Learn the Best Way to Sell a Diamond From a Diamond Buyer

Do you have diamonds in your treasure chest and are planning to sell them? Instead of these precious stones gathering dust, they could be worth more than you imagine. Maybe, it has already popped into your mind to sell them but don’t know where to start. 

Diamonds are forever, but not in your hands. Not sure where or how to sell them is the most difficult part. How can you determine their true value? Who has the expertise to offer you the best price? Where do you start?

Looking for the most convenient way of selling your diamonds is a simpler process than you ever thought. This article will give you peace of mind and let you take control of your selling journey — things that most sellers in the diamond market aren’t even aware of.

What Makes a Diamond Valuable?

Before selling your diamond, it’s best to understand its value. The two most common methods for assessing a diamond’s worth are online calculators and professional appraisals.

Online Calculators

There are several online calculators available that can provide you the much-needed estimation of your diamond. These calculators usually ask for information such as weight in carats—and sometimes even cut, color, and clarity of your diamond. The calculator will use this data to estimate the value of your diamond.

One of the big advantages is that an online calculator can provide you with a ballpark range for what your diamond may be worth, all without leaving your home. This is only good if you are trying to get a ballpark estimate or see what an online buyer might pay for your diamond.

However, online calculators have a few limitations. They can give you a rough estimate but are not considering the little things that could make your diamond much more valuable, such as the distinct characteristics of your diamonds or what’s trending in the market when it comes to prices.

Online calculators do not offer an exact value on your diamond as they are basic algorithms and usually fail to factor in some of the more important aspects of grading a diamond.

What Are the 4Cs of Diamonds?

The 4Cs stand for carat, color, clarity, and cut. These are determiners that play a sensitive valuation in any diamond.

• Carat: Refers to the weight, not size, of the stone. Larger diamond stones command higher prices. But carat isn’t the sole determiner.
• Color: The most valuable diamond is the one without color. Diamonds’ colors are graded from D to Z, colorless to light yellow or brown).
• Clarity: Do the diamonds fade in time? Their clarity determines their value, especially the flawless ones. However, those with blemishes or any sort of imperfection would naturally be cheaper.

Cut: By far the most complicated of the 4Cs. A properly cut diamond will reflect light at its best, which is why we all love that sparkle. A diamond with the most ideal cut is the most expensive.

Professional Appraisal Services

If you are looking for professional appraisal services, your diamond shall be evaluated by a qualified gemologist or appraiser. They are specially trained people with the right tools to inspect your diamonds.

A professional appraisal service offers some advantages over DIY approaches. But one thing you can get the most from the experts is their honest valuation of your prized diamond. This is a good thing because if selling your diamonds, especially those listed as high value, you would want a reputable online diamond buyer.

But the same professional appraisal services could also have some cons. This offering could be pricier and more time involved than an internet calculator. The appraisal may also differ in quality depending on the skill level of the appraiser. So, make sure you work with a licensed professional with solid experience in jewelry appraisal.

The Synergy of the 4Cs

Having the perfect balance or blend of the 4Cs creates the most valuable diamond masterpiece. Even a smaller diamond with exceptional cut and color is more valuable than a large one but dull and poorly cut.

It’s crucial to understand the 4Cs though other factors can also affect the value of a diamond:

• Fluorescence: When exposed to UV light, certain diamonds glow faintly, affecting the appearance and price.
• Certifications: An objective evaluation of a diamond is provided by grading reports from independent labs GIA or AGS, which can help justify the cost.

Diamonds graded in this manner and knowing the factors that affect the value are your initial steps in getting the best price for a diamond and jewelry.

Common Mistakes to Avoid When Selling a Diamond

Although it might be tempting to jump at an offer when a diamond buyer promises you that they can complete the purchase quickly, selling your diamond too fast may end up losing dollars more than your diamond’s real worth. 

The most common mistakes sellers make are:

1. Undervaluation: Sellers often do not realize how old, inaccurate, or incomplete information has influenced their perception of what the diamond should cost. Stop guessing based on sentiments.

