There are actually numerous ways to sell diamonds. The internet can be a big resource. Craigslist as well as E-Bay are wonderful places to place your photos. You can use the bidding system or place a price tag. Social media can be utilized as well. Furthermore, you’ll find lots of sites that are ready to buy diamonds. Off line approaches to sell diamonds include local newspaper advertisements, referrals, and checking with neighborhood jewelry retailers. Pawn stores are rarely a reasonable option. They would likely pay pennies on the wholesale dollar value.

Prior to selling expensive diamonds some necessary footwork is necessary. Get an assessment and request a Rapaport value. It’ll give the highest possible value a diamond could sell for. An individual reselling a “used” diamond isn’t going to get this price yet it is valuable information. Additionally, the original retail purchase price may have had a mark-up as high as 200% over the jeweler’s wholesale price.

If you’re reselling diamond by yourself, you must never meet a potential unfamiliar buyer at home. You will never allow the diamond get out of your sight as well.