How To Sell Loose Diamonds in New York City

Selling loose diamonds in New York City can be an easier process than selling diamonds that are mounted in jewelry. The reason is because loose diamonds have an opportunity to be graded in its original form without metals distracting its size, color, etc. Make sure the person grading your loose diamond is a certified GIA gemologist to give you the best estimation on pricing.
 

 

What Do Diamond Buyers Look For When Evaluating A Loose Diamond 

Diamond graders will look for the 4C’s when evaluating a diamond. Those are color, cut, clarity, and carat size. Each of these characteristics will help in determining your diamond value with carat size being the largest determining factor of value. Keeping in mind that carat is the unit of measurement for a diamond’s weight and not particularly the visual size of the stone. 
 
 

Find a Reputable Diamond Buyer 

To get the most money for your loose diamonds, you want to make sure you’re going to a reputable buyer who knows diamonds and the current market. Shops who don’t know the market, may be under-valuing your diamond. Check Google reviews to research reviews made by past clients and see if they had a good experience with the buyer. 
 

The DNR NYC office is located at 580 5th Ave., in the heart of New York City’s diamond district.
 
Good diamond buyers should not give you a hard fast offer without setting eyes on the diamond itself, unless your stone is GIA certified and you have a certificate accompanying the stone they should be able to provide a rough estimate. Some companies even try to lure you in with high prices, to only low ball you when you get there. 
 
For tips on how to sell a diamond, check out 4 Tips When You Sell A Diamond Engagement Ring
 
 

Manage Diamond Selling Expectations

When you sell a loose diamond, It’s unrealistic to expect to receive an amount more than what you originally paid for the diamond.  Especially if you purchased it mounted in jewelry because you also paid for the cost of the metals. So proceed with selling your loose stone with this in mind so you’re not completely disappointed. However, It is a good idea to do some price checking yourself to see what your stone is approximately selling for on websites like eBay or check out comparable online stores. 
 
 

Bottom Line 

Whether you have a loose stone or a stone that is mounted jewelry, experienced diamond buyers will be able to give you an honest quote for your precious jewelry. Make sure you trust who you are seeing and ensure that they’re willing to pay on the spot for your diamond. Don’t hesitate to ask for a second opinion if you need it. It’s important you feel comfortable in the transaction. DNR understands selling your loose diamonds can be a confusing and stressful process, give us a call today and we can help explain our buying process at 212-308-1700.