Key Considerations for Selling Your Diamond Jewelry
Your favorite jewelry pieces reflect certain memories, and can make you feel bold, beautiful, special. That’s why selling your diamond jewelry should be just as luxurious as when you bought it. We all have jewelry that we once loved, but now we no longer want or wear. Keeping your jewelry for sentimental reasons may seem like the right decision, but you’ve started to wonder if it can be put to better use than sitting in a vault or jewelry box. But if you’ve never sold diamond jewelry before, you may not know where to begin. Your collection - whether it was inherited, gifted, or purchased for yourself – may no longer represent your style or lifestyle, but you still want to make sure you receive best value when you’re ready to sell your wedding ring or diamond jewelry.
There are a few key considerations to keep in mind when you’re wondering how to sell your diamond jewelry – especially when it comes to finding a reputable and highly qualified diamond buyer and receiving the best value . Below we have provided information which will help answer any questions you may have when looking for the best way to sell your engagement ring or diamond jewelry.
Know Where Your Diamond’s Value Comes From
When you’re ready to sell a diamond, its value will be determined by many contributing factors. A diamond buyer will consider its unique characteristics, including the 4C’s (carat, cut, clarity, color) as well as fluorescence , symmetry, and much more (to see a full list of diamond characteristics and how they affect value, see our complete guide here.)
A diamond’s value is also determined by current supply and demand for these specific attributes, such as its shape or its color, which can fluctuate over time and vary by geographic region.
Consider a Diamond Grading Report
To better understand the characteristics a diamond buyer looks for in your diamond, obtaining a Diamond Grading Report from a reputable lab, such as the Gemological Institute of America (GIA), can be a helpful first step . Although the report will not indicate how much you can sell a diamond for, it will provide all the important information a diamond buyer would need in order to determine a diamond’s value.
However, Diamond Grading Reports are not necessary to sell your diamond. Highly trained and experienced diamond buyers will be able to determine a diamond’s unique attributes upon a physical examination.
If you have an appraisal, it may offer an initial assessment of a diamond’s characteristics, but these descriptions are subjective to the appraiser’s opinion, and it’s possible they may not represent the actual attributes of your diamond – which a Diamond Grading Report otherwise would. It’s important to note that a diamond’s appraisal value is not the same as a diamond’s resale value. Appraisals are most often used for insurance purposes, are highly inflated, and indicate an item’s retail replacement cost in the event it is lost or stolen. Only an experienced and highly skilled diamond specialist will be able to determine the value of your diamond, upon physical inspection.
Research Best Options for How to Sell a Diamond Ring
Now that you have a better understanding of what diamond buyers look for when evaluating your diamond, knowing how to sell your engagement ring and diamond jewelry for the best value is the next step.
Research the best options to make sure you work only with a reputable and qualified diamond buyer. Look for companies with A+ Better Business Bureau (BBB) accreditations, or who work with trusted affiliates. Make sure you understand the terms of the sale beforehand, and that there is no fine print and no hidden fees. Selling your diamond through an auction house may sound appealing, until you factor in all the fees associated with the listing and the sale . Does the company offer immediate payment, or only a consignment option? Knowing this is important when selling your diamond jewelry, otherwise you could find yourself waiting months or even years to receive payment.
Is the diamond buyer local or international? Access to a global sales network will dramatically increase the value you receive for your diamond; stores which depend on local markets will minimize your sales opportunity, whereas diamond buyers with an international sales reach will locate the right customer who has a specific need for your diamond, and will pay a fine price to have it.
If you are interested in selling your diamonds online, safety and security is important. Do they offer a safe and secure mail-in service? Look for a company who guarantees your diamond jewelry will be insured every step of the way , and that there are no obligations to sell your diamond once the package has left your possession.
Sell Your Diamond Ring To Professionals Who Will Maximize its Value
The most important aspect of selling a diamond ring is feeling confident about your decision – and finding the right diamond buyer will do just that. CIRCA is the leading international buyer of pre-owned diamonds and diamond jewelry . We pride ourselves on our commitment to client satisfaction by providing the best value, immediate payment, and a luxurious selling experience - which is what has kept our clients returning to sell to us again and again for over twenty years.
CIRCA Maintains an A+ rating with the Better Business Bureau (BBB), is trusted and recommended by Blue Nile, and is an affiliate member of the Gemological Institute of America (GIA), among other prestigious industry groups. CIRCA’s diamond buyers are highly trained and have the unique skillset to evaluate the characteristics of your diamond with or without a Diamond Grading Report. Our buyers can look for the nuances in your diamond which will increase its value. And with our global sales network, you can be sure you will receive the maximum value for your diamonds.
CIRCA provides two convenient and rewarding ways to sell your diamond jewelry for the best value. Schedule a visit at one of our 16 locations worldwide, where you can meet privately with one of our highly trained and experienced diamond buyers. We understand that selling your wedding ring or diamond jewelry can be an emotional experience. We will provide you with written offers so you can take time to consider or discuss with your family; there is never any rush or obligation to sell. Should you accept our offer, you will receive immediate payment right then and there.
If you don’t live near one of our offices, CIRCA also provides a simple, secure, and trusted way to sell diamond jewelry online from the comfort of your own home. Your package will be fully insured every step of the way. Once your shipment arrives safely at our office, your diamond will be evaluated for a purchase offer. Should you accept our offer, your check will be mailed to you that very same day. If you decline, your diamond will be shipped back to you, fully insured, no questions asked. At CIRCA, there is never ny obligation to sell, and no hidden fees to use our services.
Your jewelry is personal and sentimental, and more importantly, it has value. So when you’re ready to sell your diamond jewelry, you want your experience to be as luxurious and rewarding as the day you bought it. And with CIRCA , it truly can be.