How To Get the Best Price for Your Diamonds

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Whether you want to sell jewelry with embedded diamonds or you have loose diamonds you want to make money from, you’re sure to want the highest price possible for your items. Diamonds can be an excellent investment for Orange, CA residents, and many people expect to sell their stones for a profit — and, more often than not, you can. 

 

However, to get the best price possible for your diamonds, you should know these four basic tips, including the best places to sell jewelry for cash.

1. Know What Your Diamond is Worth

If you want to get the best price for your diamonds, you should know what your diamonds are worth before you speak to a diamond buyer. After all, loose diamonds have a general market value, so you can estimate their worth with some accuracy on your own. 

 

Do some independent research online and back this up with an appraisal from an objective third party. Some diamond jewelry buyers may try to offer you a much lower value than your diamonds are truly worth. If you receive an appraisal from a third-party expert appraiser, you can be more confident that you’re receiving a fair value from your gold and diamond jewelry buyer when the time comes.

2. Understand the Four C’s

The value of a diamond is determined by four C’s: cut, color, carat and clarity. If you know these four things about your diamond, you can much more accurately assess its worth. 

 

The cut refers to the shape of the diamond: round, radiant, princess, marquise, heart, oval, pear, cushion or emerald. Certain shapes are worth more than others, so the cut can affect the price of your diamond. 

 

Color is another factor; the less color a diamond has, the more valuable it is. The GIA grading scale from D to G evaluates the amount of color a diamond possesses, with D representing colorless diamonds and G representing yellow, brown, and other uniquely colored diamonds.

 

Carat refers to the weight of the diamond (and often, as a result, the size of the diamond). The more a diamond weighs, the more expensive it is.

 

Clarity refers to the diamond’s lack of imperfections or inclusions. Inclusions are created when crystals fall into the stone while it’s being formed, affecting the structure of the diamond. The fewer imperfections or inclusions a diamond has, the more valuable it is. 

 

Knowing these things about your diamond, or having your diamond buyer walk you through these areas during their appraisal, will help you feel confident that you are receiving the best price possible for your diamonds.

3. Bring Documentation

High-quality loose diamonds are almost always sold with a certification card from the GIA (Gem Institute of America) or similar organizations. This certificate should include information about your diamond, including the four C’s. 

 

If you have this certificate, bring it with you when selling or appraising your diamond. It will help the appraiser assess the value of your gems more fairly and accurately.

4. Research Your Diamond Buyer

Of course, you should always research your diamond buyer before committing to a sale. This means more than Googling “jewelry and gold buyers near me.” This can be a starting point, but verify that any diamond buyer you consider has a verifiable history in Orange, CA or your local area and has numerous 5-star online reviews from third-party websites. 

 

Search for reviews on Yelp or Google, check their rating with the Better Business Bureau, and ensure that they are licensed and insured. A good diamond buyer will also have certified gemologists on staff to appraise diamonds and other gems.

Here at Watch & Wares, we have curated a team of expert jewelry appraisers and gemologists with decades of experience working with some of the biggest names in the diamond jewelry industry. With over 30 years of business under our belts, Watch & Wares is a name you can trust. To find out more about our diamond and jewelry buying services or to receive a free diamond jewelry estimate, give us a call at (714) 633-2030 or fill out our online contact form today. You can also stop by our Orange, CA location Tuesday through Saturday from 10 a.m. to 4:30 p.m. We look forward to working with you!