Whether you have diamond jewelry just laying around your home or if you have to part with some diamond jewelry of yours because you need the extra cash, there are ways to sell your diamond jewelry and make money.
A website I recommend is DiamondLighthouse.com, which was created to give the diamond market an objective and trustworthy intermediary. Their platform bridges the gap between those who are trying to sell their jewelry to professional diamond dealers. Plus, they have a flat commission rate of just 10% on diamonds over one carat, so you know you are getting a good value for what you are selling.
Below are my tips for selling your diamond jewelry.
1. Be realistic about what you have.
You most likely will not receive the same amount for your diamond jewelry as what may have once been paid for it. Before you get too ahead of yourself when it comes to selling your jewelry, it is always a good idea to be realistic with yourself so that you know what you are getting yourself into.
2. Get a range of opinions.
If you are unsure about what the diamond jewelry you have is worth, then you may want to look into getting it evaluated by an independent diamond grader such as the GIA or going to diamond experts like Diamond Lighthouse to see what your jewelry is worth. This way you can make a careful decision about whether or not you want to sell your diamond jewelry, and how much you may want to sell your diamond jewelry for.
Related article: How To Save Thousands On An Engagement Ring
3. Think twice before you sell.
If you are anything like me, then you may get attached to things easily. Even though diamond jewelry is a material object, it can be easy to feel very attached to it and not want to sell it. Before you sell, always think twice and make sure that it's the right decision for you. If you need the cash though, then it might be!
How to sell your jewelry with Diamond Lighthouse:
- Register online or call.
- Diamond Lighthouse insures your jewelry.
- Order free shipping package/make appointment.
- Gemologists unwrap package and complete evaluation on video.
- Diamond Lighthouse reaches out to their network of buyers.
- Offers come in for the diamond jewelry you are trying to sell.
- You agree to a sale.
- Diamond Lighthouse sends you your money, minus their commission.
Would you sell your diamond jewelry for extra cash? Why or why not?
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