Here’s How You Can Identify Diamond Resale Value in 2021
April 15, 2021
Are you planning on selling your old diamonds? Whatever your reasons may be, we are here to guide you through it all. This article discusses all you need to know about diamond resale value and how to sell diamonds for the best deals.
How Diamonds Are Valued
To estimate the diamond resale value, you must take into consideration the market rates and prices of such stones.
The Gemological Institute of America or GIA lists four primary factors that affect a diamond’s value. These are known as the 4Cs – color, clarity, carat weight, and cut of a diamond.
Diamond Color: GIA classifies diamond colors on a scale of “D” to “Z,” where D represents colorless diamonds. Z signifies diamonds that are yellowish or light brown. When you resell diamonds, those with colors like blue and pink hold high value. A yellowish tint is not considered to be desirable in the case of white diamonds. Overall, if a diamond is clear and colorless, it shines brilliantly. Due to this, it has a higher diamond resale value.
Diamond Clarity: Very often, natural diamonds have many imperfections and flaws. This often compromises their clarity. But sometimes, these imperfections are too minimal to be noticed by the untrained eye. The diamond resale value also varies based on relief and inclusions present in the stone. Thus, the bigger the inclusion, the greater will be its impact on diamond clarity, and this will have a negative effect on the diamond value.
Carat Weight of diamonds: Due to the extreme precision required in weighing diamonds, the fraction of a carat can make a huge difference in the diamond resale value. As a result, you must keep an eye out for accurate weighing of your stone.
Diamond Cut: This involves facets, proportions, polish, symmetry, and depth given to the stone. The cut of the diamond determines the angle at which light enters it. If the light does not enter at the best angle, the diamond will not reflect light properly. This will result in a dark and dull appearance, which in turn will decrease the diamond resale value.
How to Estimate Diamond Resale Value
Estimating the diamond resale value can be pretty simple once you know what to do. First and foremost, you must compile the specifications of your stone to understand the diamond quality.
Start with the 4Cs. Understand how each factor affects the diamond resale value and compare it with the features of your stone.
Once you have understood where your diamond stands in the GIA grading system, browse through diamonds of similar grades. Check out their prices and how much they have been valued at. This will give you a clear picture of your diamond resale value.
Retail prices of diamonds are also dependent on other factors. Jewelers add extra charges to cover the overhead expenses. As a result, a similar diamond will be valued at a higher price at a jewelry store than the offer you receive for your diamond.
The most common place to resell diamonds is your local jewelry store. But keep in mind that your diamond will not fetch the same price you originally bought it for. So, set realistic expectations while reselling your diamonds.
Most jewelers may not want to buy your old diamonds because they can get them at cheaper rates from diamond dealers. So be prepared for low offers from such jewelry stores but don’t give in, or you will be ripped off.
Getting a Diamond Appraisal to calculate your diamond resale value:
You can get the diamond resale value by having the stone appraised by trained professionals. Diamond appraisals consider all the factors that generally affect diamonds and how your stone fares against the set standards.
Since jewelry appraisals are documents that contain the grading report of the diamond, you could opt for a diamond grading certificate.
In case you are planning on selling diamond jewelry and not just loose stones, it would be best to get a complete appraisal done. The final appraisal value of your diamond jewelry would list the diamond resale value of the stone and what you can expect for the other metal parts.
These values are based primarily on market rates and prices. Many jewelry appraisers even evaluate the diamonds based on how much they would cost to buy in the current market situation.
While you may not get the retail price for your old diamond, having an appraisal certificate saves you from getting ripped off by fraudsters who may try to convince you that your diamond is not worth much.
Getting an appraisal done is quite helpful since it gives you a firm footing while negotiating with potential diamond buyers.
Can Diamond Certificates reveal Diamond Resale Value?
Do you have the original documents which you received upon purchasing your diamonds? If your diamond came with a certificate, everything you need to know about the stone is already mentioned there.
Having a diamond certificate makes it much easier to resell diamonds at a fair price.
If your diamond did not come with a grading certificate, do not worry. You can send in your diamond at any renowned lab to get a complete grading certificate that will list your diamond’s characteristics.
Not only does a diamond certificate give you a clear picture of the diamond resale value, but it also helps you negotiate deals with potential diamond buyers without fear of getting cheated.
Some more factors which affect Diamond Resale Value
Your diamond grading certificate will take into consideration all possible factors to calculate the diamond resale value. Once this is done, the next step would be to find a buyer.
Your diamond’s resale value depends heavily on where you sell it. We have already discussed jewelry stores and the low prices they may offer.
In some cases, such stores provide store credit instead of cash. You can avail of this store credit when you make your next purchase from there.
You could also consider selling your diamonds to a thrift or pawn shop. However, these places lack trained professionals to assess your diamonds accurately. As a result, the diamond resale value at such places would be insufficient.
So Where Should I Sell My Diamond?
If you are in need of some instant money, you can solve your problem by selling old diamonds. You can contact Sell Your Jewelry and get the best diamond resale value in Singapore. Rest assured, we will buy your old diamonds and offer the best prices in the city.
Upon booking an appointment with Sell Your Jewelry, you receive a 100% free consultation with expert gemologists who will assess your diamond and calculate the diamond resale value. The entire selling procedure is fully transparent, safe, and hassle-free. The jewelry assessment takes place at our Singapore office and the stones are evaluated in your presence.
