Selling diamonds is a smart way to generate large sums of money. Selling diamonds is not an easy task, though. You can sell your diamond for cash in a variety of ways. It’s crucial to be cautious in addition to understanding your diamond’s worth.
So, if you’re wondering, “Where can I go to sell my diamonds in Calgary?”, look no further than our local business. Our staff can guide you through the process and ensure that you get the best price for your valuables.
The 4 Best Strategies to Get Paid for Your Diamonds
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Sell Them to a Jeweler
Going straight to a jeweler is the quickest way to profit from old diamonds. Every day, diamonds are traded, and dealers require inventory for their jewelry exhibits.
These kinds of deals typically only get you between 50 and 70 percent of the value of your diamond, but they usually include quick cash exchanges. Just bring your stone to a shop that purchases diamonds from the general public, and they will weigh it, offer you money or a check, and you’re done
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Pawn Them
You can pawn the diamond if you don’t have time to see a jeweler or if it’s too small for them to be interested in. This indicates that you are lending the pawnbroker the diamond in exchange for a cash loan.
After that, the pawnbroker will keep the diamond until you return to settle the debt, which will include interest. The pawnbroker will keep your diamond and sell it whenever they see fit if you don’t return it. Like jewelers, pawn shops typically offer cash on the spot and give between 60 and 80 percent of the value of your diamond.
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Make an Online Sale
Selling diamonds online can be very profitable if you’re not in a rush and don’t need the money right away. However, finding the proper purchasers takes time and study, just like many sales.
When selling your diamond online, use caution. Verify your diamond buyers in Calgary and acquire cash offers from several sellers before selling it to prevent falling for scammers.
Diamonds travel well and arrive in pristine condition. After selling your diamond, you will get payment within a week, and 100% of the proceeds—less shipping costs—go directly into your pocket!
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Return Them to the Buyer of Diamonds
You have the option to sell your diamonds back to the diamond buyer rather than a jeweler or pawnbroker. For people who would rather have cash right away than wait for a cheque or proceeds from a sale, this is a terrific choice.
Compared to jewelers and pawnbrokers, diamond buyers frequently provide more money immediately, and you are not required to have the diamond in order to close a sale. All you have to do is locate a trustworthy local buyer of diamonds in Calgary, accept an offer, and take your money.
Whichever route you choose, never forget to conduct research! Cash offers differ substantially based on the dimensions, quality, and cut of your
What is the Value of Diamonds?
Naturally, as you gain more knowledge about selling diamonds, you’ll want to know how much to charge for your diamonds and what their value is. Diamond grading and evaluation is a complex process that requires sophisticated laboratory equipment and specialized knowledge.
No matter where you sell your diamond, the amount you will be paid will depend on a number of variables, such as the buyer’s honesty and integrity, the market demand for your gemstone, and the size, clarity, and cut of your diamond! It’s also crucial to keep in mind that a diamond’s (or any fine jewelry’s) resale value will be far lower than the retail price you paid for it.
Having said that, anyone can utilize a few simple methods and terminologies to ensure they comprehend any price they are told for their diamonds and to determine the value of their own diamond. To find out more about your diamond’s value, continue reading.
Are Diamonds Worth Selling?
The fact that the sum they receive from a jeweler or online auction site is substantially less than what they think their rings are worth is one of the main reasons why many women decide against selling their diamonds.
This is why, at Smart Gold, we encourage you to bring in any broken or new gold, silver, or platinum jewelry or goods when you visit our location for cash for diamonds. Your items will be looked at by our professionals. To give you confidence in our comprehensive assessment, we shall enlighten you on how our examinations are administered.
If you are happy, we will immediately make you a cash offer based on the most recent, accurate market pricing. It’s that simple