If selling your diamond ring gives you the heebie-jeebies, then you have come to the right place. We have come up with a 7-step process to help you sell your diamond ring fast and for top dollar.
Step #1: It’s High Time you Get to Know How Diamonds are Priced/Valued
First things first, you need to understand how these precious gems are valued. Remember jewelers, expert buyers, and dealers in diamonds are going to throw somewhat esoteric letters and numbers at you. But, don’t sweat it. For starters, you need to learn their lingo, especially the 4C’s (clarity, color, carat, and cut). The 4Cs will come quite handy when it comes to getting your diamond ring appraised.
Step #2: It’s Time to get it sparkling Clean
No one wants to buy a rusty & dusty diamond ring. Remember diamonds should and are meant to shine. What’s more, it will prove hard to gauge the quality of your diamond ring when it’s riddled with dirt, grime, and natural oils. This step doesn’t have to cost you a lot of cash. Baking soda, ammonia solution, commercial diamond ring cleaning solution or an ultrasonic cleaner can get the job done.
Step #3: Get the Ring Evaluated by a Certified Pro
To get an accurate appraisal, you need to work with a certified, honest, and reputable value certificate provider — perhaps someone who’s BBB accredited with A+ standing. The GIA diamond grading site is probably the best place to start when looking to begin the evaluation process. Getting your ring valued before you sell diamonds is a great way to get value for your investment. Make sure that the appraisal includes all the relevant info – cut, carat weight, clarity, etc.
Step #4: Compare and Contrast Prices Online
With an appraisal statement handy, it’s time to compare offers. Due your due diligence and get a good feel for what to expect when you sell the diamonds ring. As a heads up, there are many person to person diamond selling sites online that broker a deal between you and their long list of real buyers. Therefore, they can offer you much more than your standard cash for diamond shop which needs to hold it and wait for a buyer.
Step #5: Set the Right Price
Getting exactly what you want for your diamond ring just right is not going to be a walk in the park. It is crucial that you be honest and realistic with yourself when setting the price.
Step #6: Get to Know your Selling Options
There are lots of ways to sell your diamond ring, including private buyers, jewelry stores, expert gem dealers, online selling sites, and auctions. That’s why it paramount to do a little homework and take a look at the pros and cons of each option.
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