I have a loose round brilliant diamond that I would like to sell within the next few months but I do not have any paperwork for the stone. I only have the information on the color, clarity etc. that the guy i bought it from gave me years ago. In hind sight i wouldn't have bought a stone that way without certification but i was young and it wasn't greatly planned out so lesson learned. He had owned a couple pawn shops and thats how he acquired it so i dont have any background info besides the grades he told me and we lost contact over the years.
Should I just get the diamond certified by sending it directly to GIA? from what I've looked up it seems the cost involved would be over $100 but less than $200 to do this but correct me if i'm wrong. OR Are there any other easier/cheaper options I could use to ensure I'm giving correct info and getting a fair price and where should i go for those options and expect to pay? Sorry if these questions are basic but i'm not knowledgeable about diamonds or jewelry, let alone selling it.
A while ago a jewlery store told me it was real and about 1.18 carats which was .03 less than what i thought so I just don't trust the other categories enough to feel confident in pricing it or selling it. It is a pretty stone imo and others have said the same.
Here are the options i figure i have and the problems with both.
1. list diamond somewhere online and or classifieds and sell direct to someone
If i were to sell to someone directly I wouldn't think that most people would trust spending a a couple thousand dollars with someone they don't know without some official grading paperwork and to be honest I wouldn't want to sell something to someone who did decide to trust me and have it turn out that ANY of the information I gave them was incorrect. I also cant make any comparisons to try and come up with a price to charge if i'm not confident in what i have to sell.
2. find a local jewelry buyer and hopefully not resort to a pawn shop
I assume i would get less money doing this right off the bat and on top of that i don't know any jewelers so don't have a place to go that i trust wouldnt further undervalue the diamond by saying its lower quality than it is. I have also heard of people going to well known shops in my area and not being satisfied with what they were told or what they bought, pricing, value etc.. so i just want to avoid looking dumb with wrong info and/or getting taken advantage of
Any advice on what i should do and go as far as getting paperwork and good places to list/sell would be greatly appreciated. Thank you!
Should I just get the diamond certified by sending it directly to GIA? from what I've looked up it seems the cost involved would be over $100 but less than $200 to do this but correct me if i'm wrong. OR Are there any other easier/cheaper options I could use to ensure I'm giving correct info and getting a fair price and where should i go for those options and expect to pay? Sorry if these questions are basic but i'm not knowledgeable about diamonds or jewelry, let alone selling it.
A while ago a jewlery store told me it was real and about 1.18 carats which was .03 less than what i thought so I just don't trust the other categories enough to feel confident in pricing it or selling it. It is a pretty stone imo and others have said the same.
Here are the options i figure i have and the problems with both.
1. list diamond somewhere online and or classifieds and sell direct to someone
If i were to sell to someone directly I wouldn't think that most people would trust spending a a couple thousand dollars with someone they don't know without some official grading paperwork and to be honest I wouldn't want to sell something to someone who did decide to trust me and have it turn out that ANY of the information I gave them was incorrect. I also cant make any comparisons to try and come up with a price to charge if i'm not confident in what i have to sell.
2. find a local jewelry buyer and hopefully not resort to a pawn shop
I assume i would get less money doing this right off the bat and on top of that i don't know any jewelers so don't have a place to go that i trust wouldnt further undervalue the diamond by saying its lower quality than it is. I have also heard of people going to well known shops in my area and not being satisfied with what they were told or what they bought, pricing, value etc.. so i just want to avoid looking dumb with wrong info and/or getting taken advantage of
Any advice on what i should do and go as far as getting paperwork and good places to list/sell would be greatly appreciated. Thank you!