4 Tips for Selling a Diamond Ring
Diamonds are a girl’s best friend, at least that’s what we have heard. In truth, diamonds are complex gemstones with multiple factors contributing to their value, not to mention extremely sought after. If you’re looking to sell your fine diamond jewelry, you may not know where to start. Unravel the mysteries and ensure you get the best offer for your jewelry by following these four tips.
Have Reasonable Expectations
It’s important to know that the resale or market value of your diamond ring is lower than its replacement or retail value. Talk to us about pricing evaluations to help set those expectations early. As a result, you can expect to be offered an amount below the ring’s original cost. Remember, a buyer will only be interested in your ring if it’s priced fairly for a pre-worn piece of jewelry. Otherwise, they’ll buy something new.
Understand What Affects a Diamond’s Value
The four Cs are a recognized metric for measuring diamond quality and value.
- Cut is considered the most important characteristic. A well-cut diamond appears larger, clearer, and more sparkly, thus increasing its value.
- Color refers to the gem’s natural body color. The less color, the higher the rarity, and therefore the higher the value.
- Clarity refers to how clean or clear the diamond appears based on the presence of internal blemishes or inclusions. The fewer the inclusions, the more beautiful and valuable the diamond.
- Carat is the diamond’s physical weight. The heavier the diamond, the larger the stone, and the higher its value.
Other factors that affect your diamond’s value include its age and history, overall condition, and the current diamond market.
Get Your Fine Jewelry Appraised
The next step in selling your fine diamond jewelry is to get the piece appraised. A thorough evaluation and appraisal should specify the characteristics and condition of your diamond, including how it fairs in all four C categories. This gives you an unbiased look at the positives and negatives that could affect your ring’s resale value.
Investigate Your Jewelry-Selling Options
You can look for an individual buyer, or you can reach out to a company who specializes in fine jewelry. The hardest part about selling to an individual is the constant haggling and arguing over price and the overall unreliability.
Buy and Sell Consignment Jewelry at DazzleMe.com
DazzleMe.com buys high-quality diamond rings and sells them at consignment prices. Our experienced in-store jewelers, who examine and price every piece we sell, are experts at striking the perfect balance between fair prices for our customers and generous profits for our consignees.
To inquire about selling your fine jewelry with us, feel free to get in touch. We also invite you to browse our shop for one-of-a-kind vintage and contemporary jewelry, from timeless pieces of the 20th century to this season’s hottest trends.
