Ready to sell your diamonds? Here’s how they are valued
Regardless of which jewelry appraiser you visit, your diamonds will be valued based on a grading scale which is determined by the 4Cs; clarity, cut, color, and carat weight.
Clarity – Clarity is determined based on how clear the diamond is from chemical impurities. These chemical impurities are embedded in the diamond when they are mined. Clarity is different from blemishes which are nicks and scratches found on the surface of the diamond, not internally.
Cut – Cut is determined based on how well the diamond shines when light reflects it. Diamonds are cut in various shapes and that sizes – both of which play a role in how well the diamond reflects light. Common cuts are emerald, round, princess, cushion, pear, and marquise.
Color – Color is determined based on what tint the diamond has. Many diamonds have tints of brown and yellow – how much it’s tinted will factor into how much your diamond is valued.
Carat Weight – Carat weight is based on how large your diamond is. The larger the diamond, typically the larger the price tag.
Tips On How to Sell Diamonds
- Understand what you have – one of the first things you should do when you’re looking to sell diamonds is to see what you have. You’ll need to understand what cut, clarity, and size of diamonds you have before you sell. You can get this information by having an approved appraiser complete an assessment. Though, we recommend having 3 assessments complete, so you have a more accurate view of what you have.
- Understand pricing – when you go to sell your diamonds, you’ll want to have a realistic price on what you can sell the diamonds for. If you try to sell the diamonds for the same price as you paid, the benefits of purchasing pre-owned are outweighed and potential buyers could go to a jeweler to get brand new instead.
- Understand your options – as soon as you are ready to make the final decision to sell, you’ll want to weigh your options. With diamonds, there are two; sell to the public or to a jeweler. Figure out which is the best option for you and go with that one.