“A diamond is forever”, but not for all. Whatever be the reason behind your decision to sell your diamond, selling the material isn’t as easy you suppose it to be. Because the stone is so precious, a lot is involved. If you are cash-strapped selling the stone can help you to get rid of the crisis. The escalating taste of Chinese and Indians for the precious stone has led to the rise in its price in 2011. No doubt now is the ideal time for you to sell that beloved stone of yours.

4 Quick Tips To Understand Your Diamond Prices In UK

• Understand Your Stone
  
  Not all the old rings are valuable; neither is all white crystal stones diamond. Check the authenticity and quality of your stone before rushing to the market. Look for a qualified appraiser for an unbiased opinion about the characteristics and condition of your stone.
  
  Understanding its positive and negative attributes can help you a great deal in understanding its real value. If you are not aware of diamond prices in London, visit 2-3 shops and ask for their opinion.

• Selling Options Available
  
  You have two options if you are willing to sell that precious stone of yours; sell it either to the public or in the jewellery industry. The priority is not about getting the highest price, but how quickly you can settle the deal is all that matters. Being able to trust your buyer and negotiation is a must.
  
  If you want to sell the stone quickly with minimum fuss, sell it in the jewellery industry. Try checking their Better Business Bureau Rating and whether they are a member of the American Gem Society.
  

• Set A Reasonable Price
  
  If your focus is on selling the stone without disappointment then quoting a realistic price is a must. The best you can do is to take the aid of Diamond Price Calculator in UK and gather an estimate about the price of your stone.
  
  Those opting for an unbiased appraisal can ask how much does the stone worth in specific circumstances and market. A reliable appraiser aims at following the current market trend before deciding the price.
  

• Make Yourself Emotionally Ready
  
  Irrespective of it being your engagement ring or not, the stone is a symbol of sheer passion and love. But you have to keep your emotions at bay if you are planning to sell it.
  
  Though diamond prices in UK are high, don’t sell if you are not ready to part with it emotionally. If the stone has many memories but least sentimental value, then selling it is the ideal thing to do. It was a vital part of your life once, but not now and so you need to move on.

The tips stated above can help any buyer understand what they actually have and whether they are yet ready to sell.

Related Topics: 

• The Brexit Impact on Diamond Prices in the UK: What’s Happening?
• Diamond Price Calculator: Here’s How To Make The Best Use Of It
• Are You Going to Sell Your Diamond? What Price You Can Get?

Want to sell off your diamond? You must be in search of the correct shop then? But did you know that diamond has different prices for different kinds of seller and, that you might be losing too much of profit if you are in a hurry?

This is what we would be discussing here. So, what are the different prices for diamonds?

• Cash price:
  
  Say you are in a hurry, and heading to a jewellery store for selling your diamond. Do you know how would the store owner do business with you? Here is the real picture.
  
  Any jewellery shop owner has a wholesaler of diamonds, and he prefers to borrow the gem only from his selected wholesaler. And, the owner would only give the money when the jewellery is sold out. In accordance to the profit he makes, the owner would calculate his profit margin and pay for the diamond to wholesaler giving him some profit as well.
  
  This is the process of making business, in diamond jewellery. Now, when you come to the store and demand to sell the gem, firstly the owner wouldn’t take it, if does it can arouse many trust issues with his wholesaler. So, in this case, you can only sell off the diamond if you offer it at a lesser price.
  
  If you ask him to reason you, he would say that he is doing the business with you out of sheer risk. He does not know when and how can he sell it to another customer, so that might be a problem for him. Now, on your part this will be a unprofitable deal.
  
  Remember, the higher the risk, the lesser is the amount that you get for your gem stone.
  
• Call Price:
  
  This price is decided when the owner manages to select a buyer for your stone. It happens quite rarely when the jewellery store owner thinks of searching a customer for you and for himself. In this case the risk is slightly lesser than that of the cash price. But, this somehow doesn’t mean that you will be getting a very good amount for your gem.
  
