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Article #289: How to Sell A Diamond

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If you base what you do on inaccurate diamond scams - even in well known
information, you might be unpleasantly 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 if
down, and carefully consider all of your the diamond is worth a lot of money.
options - there are many. Your final option should be a jewelry
First, have the diamond appraised. In store. It is vital that you not let
fact, have it appraised by two or three your diamond out of your sight while in
jewelers to get an accurate idea of the the jewelry store - you might find that
diamonds value. Tell the appraiser that the diamond you walked in with is not
you want the Rapaport Value. This is the same diamond that you walk out
the wholesale value of the diamond, and with! The jeweler will try to tell you
it basically tells you the highest that your diamond is of poor quality or
price that you can sell your diamond for. low weight. Inevitably, there will be
If your diamond has no certificate, you some problem with the diamond. This is
should consider getting a certificate where your appraisal and/or certificate
from GIA. This may help you get a will come in handy.
better price 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 of
to people you know. Friends and family the Rapaport Value. Do not accept
members may be interested. If you don't anything less than this. Again, do not
have any luck with friends or family let the diamond out of your sight until
members, you should turn to outside you have been paid for it.
sources. Absolutely avoid pawn shops! A There's a lot to understand about
pawn shop will only offer you about 10% diamonds. We were able to provide you
of what the diamond is worth! Also with some of the facts above, but there
avoid offers of selling the ring on is still plenty more to write about in
consignment. There are many things that subsequent articles.
can go wrong, and there is no shortage of






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