Important Information for Loose-Diamond Sellers

Important Information for Loose Diamond Sellers

A diamond is a thing of beauty and a joy forever. But for smart people, selling their diamonds to diamond buyers can also be a great business proposition. Even if you are not in it as a business, you might need to sell a loose diamond or a diamond ring you own. These are a few things to keep in mind when you want to sell loose diamonds or diamond jewelry :

Read Up – Before selling your diamond, the first thing you should do is to gather as much knowledge as possible about it. The internet is a repository of all the knowledge you need. But we would also recommend that you supplement it by reading some books on the history, the science and the economics of diamonds, especially loose diamonds. That will help you get the best price.

Go Local – You needn’t go to Antwerp or New York to sell loose diamonds. In your own city you can search for reputable and dependable wholesalers who are ready to buy loose diamonds for a fair price. For example, here in Dallas, you can trust the well-recognized retail and wholesale jeweler Diamond Factory Dallas.

Learn about Diamond Shapes and Sizes – Anyone who has a good knowledge about diamonds will tell you that diamonds can come in a wide variety of shapes, sizes and even colors. Depending on whether you want to sell a single loose diamond or some diamond jewelry, you need to understand the different glitter, durability, hardness and cost of different kinds of diamonds before you initiate discussions with a diamond buyer.

Go for Volumes – If you’re looking to sell not just one loose diamond but multiple loose diamonds, it is much smarter to speak to the buyer about selling to him in lots rather than one at a time. If you are providing volumes, you could be able to negotiate a stronger price. You could even look for good deals at any trustworthy diamond factory.

Invest in an Appraiser – Even if you have developed a good knowledge of loose diamonds, a second opinion of another expert wouldn’t hurt. That is why it makes sense to enlist the services of an appraiser before you go to sell a loose diamond. This gives you a bulwark against possible errors of judgment. The money you spend on the appraiser’s fees will likely come back to you through the sound judgment the appraiser will help you make. You wouldn’t want to short sell your Grandma’s diamond ring, would you?

Sell Smartly – If your intention is to sell loose diamonds, try to avoid selling in small lots to individual stores. A better bet for you would be to go to a diamond dealer, because they can purchase larger amounts of your stock at a time. When you buy loose diamonds as an investment, sticking to a particular buyer helps to build trust during price negotiations.

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