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If you have diamonds or diamond jewelry to sell, you may be wondering how to go about the selling process. As with any valuable, it’s important to sell to a trusted buyer to avoid scams. This guide will go over useful tips for selling diamonds and/or diamond jewelry for top dollar.
Getting the most out of your selling process requires knowing what you have, understanding what to expect, and finding the right buyer. Here’s what you need to know to sell diamonds.
Diamonds often do not hold their resale value very well. If you go into the selling process expecting to get what you paid for your jewelry, you will likely be disappointed.
In almost all cases, diamond jewelry will be worth substantially less than its original retail value. Understanding this ahead of time is important to setting realistic expectations.
The process for selling diamond jewelry will be different than selling loose gemstones, for instance. Whatever information you can gather about what you have will help you find the right buyer and get the most cash for your diamonds.
Take a look at your item(s) to examine them for condition and any markings they may have. Diamonds themselves are not typically marked, but you may see markings on the jewelry itself indicating its metal content and purity.
Next up, it’s time to start searching for buyers. Ideally, you want to identify 2-3 options that are local to you. Call around to see who buys diamonds or diamond jewelry, and explain what you have.
Coin shops and jewelers are typically the best options here. We do not typically recommend pawn shops or “we buy gold” businesses, as they pay far less than what your items are worth.
Look for diamond buyers that have good reviews online. Research using Google Maps reviews or Yelp, as well as third-party rating sites like Trustpilot.
If you’re in the Seattle or Tacoma area, stop by Bellevue Rare Coins to sell diamonds for top dollar. Bellevue Rare Coins has been trusted in the Pacific Northwest for more than 40 years, and we’d love to help you get cash for your diamonds.
Next, visit one or two of the trusted diamond buyers you identified previously to get a free quote. Most buyers will examine your items and prepare a quote for free. You are not obligated to sell.
This will give you an idea of what your items are worth, and if you like one of the offers, you can easily sell it right then and there.
Bellevue Rare Coins offers no-obligation evaluations of valuables in Bellevue, Issaquah, Lynnwood and Tacoma, WA. Visit your nearest Bellevue Rare Coins location today to get a quote!
Finally, it’s time to sell your items. If you got multiple quotes from several diamond buyers, take the best offer and leave with cash in hand.
As a final note, some jewelers may be able to offer a higher value for your items in the form of store credit. If you’re looking to upgrade your jewelry or perhaps purchase a gift, this can be a good way to trade up your older diamond jewelry and get something new without breaking the bank!
