There can be plenty of reasons why you would want to sell your diamond. You might be short on cash or a divorce might also be a reason. The reasons why don't really matter - getting the best possible price is what counts! You can do this by going slow. Slow down, and carefully consider all of your options - there are many.
First, have the diamond appraised. In fact, have it appraised by two or three jewelers to get an accurate idea of the diamonds value. Let the appraiser know that you want the Rapaport Value. This gives you the highest possible price for your diamond. If your diamond has no certificate, you should consider getting a certificate from GIA. This may help you get a better price for the diamond as well.
Give a shot at selling the diamond yourself at first. Friends and family members may be interested. If they aren't interested, try outside sources. Never sell it to pawn shops! You'll only be able to get 10% of your diamond's value of you sell it to a pawn shop! Also avoid offers of selling the ring on consignment. There are many things that can go wrong, and there is no shortage of diamond scams - even in well known jewelry stores.
It's ideal to auction off your diamond if it means much to you, and you can choose good auction houses like Christie's or Sotherby's. If it isn't what is considered an 'important' diamond or a high-end diamond, you should try to sell it to an individual using classified ads, or even eBay. However, selling to an individual that you do not know could put you in danger - especially if the diamond is worth a lot of money.
Your final option should be a jewelry store. Keep your diamond within sight or you might not be bringing the same diamond when you walk out of a jewelry store. The jeweler will try to tell you that your diamond is of poor quality or low weight. And the stone would probably have some flaws. But this is where your appraisal or certificate comes in.
Fair jewelers will offer you 60-80% of the Rapaport Value. Do not accept anything less than this. Again, do not let the diamond out of your sight until you have been paid for it.
First, have the diamond appraised. In fact, have it appraised by two or three jewelers to get an accurate idea of the diamonds value. Let the appraiser know that you want the Rapaport Value. This gives you the highest possible price for your diamond. If your diamond has no certificate, you should consider getting a certificate from GIA. This may help you get a better price for the diamond as well.
Give a shot at selling the diamond yourself at first. Friends and family members may be interested. If they aren't interested, try outside sources. Never sell it to pawn shops! You'll only be able to get 10% of your diamond's value of you sell it to a pawn shop! Also avoid offers of selling the ring on consignment. There are many things that can go wrong, and there is no shortage of diamond scams - even in well known jewelry stores.
It's ideal to auction off your diamond if it means much to you, and you can choose good auction houses like Christie's or Sotherby's. If it isn't what is considered an 'important' diamond or a high-end diamond, you should try to sell it to an individual using classified ads, or even eBay. However, selling to an individual that you do not know could put you in danger - especially if the diamond is worth a lot of money.
Your final option should be a jewelry store. Keep your diamond within sight or you might not be bringing the same diamond when you walk out of a jewelry store. The jeweler will try to tell you that your diamond is of poor quality or low weight. And the stone would probably have some flaws. But this is where your appraisal or certificate comes in.
Fair jewelers will offer you 60-80% of the Rapaport Value. Do not accept anything less than this. Again, do not let the diamond out of your sight until you have been paid for it.
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