Mention hidden loot and people imagine pirate ships, maps and treasure chests. But some people have money-making loot right in their own home that they haven’t even considered—inherited or purchased loose diamonds. As America rebounds from the recession, middle class Americans are slowly regaining their wealth. The decision to sell diamonds can be a wise step toward regaining sound financial footing.
Diamonds are Forever
Since the mid 20th century, diamonds have consistently been in demand. Diamonds are used for a wide variety of jewelry: rings, earrings, and pendants. Given the unabated demand for diamond jewelry, jewelers need diamonds for resale.
Know What the Diamond is Worth
Not all diamonds are created equal. Diamonds are evaluated using the Gemological Institute of America (GIA) 4Cs criteria: color, clarity, cut, and carat weight. Before taking the diamonds to a jeweler, locate any documentation that came with the diamond. Remember that different labs may give diamonds different ratings. The ratings that hold the most weight are Gemological Institute of America (GIA) and the American Gem Society Laboratories (AGSL).
Sell Diamonds to a Professional Diamond Buyer
When selling a diamond, the goal of the seller is to receive top dollar for the diamond and to experience the highest level of ease and professionalism during the transaction. Although pawn shops may immediately come to mind as a quick and easy way to sell diamonds, pawn shops need to resell the merchandise at rock bottom prices. Therefore, they must offer a low price for a diamond, regardless of its quality. Pawn shops also are unlikely to be adequately trained to assess a diamond. Southwestern Jewelry Buyers offers GIA certified jewelry buyers who will professionally assess a diamond and offer money on the spot. We are Better Business Bureau A+ Ranked, so sellers can be confident they will be treated fairly. Due to our high volume of national and international business, we are able to buy large quantities of diamonds and to purchase them at the best prices in Paradise Valley.