What to look for when selling a diamond?

When you sell a diamond to an informed buyer, such as a jewelry store, they’ll look at the GIA or AGS (or, in some cases, other lab) certificate that came with the diamond. This certificate is an independent lab evaluation of the diamond’s quality.

Do you have to remove diamond from setting?

Many consumers send the diamond through a retailer for packaging, shipping and insuring the item. A jeweler will have to remove your diamond from its setting, since GIA Diamond Grading Reports are only issued for unmounted stones.

Do you have to pay for a colorless diamond?

The goal with diamond color is to choose a diamond that appears white. But you don’t need to pay for a D or E diamond to get a colorless stone. In general, diamonds in the G to I range appear white but cost far less.

Do you need a GIA certificate to sell a diamond?

When doing business with these jewelers, you have to go prepared with knowledge of your diamond’s appraisal value and preferably, a GIA certificate. You see, these jewelers are businessmen and just like you, they want to get the most out of their deals. Very often, they will only offer to buy your jewelry at a value below dump price.

Is it hard to sell a diamond on your own?

Selling diamonds on your own is usually harder than collaborating with a jeweler because of trust issues. Think about it, would you buy from a stranger from an online listing you found or would you be more open to buying from a store?

What do you need to sell a diamond ring?

The entire process pretty simple if you are looking to sell your diamond ring. First, you need to fill up a form and include information about the specification of the jewelry you are selling and you get an estimated valuation of the piece.

What’s the best price to sell a diamond for?

Now, dump price is roughly 40% of any diamond’s Rapaport value. In my opinion, this is the value you should never go below when trying to sell to a jeweler. In my personal experience, most jewelers tend to start at low prices and slowly move higher as negotiation takes place.