Selling diamond jewellery or diamonds can be overwhelming if you have no idea where to start. Choosing the worth of your jewellery is also challenging. Where should you sell it and what is the best option? Aside from safeguarding your personal safety, how do you prevent yourself from falling victim to fraud? You might find the process of sell diamonds jewellery intimidating unless you are a professional diamond dealer. You can simplify the process and ensure that you get paid for your work rather than having it sit in a drawer collecting dust if you follow a few tips.
Commonly, people believe that an appraisal is the best way to determine the value of their piece. The purpose of an appraisal is primarily for insurance purposes and to reflect a high retail replacement value-unimportant for a resale. In the event that you have a report from a reputable laboratory such as GIA/AGS, this can be very helpful in determining the value of an item. Since these labs have an excellent reputation and operate independently, their specifications are reliable, helping to assure buyers that your product is exactly what you claim it to be. These lab reports are fairly expensive and can only be worth obtaining if your stone has a higher value. However, if you do not have one of these reports, it may be worth getting one. Ask more than one reputable jeweller in your area to offer advice on this, as well as what he or she believes your stone’s specifications and resale value will be.
If you decide to sell diamonds jewellery, you have two major options. Private parties can buy or sell from you, while professionals can sell to or through them. The highest dollar amount will probably be earned by selling to a private party. You run substantial risks, however, if you pursue this course of action. No matter where your piece is listed, scammers will attempt to steal your money, and it can take a long time to sell a piece this way. If you use a site such as Craigslist.org, which is free, you should be especially careful about your safety and protecting yourself from common fraud. Meet in a public, safe space, such as the lobby of a bank or a jewellery store, and accept only cash. Auction sites such as eBay offer less personal safety risk and fraud than other sites, but fees are still applied regardless of the sale of your item, and you shouldn’t list the same item in more than one location.
Choosing a reputable professional buyer will enable him or her to explain in detail why he or she is offering a specific amount and there will be ample time without pressure for you to decide whether or not to accept the offer.
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