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