Click on the button below to get your free consultation now:
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What Makes a Diamond Sparkle or Shine?
April 14, 2021
When Rihanna sang “Shine bright like a diamond,” we all felt that. Think of anything shiny, and you will undoubtedly be thinking of diamonds. So, what is the reason for this shine, and what makes a diamond sparkle?
Reflection of light
We all know that rough diamonds have to be cut in order to shine. But why is this so?
Upon cutting a diamond, it begins to sparkle because of its ability to reflect light correctly.
When light strikes a diamond, only part of it is reflected. The rest enters the diamond and strikes against the multiple facets. This trapped light is what makes a diamond sparkle, and any well-cut and polished diamond makes optimum use of the light which enters it.
The proportions and cutting determine the angle at which light enters the stone and is what makes a diamond sparkle. If the light does not enter at the best angle, the diamond will not reflect light properly.
Moreover, the craftsmen take special care to cut and shape the diamond in such a way so as to enhance the light and dark areas. This contrast highlights the sharpness and clarity of the diamond, giving it a crisp look.
To understand what makes a diamond sparkle, we need to look at the factors that play a vital role in this process.
Internal reflection, Refraction & Dispersion of Light
When a ray of light strikes the surface of a diamond, only a small part of the light is reflected. Light enters the diamond through one of the facets at the top of the stone. It then travels from top to bottom, striking against the multiple parts.
Depending on the parts where the light strikes, diamond refraction takes place. As a result, light and dark areas are enhanced, which gives the diamond a clean, neat appearance.
You may have noticed flashes of color when light hits a diamond at different angles. This happens due to the process of dispersion.
Dispersion of light in a diamond is also commonly referred to as the “diamond fire”. When white light enters the stone, it splits into the constituent colors of the rainbow inside the diamond itself. These colors exit the diamond from the top and bounce back into the eyes of the viewer.
Diamond Cut
As you might have understood, the diamond cut holds the key to diamond shine and sparkle. To understand diamond cut, it is best to be acquainted with the basic parts of a diamond:
Girdle : This is the outer edge or diameter of the diamond. A well cut diamond can be judged by looking at the thickness of the girdle. Ideally, the girdle should be of proportional thickness to the size of the stone. Therefore, it should not be too thick or too thin. Additionally, the girdle should also be even throughout otherwise the diamond will appear deformed.
Culet : The culet refers to the flat portion of the diamond at the very bottom. Ideally, a culet should be very small. Many diamond cuts may not have a culet altogether.
Table : The diamond table refers to the flat surface at the top of the diamond. Since we look at any diamond from the top angle through the table, it needs to be well cut and polished. A good balance of percentage between the table and depth needs to be maintained for a diamond cut to sparkle well.
Depth : This is the distance between the table and the culet, i.e. the top and bottom of the diamond. The girdle divides the depth. The weight of any diamond is revealed by its depth. As a result, a good depth percent should be maintained for the overall aesthetic appearance of the diamond.
Diamond Clarity
Apart from diamond cuts, even the stone's clarity is important since it is also what makes a diamond sparkle. Very often, natural diamonds have many imperfections and flaws. This often compromises their clarity. But sometimes these inclusions are too minimal to be noticed by the untrained eye.
Diamonds that are free from internal flaws are extremely rare. Diamond value also varies on the basis of relief and inclusions present in the stone. Thus, the bigger the inclusion, the less will the diamond shine.
Blemishes in a diamond can also take the form of small clusters of pinpoints, internal grains, cracks or cavities. These prevent free movement of light inside the diamond. As a result, such diamonds appear whitish, hazy or dull in appearance depending on how closely clustered these imperfections are.
Polishing a Diamond
Polishing a diamond is the final step, also called the finishing touch to the stone.
Looking for a place to sell diamond rings for cash?
6 Ways How You Can Check A Fake Diamond Bracelet
April 13, 2021
Do you have a diamond bracelet you received as a gift or as an inheritance? Have you ever wondered if the stones in the bracelet are authentic or not? It is important to check if yours is a fake diamond bracelet because its authenticity affects its resale value if you ever want to sell it.
We have compiled a list of popular tips and tricks that can help you check the authenticity of your diamond bracelet.
Take A Breath Test
Perhaps the most common technique of checking fake diamonds is to take the breath test. Simply breathe on the diamonds and observe carefully. Your diamond must have fogged up but what is important is how long it remains in this state.
Real diamonds tend to clear up almost immediately. On the other hand, the stones on a fake diamond bracelet will remain fogged up for a longer duration and appear dull.
Note that while the breath test is extremely common and straightforward, it is not a foolproof method. The moisture on some fake diamonds may also clear up quickly, giving the impression of a genuine diamond bracelet.
Real Diamonds Should Not Have Scratches
A natural diamond can sometimes chip, especially in the corners or edges. But diamonds are incredibly durable, which is why they should not have scratches on the surface. Using this information, we can check for fake diamond bracelets. Check the stones on your bracelet. Does it have scratches? If yes, then it is most likely a fake diamond bracelet.
Keep in mind that the market is flooded with fake or synthetic diamonds that resemble the original. Some of these stimulants are made of glass, cubic zirconia, which are softer and more prone to scratches.
