Anyone can talk about the eternal value and symbolic representation of diamonds. However, the reality is that they may not necessarily be forever. Even though most people would look at these items as family heirlooms to be passed down from generation to generation or associate them with engagement, there are many scenarios wherein its sale becomes necessary.
For instance, there may be situations wherein your financial status may encourage you to sell. Or perhaps the item may represent painful memories of a separation; ridding yourself of it may ease your emotions. However, selling isn’t as easy as buying. To help you out, we’ve listed down some tips to keep in mind when selling diamond jewelry. Continue reading to learn more.
- Secure a certificate of grading from a credible lab
One of the reasons selling diamond jewelry can be a challenging prospect is that it generally requires proof of authenticity. Nobody will buy a high-value item on the word of the seller alone, after all. One of the simplest ways to support its genuineness is by getting it evaluated and graded by a credible gemological lab.
The certificate that they’ll provide will usually contain pertinent information on the piece, from the precise weight of the item to the quality of the cut, color, and clarity. Because a third party performs the grading process, biased opinions are eliminated from all involved parties. Keep in mind that pricing can be tricky since it’s based on the current marketing conditions, so be sure to check www.gemesti.com/where-to-sell-diamonds/ for more information.
- Collaborating with professional jewelers
Apart from purchasing from a distributor, professional jewelers may also take the used items themselves. But before you do business with them, make sure that you prepare yourself with information on the diamond’s overall value, preferably with a GIA certificate. After all, they’re businessmen too. Naturally, they’ll want to get the most of the deal, which usually means purchasing the item below the dumping price.
Usually, the aforementioned dumping price is around forty percent of the diamond’s value. It’s a general rule of thumb never to go below it, so don’t take the first offer that comes up. Instead, negotiate and haggle with the price. The closer you can get to its listed price, the more money you’ll make.
- Sell the item yourself
If you’re willing to do the job yourself, you’ll want to source out prospective buyers. Typically, there are various ways to sell different items, and the majority of these strategies work for diamond jewelry. For example, you could get in touch with friends or family members who may be interested in taking the item out of your hand. Online stores like Craigslist and eBay are also excellent platforms to sell.
Selling a diamond might sound like a tricky affair, but it doesn’t always have to be the case. By following these smart and practical tips, not only will you be able to close a sale. But you may get a lot more for the diamond jewelry than you think.