How to determine the resale value of diamond Pieces?
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September 7, 2022There are key factors to consider when determining the right resale value of a diamond. In this article we’ll discuss those tips/steps to uncover “how to receive the best resale value of gemstones.”
Do you know? Based on current market trends, diamond resale value is very low, i.e., it falls between 25% and 50% of the original price. Why does this happen? It is because of the retail price, which includes brand high-up and brand premiums.
Fortunately, there is a big chance to grab the opportunity of getting the highest resale value on your loose diamonds or settings. How?
To know how we can determine the highest resale value of a gem, we’ve explored a few major steps, which will help you receive great profit today, tomorrow, and in the future as well.
What are the best ways to receive diamonds highest resale value?
This is genuine. Every diamond buyer wants the best quality gem which has passed all purity tests. Apart from this, there are more factors to consider for today’s trending topic. Let’s have a look!
1. Diamond certification is the top priority.
If you are a diamond dealer, then you might be familiar with gem certification. Here, we’re talking about (GIA, SGL, DGLA, IGI). These are laboratories which test diamonds for their quality and, when approved, the piece is quoted as GIA(Gemological Institute of America) certified.
Many local diamond buyers or dealers also do certification courses from any one of the laboratories to learn how to appraise precious stones to ensure purity and quality.
Always remember, before going to resell your diamond, take the gem certification paper with you. This will make your ring setting more valuable and you’ll receive sky-high value.
2. The current resale price
Picking up the correct market and time to sell gems are just as important as choosing the ideal diamond if you want to increase its resale value. The process of reselling a diamond involves a number of different steps, including auctions, pawnshops, dealers, and jewelers.
Most crucially, the value you would earn by reselling your diamond jewelry in any of the venues mentioned above depends on the correct timing and market demand. We advise you to conduct extensive online research and compare the minimum-to-maximum pricing ranges for reselling your diamond at several locations before opting for a decision.
3. Diamond’s 4Cs
The quality and purity of a diamond are determined by the 4C’s – Carat, Color, Cut, and Clarity. These things are considered, i.e., checked by a trusted lab to determine the worth and quality of the gem. Additionally, the higher the clarity or carat of a gem, the higher will be its resale value. The accuracy of a diamond is all mentioned on the certificate issued by GIA, SGL, and others.
The above-mentioned points/steps are followed when selling a diamond ring to the right buyer. These things make the precious stone more valuable. Always look for these traits and get the expected value for the piece.
Where is the best place to get your diamond re-valued?
There are a few places where you can re-sell your loose diamond and get a higher price for the piece. Let’s proceed…
- Jewelry stores
- Diamond buyers/dealers
- Auction house
- Pawn shops
- online platforms (Ebay & Etsy).
To find and learn more about diamonds, dive into our other blog posts and gain useful knowledge, while also getting to know something more about the treasure world of precious stones.
Opt for this one-stop solution.
If you’re unable to find or understand how to determine your diamond ring’s highest resale value, you can go for an antique diamond appraisal. Why appraisal? With this process, you can find your real worth of the diamond, which includes an inspection of the gem to find its quality, condition, and much more information.
A gem appraiser who is certified by GIA can give you the right evaluation session and provide you with all the relevant information for your piece.
We are authorized diamond ring buyers who have 50+ years of expertise & certified in appraising precious items. If you want to know the best price for your diamond-setting, you can contact us and receive excellent customer service either digitally or through our local jewelry shop in Florida.
We offer FREE Antique Evaluations & Antique Appraisals.
Please send us an email at info@antiquediamondbuyers.org.In your e-mail, please include as much of the following as possible.
- A High-Quality photo of your item (taken under natural light is best.)
- A Description of the item/items. Include a physical description, and any historical knowledge you may have of it along with any information you can share about the item that will help us provide you an accurate evaluation/price of the item.
- Please include your Phone number, City where the items are located, Your Zip Code.