see rings of all shapes and sizes come through here. Their customers are women and men of all ages.

"Men are different, they don't have the emotional tie, they are looking at it from a financial perspective. women have an emotional tie and that's what's so important to them," says Hadany.

Monica admits giving up her ring wasn't exactly easy initially. But she says what she got in return was incredible.

"If you think about it, it's just a second in time you have your entire life, it doesn't matter how old you are, you have your entire life to say that was the beginning of the rest of my life," says Gomez.

Hadany from Avilan Diamonds says she hears follow up stories all the time from customers about what they bought with the money they got for their diamonds.

Some go back to school -- some buy condos -- some spend it on plastic surgery. By the way the biggest diamond sold to her by a customer was 30 carats and it went for millions.

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