Looking To Sell Your Valentine’s Day Gift?

Jewelry is the most popular gift given on valentines day. Although the jewels are well intended, sometimes they just don’t mesh with your style or esthetics. You could keep the jewels as a keepsake, but you could also sell the items and get what you really want. We’ve identified some things to keep in mind if you want to sell your valentine’s day gifts. These principles apply to selling all types of jewelry too! 

We’ve listed a few things to keep in mind when selling your diamonds: 

You Should Sell Your Diamonds In-person 

If you’re near a local diamond district or jewelry exchange, which most larger cities have, then call and make an in-person appointment. Selling diamonds in-person is the best option if you don’t have a trusted buyer. For reputable diamond buyers, you should be able to ship your jewelry with ease since they’re able to insure the packages for you. Also, you should ask if your buyer has an on-site gemologist. Gemologists specialize in identifying, grading, and appraising gemstones.

You Can Sell To A Pawn Shop 

If you’re not near a diamond district, then you can consider selling your jewelry to a pawn shop as most cities will have these shops. The perks of selling to a pawn shop is they’ll pay very quickly and usually in cash. However, there are some disadvantages to selling to pawn shops if you’re selling diamonds or diamond rings since jewelry is not their main business. You might walk away with a very low offer because they don’t have access to information pertaining to the current market value of a diamond. 

Auction Houses May Be A Selling Option 

Selling your jewelry to auction houses may also be an option. Keep in mind, some auction houses like Sotheby’s or Christie’s only accept certain pieces. If you have the luxury of time to wait to see if an item sells in auction, then this may be a good path for you. The process does take a few weeks and there is no guarantee of a sale. You must also take into consideration there is a commission due to the auction house for facilitating the sale. Following an auction, there must be a successful bit. If not, then the items move to another auction which could take several months. If there is a successful bit, then the auction house will take a percentage of earnings. 

Why Sell Your Diamonds to DNR

Here at DNR Diamonds we buy diamonds, diamond rings, and diamond jewelry on a daily basis. This is the core of our business. We service thousands of jewelry throughout the country and are always in need of inventory, therefore we will pay high prices for the merchandise. A majority of our clients are even out of state, trusting us enough to ship their precious jewels for inspection. 

Bottom Line

You should always do what’s best for you. Feel free to shop around, but give us a call or email with the jewelry information and let us give you an educated indication of value. You can also make an appointment to come in and we will do our best to help you. Call us at 212-308-1700.