How To Sell Diamonds
If you want to know how to sell a diamond like an expert, follow along with this guide.
Once you’ve decided that you’re going to sell your diamonds, there are some different procedures to go through. If you follow along step by step, you’ll have a better chance of getting the price that you actually want.
- Jewelers generally pay more for diamonds that have an accompanying gemological certificate.
- If you don’t have a certificate and your diamond is pretty large and of good quality, try sending it to a well-known lab.
- Don’t give in to buyer pressure, but, instead, weigh your options.
The first order of business is getting the gemological certificate for the diamond. It will yield more prestige and a higher price if the certificate is from a reputable lab. Certification from the GIA is one of the most prestigious types of recognition, as this is one of the world’s most acclaimed gem labs.
In the cases where a gemological certificate is unavailable, you’ll have to brush up on your sales skills. The first step is to find someone who will be willing to purchase the diamond; somebody who is a professional jeweler can tell you the properties of the diamond. There’s one downside to this method, which is that the professional could give you inaccurate information and appraise the diamond at a fraction of its actual worth. If your diamond is large, it’s definitely in your best interest to seek a gemological certificate. When you have certification, make sure that you only sell to a trusted jeweler or individual.
If you are determined to sell your diamond, then you need to figure out the most dependable resource in your area. First of all, browse your city or town and get some quotes from various stores. Once you receive a quote, be sure to break it up into smaller details. You need to make sure that you understand how the jeweler determined that particular price, what the diamond’s properties are, its weight in carats, and its clarity, color, and cut. Have them print these details out for you, or make sure that you write them down yourself. It is important not to forget these details, and you don’t want any mix-ups with information later. In addition, be sure to be there when the jeweler does the evaluation of the diamond to avoid scams like switching out your stone for a smaller one. Finally, compare quotes from different stores.
The diamond exchange is one of the safest places to sell a diamond. This is because they are protected by high-security, so they don’t need to take any additional precautions. Moreover, the companies at the diamond exchange have a reputation for excellence, and they don’t want to ruin that. They’ll provide expert service and respectful practices to ensure that they can continue working at the diamond exchange.
The first time that you walk into a jewelry store, you might feel as though the employee is pressuring you to sell your diamond for a particular price. This is a red flag and an indicator that you should leave. This person obviously knows the true value of your diamond and wants to offer you less in hopes that you’ll take it. Turn around, and take your business elsewhere for a better price.
It’s important to be aware that diamonds come at different prices depending on their shape and color. Even though a diamond may be larger, it still might fetch a lower price than a smaller diamond. It helps to remember that round diamonds typically generate 10% to 20% more than those of other shapes. In terms of color, diamonds with a deep, rich color are worth much more than plain white diamonds.
The last thing to keep in mind before selling is that loose diamonds have a higher value than those that are in a piece of jewelry. This is because buyers want to be able to see all of the properties of the stone and examine them carefully, and accessories can inhibit that inspection.
This guide’s information will help you get top dollar for your diamond. Best of luck to you.