Seeking advice on a Fancy Deep Yellow/Brown natural diamond

[RealGerm]

Greetings everyone,
I'm new to the world of diamonds
I recently bought a diamond at an auction, GWLab certified, round brilliant, 0.57 carat, fancy deep yellow brown, I1 clarity, natural.
I have a few questions concerning the selling proccess. First and foremost, is it really that complicated to sell a colored diamond?
Is a GWLab certificate not reputable? I often see buyers requesting IGI, GIA, HRD certificates, while GWLab isn't listed as an option.
How does one determine an adequte price for a diamond?
And lastly, what are some general tips for selling a diamond?

Thank you in advance, every piece of advice is highly appreciated.

 

[Texas Leaguer]

As a general tip, if you are looking to buy diamonds for resale, first understand the resale market. Aparently that is exactly what you are attempting to do here. You need to know where to sell, what quality sells, and what price you can expect to get. Otherwise you are buying for your collection.

If you are going to buy colored diamonds you need to understand a colored diamond report. Here is an overview. The last color listed is the primary hue, the others are modifiers. Brown as the primary color is not a particularly desirable trait, but brown modifiers ( e.g. brownish yellow) can sometimes help deepen the primary hue, often with positive effect.

A laboratory like this one can be fine for interesting and fun collector stones. Serious colored diamonds are almost always accompanied by a GIA report.

It's a bad strategy to buy diamonds that are sealed, unless you can unseal them to inspect. It's impossible to fully evaluate a diamond sealed in plastic.

 

[RealGerm]

As a general tip, if you are looking to buy diamonds for resale, first understand the resale market. Aparently that is exactly what you are attempting to do here. You need to know where to sell, what quality sells, and what price you can expect to get. Otherwise you are buying for your collection.

If you are going to buy colored diamonds you need to understand a colored diamond report. Here is an overview. The last color listed is the primary hue, the others are modifiers. Brown as the primary color is not a particularly desirable trait, but brown modifiers ( e.g. brownish yellow) can sometimes help deepen the primary hue, often with positive effect.

A laboratory like this one can be fine for interesting and fun collector stones. Serious colored diamonds are almost always accompanied by a GIA report.

It's a bad strategy to buy diamonds that are sealed, unless you can unseal them to inspect. It's impossible to fully evaluate a diamond sealed in plastic.

Thank you so much for your incredibly thoughtful and detailed response! I truly appreciate the time and effort you put into explaining everything so clearly.

 

[Texas Leaguer]

Thank you so much for your incredibly thoughtful and detailed response! I truly appreciate the time and effort you put into explaining everything so clearly.

My pleasure. If you post photos and info on prospective purchases you will get feedback here, including from people more knowlegeable than me on the market for colored diamonds.

You might want to look at the Diamonds by Lauren website for fancy colors. The owner has been in the business for decades and posts here often as @Rockdiamond

 

[Rockdiamond]

Hi Colored Diamond lovers!!
Bryan gave expert and accurate advice.
GIA is the only lab acceptable to serious dealers and collectors.
Sealing a diamond in a capsule might seem...safe?? But in reality, it obliterates the opportunity for a full and thorough inspection.
I hate to be a "debbie downer" but I really don't see the same sort of opportunities in the jewelry business today as I did 20 years ago.
Definitely buy diamonds! Because you love them and want to own them
Trying to buy for re-sale...you'll get your clock cleaned by professional sellers.....

 

[RealGerm]

Hi Colored Diamond lovers!!
Bryan gave expert and accurate advice.
GIA is the only lab acceptable to serious dealers and collectors.
Sealing a diamond in a capsule might seem...safe?? But in reality, it obliterates the opportunity for a full and thorough inspection.
I hate to be a "debbie downer" but I really don't see the same sort of opportunities in the jewelry business today as I did 20 years ago.
Definitely buy diamonds! Because you love them and want to own them
Trying to buy for re-sale...you'll get your clock cleaned by professional sellers.....

Yeah I'll definitely keep this one, I understand that my chances of selling it are quite low. Perhaps I'll even make a ring out of it