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 want.
Basic Info on How to Sell Diamonds
· 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 when deciding on how to sell diamonds 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. Also, be sure to be there when the jeweler evaluates the diamond to avoid scams like switching out your stone for a smaller one. Finally, compare quotes from different stores.
The Sell Your Jewelry 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 knows the real 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. Keep these in mind when you decide to sell diamonds.
Factors that Determine Diamonds Value
A polished, cut diamond is often the centerpiece of most diamond jewelry. But even among diamonds, there is a variation on the value and price. This usually depends upon a combination of factors. These are examined by gemmologists and jewelry professionals to determine how much a diamond is worth.
For authentic grading of diamonds, there is a need for uniformity. Thus, four factors are now kept in mind while examining a diamond’s value – clarity, colour, carat weight, and cut. These 4Cs determine the value of a diamond and ascertain whether a diamond is finished or not.
Clarity- According to GIA (the Gemological Institute of America), Diamond clarity refers to a qualitative metric that grades the visual appearance of a diamond. Very often, natural diamonds have a host of imperfections and flaws. This often compromises their clarity. Diamond value also varies based on relief and inclusions present in the stone.
Color- GIA classifies the colour factor on a colour scale which ranges from “D” to “Z”, where D represents colourless diamonds, and Z signifies diamonds that are yellowish or light brown. Overall, if a diamond is clear and colourless, it shines brilliantly. Due to this, it has a greater diamond value, and is, therefore, highly sought-after.
Carat weight- Due to the extreme precision required in weighing diamonds, the fraction of a carat can make a huge difference in the diamond value. Thus, accurate weighing of a diamond is of great importance.
Cut- The difference between a rough, uncut diamond, and a carefully cut and polished diamond is stark. Cutting a diamond is the key to increasing its appeal. The proportions and cutting determine the angle at which light enters the diamond. 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 value.
SET REALISTIC PRICE GOALS FOR YOUR DIAMOND
A prevalent mistake made by first-time sellers is when they expect to sell their diamonds at the retail value. If you believe you’ll sell your pre-owned diamonds at the price that you bought them at, then you are just setting yourself up for disappointment.
You need to understand the significant difference between the retail and resale value of diamonds while making your decision on how to sell diamonds. When your diamond arrives at sellyourjewelryheadquarters, it is cleaned, photographed and sent to GIA labs for a complimentary grading. The grading and photographs are presented at auction to our network of professional diamond buyers. From this auction process, the actual market value is determined, directly reflecting the level of demand.
Sell Your Jewelry buys your diamonds, and we are well connected to the international diamond trade and offer our customers higher prices because of our diamond recycling program. Your diamonds are graded and priced according to the exacting qualities of the 4Cs (colour, clarity, cut & carat) listed above. Our global network of satisfied customers can vouch that our primary aim is to look after your best interests.
How to Sell Diamonds in Singapore
We, at Sellyourjewelry.com.sg, buy diamonds from those who wish to sell diamonds in Singapore. You can book a free consultation from our expert gemmologists who examine your diamond professionally. After testing the cut, colour, clarity and carat, we offer the best market price for loose diamonds or diamond jewelry, based primarily on the market prices. The entire process is transparent, with guidance at every step. Rest assured, we offer the best price you can receive for your diamonds.
This guide’s information will help you get top dollar for your diamond and clear all doubts you may have on how to sell diamonds. We wish you the best for your endeavours and offer our assistance to you in the future.