  Generally, you get a 20% of the resell value for your diamond, in the minimum. But, in such cases you might get a fairly 15% of the price. Because, the jewellery store owner takes a part of commission from your profit. After all, he brings the customer and plays the middle man in the entire transaction.
  
  If you are in need of the money in a day or two, then you might go for this price.
  
• Business Price:
  
  When you have many uncertified loose diamonds and you wish to get a good sale, then you might go to a store with them and negotiate over a price. The negotiated price that the store owner agrees upon is the business price for the gem.
  
  Are any of the above prices making a good profit? Don’t think so.
  
  When you search for places that buy jewellery you might think where to get the exact price, hence we come to the conclusion that the perfect and profitable price is got when you do a business with the second hand manufacturer of the gem stone. They generally have sister companies which are always in need of diamonds and the demand is not easily fulfilled by the diamond wholesaler, so they would search for extra diamonds.
  
  Bunk the idea of jewellery store and definitely never go for the pawn shops. Choose a reputed second hand manufacturer for your diamonds and have a great deal.

Diamonds are really not for the faint-hearted. Neither the purchase of the gem is easy, nor the selling. So, which one are you? Brave enough to sell off your unused ring? These might help you.

Parting with a diamond is a heavy deal. You have to be emotionally strong. Having said that, the situations might be as such that you might be compelled to sell it off, what would you do then? You might not be a professional when you’re dealing with the gem.

So How to Get the Best diamond Prices?

To this, get the following calculation.

Cost of a Diamond = Carat Weight x Diamond Price per Carat

Here, you must know the only factor on which a diamond’s price might depend on is the 4-Cs. Yes, this is quite common as a phrase, and is quite know to all. So, let’s just get a bit deeper to give you enough light in this context.

As per the calculation, you will see that the cost of the diamond is majorly depended on the carat weight, then what about the other 3-Cs?

This might raise your eyebrows. So, here we shall explain how money for diamond changes depending on the 3-Cs, which again affects the carat and hence changes the price.

How colour is affecting carat?

You must know that every diamond is unique and special. The minimal differences make them different; hence slight difference in colour would also make a dramatic change in the price. 

The yellower the diamond, the cheaper gets the rate. You can look at the chart below to know the scenario.

Do you know what a master stone is? You have a chance of getting paid by maximum rate if your stone is a master stone. Considered as the most whitish diamond, such master stones would be graded as ‘D’ in the scale below:

How is clarity affecting the carat?

If you want the perfect rate of diamond today when you sell off your gem, then you must know that clarity is directly proportional to the carat value of it.

Diamonds are regarded as ‘flawless’ only when a skilled grader doesn’t find any visible inclusions or blemishes when examined under 10-power (10X) magnification. 

How is cut affecting the carat?

A beautifully cut diamond would make be like a spectrum, emitting light from everywhere. Dazzling light from everywhere, it displays the talent and sharpness of a craftsman. Every angle and every facet should disperse when it comes in contact with light.

Just like the image below:

So, when you need to increase the value of your gem, all you need to do is get the 4-Cs checked. Once, you have them in order, it will automatically increase the carat weight and hence, increasing the value of your gem. Though it might take some time and investment, but when you sell it, the amount will be the double.

So, think not and start focusing on the factors mentioned above.

Have a happy deal!

Living in London has its own perks. Many well-known pawnshops have made the exchange business easier. So, are you thinking of selling your diamonds in one of those? Do you think this will be a profitable deal? Guess, no!

Jewellery has always been considered as one of those extravagant buys of man’s life, which he forever wants to retain. The legacy of his family wearing the same jewellery ages after ages elevates the value of the ornament, all the more.

But, due to many unintended reasons, there might come a time where you have to give away your most possessed jewellery for the sake of money. Would you go for any non-certified shop and sell off your diamonds at a lesser rate?

Always remember the pawnshops and the retailers are sitting there to make a profit out of you.  Now, how can you save your back?

Thinking about Where to Get Cash for diamond Jewellery in the UK?

