How to sell your diamond ring

Most advertising campaigns by De Beers that characterize their famous slogan 'A Diamond is Forever.' Consequently, women seldom sell a diamond and often feel before buying diamonds uncomfortable owned by other women.
There is a sentimental aspect to diamonds is very different from other funds tangibles such as boats, houses or cars. However, there are times when consumers need to sell their diamonds and, unlike the car market,
there is no 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. Your starting point is to know exactly what you sell. It 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 report of the sorting ceremony. In this case, you need to find an independent expert who can evaluate the diamond and determine its quality and potential value.

Once you know the characteristics of your diamond, you can find the current retail price charged by contacting online retailers to see what similar diamonds are selling for in the retail market today. It is unlikely you will be able to receive the retail price at the start for your diamond. Sell ??your diamond at 80% to 90% of this amount would sell faster. Be realistic about your expectations. The lowest cost online retailers, not the expensive jewelry stores double the price, put the value of your diamond.

Now you know your target price and simply need to solve how to find the right buyer for your diamond. There are several options available to sell your diamond and you must determine which is best for your money and maximize security while minimizing your time and effort.

Your first thought may be to go to the nearest jewelry store or pawnshop and sell their diamonds. The key to remember here is that they do not need your diamond. They can get all they want diamonds on the wholesale market. The only reason they will buy your diamond is if the price is a fraction of the wholesale price. They hope that you need the money bad enough to take 25% -50% of what you could get elsewhere for your diamond. They can give you a little more if you 'are trading up' to something in their case of exposure. However, this often results in you paying more for less and receive new diamond for your diamond if you had sold elsewhere.

Several online brokers specialize in buying diamonds and jewelry owned by consumers. They typically ship you the diamond to them so they can determine how much they pay you. All too often, this amount is much less than their initial assessment so you either pay the return shipping, or accept their awards. If your main priority gets the fast money is a valid option. If your main priority receives a high price for your diamond, there are better methods of sale available to you.

The auctions like eBay are popular for selling jewelry but there are so many low quality jewelry listed, it's hard for potential buyers to find your diamond quality. You compete with retailers of jewelery which sells the entire affair on eBay so they are experts at writing descriptions (often with exaggerated quality), taking pictures and carrying their impressive items. Even if a bidder find your article, the chances of getting your price target are slim to zero because other retailers are advertising for items with similar descriptions for about half the amount you want. Notice I did not say they are advertising for similar quality, just like descriptions. Search for GIA diamond rings with that note of the reports and see the vast majority of diamond rings have paperwork from sources before that you have never heard of.

Other effective ways of finding a buyer is classified ads in local newspapers and bulletin boards at church or work. The challenge reached enough people to find at least one buyer will pay your price. You must be careful when doing this kind of transaction, especially if selling to an outsider. Make the transaction in a secure place and be sure you have a valid form of payment. You do not want to spend on your diamond and end with a cashiers check fake or bad personal check.

Some jewelry stores and online retailers sell your diamond on consignment. Online retailers with a local presence have an advantage in that they have large numbers of buyers of diamonds on their website more walk in traffic can see your diamond in person. They also have lower overhead and evaluate so you can get a greater share of the sales price. With jewelry stores that often increase the price of 100%, your share may be less than half of the sales price.

Just be sure to get a written description of the article you provide on the expedition and the minimum amount you will accept for your diamond. All too often the sellers are not able to retrieve their jewelery from a store or receive only a fraction of the amount they expected sales. However, if you have patience and an estimated retailer, reputable broker to lower your diamond, you have an excellent chance of receiving an excellent price for your diamond without the hassle and safety issues to sell you.