If you want to sell your diamond jewelry, no matter the reason, there are plenty of important things you have to consider.
Rather than simply accepting the first offer after posting on Facebook about your jewelry, you should be looking for a much more legitimate diamond ring buyer.
Here is everything you need to know about selling your diamond ring!
Once you’ve found a buyer in your area, it’s time to determine whether or not they’re a credible diamond buyer. Here are a few important things you need to look for if you want to make sure your buyer is legitimate.
- They only offer in-person meetings — In-person meetings are essential for diamond buyers. How else will they assess your jewelry? If the buyer you’re researching only works through online transactions, that’s a big red flag.
- There are lots of customer reviews — Customer reviews are an incredibly important source of information when you’re seeking out a diamond buyer. The more positive reviews you see, the better.
- They take their time assessing items — If a diamond buyer takes one look at jewelry and spits out a price, that should be a big warning sign. Experienced diamond buyers will take their time assessing your items and often go into detail about their assessment process.
These are just a few more in-depth features you should be looking out for on your search for a credible diamond buyer.
Selling a diamond ring to credible buyer
A diamond engagement ring doesn’t just have sentimental value. They can offer you quite a lucrative return if you handle the transaction properly.
Online sales are great for selling furniture, tools, and other items — but not for expensive jewelry. Instead, you should do a little research and find a professional engagement wedding ring buyer so you’re getting a fair price and are not being taken advantage of.
Start online with a quick Google search. Simply type: “We buy diamond jewelry” and you’re on your way!
Getting to know your diamond
Before you even start looking for buyers, however, you should learn a little bit more about your diamond.
Perhaps a grandparent gave you their antique diamond a few years ago and you don’t know too much about it. Maybe it’s been in your family for generations and you haven’t taken the time to learn more about its history.
Even if you purchased it for someone in the past, you might not be aware of its actual worth.
All you have to do is visit a professional gemologist who can perform a diamond authentication test, which is a crucial step for accurately determining the diamond’s worth, its origins, and its authenticity.
Most importantly, you’ll be able to learn about the diamond’s grade, which can sometimes dramatically affect the selling price. The four most important components of diamond grading are cut, color, clarity, and carat.
- Cut — Diamond cut specifically refers to the quality of its cut (angles, proportions, symmetry, scintillation, etc.) and how that affects the stone’s aesthetic appeal. There is no ideal cut across the board. Rather, each diamond’s perfect cut depends on the stone itself.
- Color — This C is graded based on how much color a diamond has. In comparison to its setting, you want a diamond to be colorless and clear. Any tinting or cloudiness could negatively affect this grade.
- Clarity — As we just discussed, clarity doesn’t have to do with the color of a diamond. Instead, this grade focuses on any imperfections on the diamond’s surface or within it. A grade of FL means a diamond is flawless.
- Carat — Also referred to as “carat weight,” this grade is based on the diamond’s weight, not its size. Depending on cut, carat weights may differ between diamonds of the same quality.
After this step, you’ll know so much more about your diamond’s cut, clarity, color, value, and so much more!
Set realistic expectations
Though diamonds are extremely valuable, you’re likely not going to get more than what you actually paid — and that’s okay.
Sadly, people often go into these kinds of transactions expecting to earn a significant amount more money than its original price.
Diamond ring buyers aren’t there to take advantage of you, but they need to make a profit. If your diamond ring has just been sitting around for years, however, simply getting any amount of cash in return will be well worth it.
Selling diamond jewelry: common mistakes
You already learned about the importance of getting to know your diamond, selling to a credible diamond ring buyer, and setting (and sticking to) realistic expectations, but there is a lot more you need to be aware of when it comes to selling fine jewelry and diamonds.
Unfortunately, it can be very easy to lose out on a diamond ring transaction if you’re not careful. Hopefully this guide will help you avoid any financial trouble and walk away with plenty of cash!
Here are some diamond selling mistakes you should avoid at all costs:
- Not working with a diamond ring buyer — Though many jewelry stores have jewelers who are very knowledgeable when it comes to diamonds, working with a credible buyer is a much better idea. At a jewelry store, you won’t be able to get a private appointment and you’ll never get their full attention because they want to make money — not make you money. Certified buyers will take time to appraise your diamond and get you your money’s worth.
- Not asking questions — From the moment you decide to sell your diamond jewelry, you should be asking all the right questions — especially once the appraisal process commences. Ask the buyer how they arrived at the valuation, what factors were taken into consideration, and if you’re likely to get a similar offer from other buyers.
- Ignoring your instincts — If something feels off during this transaction, you might want to step away and reconsider. It can be easy to get talked into a price you’re not comfortable with. Instead, simply end the transaction until you’re ready.
A good diamond buyer will want you to feel at ease throughout the entire process. Make sure that whenever you decide to sell your diamond jewelry, you work with a credible engagement wedding ring buyer, ask any many questions as you can, and always go with your instincts.
If you are looking to sell your diamond ring to a credible, reliable, and fair diamond ring buyer, or turn some of your other fine jewelry into cash — contact Aaland Diamond Jewelers right away!