Help!

[jennm]

If I wanted to sell a daimond... how do I go about that to get the best possible price? I have been told that I will not get anything close to what I paid!
I have a Ideal Cut, .85 Round F VS set in plat tiffany style band... any ideas of what to expect?

 

[DiamondExpert]

For your best return consider consignment, preferably with the jeweler you purchased it from, or any jeweler or on-line vendor who will consider it - just keep in mind that if you go with an on-line vendor you will be selling into the internet market, so if it was purchased originally in the B&M market your return will be less. Expect to pay at least 10% of the final selling price to the dealer who handles it.

Other venues would be private, newspaper/mag adds, or places like eBAY.

Your lowest return would be to sell directly to a jeweler/pawn shop.

Good luck.

 

[jennm]

Thanks for the advise... any ballpark idea of what ask for it???

 

[Patty]

I have no idea what you should ask for it, but I was wondering. Do you have a certificate on this? If so, what are the dimensions?

 

[DiamondExpert]

Not without seeing it loose and the cert.

 

[Mara]

Consignment is a good idea. I would get the diamond appraised so that you have a clear idea of it's value today. Ask the appraiser to not inflate the appraisal, that does you no good. Then you can shop it to the local stores. I would also take advice from the local stores on what to sell it for. They will probably know best and of course they have an incentive to help you sell it.




eBay maybe will net you 30% of what you paid, depending. Sometimes people do not want to buy what they perceive as 'used rings' (e.g. bad luck). One option is to unset the stone and sell it loose on eBay, for whatever reason if its not in a ring, sometimes it seems to get more attention.




Pawn shops are maybe 10-15% of what you paid. I would avoid this at all costs.




What about keeping the stone and setting it into a pendant? That's the perfect size.

Or trading into your original jeweler and getting credit for other baubles, or a watch or something fun. If it came down that you were to take a huge $$ hit if you sold it, I would do this and keep the credit for future use.

Good luck!