How to Sell Diamonds for Cash

Do you need cash and want to sell diamonds to obtain it?  Before you even approach someone to sell your diamonds to, you should know exactly what you have on offer.  Know the value of your diamonds and deal with a professional, ethical buyer, and you will be sure to get the best deal for your diamonds.

Diamond Carats

The carat size of a diamond is the easiest characteristic to evaluate.  A carat is equal to 200 mg.  Diamonds that measure less than one carat are usually measured in points.  One point is equal to a hundredth of one carat.  The price that you could get per carat increases depending on the carat weight.  This is simply because larger diamonds are extremely rare and have more demand in the manufacture of fine jewelry.  It is possible for the price of a diamond to jump quite rapidly at particular weights.  An example would be that if you owned a 0.99 carat, you will more than likely be offered a much lower price than if the diamond was 1.01 carat.  This is due to the demand for stones greater than one carat.

Diamond Clarity

Diamond clarity is determined by particular characteristics of the gem, such as blemishes and inclusions.  The color and clarity are important if you wish to sell your diamonds, however, if the clarity of the gem is poor, it will not matter if the color is of high quality.  There are various grading methods attached to the clarity of a diamond.

Diamond Color

Diamonds are available in several colors.  The ones considered to be of highest value are the colorless and the faint blue ones.  The colors are based on a scale where the D grade is the highest quality and the Z grade the lowest.  The colors are usually graded as follows:

·         Colorless diamonds fall into D, E and F grades

·         Close to colorless diamonds fall into G, H, I and J grades

·         Faint yellow diamonds fall into K, L and M grades

·         Very light yellow diamonds fall into N, O, P, Q and R grades

·         Light yellow diamonds fall into S, T, U, V, W, X, Y and Z grades

Diamond Cut

Diamonds are cut prior to polishing.  The cut of a diamond refers to the proportion and symmetry of the flat sides of the gem.  The shape of the diamond has no bearing on the cut.  The more precise and professional the cut of your diamond, the higher the luminosity, hence it will have a higher value.

Sell Your Diamonds

The 4 Cs of diamonds, being clarity, cut, carat and color are all very important when your diamond is evaluated.  There is however another factor you have to consider when you decide to sell diamonds – demand.  This fifth factor plays a huge part in where you should sell your diamonds.  Fine jewelry stores will base the demand on their customer needs and requests.  Online jewelry sellers will base the demand on the number of visitors and enquiries to their website.  Your best option will be to use a professional and highly rated diamond buyer who uses various channels for resale.

What other factors do you have to consider when selling diamonds?

by, Kevin Robbins
Gold Solutions, LLC