The decision to sell a loose diamond can be an emotional one, and owners shouldn’t make a decision before doing some research. Below is some advice on selling to a loose diamonds buyer in Texas, to maximize the return on the sale.
Learn About the Buyer Beforehand
A seller should not choose a diamond buyer without learning about them. One of the most important things to look for is a buyer with an on-staff, GIA-certified gemologist who can provide an appraisal. The appraiser will inspect the loose diamond for carat, color, cut, and clarity, and the buyer should be able to answer the seller’s questions about diamond purchasing and selling.
Appraisal Values and Cash Offers are Different
When a seller looks at the appraised value of a diamond, it’s typically higher than the cash offer. The appraised value is what an insurer would pay for the replacement of the diamond, but a cash offer is what a buyer would pay for the diamond in its condition. Like used automobiles, diamonds often sell for less than the appraisal value. Realistically, sellers should not expect to receive the appraised value for a loose diamond.
Don’t Make Hasty Decisions
For a successful sale, the seller must trust the loose diamonds buyer in Texas. It can be difficult to sell loose diamonds, and an unethical buyer may take advantage of the seller’s emotions. A buyer should not feel pressured into doing something they don’t feel comfortable with, and they should not be required to make an instant decision on a sale.
Understand the Diamond and its Value
An effective way to ensure that the seller gets the best possible price for loose diamonds is to understand the product. When a buyer is in the market for loose diamonds, their condition is very important, as even the smallest nick can diminish a stone’s value. Diamond size is also important, as larger stones are rarer and more costly than small ones.
As previously stated, selling diamonds can be a personal decision. However, diamond buyers cannot offer a higher price based on a stone’s sentimental value. To sell loose diamonds for the best possible price, contact us for an honest appraisal and a no-pressure sale.
