Mistakes To Avoid When You Sell a Diamond Ring

sell diamond ring
sell diamond ring

When you buy or sell diamonds or diamond jewelry, it is only natural to look for the most trouble-free experience. For many, the search for the perfect deal is often rife with difficulties as many diamond buyers offer a lot of incomprehensible jargon-filled information or none at all. Before you sell your diamond, it is important to understand how a buyer evaluates them. This knowledge will help you to sell your diamonds and diamond jewelry safely and for better prices. Here are some of the common mistakes that people make when selling diamonds and how these may be avoided:

  1. 1.       Be Wary of Online Valuation –While testing gold, silver or platinum for purity and value is relatively easier, the value of a diamond cannot be determined by an online marketplace or auction. Most of these online companies do not carefully inspect your diamond in person before making you an offer. Choose a diamond buyer who will inspect your diamond in person before quoting a price.
  2. 2.       Expert Credentials – The lack of transparency and low awareness levels have led several diamond buyers and merchants to make the claim of having ‘certified diamond experts’ or ‘certified jewelry experts’ who will examine your diamonds. Before you place your diamond in the hands of such an ‘expert’ it is vital to make sure that the person is a certified Gemologist from the Gemological Institute of America.
  3. 3.       Cut or Color – More often than not, it is the cut of a diamond that determines its value. Even if a diamond is a D or E grade and has a poor cut, its value depreciates significantly. Similarly, even if your diamond is a colored diamond but with a superior cut, it could fetch a much higher price. An experienced diamond buyer such as Estate Large Diamond Buyers will be able to correctly value the cut and color of your diamond even if it is set in jewelry.
  4. 4.       Fabulous Offers – There are several merchants who may claim to offer far higher rates than any other merchant irrespective of the color, cut, weight and clarity of your diamond. This is only possible by reducing their profit margins or by incorrectly grading the stone. In some cases, a trader may try to persuade you to sell a diamond ring by stating that they offer the highest price in the market. This is a signal for you to seek a second opinion as the trader may be attempting to secure a D (highest quality) diamond by telling you that your diamond is of a lower quality.
  5. 5.       Fake Certificates – In some cases, a diamond buyer may offer to ‘certify’ your uncertified diamond. Ensure that your diamond is certified by a GIA authorized certification lab before you sell it. If your buyer offers to certify the diamond, be sure that it will be GIA certified.

Estate Large Diamond Buyers are a Better Business Bureau (BBB) A+ certified diamond firm with over two decades in the purchase and sale of large diamonds. With nationwide coverage, this Los Angeles-based firm offers services across the country with focus on the Western and Midwestern United States. At Estate Large Diamond Buyers, you can confidently sell diamond jewelry for their true value without having to worry about the pitfalls of unscrupulous traders and dubious trade practices.

How to Sell a Diamond Ring at the Best Price? Contact Call Estate Large Diamond Buyers at (888) 513-3303 Now to Get The Best Deal!