What You Need To Know Before Selling Your Diamonds

Posted on Posted in Buyers of New York, Diamonds

Are you in a rush to get rid of those old diamond earrings? What about that diamond necklace and bracelet? Before you jump right into selling, you should be educated on exactly what you’re selling. Some things you need to know is the 4 C’s, who you’re selling to, GIA report, etc. 

  1. The 4 C’s

  If you don’t know what the 4 C’s are, it stands for carat, cut, clarity and color. Carats are used for measuring the weight of stones, gems, etc. The larger the carat size, the more costly the weight will be. The clearer your diamond is ( D color) , the more money you can make off of it when you sell it. A SI1 clarity diamond is more of a desirable diamond. The cut size of your diamonds also affects the amount the diamond is worth. For example, a rounder cut will be more expensive than a emerald or princess cut.

2. Know who you’re selling to

 It is incredibly important to know who you are selling your precious gems to, otherwise you will get ripped off of your money. Not all diamond buyers are reliable. Local pawn shops may seem easy and the way to go, but it’s not always the smartest choice. In fact, you’ll lose more money than gain. You should always do research on the buyers you’re selling to. Check their websites, customer reviews, etc. 

3. GIA Report

It is advisable to sell your diamonds to someone who has a GIA certificate. GIA stands for Gemological Institute of America. Being certified means to evaluate diamond quality, the 4 C’s and the diamond grading system.

These are the key components you need to have down packed before selling your diamonds. If you follow these steps then you are on the road to success in getting back that cash you are justified to.

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