Great Tips For Getting the Most For Your JewelryWhen it comes to selling jewelry, you have plenty of options, but not all of them are going to result in getting what you deserve. Selling to friends or family members, for instance, could result in significant price drops. And selling online via sites like Craigslist could leave you with nothing. Instead, you need to work with reputable jewelry and diamond buyers. In addition to working with someone who knows what they’re talking about when it comes to buying and selling jewelry, there are plenty of things you can do to maximize your returns. Here are some terrific tips for selling your jewelry to reputable diamond buyers and getting plenty of cash in return:
- Make sure you’re okay with selling your jewelry — Certain pieces of jewelry have much more sentimental value than actual value. But even expensive pieces could mean more to you emotionally than their price tag. Instead of just selling every diamond and piece of jewelry you have, set aside any piece that means more to you. It will be worth it in the long run. Getting a few extra bucks is always nice, but passing down a diamond to your grandchildren is priceless.
- Do a lot of research — If you are going to sell diamonds or other pieces of fine jewelry, you are going to need to do a lot of research beforehand. Even if you find a reputable buyer, do a quick search online and make sure they are registered with the Better Business Bureau or the American Gem Society. Plus, research your individual piece of jewelry, as well.
- Make sure your jewelry is in good condition — Before you bring your jewelry into a reputable shop, you might want to take a look at it yourself. If all your pieces are worn-down, you’re probably not going to get too much for them. If you can clean them and shine them a little, however, that could make all the difference in the world.
Diamond Quality Factors: Cut, Carat, Color, and ClarityDiamonds are mysterious, beautiful, and can be quite valuable. They are great for selling if you’re hoping to earn some quick cash. Just because you have a big diamond ring, however, doesn’t mean it’s worth much. That being said, you could be holding onto a very expensive piece of jewelry. Because these diamonds can be so valuable, it’s imperative that you work with trusted jewelry buyers who can help you determine the exact quality of your diamond and how much it is worth. Here are the four factors that determine a diamond’s quality:
CutThe cut of a diamond pertains to aesthetic importance. Though this factor can be subjective, a well-cut diamond can dazzle at every angle as the diamond interacts with light. “Keep in mind that a well-cut diamond will have more life and sparkle than one with a lesser cut quality,” said the American Gemological Society (AGS). A “perfect” cut encompasses three optical effects: brightness, fire, and scintillation. Brightness is the white light reflecting off a diamond. Fire refers to the flashes of color a diamond displays as light refracts. And scintillation is the play between the light and dark areas of the diamond.
CaratCarat is essentially the weight of a diamond and is the most objective quality factor. Diamond experts use a calibrated digital scale to measure a diamond’s carat weight. Diamond weights are in metric carats (ct) and one metric carat is 0.2% of a gram — which is just over 0.007% of an ounce. A paper clips weights about one carat. The carat scale is divided into 100 points (a point is one-hundredth of a carat) and diamonds are weighed to a 0.001% of a carat and then rounded to the nearest point. Since large diamonds are rarer than smaller pieces of jewelry, they often cost much more — especially if the other three C factors are satisfactory, as well.
ColorA diamond with a lot of color is actually a very poor quality diamond. Since colorless diamonds are rare, they are more valuable than their colorful counterparts. The majority of diamonds have shades of brown or yellow but they can be invisible to the untrained eye. Which is exactly why working with jewelry buyers is recommended, because they are specifically trained in determining a diamond’s color rating and overall quality.
ClarityA diamond’s clarity rating takes into account inclusions and surface imprecations. Typically, lower clarity quality means inclusions can be easily spotted, but it takes a professional appraiser to determine a quality diamond’s clarity. Diamond clarity grades include:
- Flawless (FL)
- Internally Flawless (IF)
- Very, Very Slightly Included (VVS1 and VVS2)
- Very Slightly Included (VS1 and VS2)
- Slightly Included (SI1 and SI2)
- Included (I1, I2, and I3)