Diamonds are forever, but everything else is not. If you happen to have old diamond jewelry that you just don’t wear anymore, or that reminds you of a bad relationship, now it’s the time to make some serious cash out of it. Over the last couple of years, diamonds were high in demand, as new markets from China and India emerged. Jewelers were getting some serious orders for diamond jewelry, so naturally they preferred to buy from public rather than buying them wholesale, because you that way they can often get unique and high quality diamonds.
However, jewelers learned quickly how to make profit out of diamond jewelry and most of them are offering much lower prices than what the stones are actually worth. If you’re planning on selling your diamond jewelry, be careful not to make a bad decision and getting far less money than you should. Selling diamond jewelry is more difficult than selling gold, because gold has a quantifiable melt value, and diamonds don’t.
- The first thing you should do is knowing exactly what you got. If you didn’t have you diamonds appraised, a professional diamond buyer should be able to evaluate them properly. If you’re insecure about the evaluation, feel free to ask around and get a few quotations from different buyers, and then you’ll have a clear picture of how much money you could get for your diamonds.
- Have realistic expectations regarding the selling price. If you want to make as much as you spent for you diamonds, this is not going to happen. If someone would pay you the same price, why wouldn’t they just buy new diamonds instead?
- Choose you buyer carefully, make sure it’s someone you trust, with good recommendations and a solid background. Selling to industry professionals is easy and fast, but you could make some more money if you try to sell to a private buyer. However, these transactions are not risk-free and sometimes it takes longer to get to an agreement with the buyer, so if you need cash fast, this is definitely not the right option for you.
- Clean your jewelry. Any jewel looks better cleaned. It’s not something difficult to do, nor is it costly, you just have to make sure you’re not using any damaging substances. You save the buyer from the hassle of cleaning it and this could make the offering price go a little higher.
Where to sell diamond jewelry?
The first places people usually go are pawnbrokers and jewelers. Unfortunately, they will also offer you the lowest prices because that’s how they make profit, by reselling the diamonds further, so they need to go as low as it gets.
Selling online, on various action sites seems like the handiest way, but, as stated above, there are some risks involved. You could come across a scamming buyer, someone who’s making an offer and then refuses to pay, or you’d have to wait longer to receive the money, deal with sending the diamonds, because you must have some sort of insurance to make sure they get to the buyer safely and so on.
To make sure you get the best possible price for you diamond jewelry, the Best NYC Buyers staff is ready to assist you with everything you might need. Our team of experts is qualified to evaluate you diamond jewelry and to offer you a high price. It’s easy to schedule an appointment and we’ll guide throughout the entire process, keeping you informed on how we evaluate diamond jewelry and how the prices are set.