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Best Places to Sell Diamond Jewelry

Snehal Motkar Jun 18, 2019
Do you have a jewelry box just sitting in your cupboard collecting dust? If yes, it's high time to sell it and get the latest one. But how? Who will offer the best price for your precious diamond jewelry? Here are the best places to sell your diamond jewelry.
Jewelry holds a very special place in women's life and without it they feel incomplete. They are fond of trying out different varieties of jewelry. Generally, amongst all the varieties, diamond jewelry holds a higher position. It attracts most women because of its variety in the real sense.
Diamond earrings, rings, bracelets, necklaces, are the most common forms of this type of jewelry and are always in demand. Usually, we buy things that attract us and always love what we buy. But we do not keep them with us forever. It is quite natural that after a period we get bored with them and want something new in their place.
Generally, we put old things into waste bin or give them away if they can still be used. But, it is not the case with every object. There are some items that are very precious and costly, gold and diamond jewelry, for instance. These are the products that we cannot throw away or give to anyone, even if we get bored with them.
We have invested so high in them that we expect something out of them and it is absolutely logical. So, we think of selling them.
Another major reason behind selling the jewelry could be financial difficulty. Selling diamond jewelry to overcome financial problems can be a better option rather than seeking help from friends and relatives or taking a loan. Following are the ways that will guide you in selling your jewelry.

Where to Sell Diamond Jewelry

The best way to sell diamond jewelry is to sell it for cash. Selling your jewelry to an individual instead of a jeweler is profitable. You simply wear during any special occasion like social gathering, a wedding or an outing with your friends and see the compliments you receive. Then, just mention the desire to sell it.
Surely, you will have a lot of them expressing their interest, however, you may have to get the jewelry appraised which needs a lot of time. If you are not willing to spend much time, you can think of the other methods suggested here.

Jeweler

You can always give first preference to your jeweler i.e., the person from whom you bought it. You can sell your diamond jewelry to him under a diamond price quote system. Fix a price below which you do not wish to sell your jewelry.
You should provide as much information about your diamond as you can. Then, he will verify whether the product was actually bought from his shop or not. For that he will ask for the diamond's certificate.
A diamond certificate is the diamond grading report. It is the proof of the diamond's authenticity, identity and value. The certificate gives you the information about the exact size, weight, cut and the quality of the diamond.
Once the verification of your item is done, he will offer you a blind estimate. You might expect the jeweler to pay the nearest amount of your purchase value, but, it is not possible in every case as the value of your diamond will depend on the current market status and the condition of your jewelry.
With the confirmation of the authenticity of the diamond and your acceptance of the blind estimate, the jeweler presents the firm cash offer to you.

Internet

Sometimes, you can sell your diamond jewelry over the internet. Lots of websites have an auction sale where you can maximize the value of your jewelry. Know which website has maximum visitors and register your product with it by paying the charges, if there are any.
But, beware of any frauds taking part in the auction and causing problems because there are people who are not interested in buying and just go on increasing the bid. The genuine buyers as well as sellers are badly affected by this fraud bidding.
You can also enlist your diamond jewelry in classified ads. Using a Craigslist is also beneficial because you can meet the buyer face to face and have a more clear picture of the buyer's attitude in purchasing your jewelry. You should always prefer to sell your jewelry for hard cash while using Craigslist.
Remember that Craigslist is not involved in any transaction and does not offer any "seller certification" or "buyer protection". You should try to deal with local buyers which will help avoid complications in transactions. Do not give any of your financial details to the buyer, rather, try to contact in person.
Accepting credit cards is must for online transactions. Paypal is the most recommended merchant. It is quick and easy. They take all the orders for you and send the revenue directly to your Paypal account. In return they take a small percentage from every sale you make.
Another way of selling products online, is by creating your own website. You should focus on creating a search engine friendly website to allow the buyers locate your site. Make sure that your web host provides you with website creation and marketing support because some of the web hosts do not have this facility in their model.

Other

Selling diamond jewelry at pawnshops is not a good option. These are the people who buy jewelry at a very low price. Pawnshops usually pay you only 10% of the true value of your product.
There are entities such as a museum, private organization or a person who buy certain items fulfilling their requirements. If you think your valuables are rare, which can easily happen if it is in your family for some generations, you must approach these entities.
Or if there is something unique about it such as the design, shape or if the diamond has some characteristics that are rarely found, then, you can locate a collector of such items and strike a bargain.
All the possible ways of selling diamond jewelry are suggested to you. The given information will definitely help you get valuable returns from your sell of diamond jewelry.