So you finally emptied out your jewelry box and found that one old bracelet or ring you bought in the early ‘90s and haven’t worn since. Or maybe you inherited an old piece of jewelry from your great aunt Mabel and you just can’t see yourself ever wearing it. In any case, you want to sell unwanted diamonds, and understandably, you want to get as much money as possible for them. You need a diamond valuation. Not an insurance appraisal, an actual valuation from an independent diamond expert.
It might not sound important, but it’s the only way to get an accurate idea of how much your diamond is worth. You wouldn’t sell a car without finding out how much it’s worth, what its flaws are and how much similar cars typically sell for. Why wouldn’t you do the same for something that could be worth thousands more? Before you sell your diamond, you need to know exactly what its specifications are, and what its current market price is.
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Just like selling a car, the buyer is trying to pay you as little as they possibly can. They’re going to kick the tires, and tell you why you shouldn’t expect much for it. They’ll point out flaws that may or may not actually be there. The truth is they don’t have the tools or expertise to find those flaws. You need to take your diamond jewelry to and independent diamond specialist. Someone who has no interest in buying it from you. Someone who’s respected in the diamond industry. They can be a little hard to find. That’s why it’s important to do your homework and read up on anyone you’re about to send your precious gems to. It might sound like a lot of work, but it’s really simple. Besides, if you know what you’re talking about before you sell your diamond jewelry, buyers are less likely to try and rip you off.
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Getting your diamond valuated also helps you decide on a realistic price. Knowing the value of your jewelry gives you bargaining power when you actually do sell your diamond. You’ll have an idea of how much the buyer would be able to sell it for and how much they’d pay if they bought it new. Your jewelry might even turn out to be worth more than you think. Sure, you could skip the valuation process and you might still get a price you’re mostly happy with, but why leave money on the table when it could be in your pocket? In the end, you’re the one with the power to get the best price for your jewelry. Why not use every tool available to you?
You might also consider having your jewelry appraised by the Gemological Institute of America. They won’t give you a monetary value, but they will tell you everything else. You’ll know all about your diamond’s cut, clarity, color, carat weight and shape: everything that goes into determining the value of a diamond. Having the certificate also tends to get you better offers from buyers. Casting vague aspersions on the quality of your diamond suddenly gets a lot harder when you have the specifics right there on paper.
When it comes to selling your diamond jewelry, getting it valuated could be the difference between $1,500 and $15,000. That’s why it’s important that whoever does your valuation has the tools and expertise in the diamond industry necessary to give you an accurate value. It’s more important that they are completely unbiased and have nothing to gain by giving you an inaccurate appraisal. Insurance valuators are likely to overvalue your jewelry so they can ask for a larger premium. Their appraisal will never reflect the retail price of your jewelry, let alone what you’ll be able to get for it. Likewise, any valuator connected to the buyer is likely to undervalue it and offer you a lower price. The bottom line is that you need an authentic evaluation before you sell your diamond online or offline.
So who can you trust? The easiest way to get a proper valuation of your jewelry, including an exact price, is to have your diamond valuated through Diamond Lighthouse.
We don’t buy diamonds, we help you sell your unwanted diamond jewelry online. Our gemologists have the tools and expertise needed to guarantee a proper and accurate valuation, along with over 30 years of experience in the diamond industry. The best part? It’s completely free. Jewelers charge money for appraisals and they can’t always guarantee accuracy. We provide valuations as a courtesy because we want you know everything you can when you sell your diamond. That’s because we want to make sure you get the most money for your old jewelry, and an educated seller doesn’t get ripped off. If you do decide to sell through us, we’ll present your jewelry to our closed network of elite diamond dealers and jewelers to get you the best offer. The kind of price regular jewelers wouldn’t offer. That’s a deal nobody else can give you. No matter what they say.
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