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Most advertising campaigns by De Beers feature their famous slogan "A Diamond is Forever." Consequently, women seldom sell a diamond and often feel uncomfortable buying diamonds previously owned by other women. There is a sentimental aspect to diamonds that is very different from other tangible assets like boats, houses or automobiles. However, there are occasions when consumers need to sell their diamonds and, unlike the used car market, there is not a well-developed method for consumers to sell their diamonds.
As a consumer, you face some unique challenges when trying to get the best price for your diamond in a safe and comfortable manner. Your starting point is to know exactly what you are selling. This is much easier if the diamond has a grading report from a major laboratory like the GIA or AGS. You have more of a challenge if there is no formal grading report. In this case, you need to find an independent appraiser who can evaluate the diamond and determine its quality and potential value.
Once you know your diamond's specifications, you can find the current retail asking price by checking with online retailers to see what similar diamonds are selling for in today's retail market. It is unlikely you will be able to get the going retail price for your diamond. Selling your diamond at 80% to 90% of that amount would make it sell quicker. Be realistic about your expectations. The lowest cost online retailers, not the expensive jewelry stores with double the price, set the value of your diamond.
You now know your target price and simply have to figure out how to find the right buyer for your diamond. There are several options available to sell your diamond and you need to determine which is best for maximizing your money and safety while minimizing your time and effort.
Your first thought might be to go to the closest jewelry store or pawnshop and sell them the diamond. The key to remember here is that they do not need your diamond. They can get all armani sunglasses for women the diamonds they want on the wholesale market. The only reason they will buy your diamond is if the price is a fraction of the wholesale price. They designer sunglasses for men hope you need the money bad enough to take 25%-50% of what you could be getting for your diamond elsewhere. They might offer you a little more if you "trade up" to something in their display case. However, this often results in you paying more for the new diamond and receiving less for your diamond than if you sold it elsewhere.
Several online brokers specialize in buying diamonds and estate jewelry from consumers. They typically have you ship the diamond to them so they can determine cheap nike sunglasses the amount they will pay you. All too often, this amount is much less than their preliminary estimate so you must either pay the return shipping, or accept their price. If your main priority is getting money fast, this is a valid option. If your main priority is getting top dollar for your diamond, there are better selling methods available to you.