How to sell your Diamonds

Selling diamonds is not something that you should take likely. It is essential that you have some idea of what you are selling and have a rough estimation regarding the value of your diamond. If you think you are still too green to dive into the sparkling world of diamond trade then here are a couple of tips to get you started and prepare you for the all-important trade with your selected dealer. Follow these simple steps for a better understanding of how to sell diamonds and ensure that you see a healthy return on your investment.

Three Steps to a Successful Sale

As we have already mentioned, it is absolutely critical that you do your homework on the value of your stone and shop around for different opinions. The reason for this is simple: The more you know about the diamond you are selling the less likely you are to be ripped off. There are four aspects to look at when trying to determine the value of your stone; colour, clarity, cut, and carat. If you pay close attention to these four C’s you will be able to get a rough estimate of the value of your diamond. However, not everyone is an expert when it comes to evaluating diamonds, so if you are still unsure then it is a good idea to seek the help of a diamond appraiser. A diamond appraiser can be found at most diamond buyers and jewellery shops. Again, we advise that you shop around and compare values by different appraisers. Although you may be tempted to sell at this time it is not a good idea. Rather hold back until you have gathered enough information about your diamond to make an informed decision. If possible it is always recommended to take your diamond to a grading lab (G.I.A, E.G.L, A.G.S, etc.) where they will be able to assist you in determining the value of your diamond.

Step two involves choosing the right option so you make the most profit out of your sale. This may seem simple but it requires time and effort in order to successfully execute. There are options and multiple platforms available to you as a seller; your job is to investigate each one to decide which option is right for you. You may choose to sell your diamond online, in which case you can compare your pricing information with similar stones that have previously been sold on the site. Perhaps you may choose a private buyer, although be very wary of these as they may be out to scam you. Pawn shops and jewellers are other options that is available to you as a seller. Basically, you need to look around for the best platform which yields the most profit before you sell your stone.
Once you have found the right deal that is not the end of it. Don’t be misled by a potential buyer or dealer that offers a price that is way out of your estimations from your earlier findings. You need to ensure that you use a reputable dealer as the third and final step in our how-to-sell diamonds process. You preferably want a buyer with good reviews, whether it be online or through friends and family who have dealt with the same dealer in the past. It is also recommended that you use a dealer who has a history in the market and has shown a proven track record in diamond dealing.