But this scratch test won't work on new bracelets because the new fake diamonds will be in top condition, without any scratches. So, what can you do to check a fake diamond bracelet?
You can purchase a diamond tester and use it to detect fake diamonds. In case you want to sell diamond bracelet, click here to book a free appointment.
Using Water to Check the Diamonds
Naturally occurring diamonds have a high density. As a result, they sink to the bottom when immersed in water. You can check the diamonds in your bracelet using this information.
Simply fill up a glass with regular tap water and drop the diamonds into it. If the stone comes up and either floats to the top or even to the glass's mid-level, then it is a fake diamond bracelet.
Check your diamond bracelet with a Black Light
To check the authenticity of stones in your bracelet, get hold of a black light. Next, turn off the lights and hold the stone in front of this black light. Genuine diamonds exhibit fluorescence, mainly blue color. So, if your diamond is real, it should produce a bluish tint under black light.
If your diamonds show a yellow, green, or any other fluorescence, it is most likely fake.
But this does not mean that all naturally occurring diamonds exhibit a blue fluorescence. Sometimes natural diamonds have different fluorescent shades.
Using a Magnifying Glass
If you want to check whether your diamonds are real or fake, you can use a magnifying glass. Examine the diamond through the magnifying glass and look for visible flaws, imperfections, and inclusions inside the stone. Suppose the stone is absolutely flawless, then it is most likely a fake.
The reason is that natural diamonds have a little to a lot of imperfections within the stone. These are known as diamond inclusions, and they affect diamond pricing.
Any diamond with no internal blemishes is either a top-grade diamond and extremely expensive or an artificially created stone.
Diamond Testers
These days, several people prefer purchasing a diamond tester to check their fake diamond bracelet. Since these are readily available in the market, you can try them out too.
They are devices that use heat and electrical impulses to check a diamond's authenticity.
You could even approach a jewelry store and ask them to check your diamond bracelet. Most of them use such diamond testers and do it for a nominal sum.
Since diamond testers use either heat or electrical impulses, sometimes the results may vary. Heat can sometimes mistake moissanite for a diamond due to their similar heat conduction properties. This is why testing a diamond through electrical impulses is more accurate.
Unreliable Methods to Detect Fake Diamonds
We have discussed some methods that are reliable when it comes to checking whether or not it is a fake diamond bracelet. Now let's look at some common but incorrect ways of testing a diamond's authenticity
Scratching a glass
Some people believe that only diamonds can scratch glass. But this is not true. In fact, any hard gemstone can scratch glass surfaces.
Looking through a diamond
Again, this is a common misconception when it comes to checking if a diamond is real or not.
According to this method, if you look through one side of a diamond and something placed on the other side is clearly visible, then it is a fake stone. This is because diamonds are known to distort light, so you should not see anything clearly through the stone.
But this method is inconclusive because some real diamonds with shallow cuts allow some light to pass through, and you can make out the objects or text placed on the other side of it.
Where to sell diamond bracelets?
If you have a real and not fake diamond bracelet, you can sell it and earn instant cash. Sell Your Jewelry is the place for those who wish to sell diamond bracelets. We buy all kinds of old, pre owned diamond bracelets and we give the best prices in the city.
All you need to do is fill out an online form to book a free consultation with our expert gemologists. They will evaluate your diamond bracelet and offer the best deal for it. The entire process is fully transparent, hassle-free, and secure.
Get started by clicking on the button below and our experts will contact you back as soon as possible:
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8 Types of Gold Used for Gold Jewelry You Didn’t Know About
April 12, 2021
Gold is more or less the first thing that comes to mind when people think of jewelry and precious metals. It has a vast history of use, from coinage and trade to jewelry making and religious purposes. Despite all this, not everyone knows that there are different types of gold. The types of gold depend on color, purity, and various other factors.
Let us now discuss some types of gold that exist and how exactly they are made.
Gold, gold, what is your color!
Gold is associated with the color yellow. Any colored gold alloy of pure gold with a different tone is not well recognized.
Rose Gold: Rose gold is another color in the types of gold color we have in the market. It acquired by mixing copper metal. The amount of copper in Rose gold determines the rose gold color. Rose gold with a high concentration of copper gives a reddish look, and it is also called the "Red Gold." Pink gold is also a sub-variety of rose gold, resulting from less mixture of copper, giving it a somewhat soft color. So, these types of gold are also known as "pink gold."
Black Gold:There are various methods to obtain this type of gold. One straightforward way is to cover the surface with a black compound, say black rhodium. Another method to obtain this type of gold is to treat the surface with a chemical that reacts and turns it black. Oxidation of gold which contains cobalt, iron, or titanium, can also give this type of gold.
Green Gold:Mixing of gold with silver and sometimes cadmium gives this type of gold alloy. Green is not a prominent type of gold but offers a greenish tone to the yellow gold.
Grey Gold:Copper, silver, and manganese are mixed to get the grey type of gold.
Gold is a chemical element. If we were to discuss its chemical analogy, its symbol is Au with the atomic number 79. The ductility and malleability of gold remain unaffected even after exposure to air and water. Gold can be changed to any shape by heating. In its appearance, gold in its natural form is yellow, making it stand out in other metals that are generally gray, silver, or silvery white. The strength of gold is very high, and at the same time, its versatile nature and malleable property make it perfect to be used in jewelry making.
