Tips for Selling Diamonds

There are a lot of things that need to be taken into account when selling diamonds online. In order for you to get the most from your precious stone, you need to consider the following things.

Meet diamond buyers in person

There is no one diamond buyer that will give you a realistic estimate without actually evaluating the quality of your diamond in person. The color, cut, clarity and carat total weight are the main characteristics of diamonds. You should remember that certification is only an opinion of the quality of the diamond. There are different degree or clarity and color.

Stay away from shipping, online and pawnshops

Pawnshops do not have a professional that is specialized in buying diamond. They only do a little bit of everything and with no full knowledge of the market, there is no way you are going to be in the same price range with competitive diamond buyers. As for shipping your stones without the right insurance, it can be very risky. A reliable and trustworthy business is going to offer you the ability to meet with the buyer in person where the diamond is not going to be out of your sight.

Research well known buyers

Look for buyers that are well trained and have the most experience. Buyers who are not only GIA certified but also have a lot of experience will be in the right position to conduct an accurate evaluation of your diamond. If a buyer get inaccurate characteristics of your diamond, they are most likely going to have an inaccurate offer as well. It is therefore essential to seek a GIA trained buyer who has a lot of experience.

Be reasonable

You need to understand the difference between the price on your appraisal and the price that your diamond is worth in the current market. Diamond is a commodity which is trades daily just like silver and gold. An appraisal is just a retail replacement value that is used for the purpose of insurance. A buyer cannot pay more to the public than they can get or source the same stone for on a wholesale level. Once you follow the tips above, you should be able to trust that your buyer is giving you among the top price for your diamond.

Regardless of the method that you choose to sell an engagement ring, it is essential that you get your diamond appraised and valued first from different appraisers. This is going to give you a good idea of what the right is worth so that you can haggle the sale price confidently. It is not recommended to get an appraisal and then immediately sell the ring to a jeweler as there are dishonest jewelers that are going to give a low appraisal hoping to make more money on a sale in the future. Make sure the appraisal is in writing so that you can show potential buyers. If the diamond is graded and certified, you should also hang on the certification too.