Buying and Selling Gold and Silver
November 4, 2020What You Should Know About Resizing Jewelry
January 26, 2021When you’re looking to sell diamonds, there are a few important things to take into account before completing the deal. It is essential that you know the true value of your diamonds, a realistic asking price and the best places to sell them in your area. This blog post will help you gain a better sense of the diamond selling process and what to expect along the way.
How Do I Know What A Diamond Is Worth?
The number one question that people typically have about their diamonds is how much they’re worth. There are several ways to get a good idea of their worth, but if you’re looking to determine this on your own, we suggest finding a diamond of similar color, clarity and cut that has already been graded. The price of that piece will typically be similar to your diamond.
If you would like to have the true value of your diamond, we suggest going to a credentialed appraiser that will be able to determine an accurate grade for your piece.
How Much Can I Sell A Diamond For?
Now that you know the price of your diamond, you will next want to know how much it can be sold for. Unfortunately, in many cases, you will not be able to sell your diamond for the same price that you paid for it or even what its value is currently. In many cases, a diamond ring or other diamond jewelry will have a resale value of 20 to 60% of what it cost when it was new. It all essentially boils down to where you bought it and where you are currently trying to sell it. Typically, there is a high markup when you purchase diamond jewelry, so expectations should be realistic when looking to sell.
Where Should I Sell Diamonds?
There are many places that you can go to sell you diamonds and diamond jewelry, but we suggest you think of us at Sol’s Jewelry & Loan if you’re looking to sell in the Omaha, NE area. We will buy or trade diamond jewelry, offer collateral loans for your diamond jewelry and we even handle jewelry repairs services for your convenience. It will be a privilege to help you when you are looking to sell your diamond jewelry and we’ll be happy to answer any questions you may have; call us today!