Here is the deal:

The goal for every diamond seller is to take the best possible price from the buyer. And, in order to get that, you must look for certain characteristics. Especially, it becomes extremely important that you work with a respected company that has specialised in diamonds and has a reputation in the market.

So, complete these four steps and you are there:

1. Search for a company that has GIA graduates on board.
   
   When you know that the company has GIA certified people on board you know that your diamond will get a good rate. Since a diamond has to go through the complexities to know its real worth, it is better to consult a specialist.
   
   When it comes to the selling of the gem, the experts have to calculate the degree of the diamond. And, the grading industry depends upon the 4-Cs, namely, color, clarity, cut and carat. Do you think it is an easy task that the owners of pawnshops can do? Certainly not!
   
   Hence, go for only the certified people.
   
   

2. Don’t go for the stores that say Cash For Gold

Oh please, never go for the shops that advertise Cash for Gold. Such shops are for gold transaction only. If you take your diamond jewellery to them, then there can be two instances:

• They will give you a nominal amount for the ornament.
• They will not see the grade of the gem and would rate the entire ornament by its weight. And, you must know that diamond has a minimal weight, and the main weight will that be of the gold.

In both the cases, the price and the transaction will not be a good one. Gold can be easily exchanged for the money as per the market price. But, diamonds are pretty complex.

3.    Research is the only keyword.

Google can help you get hold of the trustworthy names in this business. Search with keywords like where to get the Best diamond Prices in the UK and you will get them.

Fill their online form and get an estimate for your diamond. If you are happy with the price they are offering then go ahead with the deal, or else step back. Take some time and go for some companies so that you get a fair idea of your selling price.

4.    Don’t go for companies who are offering too big a price.

You have a sixth sense, everybody does. If you are dealing with a company that is offering you a hefty amount then beware they might be fake. Online transaction and taking your gem for certification might land you nowhere.

So, keep these points in mind:

• Pick a company who can be contacted by phone. You don’t have to mail them and sit back for a week to get a reply. They should be easily accessible to you when you are dealing with your diamonds.
• As said earlier, spam or delete those emails, which promise high price for your diamonds.
• And, lastly, you must go for companies that send you the money within the same day.

So, when you finally think over a company, check its roots. Family-owned companies are considered to be the best in this regard. 

Have a safe and profitable deal!

Do you have loose diamonds and diamond jewellery that are not certified? You might some idea about the difficulties of selling them if you have tried before. Most of the buyers want jewellery that are certified by GIA, HRD, IGI, EGL, etc. that were not even introduced before 1970. So, what should you do if your precious stone is more than fifty years old?

Look for Uncertified Diamond Buyers Online

A good number of people are seeking the help of online diamond buyers to sell their uncertified diamonds. The main reason why you should sell your gem to them is that they pay more than anyone else.

They are specialised diamond buyers and have managed to acquire a good number of customers with the help of their websites.  This is why it is easy for them to pay you more than the local pawn shops or jewellery buyers. Besides this, if you have the question” how to sell my uncertified diamonds and diamond jewellery easily?”, online stone buyers is the answer.

Qualities of a Diamond Buyer Online

• As your uncertified stones are not graded, you should know the grades of them before selling them online. Thus, the buyer should have fully trained gemologists to determine the grade and the correct market price of the gem.
• The professional should be a member of GIA, HRD and British Jewellers Association. The company should also have the membership of the trades diamond inventory system Rapnet. Being the member of all these organisations, the company will have the knowledge of the exact market price and can offer you the maximum value.
• The professional should have in-house equipment to test the colour, purity, fluorescence and weight of your uncertified stone.
• The company should buy Georgian, Edwardian, Victorian diamond without any certificate.
• If you feel your precious gem is worthy of certification, the professional should offer you a facility of certificating your diamond. The buyer should send your gem to the GIA or to HRD, the renowned certificating houses.
• If you are to sell your Certified diamonds, they should also help you with that.

