Know Where Your Diamond’s Value Comes From

When you’re ready to sell a diamond, its value will be determined by many contributing factors. A diamond buyer will consider its unique characteristics, including the 4C’s (carat, cut, “clarity “ color) as well asla fluorescencia, symmetry, and much more (to see a full list of diamond characteristics and how they affect value, see our complete guide here.)

A diamond’s value is also determined by current supply and demand for these specific attributes, such as its shape or its color, which can fluctuate over time and vary by geographic region.

Consider a Diamond Grading Report

To better understand the characteristics a diamond buyer looks for in your diamond, obtaining aCertificado de Clasificación de Diamantesfrom a reputable lab, such as the Gemological Institute of America (GIA), can be a helpful first step . Although the report will not indicate how much you can sell a diamond for, it will provide all the important information a diamond buyer would need in order to determine a diamond’s value.

However, Diamond Grading Reports are not necessary to sell your diamond. Highly trained and experienced diamond buyers will be able to determine a diamond’s unique attributes upon a physical examination.

If you have an appraisal, it may offer an initial assessment of a diamond’s characteristics, but these descriptions are subjective to the appraiser’s opinion, and it’s possible they may not represent the actual attributes of your diamond – which a Diamond Grading Report otherwise would. It’s important to note that a diamond’s appraisal value is not the same as a diamond’s resale value.Appraisals are most often used for insurance purposes, are highly inflated, and indicate an item’s retail replacement cost in the event it is lost or stolen. Only an experienced and highly skilled diamond specialist will be able to determine the value of your diamond, upon physical inspection.

Research Best Options for How to Sell a Diamond Ring

Now that you have a better understanding of what diamond buyers look for when evaluating your diamond, knowing how to sell your engagement ring and diamond jewelry for the best value is the next step.

Research the best options to make sure you work only with a reputable and qualified diamond buyer. Look for companies with A+ Better Business Bureau (BBB) accreditations, or who work with trusted affiliates. Make sure you understand the terms of the sale beforehand, and that there is no fine print and no hidden fees. Selling your diamond through an auction house may sound appealing, until you factor in all the fees associated with the listing and the sale . Does the company offer immediate payment, or only a consignment option? Knowing this is important when selling your diamond jewelry, otherwise you could find yourself waiting months or even years to receive payment.

Is the diamond buyer local or international? Access to a global sales network will dramatically increase the value you receive for your diamond; stores which depend on local markets will minimize your sales opportunity, whereas diamond buyers with an international sales reach will locate the right customer who has a specific need for your diamond, and will pay a fine price to have it.

If you are interested in selling your diamonds online, safety and security is important. Do they offer a safe and secure mail-in service? Look for a company who guarantees your diamond jewelry will be insured every step of the way , and that there are no obligations to sell your diamond once the package has left your possession.

Sell Your Diamond Ring To Professionals Who Will Maximize its Value