How to Sell A Diamond?
The’re a lot of grounds for which you might desire to sell a stone that’s you own. Maybe you’re gotten a divorce, or perhaps are strapped for money however the reasons why doesn’t actually matter, it’s getting the greatest possible price is what counts! The method to obtain the greatest price for your diamond is to not be in a hurry so take it slow, and cautiously consider all of your choices – there are lots.
First, get the diamond assessed - in fact, have it valued by at least 2 to 3 jewelers to get a good estimation of the diamonds price. Inform the appraiser that you need the Rapaport Value, which is the wholesale worth of your diamond, which basically lets you know the highest price that you can sell the stone for. If your stone lacks certificate, you should think about getting a certificate through GIA since that can help you to get a better price for your stone as well.
First, try to sell the stone on your own, to those you know, since friends and family members could be interested. If you don’t have any luck with your friends or even relations, you should consult with other sources but absolutely avoid pawn shops! Pawn brokers will only give you around 10 percent of what the stone is actually valued at! Also avoid any offer regarding selling your piece on consignment. There are several different things that could go wrong, and there are a ton of diamond swindles –even within well known jewelry establishments.
If your stone is important, then you might earnestly think about auctioning it through one of the famous auction houses, such as Christie’s or Sotheby’s. If it isn’t what’s thought of as an ‘important’ diamond or a high-end example, you should attempt to trade it to a person using classified ads, or even eBay. Nevertheless, selling to a person whom you don’t know may place you in a dangerous situation – and even more so if the diamond is valued highly.
The last choice should be a jewelry outlet. It is vital that you do not let your diamond out of your sight while inside the jewelry stockist – as you might discover that the diamond you walked the store with is not the same diamond that you walk out with! The trader could try to tell you that your stone is of poor grade or lightweight and of course, there will always be an issue with your diamond. This is where your appraisal and/or certificate may come in handy and if the jeweler is fair, they will propose somewhere between sixty and eighty percent of the total value of the Rapaport Value. Don’t take a price lower than this and of course, don’t let your stone out of your sight till you’ve have been paid for it.
