Many people wish to sell their diamond jewelry but they have problems in doing so since they do not have any idea as to how to sell it off. Selling diamond jewelry is not one of the easiest tasks since one requires to keep in mind several important factors such as how much is the diamond jewelry worth, where to sell and to whom, what is the current value that one can fetch while selling diamonds and so on. Most importantly, one must see to it that they do not become victims of fraud or get cheated while selling their diamond jewelry.
Unless you have some experience in selling diamond jewelry or are a diamond dealer or a merchant, selling diamond jewelry can be quite a daunting task. Therefore, learning a few tips will only make it easy for you to sell your valuable piece of diamond jewelry.
Know The Resale Value
Enquiring about the resale value as well as the current value of diamond in the market will help sellers to know how much their diamond jewelry is worth and then fix a price accordingly. Getting a good resale value largely depends on a number of factors such as carat, color, clarity and cut. It is important to include all these factors while evaluating the resale price that you are going to seek for your diamond jewelry.
Shape And Cut Matters
Diamonds with different shapes are priced differently in the markets. For example, diamonds with emerald, pear, princess, radiant, cushion, marquise, oval cuts are priced well below the ones which are more popular such as the round brilliant cut diamonds available in the market. Fancy shaped diamonds are less valuable than the old European cuts due to the latter’s popular demand. Therefore, one should take into account the shape and cut specifications in order to get a suitable price while selling their diamond jewelry as they largely impact the brilliance and therefore the value of the stone.
Whom To Sell
You can sell your valuable piece of diamond jewelry either to a private buyer or sell it to a diamond dealer. Although selling your diamond jewelry to private parties may bring in more money, but one needs to take guard of the various risks while undertaking this route. Selling on consignment is also a good option if you are unwilling to sell it to a private party. Under this mode of selling, you agree to keep your diamond jewelry at the store till it gets sold and accept to receive only a percentage of the proceeds once the item is sold. However, before you handover your valuable diamond jewelry to the store owner, do remember to ask for a copy of the store’s sales terms and conditions in writing.
Safety And Security First
If you are selling through a site then you must be especially careful of your safety and safeguard against any security risks and fraudulent buyers. It is advisable that you do not list your diamond jewelry on multiple sites.
Accept Cash
Convince the buyer of your diamond jewelry to pay you only cash and agree to meet the buyer at a safe, public place.
The above-mentioned tips will help you not only to sell off your valuable diamond jewelry in a secured and timely manner but also help you get the right price for it.