How to Sell A Diamond

There are many the explanation why you might have considered trying
to promote a diamond that you just personal. Perhaps
you’ve gotten divorced, or you’re strapped
for money. The explanation why don’t actually matter getting the very best value is what
counts! The technique to receive one of the best value
for the diamond is to not be in a rush. Slow
down, and thoroughly think about all your
choices? there are numerous.

First, have the diamond appraised. In truth,
have it appraised by two or three jewelers to
get a correct thought of the diamond’s worth.
Tell the appraiser that you really want the Rapaport
Value. This is the wholesale worth of the
diamond, and it principally tells you the very best
value that you could promote your diamond for. If your
diamond has no certificates, you must
think about getting a certificate from GIA. This
might aid you to get a greater value for the
diamond as nicely.

First, attempt to promote the diamond yourself, to
individuals you recognize. Friends and household
members could also be. If you don’t have
any luck with pals or relations, you
ought to flip to exterior sources. Absolutely
keep away from pawn outlets! A pawn store will solely supply
you with about 10% of what the diamond is the price!
Also, keep away from provides of promoting the ring on
consignment. Many issues can go fallacious, and there’s no scarcity of
diamond scams even in well-known
jewelry shops.

If the diamond is essential, you must
strongly think about auctioning it off via
one of many well-known public sale homes, comparable to
Christie’s or Sotheby’s. If it isn’t what’s
thought-about an essential diamond or a
high-end diamond, you must attempt to promote it
to a person utilizing labeled adverts, and even
eBay. However, promoting to a person that
you have no idea may put you at risk
particularly if the diamond is price numerous
cash.

Your closing possibility must be a jewelry retailer. It
is important that you just not let your diamond out of
your sight whereas within the jewelry retailer you
would possibly discover that the diamond you walked in
with will not be the identical diamond that you just stroll
out with! The jeweler will attempt to let you know that
your diamond is of poor high quality or low
weight. Inevitably, there shall be some
the downside with the diamond. This is the place
your appraisal and/or certificates will come
in useful.

If the jeweler is honest, they’ll give you
between 60% and 80% of the worth of the
Rapaport Value. Do not settle for something much less
than this. Again, don’t let the diamond out of
your sight till you’ve gotten been paid for it.