So, you finally decided that you’re interested in selling diamond jewelry in california or cash, but what next?
When it comes to selling diamonds, you must know that their value is determined by what is known as the 4C’s of diamonds- color, clarity, cut, and carat weight. The fact is, the standards are not always the same across the board, and you’re going to receive different offers from different types of buyers.
At this point, ask yourself…
Do you want to earn the highest amount of money possible, no matter how long it takes?
Or…Do you want to get this done fast and with very little hassle?
In order to decide which option suits you best, let’s take a closer look at them. Here are the 4 best ways to sell diamond jewelry for cash:
Consignment is when a shop sells something for you on your behalf. In this case, it’s your diamond. Basically, the diamond is still yours until they are able to find a buyer for you. If they can find someone, you will then owe a fee to the store for making the sale.
Auctions can be a good option if you are willing to take the risk. Even if you have a flawless stone and a certified grading report from the Gemological Institute of America (GIA), there is no guarantee that your diamond will eventually sell at all.
These are only options if you made an arrangement with the original seller when you first bought your diamond. For example, when buying an engagement ring you make a deal to include the option to trade or resell the ring back to the original seller after a certain period of time.
However, if you’ve inherited a family heirloom or need to sell diamonds from an estate sale, neither of these options will work for you.
But that’s not all.
In both cases, all terms and conditions are determined at the time of the initial sale and almost always benefit the other party.
This method of diamond selling involves internet sites such as Craigslist or eBay. Or, you may decide to sell your diamond to someone you already know.
If you’re selling it out to the public directly, remember that it can be a huge hassle! After all, it is completely up to you to get your diamond evaluated, take photos, place ads, take the time to meet with potential buyers, answer their doubts and queries, and so on and so on. Some people are cut out for this sort of thing, but many are not.
Additionally, you may not even get the maximum value. Keep in mind, people are shopping on the internet because they don’t want to pay full price. You may find someone that is willing to pay just about anything, but more often than not, you will have to settle for and accept a lower offer.
Finally, there is a reason people say not to mix business with pleasure. We’ve seen it before, no matter how close you are with someone, adding money to the mix with family or friends is always risky. Even if you do choose to deal with an associate or personal friend, it is highly recommended to get the diamond evaluated by an independent, third party.
This is, by far, the least complicated way to sell your diamond and make a profit quickly. You don’t have to deal with the hassle of finding a buyer, and the dealer takes care of everything for you. Types of dealers include certified diamond buyers, jewelry stores, pawnshops, and online advertisers.
The problem here is that you probably won’t receive the personal attention and honest information you may need in order to get the most from your sale. Plus, not all dealers are able to provide the safest environment for you.
Moreover, many pawn shops sell other items too, so they may not necessarily be experts in the diamond industry.
However, there are some dealers out there that will provide a safe setting and expert knowledge so you can get the best price possible. Take us for example. Our priority is the safety and privacy of our clients.
But that’s just part of the story We specialize in buying natural diamonds and gold jewelry directly from the public in Indianapolis. We have years of experience, so our diamond evaluations are accurate, and in accordance with the latest market trends. Unlike a lot of our competitors, we are committed to our process of buying gold and diamonds and we guarantee honesty and integrity in all of our dealings.
In the end, do what you feel is best for you. Look for a place to sell gold near me to find the best dealers, including us. Whatever you decide, make sure to do your research and understand what you have.
If you found the best offer from someone on the internet, make sure to trust your gut and take all necessary precautions to stay safe. The basic rules apply: don’t get in a car with strangers, don’t meet them alone, and don’t give them your home address.
Be sure to check out our website. Stay tuned for our upcoming blog posts where we will examine the top celebrity engagement rings, fraudsters in the diamond buying world, selling diamond rings after a divorce, and so much more!