subject: Some Helpful Tips On How to Sell Your Fine Jewelry and Diamonds [print this page] What Is It Worth? What Is It Worth?
After you decide to sell your diamond, the first question is: What is it worth? Quite simply, your jewelry is worth what someone else is willing to pay for it. But there is a difference between appraised value and market value. Most appraisals are not a valid indicator of the worth of your jewelry or diamonds. You may only get between 10% and 20% of the appraised value. An appraisal can be issued for different reasons. Sometimes, a high appraisal is used as a marketing device by a retailer who wants his customer to believe he got a great deal. Insurance companies also do not mind inflated appraisals, because the premiums customers pay are based on the submitted value. If you want an accurate assessment of your diamond or jewelry's value, have it appraised by an independent appraiser who has no interest in it. When it comes to diamonds, often appraisals are not accurate as to the color and clarity. There are no industry guidelines, standards or government policies as to the precision required for describing jewelry or its value.
Diamond Grading Certificates
If your diamond came with a certificate from the GIA, the Gemological Institute of America, you will be able to get a valid offer over the phone or emailed to you. There are other diamond grading labs, but GIA is always the most accurate. If you are selling a diamond that is perhaps worth more than $5000 and you have two weeks time, you might consider having your diamond certified by the GIA.
You might first talk to your friends or relatives, and see if anyone is interested in buying your jewelry. However, it is not likely you will find a diamond buyer this way, and you may create tension in your friendship by disputing the jewelry's value.
Online Diamond and Fine Jewelry Buyers
If you look on the Internet, you will find a number of companies offering to buy your gold, fine jewelry, quality watches, and diamonds online. You can contact these companies by telephone or email. They can provide you with an unsure offer based on the information you provide. Once the company receives and evaluates your jewelry you are contacted with a firm offer. WARNING! Some of these firms will offer you an unrealistic high price to get you to send them your jewelry and they contact you with a much lower price.
Questions to ask for diamond and jewelry buyers
How long have you been in business?
Do you have a showroom or office that i can bring my items to?
Are you Better Business complaint free?
Your Best Option
There are advantages to selling your diamond fast - cash in your pocket right away and removing emotional attachments quickly. But how do you ensure privacy, no scam artists, and no security risks? Your best option may be a reputable diamond and jewelry buyers with an established place of business, such as Los Angeles Diamond Buyer. When you deal with them, you may rest assured that you are dealing with a professional diamond and jewelry buyer. This provides you with the ultimate security. When choosing a diamond purchaser, you may want to find out if you can walk in with your jewelry and not worrying about sending it by mail. Obviously, it is more secure if you do not have to use a delivery service.
You may also wish to inquire how long the business has been operating and check with the Better Business Bureau to make sure they are no complaints against the business. At Los Angeles Diamond Buyer, we buy and sell loose diamonds, platinum and gold engagement rings, platinum and diamond earrings. We have been in business for over thirty years complaint-free with the Better Business Bureau. When you sell your diamond in person to a reputable dealer, you don't risk loss, theft, identity theft or a below market value offers.
Some Helpful Tips On How to Sell Your Fine Jewelry and Diamonds
