Lessons Learned About Diamonds

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Guidelines on How to Sell Your Diamonds Safely

If you have some diamonds that you would like to sell, it is important to prepare well for the same. Selling diamonds in Austin, TX, or anywhere else is not a straightforward process. To be on the safe side, it is important to research on the things to know when selling the same. Do not rely entirely on the advice of a buyer because most of them would want to make big profits. This article offers tips on how to sell your stones safely.

Knowing the value of your gemstones is very important. Knowing the value of your gem would help outsmart dishonest buyers. The value of a stone is determined by cut, carat, color, and clarity. If your diamond is big, it would be weightier. This means a higher value. A colorless stone is pricier compared to colored ones. Clarity measures whether a stone blemish-free or not. Your stone should attract more money if it has very few or no flaws at all. In case the gem has an accurate cut, you should ask for more money for it. Seeking the help of a reliable appraiser is important.

You should be careful to set a practical price. Some of the factors to consider when setting your price are how fast you want your stone to sell and the state it is in. Having it appraised would be the first step towards setting an acceptable price. It is important to understand that markets are never the same. You should know how much the stone is likely to fetch in your target market. You should take note or market trends, too.

You ought to be cautious when choosing a buyer. You should choose between consigners, auctioneers, and direct retail. Selling via consignment is likely to get you a higher price. Such a method, however, would take time. The service provider would take a commission, too. Auctions can see you get a buyer. However, just like consignments, finding a buyer might take a while whether there is a fixed date for the auction or not. It is essential to research a potential buyer well prior to contacting them.

Getting a GIA certification is important. A certification from the Gemological Institute of America would give credibility to your stone. Such certification would ensure that you do not end up a victim of buyers that would try to convince you that the gem is fake. A GIA certificate warrants spot-on appraisal, something that helps a seller price their stone appropriately.

You should clean your diamond before contacting any dealer, whether you have GIA certification or not. Pawnshops and second-hand buyers will be looking to pay as little as is possible for the stone. In case the stone is not clean, they are likely to use the 4Cs against you.

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