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What to Know before Selling Your Diamond

What to Know before Selling Your Diamond

2017-08-07

Are you considering selling a diamond? There are a variety of reasons you might make the decision to sell a diamond from your personal collection. But, before doing so, there are several important key factors to take into consideration ensuring you get the best deal possible, including where to sell diamonds in the Atlanta area. At Elan Diamond Group, you’ll learn a few pointers on what you should know before selling your diamond.

Diamonds

Get an Appraisal

First, it’s imperative you know as much as possible about your diamond. If you do not have official documentation accompanied with the initial purchase of the diamond, getting an appraisal is a good place to start. Some appraisals will come with a cost, so do your research before taking your diamond into a jeweler or pawn shop. Getting more than one appraisal is also a good idea to ensure you’re getting the best value. Typically, jewelers will look at the following traits of a diamond when determining the value: the cut of the diamond, color, clarity, and finally, number of carats. Each trait will value your diamond accordingly. If you get an appraisal before selling, be sure and get all documentation in writing and bring it with you when you make your sale.

Know the Setting

If your diamond is included in a piece of jewelry rather than a loose diamond, you should know the specifics of the whole piece. For example, if you are selling a diamond ring, what is the setting? What kind of metal is used? Silver, gold, or platinum? Again, each kind of metal is valued differently and will affect the overall value when selling your diamond.

Find the Right Place

When looking for places to sell diamonds in the Atlanta area, you want to go to reputable and trusted jeweler. Being knowledgeable of your diamond prior to making a sale can make all the difference. Regardless of your reasons for selling your diamond, being proactive will ensure you get the best value.