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How Not to Lose Money When Selling Old Diamond Jewelry

Author: Kevin Smith
by Kevin Smith
Posted: Oct 12, 2017

You may have heard that selling your old jewelry is more hassle than the jewelry is actually worth, or that you won’t get a fraction of its true worth from any buyer, reputable or not. While it is true that finding a reputable buyer who will offer you a fair amount will not be easy, it is not impossible. By doing a little bit of homework on the particular piece or pieces you want to sell, and by researching reputable buyers near you, you can sell old diamond jewelry in Atlanta with ease—and, more importantly, without being ripped off.

Understand Diamond Prices

One of the biggest mistakes that a seller can make when selling their old diamond jewelry is entering price negotiations without any knowledge of diamond prices. There are several factors that affect a diamond’s value, including carat weight, cut grade, clarity grade and color grade. Then a jeweler will assess the diamond’s shape, fluorescence, polish, and symmetry. By knowing how a gemologist determines the value of a stone you will better be prepared to sell old diamond jewelry in Atlanta for a fair price.

Sell to a Reputable Jeweler

It can be tempting to sell your old diamond jewelry online on sites like eBay, Etsy and Craigslist, but try to refrain from doing this. Though you may get immediate offers through these types of sites, they may not be the most fair; and if you work with sites like eBay, there is no going back once an auction ends and your gem sold for much less than you anticipated. Additionally, you may run into scams when dealing with people on the Internet, which you can avoid by going straight to a jeweler.

Seek Out Multiple Offers

Whether you’re in dire need of cash or just want to sell your diamond because you don’t wear it anymore, it can be tempting to take the first offer you get—especially if that offer is a good one. But think about it: if someone is willing to purchase your diamond off the bat—and let’s say they make a really good offer—think about what others might be willing to pay for it. Shop around, so to speak, for a few different offers so that you can adequately gauge what people are willing to pay for a gem like yours.

If you want to sell old diamond jewelry in Atlanta, be smart about the way you approach the selling process. Do your research ahead of time to know how diamonds are valued, seek out reputable jewelers and obtain multiple offers before making the sale and you may be pleasantly surprised with the amount of cash you walk away with.

About the Author

Kevin Smith is a writer and an avid reader. He writes about business, marketing, health, pets, or relationships etc.

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Author: Kevin Smith

Kevin Smith

Member since: Dec 15, 2016
Published articles: 437

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