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Buyers Of New York's Blog

212-642-4345   Appointment
30 W. 47th St. Suite 8006, New York, NY 10036

Selling diamond jewelry NYC

sell diamonds nycDiamonds are a piece of jewelry which accessorizes your dress, your beauty as well as your character. They could be the response to your difficulties, particularly if you are in need of cash. Most likely, others have become wiser and more practical in doing this. They invest In diamonds rather than any other stone and stones because diamonds are liquid.

Diamonds values usually do not depend on foreign exchange rates or some other external factors for its value. Whether the outside market is fluctuating, a diamonds value always stays the same. It’s critical that you get the right appraisal in the event you are intending to sell your diamonds. Here is a rundown of some tips to ensure that you will not repent needing to let go of that precious gem.

A Rapaport Value

If you wish to sell diamond jewelry for cash, the very first thing you should know is the Rapaport value of your diamond. A Rapaport is the karats, the cut and the color of your diamond. This really is important for you not to be misled with the value of the diamonds you are selling.

Virtue of Patience

Inquire about. Do your own appraisal first. You need to have the wisdom of the type of diamonds you have in your hand. It’s possible for you to check in the yellow pages for jewelers that accommodate individuals who would like to sell diamond jewelry. Be very patient in searching for a jeweler so that you will soon have the ability to get the exact value for your diamonds. You can always request more than 5 jewelers to appraise your diamonds.

Be business

Always remember do not ever sell diamond jewelry for a lesser price. There are bogus buyers out there. The final thing of which you don’t need to be dealing with are men who will take full advantage of your desire that instant. Visit the shop where you are to sell your diamonds and have the appraiser’s note with you. This really is very important to the men and women in the shop. Give them the belief that you know what you are doing and the piece of diamond you have right there’s worth something.

Consider the price

Most likely than not, the appraisal of your diamond might not be the exact price when you get it. This is because the retail markup of the diamonds is more or less 300%. Not unless what you have is an heirloom. If this is the case, when a buyer attempts to buy your diamonds below 50% of the appraised value, bring your diamonds to a different buyer. Diamonds are probably the stone which never lose its value even for such a long period of time.

Granting that what you have is not of best quality – not the right cut and also the colour is unwelcome. You can nevertheless sell your diamonds. Attempt eBay or online diamond buyers. They’ve lower overhead cost for them to likely price your diamonds more than the local jewelers themselves.

Never in a pawnshop

For serious diamond sellers, this really is an immortal sin. A pawn shop will most likely offer you 10% of what the diamond is appraised. You’ll certainly regret this. The following time you go to the pawn shop you are going to see your diamonds in a display rack with a price 100% more than that which you are paid for.

You can go to a local jeweler and they’ll probably tell you that your diamond isn’t of the right cut or that the color is not presentable. They’ll give you anything to make you think less of what your diamond is worth. In case you have the information about your diamond at hand, you WOn’t ever go wrong with selling your diamonds. As the song goes, diamonds are forever and so is its value.

Never sell gold in a neighborhood pawnshop. You will not get anywhere near the value price, instead make an effort to look around. Selling old gold jewelry can actually be worth it if you just be patient.

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