Whether it's that engagement diamond ring that reminds you of your broken past, an heirloom you don't want to keep anymore, or a piece that doesn't excite you anymore, selling it is the best way to get value out of it. The timing for selling your diamond jewelry might be correct, but finding a trustworthy buyer brings the real headache, especially since you don't want to sell the piece for less than it is worth.
Selling your diamond jewelry can be challenging if you are inexperienced. Fortunately, online jewelry buying companies open a whole lot of opportunities when it comes to selling your diamonds. All you need to do is search on google, where can I sell my diamond ring for cash, and you will get a whole lot of options. However, below are the key tips to keep in mind.
Understand what you have got
Just because you got a diamond ring worth thousands of value some years ago doesn't mean that it is that valuable at the moment. Before you get into the market, take time to understand the diamond's quality and authenticity. Look for a certified appraiser, probably one who does not buy or sell diamonds, as they will give you an unbiased take on the diamond's worth.
He/she will look at its characteristics and condition and give you positive and negative reasons that impact its worth. If you don't have much money, you can have the piece evaluated for free by a diamond seller or pawn shop but play safe.
Be realistic with your pricing.
Regardless of how much you bought your diamond jewelry piece at, you have to be realistic when setting the price. Many people err by setting unrealistic prices for their diamond jewelry and suffer disappointments when it doesn't sell for what they initially thought. When seeking an appraisal, ask how much the piece is worth in the current market and research.
A reputable appraiser follows the current market trends and helps you identify the potential resale value of your diamond. But you can also check from online stores by making comparisons. Keep in mind that the only reason one would be willing to buy your diamond jewelry is that it is a good bargain.
Identify your selling options.
When selling your diamond jewelry, you have two main options; sell it to a jewelry buying company or pawnshop or sell it to the general public. It is not about getting a buyer but how much you trust the buyer, how quickly you can settle the deal and how you can handle negotiation and marketing. If you want to sell the piece quickly, look for a diamond dealer and choose a dealer you can trust. Look for dealers registered under trustworthy organizations. Do not leave your diamond with someone unless you trust them.
Be emotionally willing to sell your diamond jewelry
In many cases, diamond jewelry represents love, passion, or family and can be hard to part with when selling it. But you must be emotionally prepared to sell it. You don't want to regret it later after selling it, so you need to make up your mind before entering the market.
The bottom line
Before you sell your diamond piece, ensure you feel 100% confident with the buyer you choose.
