How To Sell Your Diamond Jewelry For Cash

What You Should Consider Before You Sell Your Diamond Jewelry

Are you thinking of selling unused diamond jewelry? If you are considering selling your old or unwanted diamonds, or diamond jewelry for cash, there are a few things you need to know before you sell: 

• What is your diamond jewelry worth?
• Is the center diamond certified?
• Is it a diamond ring or diamond jewelry?

When people are looking to sell their jewelry, they typically google the following phrases  “sell my jewelry near me” or “sell my diamond near me”. However, before you process that search, you should really search “what is my diamond worth”.

Diamond Ring Value

If you’re looking to sell a diamond ring, the value of that piece will typically be held in the center diamond. It’s best to give diamond buyers a call first, as most companies who purchase diamonds know what they’re doing and can give you a quote based on the diamond certificate if you have one. We would suggest not leaving your diamond on consignment to stores to have them display it in their showcase, and only send stones to reputable companies. 
 
The price you will receive for any diamond, no matter where you sell it, depends on many factors, and we can explain it once you contact us. It is also very important to keep in mind that the resale value of a diamond might be lower than the price you have paid for it, but it doesn’t have to be. Diamond prices have gone way up in the past year and you might even get more than what you have paid.

Appraisals vs Resale Value

Some clients come to us with an appraisal they received with their purchase or received for insurance purposes. A diamond appraisal is a document that specifies the key characteristics of a diamond and its setting, including carat, color, clarity, cut and measurements, and gives a dollar value estimate of what it is worth to replace. It’s important to understand that replacement value is very different from resale value.

Bottom Line

The most important thing when you are selling a diamond, is the people you sell your diamond to. Make sure they are reputable. Make sure to evaluate all reputable diamond buyers and read their Google reviews. Check their reviews first, since these are honest opinions of clients who have worked with them.
 
Now that you know what you have and an idea of what it might be worth, you are ready to consider selling your diamond. To get started and learn the value of your diamond jewelry, give DNR a call at 212-308-1700.