Selling your diamond jewelry is a good way to make money, but it can be difficult.It is important to understand your options if you want to get the best price for your diamonds.Getting your diamonds appraised, choosing a good price, and choosing the right kind of buyer can help you get the most out of the selling experience.
Step 1: Find a qualified person to appraise your property.
If you suspect that your diamond jewelry is worth more than 2000 dollars, you should get a professional appraisal.You can find certified appraisers in your area if you belong to an appraisal association.There is a list of appraisal associations that specialize in gemstones.
Step 2: Tell the person you're dealing with that you want to sell your diamonds.
There are different reasons to appraise jewelry.If the appraiser understands that your goal is to sell your jewelry, then they will be able to give you a more realistic idea of its resale value.
Step 3: Get all the information you can about your diamonds.
If you can give potential buyers enough information about your diamonds, you will be in a better position to get the best price.In addition to asking your appraisal for the resale value of the diamonds, try to find out about the following factors, which can affect the value and desirability of a diamond.The higher the diamond's color, the higher its value.The cut refers to the shape of the diamond.This is a measurement of the stone's clarity.The Gemological Institute of America rates diamonds on a scale of 0 to 3.A diamond's carats is a measure of its weight.
Step 4: Information about the setting can be obtained.
If you have a diamond in a piece of jewelry, it can have an impact on its value and desirability.Find out what the setting is made of and how old it is.If you have any information about your jewelry, please let us know.Where it came from, when it was purchased, how much you or someone you know paid for it, or whether it has ever been reset, should be shared with your appraisal.It will help them understand your piece better and give them a better idea of its value.
Step 5: Write it down in writing.
A sealed statement of value and a written appraisal report are required by law.The reason for the appraisal should be described in the report, since this will affect the assigned value of the piece.
Step 6: You can get an informal appraisal.
You can get a ballpark estimate of the value of your diamond if you go to a jeweler who buys or sells diamonds.You can get a range of opinions on the piece's value if you take it to two or three local fine jewelry stores.A good jeweler should be able to give you a general idea of the quality and condition of your diamonds.
Step 7: The starting point is the appraised value.
You should have a good estimate of what your diamonds are worth after having them appraised.Potential buyers of used diamond jewelry are probably looking for a good deal or hoping to make a profit by selling the gems.Understanding the resale value of your diamonds is more important than knowing the original retail value.There is no simple formula for figuring out the fair market value of diamond jewelry.There are many factors involved, including the quality of diamonds, the overall condition of jewelry, and the subjective appeal of the piece.It is likely that you will have to settle for a much lower price than the retail value of your jewelry.Most estate jewelry dealers will pay between 10% and 20% of the current retail value for your jewelry.
Step 8: Look at the prices of similar items.
I don't know how much sellers are getting for reselling diamonds of similar size and quality, and in similar settings to yours, on sites like eBay, or I Do.Information about the quality of the diamond and the type of setting should be included when searching for similar items.The material used for the setting.14k yellow gold.Take into account the range of prices for similar pieces, from low to high.
Step 9: A minimum price is what you should decide.
Decide on a realistic price range for your diamonds based on your research and appraisal.If you are willing to part with your diamonds, set the absolute minimum price.If you found similar pieces, you could set your minimum price at $400.If you decide to sell your piece on eBay, you can either set a reserve price or a fixed price.
Step 10: You can sell your diamonds to a jewelry dealer.
This is the best place to sell your diamond jewelry.If you want to know if your potential buyer is a member of a gem society that promotes ethical practices, check out their Better Business Bureau ratings.You are unlikely to get the best price for your diamonds if you sell them to a dealer.In order to make a profit, jewelry dealers will probably need to pay less than market value for your piece.
Step 11: You can sell your diamonds at a shop.
Consignment dealers have better prices than other jewelers.Rather than buying your diamonds from you, they will sell them to you and take a percentage of the sale price.The higher the price, the more money they make.A gem or estate jewelry dealer is a good choice.You should look for a dealer that has good references and reviews.If you want to sell your jewelry through a dealer, you need to find someone that you can trust.Consignment dealers will take a 25% to 40% commission on your diamond.
Step 12: You can sell your diamonds directly to the public.
People who buy gems and jewelry for personal use are likely to have better prices than dealers.If you want to sell your diamonds directly to public buyers online, there are a number of sites that you can use.Some sites will take a commission on the sale of your jewelry, or charge a small fee for listing your item.Before you decide where to sell your diamonds, make sure you review each site's policies.If you don't want to sell your diamonds online, you can sell them in your local newspaper.