Sell Your Diamond Back to Your Jeweler
Reselling Your Diamonds There are many reasons why you may be looking to sell your diamond back to a jeweler.
Maybe you have had the same diamond for 15 years and you are ready to trade it in and upgrade to a larger better quality option.
Times could be tough with the current recession and you may be just searching for quick cash options.
Maybe you inherited some diamond jewelry and you will be using to pay off current debts.
Or unfortunately, you could be divorced and want to relieve yourself of all the old memories.
No matter what the reason, let's talk about what to expect when selling your diamonds back to a jeweler or pawn shop.
First, understand that there are thousands of people selling their diamonds just as you are.
Jewelers and pawn shops see anywhere from 20-100 diamonds a day from consumers looking to sell them back for different reasons.
Second, expect to get 60% less cash back than what you originally paid for the diamond.
In order for the jeweler to make it worthwhile to help you out he must make a purchase at wholesale or below wholesale pricing.
He may purchase the diamond back from you and it is very likely that it could sit in his inventory for another 2-3 years before it is resold.
Third, be ready to talk about trade in options.
For many, they upgrade their diamonds just as many times as the upgrade their Honda Accord.
It is possible to get more value for your current diamond if you trade it in and purchase a larger diamond.
Ask for these options when you bring it in to be evaluated.
Fourth, bring the certificate that came with your original diamond purchase.
Your diamond is more valuable if it is already certified and if you bring in the certificate.
This will make it easier for the jeweler to make an offer for your diamond.
Fifth, have a number in your mind that you would like to receive for your diamond and if you have time don't be afraid to shop around to 2-3 places.
Keep in mind, an offer may change if you come back to the same jeweler at a later date.
In conclusion, diamonds will always equate into cash.
It can be a great option to sell your diamonds and jewelry if you are short on cash but be prepared before you get offers.
You may be able to get more money by selling it to a family member or friend.
I hope you don't have to sell your diamonds out of need but rather because you would like to upgrade to a bigger and better diamond.
Your Diamond Insider
Maybe you have had the same diamond for 15 years and you are ready to trade it in and upgrade to a larger better quality option.
Times could be tough with the current recession and you may be just searching for quick cash options.
Maybe you inherited some diamond jewelry and you will be using to pay off current debts.
Or unfortunately, you could be divorced and want to relieve yourself of all the old memories.
No matter what the reason, let's talk about what to expect when selling your diamonds back to a jeweler or pawn shop.
First, understand that there are thousands of people selling their diamonds just as you are.
Jewelers and pawn shops see anywhere from 20-100 diamonds a day from consumers looking to sell them back for different reasons.
Second, expect to get 60% less cash back than what you originally paid for the diamond.
In order for the jeweler to make it worthwhile to help you out he must make a purchase at wholesale or below wholesale pricing.
He may purchase the diamond back from you and it is very likely that it could sit in his inventory for another 2-3 years before it is resold.
Third, be ready to talk about trade in options.
For many, they upgrade their diamonds just as many times as the upgrade their Honda Accord.
It is possible to get more value for your current diamond if you trade it in and purchase a larger diamond.
Ask for these options when you bring it in to be evaluated.
Fourth, bring the certificate that came with your original diamond purchase.
Your diamond is more valuable if it is already certified and if you bring in the certificate.
This will make it easier for the jeweler to make an offer for your diamond.
Fifth, have a number in your mind that you would like to receive for your diamond and if you have time don't be afraid to shop around to 2-3 places.
Keep in mind, an offer may change if you come back to the same jeweler at a later date.
In conclusion, diamonds will always equate into cash.
It can be a great option to sell your diamonds and jewelry if you are short on cash but be prepared before you get offers.
You may be able to get more money by selling it to a family member or friend.
I hope you don't have to sell your diamonds out of need but rather because you would like to upgrade to a bigger and better diamond.
Your Diamond Insider
