7 Best Places to Sell Diamonds for the Most Money

How A lot Are Diamonds Value?

In case you are all for promoting your diamonds or diamond jewellery, you could be to learn the way a lot diamonds are price. Not like different valuable metals like gold and silver, diamonds will not be as ceaselessly traded. Because of this, the costs of diamonds are usually much less unstable, though it might nonetheless be laborious to find out the worth of 1.

Typically talking, 4 most important components can have an effect on the worth of a diamond. These components embody:

The carats or weight of a diamond

Whether or not a diamond has colour or is colorless

The readability of the diamond

The lower of the diamond

On condition that there are lots of issues that may have an effect on a diamond’s value, it’s troublesome to find out how a lot a diamond is price. Thus, partaking an expert diamond appraiser is the easiest way to find out how a lot your diamonds are price.

The place Can I Get the Most Cash for Diamonds?

To get essentially the most cash when promoting your diamonds, it might be sensible to get presents from a number of locations. Listed below are among the greatest locations to promote your diamonds that you could contemplate.

Finest Locations to Promote DiamondsBenefitsCash for Gold USAEnjoy insurance coverage in your shipments for as much as $5000Express Gold CashGet a free appraisal equipment to estimate the worth of your diamondsWorthyGet essentially the most cash to your diamonds by skilled 48 to 72-hour auctionsWP DiamondsAll packages are opened on video and insured for as much as $200,000Diamond Patrons InternationalEnjoy value-added companies like free re-cuttingeBayGet the absolute best costs to your diamondsLocal Jewellery ShopsVisit a number of shops to get totally different quotes and select the very best one

7 Finest Locations to Promote Your Diamonds for the Most Cash

Money for Gold USA

Money for Gold USA is an internet valuable metals vendor that primarily trades gold. Nevertheless, the corporate may also purchase diamonds in any situation, making it probably the greatest locations so that you can promote your diamonds.

Promoting diamonds to Money for Gold USA is easy. The method is just like many different on-line valuable metallic and gemstone sellers. To begin, you need to use the delivery label that the corporate supplies to ship your diamonds to them. This cargo may have insurance coverage for as much as $5000, so you’ll be able to relaxation assured that your diamonds are secure.

As soon as the corporate receives your diamonds, they may appraise them and make you a proposal for them, usually inside 24 hours. In case you are happy with this provide, you’ll be able to settle for it, and you’ll obtain your cost by way of PayPal, test, or financial institution wire.

Specific Gold Money

Specific Gold Money is an internet platform that may purchase your gold for money. Aside from gold, the web site additionally buys diamonds and different jewellery, making it probably the greatest locations to promote diamonds.

Among the various kinds of diamonds and diamond jewellery that the web site will purchase embody:

Diamond engagement rings

Diamond tennis bracelets

Diamond pendants

Diamond earrings

Free diamonds

Melee diamonds (small diamonds)

On condition that the worth of diamonds could be very subjective, the corporate supplies sellers with free appraisal kits that they will use to get an estimate of their diamonds’ worth. To promote your diamonds to Specific Gold Money, you have to ship them to the corporate. After they obtain your diamonds, they may make you a proposal.

Specific Gold Money will deal with the whole lot you ship to them with the utmost care, and they’re going to even ship it again to you totally free if you don’t settle for their provide.

eBay

On eBay, you’ll be able to browse listings for diamonds just like yours and see how a lot these listings offered for. This characteristic may give you a greater thought of what your diamond is price.

You’ll be able to then checklist your diamond on the market on the web site. When a purchaser purchases your diamond, both by an public sale or utilizing the Purchase It Now perform, you will want to rearrange for supply of the diamond to the customer. eBay will maintain your funds in escrow till the customer will get the diamond, after which you’ll obtain cost.

Whereas eBay allows you to get what’s more likely to be the absolute best value to your diamonds, you will need to issue eBay charges into your estimates. These charges are usually round 13%.

Additionally, you will want to think about the time and financial value you’ll incur to ship the diamonds to your purchaser.

Worthy

Worthy is a web site that makes use of expertise and trade connections to give you a good value to your diamond jewellery. The corporate buys a wide range of totally different diamond jewellery, reminiscent of:

Rings and ring units

Necklaces

Bracelets

Earrings

You too can promote any free diamonds or diamond luxurious watches on the Worthy web site. In comparison with different on-line jewelers and gemstone sellers, Worthy doesn’t make you an upfront provide to your diamonds and diamond jewellery. As an alternative, the corporate engages skilled gemologists that will help you clear, grade, and {photograph} your diamonds.

