Where to Sell Diamond Jewelry: Selling Online or In Person?

In First step in selling your diamond jewelry is to understand exactly what you have, especially the diamonds by itself. It can be done through a grading system by a reputable diamond laboratory such as Gemological Institute of America also known as GIA. Many people mistakenly assume an Appraisal as basis of selling their diamond or diamond ring. The appraisal value is only for insurance replacement in case of loss or damage of the item and not as reference value in selling your diamond. This is also the reason why an appraisal value has an inflated amount so that the diamond replacement can be favorable to the insured.  Any offer you receive will be based on how the buyer sees the diamond grades, so it’s in your best interest to anticipate what those grades will be. Estate is a general term used to describe previously owned items. Preowned jewelry is not as valuable as new. Most people will never buy a previous owned engagement set even though it cheaper than a new one.

Selling Online

When using internet sites remember that the people who browse them are looking for a great deal with convenience. That is why they’re shopping online! Don’t expect someone to get impulsive and pay you full retail, it just won’t happen. Post a credible lab report or independent appraisal and good photos of your diamond. This will help boost your post. Decide on your selling price and list it as firm or build in a negotiation cushion. Selling online is a little difficult especially when you selling a valuable or expensive item. So keep in mind that some people are smart enough to know the risk on getting a valuable things online, they’re afraid that it might be a “scam” or some fake advertisement.

Selling In Person

Dealers range from your neighborhood jeweler, connections through appraisers, to pawnshops and side of the road Gold Buyers. Selling to reputable company makes more sense if you don’t have the time or temperament for sales or consignment – or if you just plain need the money. When a dealer makes an offer that seems great don’t say “yes” until you know the deal is fair and that payment will truly be immediate. Never confuse a carefully worded question such as “Would you be willing to take X for your diamond?” as an offer to buy.

Many consumers believe that question was actually an offer but it wasn’t. It was just a probing question, and possibly not a fair one. Respond to such a question by asking if the buyer will pay you NOW for the amount that is quoted. Be aware if you are a novice in this endeavor to sell a diamond compared to any diamond business “expert”. They have a competitive advantage. Yet again, it helps if you understand exactly what you have to start with. If the negotiation doesn’t feel right, walk away. You can always come back later. Having some experiences helps, and the best buyers to work-with may be those who have seen a lot of diamonds and successfully worked with a lot of people before you.