Unfortunate circumstances can leave your strapped for cash when you least expect. For instance, you can end up draining your savings to pay for a terminal illness that is not covered under insurance. Such circumstances may leave you with no other place to look for cash but to sell your assets. When it comes to assets, you wouldn’t want to sell your home. If you have diamonds or any fine jewelry, you can sell them for cash to get relief over the trying period.
Selling fine jewelry is one of the fastest ways of raising quick cash when you have a financial emergency. There are a number of websites that connect jewelry buyers and sellers, which you can use. If you prefer doing business with a buyer in person, you can take your jewelry to a diamond dealer or pawn shop.
The last few years have seen an increase in the demand for diamonds and fine jewelry all across the world. This is the reason may jewelers are skipping wholesalers and buying their stock from members of the public. However, despite the high demand for diamonds, selling them is not easy for the average person. Determining the true value of a diamond is challenging and this is why selling may not be as easy as selling gold is. If you have not sold any fine jewelry in the past, it is easy to be confused and overwhelmed with how to measure the value of your item.
You should know the value of the diamond you want to sell.
How Much is Your Diamond Worth?
There are many things that can determine the value of your diamond jewelry. The diamonds you inherited from your grandmother may not be as valuable as you believe they are. For this reason, you should get an accurate value of the stone before you start searching for buyers. The authenticity and quality of the stone will determine its value.
You can hire a jewelry appraiser to inspect your diamond to determine its value. Ideally, you want to get help from an appraiser that does not engage in buying or selling diamonds. Such a professional will give you an honest opinion of the condition and characteristics of the stone. Moreover, he will also educate you about the negative and positive attributes of the jewelry that may affect its value on the market.
It is not always a must to hire an appraiser if you want to know the value of your diamond. For example, you can take the jewelry to a pawn shop or a professional diamond seller to get it appraised. When you visit multiple pawn and jewelry stores to get the diamond appraised, you will have an idea of how much you should expect when you finally decide to sell it.