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Sell Loose Diamonds

sell loose diamondsSometimes the occasion might arise where you want to sell loose diamonds. It is important then to know the price of diamonds when selling loose diamonds.

The first thing is to get a independent gemmological laboratory to value and appraise them and issue a certificate for the diamonds. This will tell you, and prospective buyers, the quality and characteristics of the diamonds and their value.

Selling loose diamonds means you usually will not get the same price or better than the one you paid for them. Usually you only get a third of the price but you may be able to improve that if you sell by auction.

Whether it is worth while selling by auction, such as Sotheby’s, for example, will depend on the quantity and the quality of the stones you have. If you have stone that are worth many thousands or hundreds of thousands of dollars then it is likely a worth while activity. If you have just a few stones worth a thousand or two or even just a few hundred you might go better on eBay or one of those sorts of auctions.

Of course with any auction there is no guarantee you are going to get any particular amount for your diamonds and it may depend on a number of factors such as the effectiveness of the auctioneer, if a person who wants your loose diamonds happens to be at the auction or viewing it online etc.

It is a good idea to thoroughly check around and see what is the best way of selling your loose diamonds before you actually commit to a particular auction.

It is a fact that if you sell direct to a dealer or jeweler you are only going to get about 25 percent of the value of the diamonds.

Most important, if you really need to sell loose diamonds, make sure you understand what your options are and what the price of diamonds is going to be before you start!

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