When selling a diamond necklace for cash, you want to be sure of getting a fair price. Fortunately, this is not as hard as it seems. Selling your diamond necklace might seem like a complicated process that requires a lot of insider knowledge. But if you follow the advice in this article, you will see that it is easy to sell a diamond necklace for a very fair price.
Selling a Diamond Necklace vs. Gold Necklace
The first thing to remember when selling your diamond necklace is that its market value is more subjective than a simple gold necklace (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 necklaces from a highly sought-after luxury brand like Cartier or Buccellati.
However, if you are selling a diamond ring, your cash offer will be based on the resale value of your diamond necklace. So how can you get an idea of your diamond necklace’s resale value? The first thing to consider is who made your diamond necklace. The more exclusive and sought-after the designer/brand, the greater the diamond necklace will be worth (relatively speaking) on the estate jewelry market. A few of the most sought after diamond jewelry brands include Harry Winston, Tiffany & Co., Neil Lane, Graff, and Cartier.
How Much Does Size Matter When Selling a Diamond Necklace?
An important thing to take note of when selling a diamond necklace 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 necklace with diamonds that have a high color grade but low clarity grade.
With this information in mind, you can try to assess your diamond necklace’s resale value by checking on e-Bay for similar diamond necklaces that have been manufactured by the same fine jewelry brand. However, be sure to look only at those diamond necklaces which have already been sold, rather than ones which currently are for sale, as these diamond necklaces may be priced much higher than their true market value.
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Should I Get an Appraisal Before Selling My Diamond Necklace?
Another way to evaluate the worth of your diamond necklace 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 necklace 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 necklace.
3) Be sure to ask the diamond appraiser for a market (resale) appraisal of your diamond necklace. 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 Necklace
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 necklaces. This includes jewelry stores, pawn shops, and dedicated jewelry buyers. Not all businesses provide free verbal appraisals of diamond necklaces. But many do, and at DEJB we are always happy to provide free diamond necklace appraisals to potential clients.
How to Sell Diamond Necklace: Market vs. Retail Price
If you are asking your own fine jeweler for a verbal appraisal of the resale value of a diamond necklace that you bought from them, be sure to ask if it is the price they would be willing to buy the necklace 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 necklace.
When selling a diamond necklace, do keep in mind that the retail price is usually around three times that of the manufacturing cost. Diamond necklaces sold online or at advertised “wholesale” prices are still usually marked up around three times. Therefore, when you sell a diamond necklace 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 necklaces 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 necklaces than ever before.
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Is it Safe to Sell a Diamond Necklace Online?
Before selling a diamond necklace 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 necklace 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 necklace 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 necklace back to you at our expense.
For more information about selling your diamond jewelry online, please click on the following link: Sell a Diamond Necklace From Home.
The 4 Steps for Selling a Diamond Necklace for Cash
Here is a quick summary of the basic steps involved in getting a fair price when selling a diamond necklace for the cash that you deserve:
1) See if you can find a sold listing for the same or similar diamond necklace 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 necklaces.
2) Research online the jewelry stores, dedicated jewelry buyers, or pawn shops in your area who purchase previously-owned diamond necklaces, as well as national fine jewelry buyers. Select the top three or four who advertise as offering free diamond necklace appraisals.
3) Contact each business via phone or email. Describe the diamond necklace 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 necklace.
Get a Free Diamond Necklace Appraisal Now
You can arrange a free verbal diamond necklace 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 ring, necklace, and earrings for the cash that you deserve.