More and more cash strapped people today are ready to give up their “forever” sentiment and sell off their diamonds, as a fast and easy way of releasing funds. With the demand for diamonds soaring in middle class India and China, diamond prices have escalated. Companies that buy gold and other precious metals for cash, also accept diamonds. These could be rings, earrings, necklaces, or loose diamonds. After a broken relationship, people are ready to part with the sentimental value and sell engagement rings for some much needed cash. An old family heirloom or a souvenir from a past relationship- rather than letting it sit around in jewellery boxes, one can sell diamond for real, cold cash.
The offered price is based on the diamond shape, size, colour and clarity. Most companies follow the International Diamond Grading System to objectively evaluate the diamonds. GIA experts base diamond valuation on the 4C’s: Carat, Colour, Clarity and Cut. While carat is the weight of the stone, clarity depends on the number of inclusions or imperfections. The colour of a diamond can be graded from a colourless D to a light yellow Z and a beautifully cut diamond is brighter and more valuable.
Companies buying old, unwanted diamonds, invite people to visit their store or mail-in their precious stones, for assessment, valuation and grading. Free and fully insured mailing options are available to keep the package safe in transit. One can also produce any grading reports or authenticity certificates, which help in making a close evaluation. After a professional appraisal, the buyer quotes an offer price, which the customer can accept or refuse. Several online dealers, give you the advantage to mail in your diamonds, while they assess, evaluate and find a competitive deal for you, taking complete guarantee of secured payments. All of this, at a specified rate of commission.
Although, to sell engagement ring, or diamond jewellery, can be a quick, easy way of releasing funds, but unlike gold, diamonds do not have a quantifiable melt value. It is easy for an inexperienced seller to be duped. The things to consider before you sell diamond jewellery:
• Get an accurate picture of the diamonds’ quality and authenticity by a professional appraiser.
• Look for a professional, secure service.
• Have a realistic price expectation
• To understand the potential resale value, one should follow market trends
• Choose a dealer or jeweller you can trust, they should have a good ranking with the Better Business Bureau or be Gem Society Members.
• Read up online reviews, compare deals and look for a fair payout,
• You can choose alternate options, like classified advertisements, auctions or dealers who can sell it for you, at a fee.
Before you settle for a deal to sell diamond jewellery, look around for options and get a variety of quotes. Research, review and compare deals, to make a wise, profitable decision.
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