If you are going through hard times financially, one thing you should look into is selling any possessions you have that are valuable. This could include a number of things, from sporting gear, to electronics, to diamond jewelry. Often, jewelry is the most expensive and valuable thing a person might own, but people are equally as often loathe to part with it.
But, when you think about it, those diamonds, while certainly beautiful, are just sparkly status symbols that are more often than not kept in a box in your bureau. And, if you inherited it, you will definitely want to sell diamond estate jewelry. If you need money, they are the first things that you should consider selling, since you may use things like a TV or certain sports gear more often. And, now is a great time to sell since the price of diamonds has been on the rise. Check out some of these tips for getting the best price possible for your gems:
Know Their Value
Just because you’ve been told your diamond is valuable doesn’t mean it definitely is. Get a formal, up-to-date assessment from a qualified appraiser. Try to get an opinion from someone who does not sell diamonds, and get a couple of different opinions.
Investigate Your Options
There are a lot of options if you want to sell diamond estate jewelry, but your choice will depend on how much time you want to spend on the market and how comfortable you are with negotiations. The quickest options would be to target a jeweler, diamond buyers, or pawnbroker, but you won’t be guaranteed the best price.
Set A Price
You are setting yourself up for disappointment if you set an unrealistic price for your diamonds. When you have your diamonds appraised, don’t forget to discuss how much the diamond would be worth in a variety of different markets. You can also do comparative pricing on your own, by looking online.
Selling your estate jewelry is a wise move, as the cash will allow you to make investments in a home, a car, or yourself in a way that the physical diamond would not. This is especially true if you want to sell estate jewelry in large quantities that is not your taste or style. Instead, put that money towards a lifestyle that you want.