How to Sell Diamonds

Diamond jewelry pieces are good investments since they rarely lose their value over time. If you have some diamonds that you are looking to sell, you need to know the basics of marketing the piece in order to get the best price. Read on to learn how to sell diamonds.

Difficulty: Easy

Instructions

1. Find out the value. You need an appraiser to let you know the monetary worth of the diamond. This gives you a better idea of how much you should try to sell the piece for to potential buyers.

2. Know the four Cs. Before you sell the diamond, you need to know the cut, carat, clarity and color of the jewel. This information is normally provided in an appraisal.

3. Write a description. After you gather all of the information about the diamond, put it all in ad form. Place the ad in the newspaper or hold an online auction to sell the diamond.

4. Sell the diamond to a jeweler. If you don't want to go to the hassle of selling the diamond, you can see if a jeweler is interested in the piece.

5. Give a complete history of the diamond to any interested party. Let them how you came to own the piece and how you took care of the piece while it was in your possession.

6. Include all appraisals and certificates with the sale of the diamond. Diamonds with paperwork are more likely to get a better sale price.

Tips & Warnings

• If you do sell the diamonds to a jeweler or through a third party, you are likely to get a lot less than if you sold them directly to a buyer.
• Be careful if you do choose to sell your diamond in the newspaper or online. You should make sure all checks clear and that the person is a reputable buyer before giving them the jewelry.

Who Can Help:

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[ddcahill]

on 5/24/2009 There also some good tips and info on selling your diamonds in San Diego and other places on this page:http://www.sandiegojewelrybuyers.com/knowledge/diamonds.html. Research as much as you can. Don't rush.

[melb4]

on 2/13/2009 I didn't really know the best way to sell my diamond, so I contacted a few of the online diamond buyers and went with a nationwide buyer in San Diego, CA. Their website is: Jewelry2Cash.com for any interested party. They offered a free price quote and their customer service was wonderful. I feel I received a fair cash offer when selling my diamond.

[Sparkles1]

on 8/21/2008 Or you could visit our website www.HamiltonYorkEstateBuyers.com if you have a large diamond you are interested in selling. We offer to meet you in your hometown bank to finalize the purchase with an immediate direct wire transfer into your bank account. Thank you, Brett J. Krauskopf, President

[Momowisc]

on 8/11/2008 There are also sites like www.idonowidont.com that are specifically designed for reselling diamonds. Bloomberg News actually just wrote an article about them today.
http://www.bloomberg.com/apps/news?pid=20601093&sid=aIpNv7nRUzFE&refer=home