Yellow Gold
Among all types of gold, yellow is the most prominent color of gold. As a result, yellow and gold are also used interchangeably sometimes. It is worth noting that gold is generally yellow, but it is not precisely how gold looks in its pure form. Other metals are used as alloys to make them strong because gold in its pure form is very soft and not so, isn't suitable for jewelry making.
In this connection, gold sold in the jewelry stores are generally of varying degree pure and contain different amounts of impurities. The percentage of gold content determines the karat number of the gold.
The gold with lower karats, in comparison to higher karats, is durable and more suitable for making jewelry. The less the actual quantity of gold, less its karat number is, but the more its durability will be.
Gold Karats
We measure the quality and purity of gold in terms of karats. Diamonds are also measured in karats, but there are differences between them. Gold is characterized by its purity, which is a ratio divided into 24 parts of its karats. In this connection, pure, or natural, or 100% gold, will have a rating of 24 karats or 24K. As mentioned above, gold with 24 karats, and even to some extent, 22 karats, of purity are not suitable for jewelry making. For jewelry making, the type of gold used is 18K, with 75% of gold, and 14K gold, which has about 58.3% of gold. It may be surprising, but gold as low as 10K. Containing only 41.7% of gold, is also used in making jewelry. Metals like silver, copper, zinc, and nickel are alloyed with gold to make it hard enough.
These metals or impurities give the required strength to gold so that jewelers can use it to construct jewelry. The precise amount of gold present in the alloy determines the color and radiance along with the price of gold. The color is the final result of different metals mixed with pure gold and their quantity used. Pure 24K gold is yellow, but the other types of gold, as discussed above, like purple, green, and pink, amount to these impurities and lower karats. There are different types of gold, like black gold and white gold, in which gold is present, but the pigment results from some other metal being mixed with pure gold.
Where to Sell Your Gold jewelry
If you are confused about where to sell gold jewelry or gold and whom to approach. Then Sell Your Jewelry is the one-stop solution. Here you can sell your gold comfortably and get the best possible price for it. Compared with other such platforms, Sell Your Jewelry proves excellent deals and gives the best service possible. It is for sure that you will not regret going to this platform, and fructify the most beneficial deal for you and will get the best price possible.
Sell Your Jewelry has a vast network of buyers who will give you the best price and ensure that no one goes disappointed. The gemologists and jewelry experts are the best in the field and extend the best help to get the best practices to sell gold. [greeting]
Selling gold bracelets can be tricky. We are here to help you navigate the gold market and avoid tricksters and frauds. Our suggestions have been tried and tested for those who wish to sell gold bracelets and get the best deals out of it.
Selling a Bracelet to Gold Dealers
Perhaps the easiest and most secure way for you to sell a gold bracelet is to offer it to gold dealers. They buy gold from different sellers in order to resell it to gold refineries. Here the gold bracelet that you sold is then melted and reused.
Many gold dealers encourage people to sell gold bracelets and offer a good sum of money. They may purchase your gold to recycle or keep it to themselves.
When you sell a gold bracelet to a dealer, the price of gold they offer depends upon the gold content of the bracelet.
If your gold bracelet is simple and not something rare, you would find gold dealers to be a good option to sell your gold bracelet.
But if your gold bracelet features some unique design or is an antique piece, the gold dealer will not keep that in mind and will treat it in the same manner as an ordinary gold bracelet. So, bear in mind this point while approaching gold dealers to sell gold bracelets.
How Much Money Can You Get for Your Gold Bracelet?
To find the value of your gold bracelet, you can go for a jewelry appraisal.
You could go for either one of these three credible institutions that appraise your jewelry and tell you it’s exact worth:
The American Society of Appraisers, the International Society of Appraisers, and the National Association of Jewelry Appraisers.
These three institutions hold the highest levels of professionalism and expertise. They charge a consultation fee based on an hourly basis. Once the appraisal of your gold bracelet is done, you can get a concrete idea of what your gold bracelet is worth.
Don’t disregard your gold bracelet just because you think it is old or ordinary. There are many instances where old gold bracelets brought in to sell turn out to be rare and fine gold jewelry.
When you sell a gold bracelet, keep in mind that jewelry from exclusive and famous designers or from big luxury brands have a high resale value. During the appraisal, the experts will guide you on this.
Gold Content
To find out the realistic price you can get by selling gold bracelets, ask for the melt price of your jewelry. most experts consider it to be a great deal if you managed to get between 70 to 80% of the melt value.
Or, if you know the karat value of your gold bracelet, simply divide the karat number by 24 and then multiply the result by 100. This gives you the gold percentage of your bracelet.
Weighing Gold
The weighing process of your jewelry is very important when you go to sell a gold bracelet. Gold prices are calculated per unit of weight. So, you need to find the accurate weight of your gold bracelet in grams.
Once you’ve weighed your bracelet, use the aforementioned formula to calculate the gold percentage. Then, multiply the gold content value with the weight in grams. This will give you the total value of pure gold in your bracelet.
For example, if you have an 18K gold bracelet weighing 20 grams, and 60.2% of it is pure gold, then your final value of pure gold will be 20 g x 60.2% = 12.04 grams.
What About the Stones in Your Bracelet?
