Friday, April 3, 2009

Sell diamonds - Tips and things to know



Diamonds are more than shiny stones and exquisite pieces of jewelry, they are also extremely desirable investments, mostly because of their liquidity which makes diamonds sell fairly easy. Here are some tips that will come very handy when selling diamonds. As with many other things too, when selling something it is of most important value to know as much as you can. With diamonds the excellent starting point are of course the famous 4C's . This are really the basic things you should know before starting selling diamonds. Of course do more you know gives you in better negotiating position when selling diamonds.In case you prefer an expert opinion about the real value of your diamond before selling it the wise thing to do would be to have it appraised at its Rapaport value. This Rapaport value is basically a diamond's wholesale value that has special weight because of its fame. This of course isn't the cheapest solution but it gives you valuable data about real value of your diamond so you can start the negotiations knowing the actual value of diamond. Of course you will want as much as you can get for your diamond so you should try finding someone that could pay you more than wholesale value.


Diamond are very liquid "merchandise" so selling them is fairly easyThe thing that can significantly increase the price of diamond is its history. Diamonds with formidable history are most easiest to sell, mostly through famous auction houses, where there are of course extremely wealthy buyers. However very few diamonds have rich history so most diamond sellers have the "usual diamonds" to sell which are diamonds of average quality and without the history. Many people decide to sell diamonds on Ebay. Experiences of selling diamonds on Ebay are very different, from very satisfying to extremely negative. If you decide to go with Ebay make sure to have your payment placed in escrow. This way while your buyer examines the diamond you won't be exposed to risk of losing both your money and your diamond.Many people wonder what about going to local jewelry store? Is this good solution to sell your diamonds? Don't expect too much form jewelers because they will try to lower the diamond price as much as possible, in most cases people get even below 50 % of diamond actual value. They tell you the usual things that your diamond is anything but perfect, poorly cut, too much inclusions, etc...This is where before mentioned Rapaport value comes more than handy. With Rapaport value you'll know exactly is the offer from your jeweler acceptable or not.If you search the net you can also find some online diamond buyers. They can sometimes give you fair price for your diamond. In any case follow the basic economic rule -try to get as much money as possible. Good luck.

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