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Effective ways to sell diamonds

If you happen to live in New York, you may have observed over the last couple of years that lots of jewelers have begun buying diamonds at great prices. Many diamond owners may be pleased to know that gold isn’t the only investment-worthy precious metal any more. Thousands of jewelers all around the world have started to realize the potential of diamonds. For example, you can sell a jewel, or you can even sell diamond wedding ring in New York. The best time to sell may be now.

sell diamond wedding ring in new york

Of course, anyone that’s interesting in selling a valuable item should do his best to know how the market operates and changes. Don’t fall into the trap of thinking that your diamond will make you a fortune. There are lots of diamonds that are worth thousands or even millions, but they are few and far between. Many sellers sometimes even don’t know that their diamonds are actually fakes! However, having unrealistic price expectations for your diamond ring is the fastest way to get disappointed in this industry. Never run off to your nearest jewelry store to sell your diamonds. Many jewelers can easily tell which sellers aren’t aware of their diamond’s true worth. If you don’t know anything about precious metals and stones, we recommend researching before taking your diamond ring to a jewelry store. If are interested in selling a diamond or a diamond ring, online jewelries can sometimes be more convenient than traditional stores.

It doesn’t matter if you are selling online or not, it is always a good idea to have an appraisal. When taking your diamond ring to a professional, ask how much the stone might be worth in specific markets and circumstances. Many professionals are able to give you great selling strategies.  A certified appraiser will always be aware of current market trends and can help you understand the true worth of your precious stone.

Alternatively, it is always a great idea to gather information by your own. Be constantly looking out for prices of completed eBay sales for diamond jewelry that shares similarities to your own. We also advice checking out comparable new diamonds in different conventional stores and online, and factor in a discount for your valuable jewel. Most importantly, you should always keep in mind that the only reason anyone will buy your diamond is because of profit. If this wasn’t the case, they would rather buy it new.

Disclosure: This is a guest post. An admin fee was processed for the editing and publishing of this article.

Jamie Howe

Saturday 2nd of March 2013

I didn't even think about selling diamonds. Thanks for the suggestion.

Wayne D. Prentice

Thursday 28th of February 2013

Today with technology, diamond wholesalers, retailers, and "Prosumers" - Investors stay informed by use pricing tools like the DiamondMaster App for monitoring diamonds global wholesale "list" values in 11 foreign currencies, in exchange to gold's annual moving average, and in IMF's SDR the basket of currencies unit. Diamond "global values" essentially un-pegged from the US Dollar when using the DiamondMaster App. (

Denise Taylor-Dennis

Thursday 28th of February 2013

I never knew you could sell diamonds like gold. Wish I had some to sell LOL.

A Mom's Take

Thursday 28th of February 2013

I know, makes me tempted to sell my wedding ring! I can't wear it since I have metal sensitivities so it just sits around anyways.

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