This depends entirely on the types of stones embedded in your gold bracelet. But the bottom line remains the same – do not expect to get retail prices for the stones when you sell gold bracelets.
If the gold bracelets contain precious stones such as diamonds or even other gemstones, they will be assessed individually to determine their value.
They will primarily be checked for the 4Cs – color, clarity, carat weight and cut of diamonds. These play a significant role in determining the value of diamonds.
You can check out our in-depth guide on factors that affect diamond prices to get a clearer picture of what to expect.
Gold dealers may not offer a good price for the stones because they have no use of it. This is why you should only approach gold dealers for bracelets that do not have diamonds or gemstones.
Or get the stones removed before selling it to the gold dealer.
You can even sell the stones separately or with the bracelet to retail jewelers.
Can You Sell Your Gold Bracelet to a Jewelry Store?
If you want to sell gold bracelets immediately, you could visit your local jewelry store, preferably the one where you originally bought it from. Jewelry stores buy back old gold bracelets in order to either melt them or simply resell them.
In case you want to buy new jewelry by exchanging pre owned gold bracelets, jewelry stores have an option for that too.
Most jewelry stores provide buy-back offers or in-store cash points. You can avail these while shopping for your next piece of jewelry upon exchanging your bracelet.
Jewelry Auctions
Jewelry auctions are easy to set up. You can find tons of online auctions taking place where you can sign up to sell diamond bracelets or fine gold bracelets.
Jewelry auctions are particularly advantageous for you if your gold bracelet has a unique design or is a rare piece.
In such cases, you could find buyers who will pay you more than the price of the metal. Such deals are very profitable.
Do you want to sell a gold bracelet without any hassle?
We’ve got you covered. At Sell Your Jewelry we purchase old, pre owned gold bracelets and offer the best prices in the city.
Book a free appointment and bring in your gold bracelet for assessment by our experts.
Sell Diamond Bracelets For The Best Price
April 9, 2021
What Is the Best Diamond Color Grade?
Diamonds go a long way back in history. In the olden days, people had attributed certain kinds of supernatural powers to it. One reason for this was because of how many Color grades the gemstone has. The amusing colors made them look unique and special, and different from the other gemstones.
The Color grades of diamonds have, over time, made some diamonds more expensive than others. And most times, this depends on how rare or common they are to find.
The D Color diamond is considered the highest grade of diamonds and is very rare. In fact, it is the highest diamond Color grade that can be bought with money. This Color of diamond is mostly used for crafting a diamond engagement ring.
How Many Diamond Color Grades Are There?
Now that you know that Color Grades affect diamonds’ availability and cost, let’s see how many there are. If you're enlightened on the Color Grades of diamonds, you will know which one you can afford. Also, which suits better and which is most suitable for an engagement ring or diamond earrings.
In total, and for now, there are a group of four diamond Color grades.
They include:
Colorless: D, E, F.
Faint: K, L, M.
Very Light: N, O, P, Q, R.
Light: S, T, U, V, W, X, Y, Z.
All the D-Z diamonds are considered to be white. However, they do contain a varying degree of color in their letters.
Note: the fancy Colored Colored diamonds we see from time to time don't count.
Diamond colors like pink, blue and yellow are on a separate Color scale.
The M Color Grade diamond is the lowest of all Color Grades. Even though the M Color diamonds have a warm and beautiful look, the Color is easily noticed. It is easily noticed with bare eyes.
Always remember that Color Grade is more essential than the clarity grade of any diamond.
Are Colored Diamonds More Expensive?
As aforementioned, diamonds can be expensive depending on their Color Grades. The D, E, F colors are the rarest to find, especially the D grade diamonds.
However, there are a lot of other times when diamonds that are supposed to be more expensive cost lower.
Some of these situations include:
Blemishes: when diamonds include any blemish or scratch, they automatically lose a good level of value. Diamonds are not usually beautiful when any blemish is seen. This is why the price of a very expensive diamond will depreciate when there are blemishes.
Clarity: the clarity of a diamond is the next big feature to look out for in a diamond. Even if it is a D grade Colored diamond, the price will be less with a tampered clarity.
Note that the abstract Colored Diamonds, e.g., blue and pink, cost different by carat.
Where To Get The Best Diamond Color Grade In Singapore
Singapore is a very busy and business-oriented city. For this reason, you will find a whole lot of merchants selling what you're looking for. However, it is a priority to get only the best of the diamonds worth your money.
It is for this reason, we at Dianoche are here. At Dianoche, we are a five-star rated business place that can provide you with the best diamonds at the best rates.
Our diamonds are a hundred percent blemish-free, and the cuts are perfect too. We can provide you with any kind of diamonds for diamond rings and other jewelry. Here, we also provide you with a free session with an expert gemologist. This will help you understand the value of your diamonds better before purchasing.
Hurry now, and shop with us at Dianoche.
How & Where to Sell Diamond Earrings in 2021
April 7, 2021
Diamond earrings come in different shapes and styles – from simple diamond studs to big and more intricate designs. If you have a pair of diamond earrings that you either bought some time ago or were gifted to you, and you no longer want - you might be wondering yourself: how much are my earrings worth or where to sell diamond earrings?
When you are thinking of selling diamond earrings, there are many factors to take into consideration. There are also many ways to approach and sell your diamond earrings.
How much are my diamond earrings worth?
