If you have some diamonds that you would like to sell, it is important to prepare well for the same. Selling such stones in Austin, TX, or any part of the world would be a challenge. It is integral to do your homework well regarding how to sell such stones safely. Most dealers can help, but considering that they are keen to make profits, chances are that they would hold off some useful info. This article offers tips on how to sell your stones safely.
Contacting any dealer without any idea concerning the value of your gem would be a bad decision. Knowing the value of your gem would help outsmart dishonest buyers. The value of a stone is determined by cut, carat, color, and clarity. If your diamond is big, it would be weightier. This means a higher value. Colorless gems are usually costlier than colored ones. Clarity is about whether a stone has blemishes or not. If your choice has few or no flaws, you should expect more money for it. A perfect cut also improves the value of a stone. Seeking the help of a reliable appraiser is important.
You should be careful to set a practical price. You should set a price in line to the status of the gem and how swiftly you want it to sell. Having it appraised would be the first step towards setting an acceptable price. You should know that markets are different. You should know how much the stone is likely to fetch in your target market. It is important to factor in market trends, as well.
It is important to choose a buyer carefully. Direct retailing, auctioneering, or selling through consigners are some of the selling options you would have. Selling via a consigner improves your chances of getting a higher price. However, it is likely to take time. The provider would need to be paid, as well. Auctions work. The approach would require patience, irrespective of whether the auction date is set already. It is essential to research a potential buyer well prior to contacting them.
Getting a GIA certification is important. Such certification would work in your favor regarding proving the integrity of your stone. It also helps avoid falling prey to dealers that might claim that the stone is fake. A GIA certificate warrants spot-on appraisal, something that helps a seller price their stone appropriately.
You should clean your diamond before contacting any dealer, whether you have GIA certification or not. If you are selling to a pawn shop or second-hand jeweler, they would look for all excuses to buy the same at the lowest price possible. If the gem is not sparkling clean, they are likely to use the same against you when it comes to evaluating the 4Cs.