Diamonds and gold have always been in fashion. From pendants to earrings and rings, any jewelry covered in expensive diamonds or gemstones is a girl’s first preference. You could gift fine jewelry on a birthday, Valentine’s Day, or anniversary. These stones are perfect for every occasion and every person.
However, you won’t get a high value if you plan on reselling these valuable gems. The minute diamonds leave a jeweler’s store, their price drops massively. That is right, diamonds look expensive but don’t expect anything above half its original value.
Still, there are effective methods to help you get an acceptable price on your diamonds. Using the following tips, you can sell your engagement ring or fine jewelry for a higher price.
Acquire Diamond’s Certification
Purchasing certified diamonds is a necessity, or you could get into trouble later. If you plan to get custom jewelry, you need to visit an authentic store, and they always provide diamond certificates.
According to Vivid Diamonds and Jewelry, who sell jewelry in Miami, “You need to speak with an expert to custom make your perfect piece”. These experts make a replica of what you desire and provide certification.
While reselling diamonds, these certificates get you a higher price. A certificate for your diamond shows your gemstone’s authenticity. Furthermore, these diamond certificates are proof of your ring or jewelry’s value.
People are selling fake diamonds, and everyone is more cautious. If you don’t have a certificate, your potential buyer will doubt your jewelry’s authenticity and offer a lower price. So, no matter how much the diamond certification process costs, you must always obtain its certificate.
Those who don’t get certification for a diamond at purchase time can pay a reputable assessor or lab expert to get an authentic evaluation.
Clean and Repair your Jewelry
It’s advisable to clean every piece of jewelry before listing it online so that it looks new and unused. Even though second-hand jewelry will not sell for the same price as original pieces, clean and intact items are always worth more.
If you are selling your engagement ring or any other piece of jewelry, have it polished and fixed in time. Sometimes, these jewelry pieces lose their shine or have a few missing stones. It could discourage the buyer from offering a suitable price.
In both scenarios, you will bear losses. So, understand your ring’s value and keep it in shape to sell it for the maximum amount possible. Cleaning jewelry is not complicated. All you need is some soap, warm water, and a toothbrush. If you want some extra shine, have its surface polished.
Use the Stone Separately
Diamonds can sell for a higher price when sold separately from the ring. Separating gemstones from your ring or pendant, allows you to have the complete diamond and the metal band.
The extra metal will get you some extra cash, even if it’s just for scrap metal. Selling the diamond without separating it will devalue your diamond. So, act smartly and sell both stone and setting. There are fancy metals that sell at about 50% of their original value.
Even jewelers weigh the stone separately before setting a price on it. However, do not remove the stone yourself. Without prior experience and skills, you might end up damaging your jewelry. It’s better to hire an experienced technician to let everything remain intact.
Avoid the Middle Man
Most of us resell our jewelry to a store, and it’s not a smart move. Jewelry store owners have tons of items and don’t need additional jewelry pieces. Furthermore, they only buy something from you when they are sure it will sell in the future. Thus, they don’t offer a price according to your expectation.
Instead of opting for jewel shops, try to reach a reputable dealer for your rings and other jewelry pieces. Where jewelers offer you just 30 to 40 percent of the ring’s actual value, going to a dealer ensures a better offer. Thus, always jump over your jeweler and get a chance to sell your expensive goods for a significant price.
Do Some Research
Research is necessary when buying or selling jewelry. You cannot jump at the first offer. It might not be what you deserve, and there are chances of selling your precious gemstones for a higher price. However, without researching the market, you won’t be able to make a sound decision.
With adequate research, you will know the ongoing price of jewels in the market. Moreover, you get the idea about jewelry in demand. If you have an antique ring or pendant that is currently in demand, you can sell it for a better offer.
Similarly, you can check the prices of firsthand and second-hand jewelry listings during research. See what features they have and which points you can use while pitching an offer to your potential buyer.
