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Tips on Selling Diamonds

Selling diamonds may be your best option if you have inherited diamond jewelry that you don't want, or you need to raise money to meet some financial commitments. Perhaps you have recently gone through a divorce and want to get rid of jewelry that has bad memories for you.

Tips to Get the Best Price

Whatever your reason you will want to achieve the best price for your jewelry sale. Here are some tips to help you.

One of the first things you should do is get a diamond appraisal done so that you know exactly how much your diamond is worth. Don't forget that the setting may also be valuable if it is made of a precious metal such as gold.

selling diamond jewelry

Any professional diamond appraiser will look at how the diamond is cut, what color it is, its clarity and its carat weight (as well as its provenance) to set a value for it. Once you have this information, it will be much easier to sell your diamond.

Where to Sell

But where should you go to sell your diamond?

Some of your options include selling the stone to a jeweler.

You will need to find someone that is reputable and you should take all relevant documentation that proves the value of the stone when you visit the shop.

It is best to make an appointment rather than turn up unannounced. The jeweler will want to appraise the stone before making you an offer. Don't expect to get the full value of the stone because the jeweler will be looking to make a profit too.

Improving Your Profits

One way to improve your profit potential when you sell your diamonds is to sell them online. Use an online auction on a site such as eBay and you could really clean up.

To maximize your chances of making a good sale, include crisp, clear photographs and as much information about the stone as you can.

Most buyers will be looking at the 4Cs and will also want you to have the diamond shipped for appraisal. Bear this in mind when setting a price for your stone.

Follow this process and selling diamonds will be a breeze -- you will soon have the profits in your pocket and perhaps can buy some diamond jewelry of your own.

Related Links

  • Make Money With Jewelry
  • Do people make money at home with jewelry in online auctions? Yes you'll find diamonds and other gems among the numerous items being sold online especially in auctions. There is a huge selection of loose gemstones, beads, amulets, costume and ethnic necklaces on auction sites such as 'eBay'. Selling gems online is one of many profitable money business ideas.

    Solitaire Engagement Rings


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