| If you base what you do on inaccurate | | | | shortage of diamond scams - even in |
| information, you might be unpleasantly | | | | well known jewelry stores. |
| surprised by the consequences. Make sure | | | | If the diamond is important, you should |
| you get the whole diamonds story from | | | | strongly consider auctioning it off |
| informed sources. | | | | through one of the famous auction |
| There are many reasons why you may want | | | | houses, such as Christie's or |
| to sell a diamond that you own. Perhaps | | | | Sotheby's. If it isn't what is |
| you've gotten divorced, or you are | | | | considered an 'important' diamond or a |
| strapped for cash. The reasons why | | | | high-end diamond, you should try to sell |
| don't really matter - getting the best | | | | it to an individual using classified |
| possible price is what counts! The way | | | | ads, or even eBay. However, selling to |
| to obtain the best price for the | | | | an individual that you do not know |
| diamond is to not be in a rush. Slow | | | | could put you in danger - especially |
| down, and carefully consider all of your | | | | if the diamond is worth a lot of |
| options - there are many. | | | | money. |
| First, have the diamond appraised. In | | | | Your final option should be a jewelry |
| fact, have it appraised by two or | | | | store. It is vital that you not let |
| three jewelers to get an accurate idea | | | | your diamond out of your sight while |
| of the diamonds value. Tell the | | | | in the jewelry store - you might find |
| appraiser that you want the Rapaport | | | | that the diamond you walked in with is |
| Value. This is the wholesale value of | | | | not the same diamond that you walk out |
| the diamond, and it basically tells | | | | with! The jeweler will try to tell you |
| you the highest price that you can | | | | that your diamond is of poor quality |
| sell your diamond for. If your diamond | | | | or low weight. Inevitably, there will |
| has no certificate, you should | | | | be some problem with the diamond. This |
| consider getting a certificate from GIA. | | | | is where your appraisal and/or |
| This may help you get a better price | | | | certificate will come in handy. |
| for the diamond as well. | | | | If the jeweler is fair, they will offer |
| First, try to sell the diamond yourself, | | | | you between 60% and 80% of the value |
| to people you know. Friends and family | | | | of the Rapaport Value. Do not accept |
| members may be interested. If you | | | | anything less than this. Again, do not |
| don't have any luck with friends or | | | | let the diamond out of your sight until |
| family members, you should turn to | | | | you have been paid for it. |
| outside sources. Absolutely avoid pawn | | | | There's a lot to understand about |
| shops! A pawn shop will only offer you | | | | diamonds. We were able to provide you |
| about 10% of what the diamond is worth! | | | | with some of the facts above, but there |
| Also avoid offers of selling the ring | | | | is still plenty more to write about in |
| on consignment. There are many things | | | | subsequent articles. |
| that can go wrong, and there is no | | | | |