It is difficult to sell a diamond as compared to selling other luxurious metals like gold. Gold has a quantifiable melt value whereas the diamonds do not have objective resale prices. So the inexperienced seller can become overwhelmed or just confused while selling it.
It is almost mysterious whether the diamond is true or not. The old diamond ring being passed on from generation to generation in your family need not be of value or a real diamond. You need to know the quality of the stone you have before you run to market to sell it.
To find the quality and authenticity of the stone, meet a qualified appraiser who doesn’t buy or sell diamonds, as then he will give you an unbiased opinion of the stone’s characteristics and condition. They will also let you know the positive and negative attributes of the stone that could affect its value. But this can cost you a good fee.
If you are short on money then go to a professional diamond buyer or a pawnbroker to get the stone evaluated for free. If you have a Gia diamond, then you can even sell gia diamond in palm beach. And to be sure you are not being duped, reach out to more than 3 shops so that you have a range of opinions as well as options to sell the stone. This way you will get a concrete idea of the state and specifications of the stone.
Be cautious to take care of the stone and also not have any unrealistic expectations on its price value. The best is to ask the appraiser how much the stone will be worth in specific markets and circumstances. The appraiser can tell you about the current market trends and make you understand the potential resale value of the stone. It is also advised that you look at the prices of completed eBay sales for diamond jewelry having similar characteristics.