Then, it runs 48 to 72-hour auctions in your diamond with a reserve value of your selecting. After a profitable public sale, the corporate will accumulate a small payment of between 10% to 18% earlier than releasing cost to you inside 2 to 4 enterprise days. While you promote on Worthy, you could be sure that you’re getting one of the best value to your diamonds.

WP Diamonds

WP Diamonds is a world firm that focuses on recycling and reselling diamonds. The corporate has its headquarters in New York Metropolis, though you’ll be able to promote your diamonds to them no matter the place in the USA you’re.

To promote your diamonds and diamond jewellery to WP Diamonds, merely fill within the on-line citation type on the corporate’s web site. When you present the main points of your diamonds or diamond jewellery, the corporate will make you a proposal to your diamonds.

If you happen to settle for this provide, you will want to mail your diamonds to the corporate by way of FedEx (which the corporate pays for) for authentication and verification. One distinctive characteristic of WP Diamonds is that every one shipments have insurance coverage for as much as $200,000, and the corporate opens all packages on digicam so there’s video proof for insurance coverage claims.

Diamond Patrons Worldwide

Diamond Patrons Worldwide prides itself on serving to sellers skip the intermediary on the subject of promoting their diamonds. By avoiding the dealer or wholesaler stage of the diamond promoting course of, they will pay you extra to your diamonds.

The corporate may also present value-added companies reminiscent of re-cutting. This service helps to make sure that your diamonds have the optimum lower, minimizing flaws and enhancing their high quality. Because of this, you’ll be able to get pleasure from larger costs to your diamonds, making Diamond Patrons Worldwide probably the greatest locations to promote diamonds.

If you wish to promote your diamonds to them, you may get your diamonds appraised on-line totally free simply by submitting a type on their web site.

Native Jewellery Outlets

If you happen to require some fast money and wish to pawn off your diamonds, native jewellery retailers generally is a good choice to take action as properly. While you go to a jewellery retailer in your neighborhood along with your diamond, you may get it appraised on the spot. You could find jewellery retailers by doing a fast Google seek for “jewellery retailers in [your neighborhood]”.

The jeweler will be capable of inform you how a lot your diamond is price and whether or not they’re prepared to make you a proposal for it. In the event that they do make you a proposal, they may usually pay you on the spot in money. Thus, promoting to a neighborhood jewellery store continues to be one of many quickest and most handy methods to promote a diamond.

If you happen to select this selection to promote your diamond, do your analysis beforehand to make sure that the jewellery retailer you wish to promote to is a reputable one and never a rip-off. Listed below are some ideas that will help you keep away from getting scammed:

Seek for opinions of the jewellery retailer on platforms like Google and Trustpilot

Test to see if the jewellery retailer is accredited by the Higher Enterprise Bureau

Name the jewellery retailer upfront to test if they’re nonetheless working

Different Websites to Promote Your Diamonds

Often Requested Diamonds Questions

How can I promote my diamonds for essentially the most cash?

Listed below are some ideas that will help you promote your diamonds for essentially the most cash:

Go to a number of sellers to get presents to your diamond earlier than promoting to the vendor with the very best provide

Learn opinions of various sellers to search out sellers with good reputations

Think about authenticating your diamond and promoting it to a personal purchaser as an alternative of a vendor

How a lot can a 1-carat diamond promote for?

As of 2024, the worth of a 1-carat diamond can vary from roughly $1,190 to $15,650 relying on its high quality.

Nevertheless, be aware that the costs you’ll be able to anticipate to get whenever you resell a diamond are usually a lot decrease than the retail value of the diamond. It’s because most shops and brokers will solely purchase second-hand diamonds at wholesale charges.

Are diamonds simple to promote?

In comparison with valuable metals like gold and silver, fewer sellers specialise in shopping for diamonds. Nonetheless, diamonds are nonetheless comparatively simple to promote as many pawn retailers, jewellery shops, and valuable metallic sellers will purchase them.

Is promoting diamonds with out a certificates simple?

Promoting diamonds with out a certificates could also be barely harder, particularly if you’re promoting to a pawn store or small-scale jewellery retailer that can’t correctly appraise your diamonds. Shops could also be reluctant to buy a diamond if they’re uncertain about its authenticity.

Nonetheless, most trendy sellers and shops usually have the tools to evaluate diamonds and decide their authenticity. Thus, you’ll nonetheless be capable of promote your diamonds to them with out a certificates.

Are you able to promote a diamond with an internet quote?

Sure, there are lots of web sites reminiscent of Money for Gold USA that gives you an internet quote to your diamonds. You’ll be able to merely mail your diamonds to those firms and they’re going to assess your diamonds remotely earlier than supplying you with a quote. The entire course of could be performed remotely, permitting you to promote your diamonds with out ever leaving house.