How to Make More Money Selling Diamonds | Diamond Appraisals


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Get More Cash For Your Diamonds

Diamond appraisal expert explaining value of diamonds to a diamond seller

A diamond is a solid form of carbon with its atoms arranged in a crystalline structure called diamond cubic. Most natural diamonds are between 1 billion and 3.5 billion years old, as the majority were formed at bets between 92 miles and 155 miles within the Earth’s mantle.

The diamond collections in your home, however, probably don’t have that kind of history, but that doesn’t mean they aren’t extremely valuable. In fact, you’d likely be surprised at what an experienced diamond buyer would tell you about your family heirlooms. If you’re tight for cash at the moment or just want some extra spending money for the summer, consider selling your diamond jewelry.

Five Tips for Selling Diamonds

Here are some great tips and tricks that should help you sell diamonds and get plenty of cash back:

  1. Sell to reputable diamond buyers: If you want to sell diamonds and actually walk away with some cash, it’s recommended to contact experienced buyers. Doing your research will definitely pay off. You should never sell your diamonds and other fine jewelry on backdoor sites like Craigslist because you’ll never know who you’re actually communicating with and could easily get ripped off or taken advantage of. Instead, take your jewelry to a reputable buyer and supplier so you can get what you deserve.
  2. Acquire a grading certificate: Before you even speak with potential jewelry buyers, you should receive a grading certificate from a reputable jewelry lab. Though you might believe your diamond is incredibly valuable, the proof is often in the grading certificate.  Even the most inexperienced buyer will likely demand to see proof and authentication of the diamond’s qualities. Simply do a little research online and find a reputable gemological lab to begin the grading process.
  3. Set a realistic price: You can’t go into the deal expecting that this transaction is going to result in life-changing money. This is precisely why your grading evaluation and an experienced buyer are crucial to a good selling experience. Having unrealistic price expectations for your diamond is the easiest way to be disappointed with the sale. No matter how much you are getting in return, it’s more than nothing, right? Though it’s important to do everything you can to get as much as you can back — you shouldn’t go into an exchange expecting a fortune because that will only hurt you in the long run.
  4. Emotionally prepare to sell: Whether your diamond jewelry has been in the family for generations or only for a few short years, it’s important to make sure you’re emotionally ready to sell it. If you’re not, it could lead to arguing over price, setting unrealistic expectations, or even hanging onto it when you don’t need to.
  5. Get Your Diamond Jewelry Repaired: With most things, if you want to get more cash for a product, you need to invest in it first. If you have diamond jewelry that’s broken or in need of restoration, you’ll get less money for it. But if you get your diamond jewelry repaired first, you’ll get a much better cash offer.

The 4Cs of Diamond Evaluation

You should know how reputable buyers evaluate diamonds if you’re planning on selling. We’ll take a look at some of the mistakes to beware of in a little bit, but first, let’s highlight the “4 Cs” of diamond evaluation:

  • Carat: Diamond carat is the measurement of how much a diamond weighs. (Note that contrary to popular opinion, a “carat” is not a “karat.” Carat describes weight; karat describes purity.) A metric “carat” is defined as 200 milligrams and each carat can be subdivided into 100 points. This allows very precise measurements to the hundredth decimal place.
  • Cut: A diamond cut is a design guide used when shaping a diamond for polishing. Keep in mind, a diamond’s cut does not refer to its actual shape, but the symmetry, proportioning, and polish of a diamond.
  • Color: When it comes to diamonds, a lack of color is what you’re hoping for. A chemically pure and structurally perfect diamond has no color at all, subsequently leading to a higher value.
  • Clarity: Diamond clarity is a quality that relates to the existence and visual appearance of internal characteristics: inclusions, surface defects, and blemishes.

Mistakes to Avoid When Selling Diamonds

You’ve already learned a lot about making the most of your diamond selling experience, but there are plenty of additional things that are important to keep in mind. Knowing what common jewelry selling mistakes people often mike – and avoiding them – is an essential step to ensure that you’re not selling a diamond for anything less than what you deserve.

Here are three of the most common jewelry selling mistakes that should be avoided at all costs:

  1. Going to a seller: There are plenty of jewelry sellers out there that will buy your diamonds from you, but it’s a much better idea to stick with credible buyers. Jewelry stores, for instance, will buy your diamonds, but they won’t help you out as much as a compassionate buyer. In fact, they likely won’t be able to give you an unbiased opinion on your diamond. When you sell to a seller, there’s a lack of true diamond-buying information. Plus, their end goal is to sell you something; a buyer’s end goal is to give you money!
  2. Not doing any research: Even if you are working with a buyer, you need to start by doing plenty of research. In addition to researching your own diamond’s cut, clarity, color, and carat; you should research the actual buyer and find out if they are accredited, experts, and if they have any listed references.
  3. Selling online: Though doing research online is crucial to selling your diamond jewelry to a reputable buyer, your transaction needs to occur in person. Without an in-person appointment, your buyer has no way to evaluate your jewelry before purchasing it. And sending off your diamonds to an online buyer for evaluation is a risk you shouldn’t be taking.

Get the Best Cash Offer for Your Diamonds When You Sell in Westmont

If you want to learn more about how to turn your diamonds into cash – contact Americash Jewelry & Coin Buyers. We’ll give you tips on getting the most cash for your diamonds, appraise your diamonds, and give you a cash offer on the spot! Contact us online to schedule your appraisal, call us at 630-969-9600, or visit us at 16 W Ogden Ave, Westmont, IL 60559.

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