When selling a diamond bracelet for cash, you want to be sure of getting a fair price. Fortunately, this is not as hard as it seems. Selling your diamond bracelet isn’t a complicated process that requires a lot of insider knowledge.
If you simply follow the advice and tips provided in this article, you will discover that it is easy to sell a diamond tennis bracelet, antique diamond bracelets, and other diamond jewelry for a very fair price.
Selling a Diamond Bracelet vs. Gold Bracelet
The first thing to remember when selling your diamond bracelet is that its market value is more subjective than a simple gold bracelet (with no gemstones)–which will be valued solely on its weight in gold and the current gold trading price. The only exception to this rule would be for simple gold bracelets from a highly sought-after luxury brand like Van Cleef & Arpels or Chaumet.
However, if you are selling a diamond bracelet, your cash offer will be based on the resale value of your diamond bracelet. So how can you get an idea of your diamond bracelet’s resale value? The first thing to consider is who made your diamond bracelet. The more exclusive and sought-after the designer/brand, the greater the diamond bracelet will be worth (relatively speaking) on the estate jewelry market. A few of the most sought brands for diamond bracelets include Harry Winston, Tiffany & Co., Neil Lane, Graff, and Cartier.
How Much Does Size Matter When Selling a Diamond Bracelet?
An important thing to take note of when selling a diamond bracelet is the size of the diamond(s). Remember that a 1+ carat diamond is going to be worth much more than a .98 carat diamond, because a diamond of at least 1 carat is much more rare than a diamond just under 1 carat. Size isn’t everything though. The most valuable diamonds are those with both a high clarity grade (VS-IF) and a high color grade (D-J grade). In other words, you usually cannot expect much of cash return when trying to sell a diamond bracelet with diamonds that have a high color grade but low clarity grade.
With this information in mind, you can try to assess your diamond bracelet’s resale value by checking on e-Bay for similar diamond bracelets that have been manufactured by the same fine jewelry brand. However, be sure to look only at those diamond bracelets which have already been sold, rather than ones which currently are for sale, as these diamond bracelets may be priced much higher than their true market value.
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Should I Get an Appraisal Before Selling My Diamond Bracelet?
Another way to evaluate the worth of your diamond bracelet is to get a formal written appraisal. When seeking an appraisal before selling diamond rings, there are a few things to remember.
1) The cost of a written appraisal usually isn’t worth the money for a diamond bracelet that is worth less than $2,000.
2) Remember that the cost of the written appraisal is going to mean that much less money in your pocket when you sell your diamond bracelet.
3) Be sure to ask the diamond appraiser for a market (resale) appraisal of your diamond bracelet. Otherwise, you might receive a retail appraisal that is much higher than the amount you will receive from a diamond jewelry buyer.
Get a Free Appraisal Before Selling a Diamond Bracelet
Rather than getting a written jewelry appraisal, I usually recommend that clients seek a free verbal appraisal from various businesses that purchase previously-owned diamond bracelets. This includes jewelry stores, dedicated jewelry buyers, and pawn shops. Not all businesses provide free verbal appraisals of diamond bracelets. But many do, and at DEJB we are always happy to provide free diamond bracelet appraisals to potential clients.
How to Sell Diamond Bracelet: Market vs. Retail Price
If you are asking your own fine jeweler for a verbal appraisal of the resale value of a diamond bracelet that you bought from them, be sure to ask if it is the price they would be willing to buy the bracelet back from you today. Otherwise, your jeweler could cite a higher resale value because they do not wish you to know how high the retail price was on your diamond bracelet.
When selling a diamond bracelet, do keep in mind that the retail price is usually around three times that of the manufacturing cost. Diamond bracelets sold online or at advertised “wholesale” prices are still usually marked up around three times. Therefore, when you sell a diamond bracelet for cash, don’t expect to receive anything close to the original retail price or the replacement price listed on a written appraisal form for insurance purposes.
The good news is that you can get a lot more cash for diamond bracelets now than you could in the past. The higher price of gold and diamonds, coupled with the increased demand for luxury goods in Asia, means that dedicated jewelry buyers who have a global resale network, like Diamond Estate Jewelry Buyers, can get you a much fairer price for your diamond bracelets than ever before.
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Is it Safe to Sell a Diamond Bracelet Online?
Before selling a diamond bracelet to an online jewelry buyer, you want to be sure that they have a strong track record and a secure, smooth, and professional shipping process. For example, you can sell a diamond bracelet to Diamond Estate Jewelry Buyers with complete confidence and with absolutely no risk whatsoever.
We provide every customer with free FedEx Overnight shipping and every diamond bracelet shipped to us is insured to its maximum value by Parcel Pro, a UPS Capital Company which specializes in insuring high value jewelry, diamonds, and gemstones. If you decline our final cash offer for any reason, we will be happy to ship your diamond bracelet back to you at our expense.
For more information about selling your diamond jewelry online, please click on the following link: Sell a Diamond Bracelet From Home.
The 4 Steps for Selling a Diamond Bracelet for Cash
Here is a quick summary of the basic steps involved in getting a fair price when selling a diamond bracelet for the cash that you deserve:
1) See if you can find a sold listing for the same or similar diamond bracelet manufactured by the same jewelry brand. If found, this gives you a ball park figure to work from—though often an e-bay price is slightly higher than the average resale market price for diamond bracelets.
2) Research online the jewelry stores, dedicated jewelry buyers, or pawn shops in your area who purchase previously-owned diamond bracelets, as well as national fine jewelry buyers. Select the top three or four who advertise as offering free diamond bracelet appraisals.
3) Contact each business via phone or email. Describe the diamond bracelet that you wish to sell, and request a free verbal appraisal and cash offer.
4) Select the business who makes you the best cash offer your diamond bracelet.
What About Auctioning My Diamond Bracelet?
Selling your diamond bracelet via an online auction or diamond brokerage service can appear like the most profitable way to sell your item. However, the amount of cash you receive could be much less than what you deserve. Learn the reasons why auctions are often not the best way to sell your diamond ring, necklace, or bracelet:Should I Auction My Diamond Bracelet?
Get a Free Diamond Bracelet Appraisal Now
You can arrange a free verbal diamond bracelet appraisal by contacting Diamond Estate Jewelry Buyers now. We look forward to earning our reputation for best cash offers with you today.
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Diamond Estate Jewelry Buyers is the best place to learn how to sell a diamond necklace, bracelet, and earrings for the cash that you deserve.