If you own diamond jewelry, there may come a time when you wish to sell your jewelry for any number of reasons. It may be that you need some quick cash, or that there are unpleasant memories associated with a particular piece of jewelry. When you decide to sell your diamond, there are many options available to you. There will be many buyers willing to purchase your jewelry, but each one will be different. It is important to weigh the pros and cons of selling your diamond jewelry to a certain diamond buyer. Be sure to consider your unique needs when deciding where to sell your precious stones.
Often, the first places that come to mind when people want to sell their diamonds are pawnshops or the local jewelers. Selling to these buyers will ensure instant cash, but they often will only pay a certain percentage of the actual market value of your diamond jewelry. This is not the best option if you want to get the most money for your jewelry. One upside to selling your diamonds to these shops is that, if you change your mind once you sell, you can still get your jewelry back, as local jewelers and pawnshops often offer a cooling period of 6 to 12 months.
The second option for selling your diamond jewelry is through an auction. This is a good option if you want to sell your gem at a higher price than what the pawnshop offered. On the downside, a higher price is not guaranteed, as the price will depend on the bidders who are present at the auction. Also, once the deal is done, you will not be able to recover your diamond should you change your mind.
The third option is also the most convenient: selling online. With today's technology, you can sell practically anything on a website, so it is fairly simple to sell your platinum, gold, silver, diamonds and other precious stones. Many online sites offer price evaluation and delivery solutions. You should make sure that the diamond buyer you choose to deal with is reliable and has a good reputation in the market. Also, verify how quickly you will receive cash for any gems that you sell. Once you have decided on an online buyer, contact them and give them the details of your stone. Reputable diamond buyers will call you promptly and will assess your diamond according to four characteristics: color, cut, clarity, and carat. After the assessment, your diamond jewelry will appear on the trading site, and once an interested party decides to purchase it, the online retailer will contact you. If you agree to the offer, you will send your diamond to with a courier such as FedEx, UPS, or DHL, and you will receive your money.
When deciding how to sell your diamonds, consider the time it will take for you to receive the money, whether or not you might your change mind, and the ease of completing a particular transaction. Taking these details into account will help you determine which option best suits your needs.
Selling diamonds should not be a difficult process, especially if you are in need to sell them for any reason. All it takes is some research in finding venues to sell your diamonds at a price that is reasonable to you.