| Most advertising campaigns by De Beers
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| | the diamond to them so they can determine
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| feature their famous slogan "A Diamond is
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| | the amount they will pay you. All too
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| Forever." Consequently, women seldom sell
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| | often, this amount is much less than
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| a diamond and often feel uncomfortable
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| | their preliminary estimate so you must
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| buying diamonds previously owned by other
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| | either pay the return shipping, or accept
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| women. There is a sentimental aspect to
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| | their price. If your main priority is
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| diamonds that is very different from
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| | getting money fast, this is a valid
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| other tangible assets like boats, houses
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| | option. If your main priority is getting
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| or automobiles. However, there are
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| | top dollar for your diamond, there are
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| occasions when consumers need to sell
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| | better selling methods available to you.
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| their diamonds and, unlike the used car
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| | Auctions like eBay are very popular for
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| market, there is not a well-developed
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| | selling jewelry items but there is so
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| method for consumers to sell their
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| | much low quality jewelry listed, it is
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| diamonds.
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| | hard for potential buyer to find your
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| As a consumer, you face some unique
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| | quality diamond. You are competing with
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| challenges when trying to get the best
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| | jewelry retailers whose entire business
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| price for your diamond in a safe and
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| | is selling on eBay so they are experts at
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| comfortable manner. Your starting point
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| | writing the descriptions (often with
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| is to know exactly what you are selling.
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| | exaggerated quality), taking impressive
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| This is much easier if the diamond has a
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| | pictures and shipping their items. Even
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| grading report from a major laboratory
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| | if a bidder does find your item, the odds
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| like the GIA or AGS. You have more of a
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| | of getting your target price are slim to
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| challenge if there is no formal grading
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| | nil because other retailers are
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| report. In this case, you need to find
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| | advertising items with similar
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| an independent appraiser who can evaluate
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| | descriptions for about half the amount
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| the diamond and determine its quality and
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| | you want. Notice I did not say they are
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| potential value.
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| | advertising similar quality, just similar
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| Once you know your diamond's
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| | descriptions. Do a search for diamond
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| specifications, you can find the current
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| | rings with GIA grading reports and you
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| retail asking price by checking with
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| | will see the vast majority of diamond
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| online retailers to see what similar
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| | rings have paperwork from sources you
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| diamonds are selling for in today's
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| | have never heard of before.
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| retail market. It is unlikely you will
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| | Other effective ways to find a buyer are
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| be able to get the going retail price for
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| | classified ads in local newspapers and
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| your diamond. Selling your diamond at
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| | bulletin boards at church or work. The
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| 80% to 90% of that amount would make it
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| | challenge is reaching enough people to
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| sell quicker. Be realistic about your
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| | find at least one buyer willing to pay
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| expectations. The lowest cost online
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| | your price. You have to be careful when
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| retailers, not the expensive jewelry
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| | doing this kind of transaction,
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| stores with double the price, set the
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| | especially if selling to a stranger. Do
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| value of your diamond.
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| | the transaction in a safe place and be
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| You now know your target price and simply
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| | sure you have a valid form of payment.
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| have to figure out how to find the right
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| | You do not want to hand over your diamond
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| buyer for your diamond. There are
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| | and end up with a phony cashiers check or
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| several options available to sell your
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| | bad personal check.
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| diamond and you need to determine which
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| | Some jewelry stores and online retailers
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| is best for maximizing your money and
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| | will sell your diamond on consignment.
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| safety while minimizing your time and
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| | Online retailers with a local presence
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| effort.
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| | have an advantage in that they have large
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| Your first thought might be to go to the
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| | numbers of diamond shoppers on their
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| closest jewelry store or pawnshop and
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| | website plus walk in traffic that can see
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| sell them the diamond. The key to
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| | your diamond in person. They also have
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| remember here is that they do not need
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| | lower overhead and prices so you can get
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| your diamond. They can get all the
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| | a bigger share of the selling price.
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| diamonds they want on the wholesale
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| | With jewelry stores often marking up
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| market. The only reason they will buy
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| | prices over 100%, your share is likely to
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| your diamond is if the price is a
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| | be less than half of the selling price.
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| fraction of the wholesale price. They
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| | Just be sure to get a written description
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| hope you need the money bad enough to
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| | of the item you are giving on consignment
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| take 25%-50% of what you could be getting
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| | and the minimum amount you will accept
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| for your diamond elsewhere. They might
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| | for your diamond. All too often sellers
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| offer you a little more if you "trade up"
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| | are not being able to get their jewelry
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| to something in their display case.
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| | items back from a store or only receive a
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| However, this often results in you paying
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| | fraction of the amount they expected from
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| more for the new diamond and receiving
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| | the sale. However, if you have patience
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| less for your diamond than if you sold it
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| | and a low priced, trustworthy retailer to
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| elsewhere.
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| | broker your diamond, you have an
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| Several online brokers specialize in
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| | excellent chance of getting an excellent
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| buying diamonds and estate jewelry from
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| | price for your diamond without the hassle
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| consumers. They typically have you ship
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| | and safety issues of selling it yourself.
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