How
to Sell A Diamond
There are many reasons why you may want to sell a
diamond that you own. Perhaps you've gotten divorced, or you are strapped for
cash. The reasons why don't really matter - getting the best possible price is
what counts! The way to obtain the best price for the diamond is to not be in a
rush. Slow down, and carefully consider all of your options - there are many.
First, have
the diamond appraised. In fact, have it appraised by two or three jewelers to
get an accurate idea of the diamonds value. Tell the appraiser that you want
the Rapaport Value. This is the wholesale value of the diamond, and it
basically tells you the highest price that you can sell your diamond for. If
your diamond has no certificate, you should consider getting a certificate from
GIA. This may help you get a better price for the diamond as well.
First, try to sell the diamond yourself, to people
you know. Friends and family members may be interested. If you don't have any
luck with friends or family members, you should turn to outside sources.
Absolutely avoid pawn shops! A pawn shop will only offer you about 10% of what
the diamond is worth! Also avoid offers of selling the ring on consignment.
There are many things that can go wrong, and there is no shortage of diamond
scams - even in well known jewelry stores.
If the diamond is important, you
should strongly consider auctioning it off through one of the famous auction houses, such as Christie's
or Sotheby's. If it isn't what is considered an `important' diamond or a
high-end diamond, you should try to sell it to an individual using classified
ads, or even eBay. However, selling to an individual that you do not know could
put you in danger - especially if the diamond is worth a lot of money.
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