It used to be that when you passed a jewelry store you would see signs advertising  "We buy gold".  But, these days  you are also likely to see:  'We Buy Diamonds!".  More and more jewelers want to buy your diamonds and  are  willing to pay a  good price depending on diamond cut,  shape, and  size. But, if you plan to sell diamonds you should also be aware of the following tips which will hopefully help you sell your diamonds more quickly, while getting the most money for them.

Educate Yourself

Even if you inherited a diamond ring that your grandma swore was invaluable, it might not be. In the diamond market, there is a big difference between real and sentimental value. This is why it's a good idea to contact an appraiser to get more information about the ring. An appraiser will not only be able to give you a price for how much the ring is valued for, but can also tell if the stone is real or synthetic. If you don’t have a lot of money to hire an appraiser but  want to sell diamonds, you can contact a diamond buyer.

Be Realistic

Your diamond could be worth more or less this season, based on the current diamond market. One way to estimate the value of a diamond or  piece of diamond jewelry is to look online. Buy looking at online jewelry stores you can take a look at their diamonds versus yours to get a better idea about what the value of your diamond is right now.

Selling To The Public vs Selling To A Jeweler

When it comes to your diamonds you have two options. You can sell diamonds to the public or sell diamonds to a someone in the jewelry industry.  If you choose to sell it to a regular consumer, you are going to need a lot of time and patience with people who just want to see the jewelry, but aren’t really invested in buying it. On the other hand, if you sell your diamonds to a jeweler your biggest issue is going to be trust. When you deal with any business, look up their rating with the  BBB and look for reviews about their business.

The Marketplace Does Matter!

Most jewelers will be more than willing to buy your diamonds for a higher price during seasonal months than non-seasonal months. From September to October - the months that  lead up to  holidays such as  Thanksgiving and Christmas are especially important to someone who buys and sells diamonds. These months are the time when a jeweler is willing to pay a little more because they know that the holiday season is coming. On the other hand, during the summer months there are no big months, so if you try to sell diamonds and are not getting the price you think you should, wait a few months.

If you want to sell diamonds, need a free evaluation or you have questions, visit Ralph Mueller & Associates or call 480.949.9229