Sell Diamond Jewelry Profitably

Diamonds are a piece of jewelry that accessorizes your dress, your beauty and your personality. They can be the answer to your problems, especially if you are in need of cash. Most probably, others have become wiser and more practical in doing this. They invest on diamonds rather than any other gems and stones because diamonds are liquid.

Diamonds values do not depend on foreign exchange rates or any other external factors for its value. Whether the outside market is fluctuating, a diamonds value always remains the same. It is imperative that you get the right appraisal if you are planning to sell your diamonds. Here is a rundown of some tips to make sure that you will not regret having to let go of that precious gem.

A Rapaport Value

If you want to sell diamond jewelry for cash, the first thing you should know is the rapaport value of your diamond. A rapaport is the karats, the cut and the color of your diamond. This is important for you not to be misled with the value of the diamonds you are selling.

Virtue of Patience

Ask around. Do your own appraisal first. You should have the knowledge of the type of diamonds you have in your hand. You can check in the yellow pages for jewelers that accommodate persons who want to sell diamond jewelry. Be very patient in looking for a jeweler so that you will be able to get the exact value for your diamonds. You can always ask more than 5 jewelers to appraise your diamonds.

Be firm

Always remember do not ever sell diamond jewelry for a lesser price. There are bogus buyers out there. The last thing of which you do not want to be dealing with are men who will take full advantage of your desire that moment. Go to the shop where you are to sell your diamonds and have the appraiser's note with you. This is important to the people in the store. Give them the impression that you know what you are doing and the piece of diamond you have right there is worth something.

Consider the price

Most likely than not, the appraisal of your diamond may not be the exact price when you purchase it. This is because the retail markup of the diamonds is more or less 300%. Not unless what you have is an heirloom. If that's the case, when a buyer tries to buy your diamonds below 50% of the appraised value, bring your diamonds to another buyer. Diamonds are probably the gems that never lose its value even for such a long period of time.

Granting that what you have is not of best quality - not the right cut and the color is undesirable. You can still sell your diamonds. Try eBay or online diamond buyers. They have lower overhead cost so they can probably price your diamonds more than the local jewelers themselves.

Never in a pawnshop

For serious diamond sellers, this is an immortal sin. A pawn shop will most likely offer you 10% of what the diamond is appraised. You will surely regret this. The next time you visit the pawn shop you will see your diamonds in a display rack with a price 100% more than what you are paid for.

You can go to a local jeweler and they will probably tell you that your diamond is not of the right cut or that the color is not presentable. They will give you anything to make you think less of what your diamond is worth. If you have the information about your diamond at hand, you will never go wrong with selling your diamonds. As the song goes, diamonds are forever and so is its value.