Given the lavish nature of diamonds both as a mineral and jewelry, selling diamonds is a chancy venture. When selling one's diamonds, therefore, much care and deterrents have to be taken into account to help one avoid the loss of money or the jewelry.
The first safety measure is to understand what one has regarding the quantity and quality. Normally, diamonds are valued using a well-described grading system, although, at times, the diamond grading standards may vary. Any diamond one offers to sell to a buyer goes through the existing grading system and it is one's best interest to understand what the grades entail.
If one has a lab grading report that came along with the diamonds, determining the grades of their diamonds will be easier. However, because diamond grading standards vary, one should expect changes, especially because retail sellers are always using inflated grading and value assessments. Various procedures and reviews can give a prospective seller the best advice they need before they sell their hard-earned diamonds.
Finding a diamond buyer
There are numerous diamond buyers in both online and offline stores. However, picking the buyer with the best deal is usually challenging at times, especially if it is the first time one is doing so. It is, more often than not, vouched for that one finds a buyer who has solidly invested in their business to the extent that one can recognize them as a major purchaser of diamonds. Examples of renowned buyers include Best Diamond Buyers, WPdiamonds, and The Diamond Valet.
After pinpointing a buyer, the process becomes quite simple. The diamond buyer offers one the best sight unseen offer or estimate for the Diamond. One needs to be precise as possible and in this, a GIS appraisal is best at hand to aid accuracy. After this, one sends the diamonds to the diamond buyer and the shipment is insured. The next step is then, is the evaluation of the diamond and the final offer provided.
If the price is agreed upon, a check is cut while if the price is not agreed upon, the diamond is sent back while fully insured. The price usually depends on the value of the diamond that one offers.
Prices and value
To avoid exploitation, a prospective diamond seller should know the available prices and value of diamonds. Usually, diamond prices fluctuate depending on major weight categories and, therefore, to get the best value out of them, one should look for rare weight stones.
Also, increases in clarity and color affect diamond prices more than their improved cuts, regardless of their impact on beauty. For all diamonds, there exist various rules. For example, diamonds are all priced per carat. Prices per carat upsurge as one jumps higher weight sets, increasing exponentially with weight.