Diamonds are those precious stones that are not only mesmerizingly beautiful but are also a symbol of never-ending love when gifted to someone you love. However, sometimes you need to set aside the “Diamonds are Forever” sentiment and sell these precious stones because of certain situations. Others just want to get rid of an antique diamond that they no longer require. No matter what, the decision involving selling a diamond jewelry or even loose diamonds can be very emotional for most of the people.
While it might seem that you can easily sell your diamond but it’s not as simple as you might think. Selling diamond jewelry or loose diamonds can get very difficult as most of the diamond buyers are wary of purchasing such precious stones from individuals. Other options to sell diamonds, like pawn shops or jewelry shops generally offer very less price than what you expect. So, the only option left with you is to try selling them online, which might not only make you earn more money but might also be a convenient experience than others.
If you’re looking to sell diamonds online, here are some tips that will not only help you sell diamonds but will also make sure you get worthy and best possible prices for them.
Know everything about your diamond before you sell it
Before you plan to sell your diamond jewelry, you need to make sure that you know all about what you have. Remember, when it comes to the precious stones and their prices, markets tend to fluctuate as per the demand. This means that the diamond that you bought some years back might not be of the same value now. This is why, it’s recommended that before you try selling your download online, you should get an accurate estimate of the quality of the stone and its current market value.
You can always visit your nearest jeweler to know the exact price of the diamond that you have. Another thing you can do is, look for a GIA certified gemologist and get your diamond checked from him/her. This will provide you great insight about the diamond jewelry or the loose diamonds that you’re looking to sell. It’s very important as most of the diamond buyers now want to be well informed about the diamond before buying it.
Don’t over expect/Set realistic price expectations
Most of the people generally tend to expect prices for their diamonds that are basically non-existent for the pre-owned diamonds. This leads to them being very disappointed when the final sale happens. Remember, there’s a huge difference between the retail value and the resale value, which you need to consider before you set a price for your diamond jewelry or loose diamonds. Also, try to know about the market trends so that you could set a more realistic price tag for your diamonds.
Don’t haste in taking decisions
It’s very important that you properly look into and trust the buyer before you settle down to any deal. If you’re looking to sell loose diamonds or diamond jewelry because of unavoidable circumstances, then it might become an emotional experience. This is when you don’t want the buyer to take advantage of the situation. Remember, take your time and decide whom do you want to sell the diamond. This will help you think better and you’ll get a good price for your diamonds.
Choose a trustworthy buyer
When you sell diamonds, it’s very important that you feel very confident with the method that you choose to sell loose diamonds. If you’re looking to sell them online then it’s better to look at the buyer’s past purchases and records. If not, you can take help of many online websites that will help you sell your diamond online and will also find the best possible price for your diamond. Remember, do a thorough research about the buyer of the website that you choose to sell your diamonds. If you find anything suspicious then it’s better to stay away from it. You can also talk to the customer service before trusting any website for selling your diamonds.
Make sure that you’re emotionally ready to sell the diamonds
For most of the people, diamonds represent passion and love, which makes it even harder to let go the diamonds when compared to other stones or jewelry. This is also the reason that most people overestimate the value of their diamonds. However, when it comes to the diamond buyers and the market the scenario is completely different. This is when you need to be emotionally ready to let go off one of your prized possession.