The value of diamond earrings can differ vastly. The factors that are taken into account while evaluating the value of your diamond earrings are as follows:
The brand
If your diamond earrings are from a famous brand, it will contribute to the value-added to your jewelry.
Vintage or antique
Antique jewelry items like specific vintage models, will be worth more than others. But simply because your jewelry is old, does not make it rare.
The condition
Your diamond jewelry will get its real value only if it has been kept in good condition. Any scratches or chips to the earrings, especially to the diamonds, will decrease the amount.
The diamond itself
What you need to know about your diamond earrings to receive a fair price quote is the color grade, clarity, and carat weight.
How to Sell Diamond Earrings?
Gold jewelry diamond shop with rings and necklaces luxury retail store window display showcase
1. Gather your documents
When you purchase diamond earrings, they will give you papers, including the information about your earrings.
But what to do if you have no information on your diamond earrings? A local jeweler can generally provide information free of charge. Ask for the carat weight, colour and clarity of the largest diamond in the jewel. Although the jewelers will demand payment for a written appraisal, they give you a verbal estimate for free.
2. Decide how to sell diamond earrings
You have many options available to consider where and how to sell diamond earrings. Be sure to measure the pros and cons of each option.
Where to sell diamond earrings?
Pawn Shop: If you need cash fast but are not willing to sell your diamond earrings, then pawning them is a choice. However, bear in mind that you have to pay interest on it, so it is only a temporary solution.
Online Auction
Some websites enable you to sell diamond earrings. But the difficulty with this is that you will not get the advantage of working with diamond professionals who can accurately price your diamond earrings. It takes a long time, and they charge a fee for the process.
Auction House
This is also a long process, and it many times involves only rare and incredibly highly valued diamond earrings that are suited to sell at an auction.
Jewelers
Your local jewelry shop might offer a consignment service. But there are fees involved in this, and it can even take months or even years for the diamond earrings to sell as they are only exposed to the customers in the local area.
eBay
It isn't easy to receive fair market value when selling diamond earrings on eBay. Very few diamond jewelry for sale sells. People are apprehensive about trusting wary buyers.
Consignment Shops
Consignment shops sell on behalf of their clients, but they charge high fees. The diamond earrings are put on display for weeks or even months until they attract the interested buyer. It can also take a long time to get the payment if you choose to sell diamond earrings at these shops.
Expert Diamond Buyers
Not all gemologists buy from the public, but some do offer that service. This is a very recommended process since an expert gemologist can give you an honest and full evaluation of your old jewelry. Our diamond experts at Sellyourjewelry.com.sg are trained gemologists with knowledge of the second-hand diamond market. We are also best placed to value your diamond earrings and pay you within days accurately. With a good BBB rating, we provide a free and secure transaction with full transparency. Our process is professional and designed to sell your diamond earrings effortlessly.
If you choose to use our service, you can simply fill the form at the bottom of this article to receive a price quote. [greeting]
Why sell your earrings with Sell Your Jewelry?
It has better offers. As it is easier to sell your diamond earrings for the best price when multiple buyers come forward.
This is a simple process. Many of our clients tell about the frustration they feel when getting a fair price from the local jewelers. Sell Your Jewelry is different in this matter: we help you sell your diamond earrings quickly in an appropriate manner. Grading, cleaning of the jewelry, photography is the expertise of every sale. Schedule an appointment, and we will handle the rest. We offer your earrings to our vast network of professional diamond earring buyers.
We give grading for every diamond. Understanding the worth of your diamond earrings is the key to obtain a fair price for your jewelry. Gemological professionals grade all diamonds.
Work with Sell Your Jewelry executive who answers your questions and guides you through every step of the process so that you are never left alone. You will remain updated as the process goes, and you always know where your diamond earrings are and what is happening to them. It is the best way to sell diamond earrings.
How to get a fair price?
The best way to ensure that you get a fair offer when you sell diamond earrings is to take advantage of Sell Your Jewelry's easy process. By allowing us to handle the entire process, you ensure the earrings attract attention from qualified buyers. It is not unusual for many buyers to compete for a single pair of diamond earrings and this also means that the final selling price is going to be more than what you receive if you dealt with a single buyer. Selling your diamond earrings with Sell Your Jewelry means more exposure and a better price.
If you have any questions about diamond earrings that you would like to sell, please reach out to us. We will be happy to provide solutions and address related concerns you may have. [greeting]
Before Selling Understand the Jewelry Pricing and Value
April 7, 2021
Planning to sell diamonds, diamond rings, or any diamond jewelry?
How to start? Where to sell? What would be jewelry pricing? These are some questions that fill your mind. Do you need to be in this much of a doubt? Well, the answer is- "certainly not!"
Selling jewelry, particularly diamonds, diamond rings, and diamond jewelry, can be a long and unfruitful process for some, especially if you sell it for the first time. There can be a variety of reasons as to why one tends to sell diamond jewelry. It can be possible that you want to upgrade your jewelry, or want to liquidate it for some cash, or want to sponsor a vacation you always wanted.
It is very true that when one sells diamond, diamond rings, or diamond jewelry, their prices fall drastically. There are various reasons associated with it. The first one and very obvious one is that it is second-hand. You must have heard from somebody that a car or bike's resale price is very low when it becomes a second hand.