Tips to Sell Your Uncertified Stones Online:

• If you have more than one stone, you should pack each of them separately. The reason behind it is that during shipping, the stones will be moving and you have to ensure that they don’t rub together.
• Many people have loose uncertified stones of a similar kind. If this is the case with you, sell all the stones together. It will prove to be more beneficial for you as stones that are similar can be used in a single piece of jewellery.
• Don’t take a quick decision. You may be forced to wrap up the deal quickly, but you should take your decision after checking all the above-mentioned qualities of the buyer.

So, now that you know, where to sell your uncertified stone, you should also try to find out a trustworthy buyer. To do this, check the customer reviews on various websites.

Putting your diamonds up for sale involves a lot of shilly-shally. Hesitation is normal and as intense as the reasons. You could sell it because you don’t like the design anymore, or desperately need cash, or even want to get rid of the bad memories associated with it.

Nevertheless, uncertainty could prevail and deter you more if you are not sure of WHERE to trade them safely. Even if you plan hard, things might not go as per. Don’t fret. Towards the end of this write-up, you’ll be free from all doubts and able to have a profitable bargain for your gems.

Here are your options in a nutshell:

1. Mom-and-pop shops.
2. Pawnbrokers.
3. Local Jewellers.
4. Auction and private sale online.
5. Professionals in the second-hand market.

Wondering where to sell your jewellery? – Try Mom-and-Pop shops.

These shops are small, and often run by married couples who deal with small-sized consignments. If you are not much in a hurry and taking your sweet time to decide where to sell jewellery, such shops could be your best bet.

They are earnest, safe, family-owned, and reliable. The only glitch with them would be, you might have to wait for the ornament to sell and get your money. Are you willing? Go on if it’s a yes.

How about pawnbrokers?

They are a popular option as well. However, the problem with pawnbrokers is, they aren’t much aware of diamonds and their characteristics. They won’t be able to help you much with an accurate price estimate.

Moreover, it is said that they offer very little in return of the jewel. Not their fault; they have to pay for their employees and store, remember? And this is how they balance the budget. Would you exchange the stone for cash at a pawnbroker’s shop? Think again.

Where to sell your diamond jewellery? – Could local jewellers help?

After pawnbrokers, people often put their trust on local jewellers. They believe, these ‘experts’ can guide them through the sale and bring about handsome cash. Wrong. In terms of expertise, they are even with the pawnbrokers.

Their consumer base is small because of which they are not able to offer top dollar for the gem. Their resale potential is very limited and they are ever afraid of the likeliness of tumbling to a loss. Still considering them for where to sell diamond jewellery? Things could go haywire as not all local jewellers are interested in all gems.

Are auctions and online private sales reliable?

Although ‘online’ seems like a convenient option, we cannot call it 100% reliable. There are two ways to do it – auction and private sale. Let’s talk about the disadvantages. Firstly, such sites are generic, meaning, they are not ‘experts’ in dealing with the precious stone.

You might have a difficult time hunting for potential buyers, let alone getting a good bargain. Secondly, these sites can barely calculate the price accurately. You could end up selling off the gem at a loss. Even worse, because the final price is never negotiable.

Never expect a quick sale from them. Like mom-and-pop stores, they too might demand that you wait for a long time. Thirdly, the trust factor comes into play. Please keep in mind that it’s a money matter. Better be safe than sorry.

Second-hand market experts sound promising for the ‘where to sell my diamond’ query, don’t you think?

Websites that offer such services employ GIA-trained expert gemologists. They can come up with the best possible price through a systematic process. There’s no overhead expense like that in pawnbrokers and local jewellery shops.

Your ‘where to sell my diamond’ query is aptly answered by them at the earliest. So, you can hope for a quick sale. Most of them work by sending an interested seller an ‘insured diamond pack.’ This is where the seller is supposed to put his precious stones and send it back to them.

Once the company receives the gems, they are valued and the estimate is sent to the owner. The latter is asked to give his bank details only when he accepts the offer. If not accepted, the gems are returned free of cost and again, in an insured pack. Could it get any safer?

Hope this write-up has cleared all your doubts about the safest and most profitable place to sell your precious jewellery. Have you ever experienced any of them? Do you want to suggest a better way? Tell us all about it in the comment section below.