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When Is the Right Time to Sell Your Diamond Jewelry?

When Is the Right Time to Sell Your Diamond Jewelry?

2018-12-22

Winter is a busy season for jewelry retailers because everyone wants to get that perfect piece for their loved one. But when it comes to reselling jewelry, like your diamonds, is the holidays the right time? Diamond and gold buyers in Atlanta, GA are influenced by more than just the holiday season when it comes to buying. Keep reading to learn more from the diamond experts at Elan Diamond Group. 

Seasonality in the Diamond Industry

For the jewelry industry, the biggest holidays are Christmas, Valentine’s Day, and Mother’s Day. These are the most popular holidays for buying and giving jewelry. However, selling your diamonds isn’t necessarily affected by the change of seasons. Because jewelers and diamond buyers are always on the lookout for new inventory regardless of what holiday is coming, the best time to sell is any time. Retailers and buyers may stockpile for specific holidays throughout the year in anticipation for increased demand. So whether you come in the week before or after Christmas, the appraised value of your diamond is unlikely to change as well.

Diamonds That Sell Fast

The demand for certain diamonds can change depending on fashion trends and availability. That can also influence when to sell your diamonds. For example, in the last few years, there has been an increase in the demand for colored diamonds. Chocolate, pink, blue, and yellow diamonds have become increasingly popular because of their unique colors. If you happen to own a colored diamond and want to sell it, now is the time before the next diamond trend hits the runway. So pay attention to the trend if you have a unique colored diamond, as buyers will be in demand for those rarities. 

In addition to color, the cut and clarity of your diamond will also affect value and resell. Your diamond appraiser will consider the brilliance of your diamond which is determined by the number of facets and the cut of the stone. Diamonds with a high brilliance and clarity rating are very valuable and are more likely to sell at any given time. Round diamonds are always popular no matter what time of year it is. But one thing to consider is, diamonds that are under 1 carat in size are more difficult to sell unless they are in bulk. 

Where To Sell Your Diamond

If you're looking to sell your diamonds, places that buy gold and silver are great resources. But, do your research to avoid scams and get the most for your jewelry. Look for a diamond buyer with experience and extensive industry knowledge. Meet with your appraiser one-on-one and have peace of mind knowing that you’re getting the best value for your diamond. Appointments with an Elan Diamond Group appraiser are confidential and smooth. Your appraiser will be honest with you about the value of your diamond, and they’ll never make you feel pressed to sell your jewelry. If you’re curious about the value of your jewelry, call Elan Diamond Group for an estimate today.

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GIA Diamonds International Watch & Jewelry Guild