Jewelry pricing depreciates with time. Add to this the profits of the dealer and their costs incurred in repairing or polishing the jewels. So, a second-hand piece's final jewelry pricing ranges somewhere between double and triple the market's wholesale price. And upon all this, the dealers also keep good margins for themselves.
A retail replacement value is mainly used for insurance purposes; it implies the value one would spend for the same or similar item in a retail platform. When an insured piece needs to be displaced quickly, the retail market is steadily the only area to do so. With retail prices varying due to regions, sales, marketing, and the economy, one must be aware of the insurer's specific market and criteria to boil down at the appraised value.
Insurance Appraisal
Insurance appraisal or insurable value is an impartial judgment of a specific item's price based on an examination and analysis of related data and the request of appropriate techniques.
In case of product damage, the insurance policy explicitly declares that it will reimburse the restoration or replacement of the broken items. This is dependent on the limits specified in the policy, based on RCN or Replacement Cost New. Suppose the insurer chooses not to restore or replace the affected items. In that case, the actual cash value "ACV" will be used for payments.
Particularly in the case of jewelry, the value should be comparable to displacing the jewelry with a similar item of jewelry in an appropriate platform being sold at the saleable rate.
Fair Market Value
Fair market value refers to the price at which both seller and buyer agree to the deal. There should be no force of one on another or interjection from any third party. This is a conscious decision. Both the seller and the buyer have all the relevant and needed information about the product and market.
Resale Appraisal
Resale appraisal refers to the process of determining the value of the jewelry you want to sell. Your selling reasons could be anything, whether you require cash or want to sell to upgrade your collection.
You can sell the jewelry piece again to anyone in the market or directly to the final customer.
If you need any help regarding this, Sell Your Jewelry. This B-B-B accredited platform offers its users, who want to sell jewelry, an additional service of Resale Appraisals.
Estate Appraisal
IRS(Internal Revenue Services) statutes put compulsion that Fair Market Value is used to get appraisals for the items possessed by a departed individual. An assessment of all their possession is performed for tax and diffusion motives.
Charitable Contribution or Gift
When donating jewelry that holds some monetary value, to a qualified foundation for study or charity, like in a museum or university centers. The Fair Market Value is used in appraisals.
Damage or Loss of Value Appraisal
Adjusters, insurance companies, or the protected person uses Damage of Value appraisal. This kind of appraisal determines the evaluation if any private possession is lost, stolen, maimed, or destroyed.
The item is valued both in its original condition when it was in possession and its current conditional value.
Jewelry as Collateral
Loans are issued by banks, private firms, and individuals with jewelry as collateral. The pawnshop is a perfect example of this type of deal.
The parties providing these type of services offers services for the appraisals for jewelry as collateral.
Family Division Appraisal
A family division appraisal can be used in various cases where the family is divided, for instance, the death of a family member or divorce of a couple of estate planning. This appraisal inscribes all actuarial possession, allocating the Fair Market Value at the time of assessment. [greeting]
What an Appraisal Should Include
In most cases, almost every appraisal should involve details of the jewelry, including its weight, quality, ratios, jewels, type of metal, any coatings, and more. The appraisal should display the credentials of your appraiser, and it should mention the kind of appraisal for accurate jewelry pricing.
The charges of appraisals can differ with time, place, and appraisers. The appraiser can charge a square rate or overall rate or charge per hour, which can depend on the appraiser's credentials and experience and can be between $50-$300 per hour.
Ensure that your appraiser also has an Omission and Errors insurance as well. So that you can be protected if there are any mistakes committed on the appraisal. This will protect you from shocks of not getting reimbursement due to faulty paperwork.
Value Reality
As mentioned before, Jewelry pricing comes to play when selling your jewelry, and this lands under the compulsion of requiring a Resale Appraisal. The notion of Fair Market Value can look a little not so related. So, let's put this example in the more easy example.
Let's take, for instance, that a person bought a necklace for $2,000. Before sales tax, the rate is $1,500. Reselling the necklace to a reliable buyer (personal contact or some shop) would naturally fetch a price of between $500 and $1,000. Are you wondering why the resale jewelry pricing is this low?
As said earlier, a retailer also has some expenses on his side. These include wages to his employees, charges of repairing and polishing his shop expenses, building rents, and whatsoever.
These small costs that firms incur, also called overhead costs, decrease selling prices and balance the price with other expenses.
Before going out in the market to show around your diamonds to sell, do some homework by yourself. Learn about jewelry within a comparable spectrum in the retailing market and online. You can also find these details from your local traders and trusted individuals out there in the market. In order to get a clear picture of how jewelry pricing works.
Looking to Sell Your Jewelry?
We hope this was useful to you. Also, Sell Your Jewelry is a comprehensive solution. If you want to sell diamond rings or if you're going to sell diamonds or any other diamond jewelry. Sell Your Jewelry is also a great place to learn more about jewelry pricing. Jewelry appraisals from industry experts when you wish to sell diamond jewelry.
Fill in the form below and our experts will be happy to meet you and give you a consultation for free! [greeting]
Jewelry appraisal refers to the process of estimating and calculating the value of jewelry. Professional appraisers do this in a controlled setting with great precision. Diamond ring appraisal is done in two parts – appraising the metal parts and the diamond appraisal—both the metal and stone need to be appraised separately because their values have different factors.
