How much can I sell my diamond for?
There is no single answer to the above question as several factors can influence the price of a diamond. It can range from a few hundred to millions of dollars.
The only way to determine the price of a diamond is to observe it closely and assess all the aspects listed below.
Once you do this you will have the answer to the question ‘How Much Can I Sell my Diamond For?’
If your diamond is chipped, cracked, broken or has any other deformity, its value will sink whereas if it looks new its value will remain high. The buyer will need to fix it before reselling.
A diamond with a modern symmetrical cut will definitely fetch you a high price. But one with an outdated cut might not fetch the same value because it won’t have the same demand.
If the style of the old cut is still in demand then you might get a good deal, but if it needs to be recut to give it a modern look then you will need to find diamond cutters near you. Recutting a diamond requires an investment of time but can pay for itself in the end. Asymmetrically cut diamonds might also require a recut.
Who you are selling it to
You need to remember that you won’t get paid the exact value your diamond is worth when you are selling it to a pawnshop or diamond resellers. This is because they will purchase your diamond and resell it. To ensure they make a profit you will need to agree to a price slightly lower than its value.
The way to get the best value when selling your diamond is to sell it to a professional diamond cutter or buyer. This is because they will assess your diamond’s value for free and be able to pay for not only its current value, but also see what its potential worth is. You’ll also avoid the massive discounts you need to offer when you sell it to someone you know.
Compare your diamond against the above factors and soon you will have the answer to the question ‘How much can I sell my diamond for?’ For a more accurate assessment contact us today and we’ll be glad to give you a free appraisal and cash offer.
Did you ever sell a diamond? How did you assess its price? Please leave your comments below.