● The time to sell diamonds is now
Presently the demand for diamonds is increasing faster than the supply, causing a tension between the two. This makes it the perfect situation for you to sell your diamonds today at the best price. When you want to sell diamonds, there are a number of steps you must take to make sure you are making a smart move and getting your money’s worth. Some may choose to sell diamonds because they want to upgrade to a larger diamond carat weight, others may simply want to part with their gem due to emotional or financial reasons. Regardless of what your reasons may be, the following guidelines will help you to sell diamonds like a professional.
●Diamond prices are increasing
The developing Chinese and Indian markets are developing a taste for quality diamonds, with the purchasing power to satisfy it. The two are the fastest growing diamond markets at the moment. The sheer number of “new customers” that this has introduced to the diamond market is the main reason for the increase in demand. Adding to this, more and more financial institutions are investing in diamonds right now as the rough diamond prices have increased at a compound annual rate of 13% since 2008. From Dec 2007 up to March 2014, 1 carat prices increased by 128%, 2 carat prices changed by 125% and 3 carat prices changed by 135%. As this trend continues, it creates an ideal situation for selling diamonds.
● Getting a diamond appraisal
The first and most important step when you sell a diamond is getting a diamond appraisal from an unbiased authoritative source. We recommend going through the GIA as it is the most authoritative gem appraisal institution with an internationally recognized standard. A loose diamond grading will provide insight into your diamond’s quality characteristics such as carat weight, clarity grade, color grade and cut grade - also known as the 4Cs. On the GIA certificate that is issued after the diamond appraisal, the diamond cut grade is explained with an in-depth evaluation of a diamond’s crown, pavilion, depth, symmetry and overall measurements. In addition, the presence and intensity of fluorescence along with a detailed clarity plot visualizing the placement of inclusions and blemishes is provided as well. With a GIA certificate, both the seller and the buyer agree on the quality of the diamonds which makes it easier to reach a selling price that satisfies both parties.
● Selling your Diamond online
Once you have the diamond grading report, you can start looking for diamond buyers. The diamond experts at The Diamond Registry can help you to determine the right price for the diamond you want to sell. With the Diamond Registry you benefit from 50 years of experience and a proven track record of finding the perfect match between buyer and seller through our worldwide network. No wonder they call us “the matchmaker”. Fill out the Quote Form to receive a free quote and guidance from our diamond experts.
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