It is often said that diamonds are a woman’s best friend. Even if that is not entirely true, diamond jewelry is one of the most important things that people own these days. Diamond rings, diamond necklaces, diamond earrings, etc. are given as gifts to our loved ones. People buy diamond rings not only as a symbol of love but also as a future investment. That is why when times are tough, some couples decide to sell their diamond rings for a good price.
Gemstones lose half their worth the moment they leave the jewelry store, it’s a common fact. Therefore, don’t anticipate anything more than half-price for whatever price you believe you’ll get. If it’s more than half-price, it’s a good deal. Here are a few suggestions on how to sell a diamond ring in the best possible way.
Be Sure Of Why You Are Selling The Diamond
The amount you’re prepared to take is determined by your motives for selling, so be sure before you go. A pawn business will suffice in such instances. Continue walking, however, if you want to get the best bang for your dollars.
Make Sure You Have The Certification
If your diamond ring does not have a diamond certificate, many retailers will not even bother to check at it. The GIA certification or certificate from any reputed gemological lab verify your engagement ring’s genuineness and value. They do, however, demonstrate ownership. It’s evidence that you didn’t steal it. Since GIA certified diamonds are in high demand, you may be able to get a decent price if you have one.
Check The Selling Shop
You could contact the store where the ring was purchased to ask if it could be returned. You’ll be dissatisfied because, even if they’re interested, they’ll charge a ridiculously low price. If you want to improve your ring, its original selling spit can be the greatest option. They might be willing to offer you a nicer ring for a lower price if you take theirs.
Avoid Middle Men
A jewelry store has no incentive to buy a second-hand item. If they accept it, they’ll probably send it to a New York-based gemstone trader for a more acceptable appraisal. They’ll next make you an offer of 30% to 40% of the ring’s listed value. Since the assessment does not include the shop markup, it will be lower than predicted. So go ahead and sell your diamond to a respectable New York dealer at market prices.