A Few Surefire Ways to Sell Your Diamond at the Best Price
A diamond is one of the best investments you can make. Moreover, when the time comes to sell, you should be able to get the best price. You cannot obtain the best price if you are in a hurry to sell your diamond. You can find out how to sell your diamond for the highest price by continuing to read.
If you are selling a diamond, the first thing you need to do is get it appraised. Getting an appraisal from three jewellers is a good idea so you can be sure of an accurate valuation.
Request an estimate of the diamond’s wholesale value from your appraiser. This will tell you the highest price at which your precious stone has the potential to be sold. Moreover, you should ensure that you have a certificate or a jewellery grade report because this may have a positive impact on the price of your diamond. A GIA certificate may be obtained if you do not have this documentation.
Your family and friends are a good place to start when selling your diamond or sell engagement ring. However, if they are not interested, you should find someone else who might be interested. It is not a good idea to bring your diamond to pawn shops as they will only offer you 10% of its value in exchange for your diamond.
If you have a significant amount of value attached to the diamond, it is recommended that you try to have it auctioned off in a local auction house. Selling an item through classified ads or eBay may be an option if it is not an important or high-end item. When selling it to an individual you will never meet, be careful, especially if the money involved is significant.
You should only consider selling it to a jewellery store as a last resort. While at the jewellery store, always keep your eyes open for the diamond. Jewellers sometimes switch the diamond with a poorer quality diamond with the same look.
In that case, the jeweller will only compensate you with the price of a poor-quality diamond, which is much lower than that of your own. Keep a copy of the certificate on hand at all times, as this will provide you with information about the piece. There is no diamond exactly like another.
It would be fair to charge between 60% and 80% of the wholesale price. You should not conduct business with jewellers who offer less than 60%. Be sure not to let your diamond leave your sight until it has been fully paid for.
So Listed here are some ways to sell diamonds or sell engagement ring without risking a loss, but you must consider all the instructions mentioned above and follow the points that will not lead to a loss in diamond dealing.
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