4 Tips on Selling Away Your Precious Diamond Jewelry
So you have inherited diamond jewelry from your grandma which doesn’t look so nice. Or you have a dusty and old wedding ring kept in a jewelry box that reminds you of your divorce. Or maybe you are just seeking to upgrade a diamond and willing to get rid of the old one. There are many reasons where you can find that you want to sell away some of your diamond jewelry. Unlike gold, diamond has a melt value, the price is fairly objective and selling them away is a complicated affair for the newbies. Here is what to do in such a case.
- Assess what you have
Approach the reputable diamond buyers and conduct an assessment of what you have before you don’t waste your time and energy when it comes to selling away a piece of diamond jewelry. Look for an appraiser who doesn’t purchase or sell diamonds by themselves, so that you can gain the most objective opinion. Another way is to get many free assessments from the diamond buyers to get an idea of what you are working with.
- Be practical and price accordingly
When it comes to spending money on the appraisal, always rely on the individual who can help you price your diamond on the basis of the market conditions. Also do your due diligence on the prices by browsing through retail stores as well as online. If you are really wanting to sell, you don’t want a price so high that nobody buys it, but you don’t want to get used either.
- Research. Research.
There are two options when it comes to selling away a piece of diamond jewelry, selling it directly to a customer or selling it to a dealer. When you sell it to someone, it signifies that you will land in a deal that will come together quickly though it is not that of a top dollar deal. If you are in business with a dealer, research well about that too. You can also give the jewelry piece to a consignment shop or a dealer to sell it for you and who will receive a commission on that very sale.
- Choose the Online Route.
People wanting to sell diamond jewelry are switching to sites such as eBay to reach the everyday consume by their own means. Another option is to visit us, where you can come with your diamonds, our gemologist will check for its authenticity and then the buyers can purchase them directly and you can make money at the same time.