“What? You’re selling your diamonds?” This might be the surprised reaction of some when you tell them that your diamond is for sale. If you’ve decided to sell your diamonds, the reasons are immaterial, the best price for the diamond is what really matters. If you’re tight on cash, don’t rush to sell your diamond. Think about the following considerations.
- Rapaport Value. Have your diamond appraised by jewelers so you’ll have a good idea of how much is its present market value. Approach your jewelers and ask them for the Rapaport Value which is the wholesale value of a diamond. Based from the GIA certificate, you can have the highest price possible for your diamond. This is why the diamond certificate is very valuable.
- No to Pawnshops or Consignments. Don’t sell your diamonds to pawnshops. You’ll be surprised that they can only offer you 10% of the actual price of your diamond.Never also allow some jewelry shops to get it for consignment. You’ve heard about scams and you don’t want to be the next victim! The first prospects that you must approach are your friends and family members. Who knows they’d interested. If they won’t buy, then you can go look for prospects outside your family and friends circle.
- Auction. Some diamonds are rare that personally selling them to individuals may not be good. You can auction them off through a famous auction house. This can give you a better price for your rare diamond.
- Classified Ads and Ebay. Diamonds that aren’t rated as high-end diamonds can also be advertised for selling in the classified ads. However, just be cautious about dealing with individuals and selling to a stranger. Diamonds are so priceless that even your life can be endangered.
- Jewelry Stores. This is your last choice if you want your diamond turned into quick cash.When dealing with personnel of a jewelry shop, see to it that you don’t keep your sight off to your diamond. They might trick you by replacing your diamond with a poorer quality.Make sure that your diamond certificate is with you so that the jeweler can give you the real price for your diamond. If you don’t have a diamond certificate, get one before transacting your diamonds to anyone or any jewelry store.You must be given a fair price of at least 60-80 percent of the Rapaport value and nothing less. If they can’t give you that price, leave the store and look for another buyer.
Tags: diamond price, Diamonds