Sell Diamonds for Cash- A Convenient Way to Profit
Owning diamonds and gold has been the craze of humans since ages but when it comes to selling the jewelry for cash, many have been duped and robbed of their collection of a lifetime. Gold is more or less standardized globally and selling gold jewelry is relatively easy. The same cannot be said about diamond because there are yet no set universal standards for judging the characteristics and preciousness of this gem. There are grading and documentation that come with the original bought jewelry but unfortunately it has been seen that most of these appraisals are significantly inflated to persuade and attract customers.
Evaluation of the items
So before a person decides the means of selling, it is extremely important to get the diamond evaluated by professionals. If the jewelry is of significant value then it is advisable to get a lab report done through the credible institutions like the Gemological Institute of America (GIA) or the American Gem Society (AGSL). There are professional “qualified appraisers” too who would do an evaluation for a nominal fees. If the product is not high valued, then it is better to get opinions from a number of professional buyers like pawnshops and diamond buyers etc. and thereafter get a general informed idea of the product at hand.
Sell Diamonds for Cash
After the diamond has been evaluated and certified, the following options are available to the owner to sell the diamonds:
Option#1 Online Re-selling Websites
This requires a high-quality photo as well as description and appraisals to be uploaded on the renowned website like luxurybuyers.com among many others. The pricing needs to be competitively placed taking into account the wear and tear and price of similarly characterized items on the site. It must be kept in mind that the probable buyer would definitely want to examine the item in person before closing the deal. Hence such meetings have to be arranged at safe places and general security precautions must be taken.
Option#2 Sale Through a Jeweler
This can be either through a dealer with showroom or through the dealers’ website. Though the dealers charge less and often deliver a good deal, the biggest disadvantage is there are no fixed dates for sale. The product may end up at the shelf for years or get sold even in a matter of days.
Option#3 Sale Through Auctions
The process of selling diamonds through auctions can be a slow and time taking process. Although the auction events have fixed dates, the whole procedure of making a catalogue, running the bidding show and collection of money from the chosen bidder can add up to the process. All items cannot be auctioned as only valuable or rare items make cash from auctions.
Option#4 Sale Through Dealers
The dealers buying the seller’s valuable items can be nearby dealers, old gold-buying shops and online buyers. Sales through dealers are done without any hassle as there is no confusion of consignments and auctions. In this trading system, the sellers can sell diamonds for cash as the regular dealers pay money to the sellers immediately.
