Whether you wish to replace your diamond jewellery with a new one or simply minimise the clutter in your wardrobe, you’ve probably made up your mind to sell your diamond jewellery. Regardless of why you want to sell or buy diamond jewellery, we recommend you read on before making a move.
What is the actual value of a diamond?
Several criteria influence the value of a diamond. The most significant is the stone’s colour, cut, clarity, and carat: the 4 Cs of a diamond.
The 4C’s are well-known parameters for determining the quality and worth of a diamond. The sample diamond grading table can help you determine the worth of your diamond.
- Colour: The hue of diamonds ranges from entirely colourless (the rarest of diamonds) to yellow (also known as “canary diamonds”) and brown (“cognac diamonds”). The most valuable diamonds are colourless diamonds. However, the rare, “fancy” diamonds that are naturally blue, red, or pink are graded differently.
- Clarity: Internal faults known as inclusions or exterior traits known as blemishes are common in diamonds. Diamonds with no flaws or imperfections are incredibly unusual. Nonetheless, it may only be noticed under magnification.
- Carat: The carat indicates the weight of the diamond measured in metric carats. One carat is one-fifth of a gram and is split into 100 points. It’s one of the most important objectives of the four Cs.
- Cut: The cut of a diamond is how the craftsman cuts the diamond. It depends on the expertise and accuracy with which the cutter worked—the more accurate the cut, the more appealing the diamond. However, the term cut also refers to the shape of the diamond, for example, pear, emerald, oval, princess cut etc. Some cuts are more popular and precious than others.
Is there a right time to sell or buy diamond jewellery?
Well, yes! While diamonds have typically kept their value, prices per carat fall sometimes. So, when the diamond price goes down, you can buy diamond jewellery and sell it later when the price increases.
On the other hand, the market trend also affects the resale price. So keep an eye on the market trend before selling or buying diamond jewellery.
Where can you get the best price for diamond jewellery?
Earlier, people who wanted to sell or buy diamond jewellery used to go to a local, reputable jeweller, get a few bids around town, and then choose the best offer. While selling your precious diamond at a pawn shop may provide immediate cash, it often pays less. You may still do that, but today there are easier methods that help receive a genuine appraisal. So, searching online for a reliable diamond buyer is the best way to get a fair price for a diamond. Go to reputed online diamond and jewellery buyers to get an instant estimate.
How to Obtain a Diamond Appraisal?
The 4 C’s and the age, market trend and resale value of the jewellery are used for an appraisal. Some jewellers perform it for free, but you may be charged a set cost, an hourly rate, or a percentage of the appraised value.
To get an appraisal:
- Select a reputed buyer online
- Visit their website
- Fill up the appraisal form.
- Attach a photo of your diamond
- You will get the diamond appraisal report within 24 hours
Note:
“Appraising” is not the same as “resale price”. The actual price is what you pay while buying diamond jewellery. The appraisal value is the value offered by buyers based on 4C’s, market trend etc. While the resale value is the final price offered by the buyer, post negotiation.
Conclusion:
Selling diamonds online to a reputed buyer can help you the best price. The process is simple- fill an online form to get an appraisal; if satisfied, ship the diamond to their office to get a final quote. The payment is initiated immediately. Remember- You can always negotiate to get a fair deal. So get a free appraisal today and sell your diamond online.
