Thursday, May 17, 2012

Tips on Selling Loose Diamonds

Some Sparkling Ideas to sell Diamonds

Selling loose diamonds is a profitable but tricky aspect and must be ventured upon only when you have some basic knowledge about the precious gems. Unlike other types of investments, diamonds lack a fungible value although they stand up in the liquidity segment. Before you try to put up your diamonds for sale, make some effort to know about their true market value.

To start with, get an appraisal done for your diamonds on sale. A gemologist lab or a qualified appraiser can help you to determine the current market value of your precious stones. You will be provided with an appraisal report which has an evaluation based on the 4 C's of your diamonds which are clarity, cut, carat and color.

To get a judicious appraisal for your diamonds, you can contact the American Society of Appraisers who will help you to find a qualified appraiser. The GIA, AGS and HRD are gemology laboratories which certify diamonds. They do certify your diamonds but do not place any market value on them. Yet certification is a critical tool to establish the value of your diamonds. Armed with a diamond certificate, you can explore the jewelry market to know what kind of a deal your diamonds can crack!

The next step is to make a draft which has the description of your diamonds put up on sale. Create an advertisement backed with helpful photos providing all the information about the diamonds being sold. You can put up this advertisement in your local newspaper or on your personal website online. But till then do safe keep your precious diamonds in a banker locker or some other secure place. For your own security always try to meet the interested parties in public places whenever you have to show your diamonds.

You can even prefer to hold online auction of your diamonds put up for sale. There are many places to hold internet auctions like eBay, Etsy, Main Street Fair and Ubid and all are good as long as there are no hidden fees charged for the services that they provide.

If you are averse to selling your diamonds directly, then you can sell them to a jeweler. You can make a start by showing your certified diamonds to the local jewelers. The jeweler or any other dealer known to him may be interested in purchasing your loose diamonds. High end jewelers are also good choices to whom you can show your diamonds put up for sale. Make it a point to provide all information that you have about your diamonds. If they are interested you can schedule an appointment with them for diamond viewing. If you own more and more diamonds and wish to sell them quite frequently, the best alternative would be to become a professional diamond dealer yourself. A diamond dealer acts as a broker between the seller and the buyer in diamond transactions.

10 comments:

  1. I really needed this tips because I am also opting to go cash for diamonds and gold , since I have a few of it that is rarely used. I am actually thinking of putting it in auction so now I am looking for ways to get it auctioned. But then,thank you for sharing good ideas. I enjoyed reading your post.

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  4. Reading your posts, I've realized that these tips are really helpful newbie in diamonds industry like me. I appreciate the fact that you've shared this to your readers.
    Loose Diamonds UK
    visit http://www.diamondsare.co.uk/

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  5. Thanks for the tips, I have been considering selling a necklace that I have. I am trying to sell diamonds in Toronto, would you recommend I get the value of the diamonds and post with auction descriptions?

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  6. Or you are desperately strapped for cash and selling that diamond jewelry you so truly love is the only way out. But whatever the reason may be, the only thing that matters now is how to get the best price for your diamond.

    Sell my diamonds

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  7. Hey there! Do you happen to have any recommendations on where I can sell diamonds in Toronto? Please let me know, thanks.

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  8. If you want to buy jewelry online, flexible shipping options and hassle-free returns are crucial. Jewelry websites should provide insured shipping options, including Saturday and next-day delivery. For added protection, many jewelers require a signature upon delivery. In regards to returns, most jewelers have a minimum 30-day return policy and allow exchanges on gift items.
    Wedding Bands for Sale

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  9. Check out Ameek Brar for information on fancy colored diamonds. We have written about how they are formed and has interesting pictures. Fancy colored diamonds are a fast growing niche market and cash for diamonds companies should focus on them too.

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  10. I am really so gland to visit on your blog, i have found the sparkling Ideas to sell diamonds. I am a New York based wholesale diamond supplier. Please let me know for more information!

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