How to Sell Diamond Jewelry

Diamonds have always been a popular gem and symbol of wealth, love and marriage. These popular gems have been in high demand through successful marketing efforts of the diamond industry. Many people have inherited diamonds or have an engagement ring from a first marriage they don't care to hold anymore. In any of these situations, selling your diamond jewelry can be a profitable effort if you take a couple of steps prior to selling your gems.

Difficulty: Moderate

Instructions

Things You'll Need:

• Certified jewelry appraisal
• EBay account

1. Find a jeweler you can trust to get an estimate. You can either go to a certified gemologist from your yellow pages or from a personal recommendation.

2. Ask the jeweler for an estimate you can show to potential buyers to prove the cut, color, clarity and carats of your diamond. With this proof, you will be able to certify the quality of your diamond.

3. Ask the jeweler you received the estimate from if they would sell your diamond on consignment. They will usually get a commission for their efforts. These commissions can cost up to 15 percent of the final selling price.

4. Place your diamond jewelry on eBay. EBay is a self-service selling auction for consumer products. With little set up, you can set a reserve for what your diamond is worth.

5. Contact a jewelry selling service to sell your diamonds. You can find these service on the Internet. You will be getting less for your diamonds since you are having a service sell these for you, but you will get a check for your diamonds within a week.

Tips & Warnings

• Get your diamonds cleaned before selling. They will sparkle and be more attractive to potential buyers.
• Selling your diamonds privately may be dangerous. Be wary of meeting people in private to sell your jewelry.

Resources

• An online service that will buy your unwanted diamonds and jewelry.