Loose Diamonds Collecting Dust? Sell Them!

by | Mar 1, 2013 | Jewelry

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Do you have a diamond that is collecting dust in your home? Have you decided that your best course of action is to sell it? In order to sell loose diamonds, you need to find trustworthy professionals to work with and that is not always straightforward. Because of this many people give up on selling their diamonds and that extra potential cash remains tucked away in a closet or drawer. Extra cash is always welcome and if you do your homework and follow these steps you will be certain to get the most money out of your diamond.

Your first order of business is to find a dealer who is reputable. Generally you can find many diamonds buyers by doing a quick search online. You can also ask around and get suggestions from trusted family and friends who have utilized diamonds buyers in the past. It is advisable that you check with several buyers who can provide offers before selecting the one who will give you the best deal. When you check for diamond buyers on the internet be sure that you look for reviews from individuals who have worked with the institutions. This is a good way to avoid interactions with less than reputable dealers and to ensure that your transaction, when it does occur, is a fair and honest one.

To sell your loose diamonds, you should first ensure that the company or individual seller that you work with has good qualifications. This includes staffing with gemologists possessing GIA certification for appraisal of your diamonds. The gemologists should check the cut, clarity, color and caret of your diamonds. They should also know all of the ins and outs of the diamond market and be able to accurately answer any questions you may have about the market and your particular diamond.

One way to ensure that your gemologist is certified is by checking the website of the organization you are working with. Most reputable dealers will post the logo for the American Gem Society somewhere on their website…or in their store if you visit in person. Your gemologist should be able to show proof of American Gem Society membership. This membership ensures that the individual possesses the knowledge necessary to make an accurate inspection of and appraisal of your loose diamonds. American Gem Society members have to pass a 20-stone testing exam without making any errors, pass a diamond grading exam, pass a large number of written exams, and be able to accurately identify colored stones as well as effectively grade and appraise diamonds. Do not do business with an individual who is not certified by the American Gem Society!

If you happen to be purchasing a diamond instead of selling loose diamonds, you should ensure that your diamond has a certificate from a reputable organization. You do not want to risk purchasing a diamond based solely on the word of a salesperson that the diamond is of superior quality. Keep in mind that this works well when you go to sell loose diamonds as well. If you possess a certificate for your diamond or diamonds it can ensure a good sale and possibly get you a better price.

Regale Jewelry buy and sell loose diamonds, and always make sure that our clients get the best prices. So if you are looking to sell diamonds to someone local in Austin, give us a call today.

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