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Selling Your Diamonds: Tips You Should Know

Who hasn’t been through a tough time? Everyone probably has at some point of their lives. It may be about relationships, career, or finances. When most women have financial problems, they often times resort to selling their precious diamond jewellery for some extra cash.

When you are planning to sell diamonds for cash, there are certain things that you have to know. Selling diamonds is not as easy as selling gold. Even when you sell silver jewellery for cash, it has a quantifiable value. Diamond, on the other hand, does not have any objective way of measuring.

Before you sell your jewellery, make sure that you know what you have. You need to know the authenticity and the quality of the diamond that you have. If you aren’t really that knowledgeable with this stone, you have to ask advice from a qualified appraiser. Make sure that this person does not sell or buy diamonds. This is so you can get an unbiased picture of what you really have. If you don’t have enough money to spend for a professional appraisal, you can opt to have your diamond checked by pawnbrokers or even diamond buyers. Go to three or four shops to have your jewellery evaluated. This will give you an idea of the condition of your jewellery and the rough price range.

Always set a realistic price on your diamond. You’ll only be disappointed if you set unrealistic prices. Ask the appraisal for the worth of your jewellery in its current condition and with the market trend. You can also check out eBay and other listing websites with diamond jewellery for sale. Look for those with similar quality and condition as yours and compare their prices. Jewellery and other online stores are also good sources of information.

Do your research on the possible selling options that are available for you. Decide whether you want to sell your jewellery to a shop or to the general public. Go for an option that you personally trust and will quickly do the task for you. If you want to get the money right away, then you can opt to sell your diamond to a pawnshop or a shop. However, you won’t really get top dollar for it. If you’re looking into getting as much from your jewellery item, you can choose to sell it to the public. There are different platforms that allow you to do this like eBay and Craigslist.

Lastly, be emotionally ready to make the sale. Some diamonds have sentimental value and can be quite dear, especially when given by someone important. You don’t want to regret selling something that’s valuable to you later on. Be ready to part with it and be sure that it is the best decision.

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