Important Steps To Take Before Selling a Diamond

With the demand and rising prices of the precious gemstone in recent times so much so that gold buyers are now advertising that they buy diamonds too.

It’s a good idea to take advantage of unused diamond rings, jewelry and other trinkets around your home. With this in mind, you need to familiarize yourself with all the important data before selling diamonds for cash, so that you can make the most money from the sale.

Let’s say you want to sell a diamond ring; obviously as any married woman will gladly tell you not all diamond rings are equal. Understand what the four C’s are as pertains to a diamond: the cut, the clarity, the color and the carat this last is the standard measurement of weight used for precious gemstones.

Take your diamonds in to have them appraised by a professional. It doesn’t matter where you intend to eventually sell diamonds for cash.
Whether you choose a family member, a close friend, a diamond brokerage form, an online dealer or even your local pawn shop you should have definitive knowledge of its true worth. Plus, you can get a certification slip proving how much it’s worth.

Take the time and effort to thoroughly clean your diamonds. In addition to being more presentable and therefore more attractive to prospective buyers, a good cleaning will extend the lifetime of the gemstone. People are visual creatures, so while a well-cut diamond looks beautiful, a perfectly clean, well cut diamond looks magnificent.

You should avoid a pawn shop like the plague if this is true, because they will only try to pay you for the gold. Take it to an appraiser if you suspect it might be worth something more than the melted gold it would provide.

Become familiar with how the monetary worth of a diamond is judged, which entails finding a table of values from a powerhouse financial site (to be certain of the accuracy of the figures there).

Do some comparison shopping. Check out what a nearby jewelry shop says about your diamonds; this will give an idea of the wholesale price.
Do not sell diamond engagement ring there, however.

If you’ve tentatively settled on the company you want to go with, be sure to check their site for a listing of values.
All reputable ones have them – no excuses.

Take the time out to search for the company’s pro-file in the Better Business bureau’s data banks.
If there are any complaints against them, try another online diamond dealer.

Find the physical location of the online business; is their address easily available on their website?This may not be a cause for concern if they have a direct number that works.
You should have discovered their address on the Better Business Bureau’s website with their positive rating.

Be wary of so-called gold parties, because historically you’ll lose money at them. People throw them so as to take advantage of the social aspect, which tends to make gold sellers part with their jewelry for lower prices than they would get straight up elsewhere.

Scour the agreement details before you commit to anything. Some companies have been known to try to lock you into accepting any offer they tender, even if it’s a wholesale offer comparable with what you could have received from a local buyer.

Before you sell a diamond ring and let the valuables out of your sight, determine the level of insurance that will be protecting your stuff once it’s in their possession.