Cash for your diamonds…might sound easy, but in fact selling is a more complex process. Selling diamonds to top trustworthy buyers is not that easy. While you advertise your diamonds online for example, you are constantly exposed to risks such as underselling your diamond, or facing some sort of fraud. The best thing you can do to find a reliable way of selling? Read this little guide to find out.
Don’t go with direct retail
What does direct retail mean? It is simply when you enlist your diamonds on different online portals and forums and try to sell them. This is not the best way to go, as you do not have any guarantee that you will find a reliable buyer ready to pay what you ask. Also, if you are looking to get cash fast, with direct retail it might take even months until you can find a few truly interested buyers. Don’t waste your time trying to sell highly precious gemstones on forums and online marketplaces. Instead, follow the next step…
Take your diamonds for appraisal
Yes, the best thing you can do is take your diamonds to a reputable jeweler buying company and get a fair appraisal. Even if you have a certification of quality, you still can’t tell exactly how much your diamonds are worth on the current market. You might actually be able to make several thousands in profit, because the value of your diamonds appreciated over time.
An expert jeweler will analyze professionally your diamonds while keeping in mind all important market trends and strategies. With such a professional valuation in your hands, you know the exact value of your diamonds, so you can avoid the risk of underselling. There are just too many ‘sharks’ out there taking advantage of the fact not each seller knows how much their diamonds are worth. This is exactly what you want to avoid.
To sell or not to sell?
The respectable jeweler who offered you the valuation, can also make an offer to you. Jewelers constantly buy and sell diamonds, and if he likes your jewelry he might want to buy. Based on his valuation and appraisal, he can come up with a fair offer for buying. You can take your time to review this offer, and decide whether you want to sell it or keep it and maybe sell your diamond at a later point in the future. The decision is 100% yours, but the most important thing you need to remember is that you should always take your diamonds for professional valuation, and sell them only to trustworthy buyers.