Have your diamond appraised professionally by a legitimate expert like Sell Us Your Jewelry. It will ensure a fair evaluation determined by external market forces. Online tools can give you a rough idea, but nothing can beat the assessment of an expert.

2. Not scouting multiple offers: You might be missing a great opportunity for a better deal if you jump on the first offer made to you. Try to shop around and get quotes from different but reputable diamond buyers. 

3. Selling to untrustworthy buyers: The Web is a huge platform where you can find sellers and buyers of precious stones. It is also where scrupulous buyers and scammers roam around to victimize diamond sellers who have little idea of the process.

This is where your meticulous search should dominate. Learn the diamond market and research for reputable buyers with good backgrounds or credentials. If something is off right off the bat of the negotiation, it probably is.

4. Insufficient or lack of documentation: The grading report and other papers or certificates are strong documents to verify your diamonds’ quality. If you have those documents, prepare them as they are essential information in protecting your jewelry investment.

Understanding the common mistakes as a seller and avoiding them will enable you to take control of your diamond sale and secure the best return.

How to Prepare Your Diamond for Sale

You’re selling a precious piece of possession, so it’s necessary to make it presentable. They say that first impressions last, especially for diamonds. So, make that impressive presentation before seeking offers. Here are some tips to get you going:

1. Light cleaning: Diamonds attract dirt but doing a light cleaning will bring it back to it’s  brilliance. Use a midly wet soft towel to lightly wipe off any dust. Do not do a deep clean as it can damage or scratch the jewelry which would reduce the amount offer for sale. 
2. Prepare documentation: If you have any paperwork with your diamond, prepare them. That means collecting all the related paperwork (grading reports or diamond certificates). Receipts or invoices are also useful proof of ownership. They also indicate the initial worth of your diamond. 

Choosing the Right Diamond Buyer

Why do you need to look for the “right” buyer? How do you know you bumped into the “right” buyer? The truth is when you find the right buyer, it makes all the difference in your selling experience and the outcome.

Here’s why choosing Sell Us Your Jewelry as a trustworthy diamond buyer is a smart decision:

• Expertise - We are a diamond buyer with four decades in the jewelry industry, and have dealt with many clients across the US. As the dedicated online platform of Gray & Sons Jewelers, Sell Us Your Jewelry caters to all the luxury needs of our clients in different states.
• Ethical Practices - We are up to fair transactions and committed to providing trustworthy customer service. We provide our customers with unparalleled selling experience and observe the highest ethical standards in our industry.
• Competitive and Fair Offer - We will not push our brand if you don’t get the best value for your diamond. We ensure that we have studied the market and aligned our proposition with existing buying standards against the quality of your diamond.
• Transparency - Honesty is important to us. We don’t go around the bush but explain to you the simplicity and convenience of our process. We don’t do surprises or hidden costs.

Our Process for Buying Your Diamond

Are you ready to sell your diamond engagement ring you’ve been keeping all this time? Check our smooth process:

1. Get free evaluation: Fill out a form and provide the details of your diamond ring, necklace, earrings, etc. Upload photos—this helps us in our valuation better.
2. Secure shipment: Once you accept the offer, you can request an easy ship box to send in your diamond. Make you get insurance for the shipment. Or, you can visit our physical site to bring the item to us.
3. Careful analysis by our sales specialists will ensure that you will receive an honest quote.
4. Prompt payment: When both parties agree, you’ll receive your payment on your preferred method, or get cash in our store.

Sell Your Diamonds To Us

Here at Sell Us Your Jewelry, we want the satisfaction of selling your diamond to be easy, worry-free, and rewarding. We assure you that we have the means to offer you a fair and rewarding selling opportunity because our work is backed up by excellent customer service, convenience, and dedication. 

We can help you get the most money for a loose diamond, an engagement ring, a pendant, or stud earrings. Call us today to learn about the Sell Us Your Jewelry.