The Jewelry Expert's Guide to Selling Your Diamonds

As you may have guessed from the name of our business, we here at Albert's Diamond Jewelers have made every woman's favorite gemstone the focus of our professional lives. We've got a passion for diamonds, and we appreciate having the opportunity to educate our customers about them.

We've heard from many of our customers that they have big questions about how to safely sell their unwanted diamonds, and that's an important subject. After all, diamonds are big investments and it can be a minefield to sell them in a way that's comfortable. Today, we're going to discuss some tips to remember when you're looking to deal with diamonds.

Appraise, Appraise, Appraise

Appraisal must be the first step in any diamond sale. When you're selling gold, there's no pressing need for appraisal due to the fact that gold is gold: 24k gold from England is the same as 24k gold from China. But think about your engagement ring. You have a center diamond distinguished by the 4 C's, by the shape, by fluorescence, by fancy colors and a hundred other unalterable variables. Since no two diamonds are the same, it's extremely important to have a professional grade your diamond according to GIA standards. By doing that, you can get a clear idea of what your stones are worth and have a realistic picture of what you can expect from selling them.

Determine a Price Point

While the appraiser can help you to understand the price range of your diamonds, you're the only person who can determine how much you're willing to sell them for. Of course, this depends substantially on your feelings about the diamonds in question. Are you in need of a quick infusion of cash? Are you just looking to clean out your jewelry box? Or maybe you've gotten a divorce and you just don't want that diamond engagement ring hanging around? Regardless of your reasons, don't approach the sale with too much emotion—it's important to keep on top of the market trends that will affect the price of your diamonds and pay attention to the details that your appraiser gave you.

Work with People You Trust

Diamonds have a reputation as being a store of value. But gem-quality diamonds also have another value trait that can make them somewhat problematic for a seller: Gem-quality diamonds are rare, and the booming global demand for them has caused unscrupulous diamond buyers to pop up all over the place. There's a lot of people who'd want nothing more than to pop the center stone out of your round cut engagement ring and give you peanuts, which means that you have to work with credentialed professionals.

Find Loose Diamonds and More at Albert's Diamond Jewelers

Since 1905, Albert's Diamond Jewelers has been a trusted member of the Chicagoland jewelry scene, and our century of roots in the community is paired with our expertise, code of ethics, and GIA-trained gemologists. When you're looking to sell to us, you can be assured that we're the right party to treat you with respect. If you're interested in discussing diamond selling with us, contact us at (219)-322-2700 or visit us at our Merrillville or Schererville, Indiana showrooms today.