So, you have diamond jewelry lying around the house that you never wear. Maybe it’s a piece you picked up for a bargain several years ago at an estate sale. Perhaps it’s a family heirloom—or maybe you just want the extra cash.
Whatever your reason for selling your diamond ring, here are a few things to keep in mind as you take your ring to a jeweler to sell.
Before you sell your diamond ring, you must be ready to part with it emotionally. It might have sentimental value as your grandmother’s engagement ring, or it could be a piece someone lost for years before finding it again. The chances of buying your ring back are slim, and a jeweler may take the stone out to set it in another piece, altering the original ring you sold in the first place.
Once you’re ready, do some research online. If your diamond ring doesn’t have papers, try to determine what you have on hand. Is your diamond one carat or two carats? Generally, a larger diamond is worth more money. Beyond that, a good jeweler looks at the specifications of the diamond to get a better idea of how much the diamond is worth based on the cut, color and clarity.
Because you’re not a jewelry expert, you may not know the true value of your diamond piece. Just because your great aunt treasured this diamond ring, it doesn’t mean it’s worth a lot of money. Additionally, you probably don’t have the right tools to examine the interior structure of the diamond properly. All you know is you have a diamond ring and you want to sell it.
Another challenge is understanding the current market for diamonds. Taking your ring to a jeweler means you get your money faster, at a reasonable price.
A reputable jeweler knows how to ascertain the piece you have. Jewelers trained by the Gemological Institute of America examine the diamond to tell you precisely what you have. After that, the jeweler can determine how much money you can get for the piece based on the current market value.
A reputable jeweler will offer a fair price for your ring. There should be no hassles, no sales pitches, and no shady dealings. A reputable jeweler is both honest and fair.
Going with Southwest Jewelry Buyers in Scottsdale, Arizona, is one way to get the most money out of your diamond ring. Our friendly staff can take a look at your diamond jewelry, tell you how much the piece is worth, and make you a fair offer. Stop in today and see what we can do for you!