Appraising the Value of Diamonds in Rings
You must have heard of the 4Cs that affect diamond value – color, clarity, cut and carat weight. These were put forward by the Gemological Institute of America (GIA) and are now followed by all labs across the globe for uniform grading of diamonds. Any professional appraiser would therefore, have these factors in mind during diamond jewelry appraisal.
To better understand these factors, GIA also established a grading system that would help professionals in the process of diamond jewelry appraisal. There are charts and scales on the basis of which most diamonds are appraised.
Appraising Diamond Color
Diamond color plays a crucial role in jewelry appraisal. Luckily, GIA came up with a color chart that would help professional and uniform assessment of diamond color. This color chart grades diamonds on the basis of how colorless they are. GIA classifies diamond colors on a scale which ranges from “D” to “Z”, where D represents colorless diamonds and Z signifies diamonds that are yellowish or light brown in color.
Understandably, stones with a strong yellow tint are not desirable. So, diamonds falling on the lower end of the color chart are less valuable than those that have a higher color grade.
Appraising Diamond Clarity
According to GIA, diamond clarity refers to a qualitative metric that grades the visual appearance of a diamond. Clarity of diamonds is important during diamond jewelry appraisal.
Very often, natural diamonds have a host of imperfections and flaws which compromises their clarity. But sometimes, these imperfections are too minimal to be noticed by the untrained eye. Diamonds that are free from internal blemishes are extremely rare. So, diamond jewelry appraisal takes into all these factors to determine the value of your diamonds ring.
Appraising Diamond Cut
The proportions and cutting determine the angle at which light enters the diamond. If the light does not enter at the best angle, it will result in a dark and dull appearance, which in turn will negatively impact the diamond jewelry appraisal. This is why craftsmen take special care to cut and shape the diamond in such a way so as to enhance the light and dark areas. This contrast enhances the sharpness and clarity of the diamond, giving it a crisp and neat look. As a result, well-cut diamonds are priced higher.
Diamond jewelry appraisals take into consideration parts of a diamond like the girdle, table, polish and symmetry of the facets, depth and culet. Moreover, diamonds with unique shapes like round cuts, princess cuts, emerald cuts have differently appraised and therefore have different values.
Diamond Carat Weight and Appraised Value
Due to the extreme precision required in weighing diamonds, the fraction of a carat can make a huge difference in its value. One metric carat is equal to almost 0.2 gram. One carat has been divided into 100 points. Diamonds are weighed to a thousandth of a carat and then rounded up to the nearest hundred (or point).A common confusion among people is regarding the size of a diamond. What costs more – a large diamond or many small diamonds? The answer to this is quite simple.
The larger the diamond, the rarer it is. Due to its rarity, its value is greater. Also, a larger diamond costs more per carat. Thus, size and carat weight play an important role in its jewelry appraisal.
Appraising Diamonds: Loose vs. Mounted Stones
The value of a diamond can vary depending on how the appraiser evaluates it.If the diamond jewelry appraisal has done with the stone still mounted in the setting, the evaluation could be less accurate. It is because certain features of the diamond get hidden if it has still mounted on the ring.
The color and clarity of diamonds get compromised if they have still set on the metal band. For example, the diamond color of the metal could mask the true color of the stone. The appraiser would also not be able to evaluate some small flaws and inclusions. A mounted diamond cannot be weighted. So, the jewelry appraisal would contain an estimated carat weight based on the stone’s dimensions and not its true weight. This would negatively impact the value of the stone, making the jewelry appraisal inaccurate. On the other hand, jewelry appraisal of loose diamonds is far more accurate and authentic.
Appraising the Value of the Ring
The final appraisal value of your diamond ring would list the value of the stone as well as the metal. It is also true for engagement ring appraisals where the purity of the metals like gold and platinum in the ring has been evaluated. Apart from this, some other factors also determine the value of your ring. Of these, the most common include the ring setting, design and condition. The jewelry appraisal also examines whether or not your diamond ring is bent, scratched, dented, or has loose prongs.
If your diamond ring is from listed brands or exclusive designers, its value increases. And this will be reflected in the jewelry appraisal. Unique pieces of fine jewelry that have intricate designs or are handcrafted are also valued higher.
Bottomline of jewelry appraisal
A complete jewelry appraisal for your diamond ring constitutes the evaluations of both, the stones in the ring as well as the metal parts. The final value ascribed to the piece reflects the total worth of the complete piece. These values are based primarily on market rates and prices. Many jewelry appraisers even evaluate the rings based on how much they would cost to buy in the current market situation. Getting a professional jewelry appraisal done for your diamond rings can help you get a clear idea of what your ring is worth. This will help you set realistic expectations when you go on to sell diamond rings.
Bear in mind that the resale value of any piece of jewelry is always comparatively lower than what you initially purchased it for or even the appraised value. But the jewelry appraisal helps you focus on what you stand to get so that you have not tricked into selling your diamond ring for less than what you deserve.
If you are looking to sell your diamond jewelry, you can offer it to Sell Your Jewelry. All you need to do is book a free consultation with expert gemologists who will evaluate your diamond ring and offer the highest prices in the city. You can sell diamond jewelry without any hassle in a 100% safe, secure and transparent process. Contact us today to get the best price for your jewelry. Fill in the following form to get started:
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