Steps to Selling Loose Diamonds Online

Posted by Daria King on December 12th, 2019

If you have some loose diamonds on hand, selling them online is a great way to turn them into cash. It's a smart way to make money. If you're ready to part ways with them, here are things you need to know before making them available for buyers.

The 4Cs 

One might think that the bigger a gem is, the better. But, this isn't always the case. Huge diamonds don't automatically mean more money. These characteristics are what experienced jewelers and buyers consider when pricing precious stones.

 Cut

The shape of a gem determines how effectively it reflects light and sparkles. Brightness and contrast are two dynamic aspects of a beautiful stone. 

 Color

This refers to the presence or absence of yellow or brown hues. The closer it is to white, the more rare and valuable it is. 

 Clarity 

This measures the imperfections found in a gemstone. Blemishes, scratches, and even the tiniest cracks will reflect on its value. 

 Carat

This indicates the weight of a diamond. One unit equals 0.2gm or 200mg - it means it's as light as a quarter of a raisin. Each gem is measured in mass and not in physical size.

Their Monetary Value 

Having your loose diamonds valuated by a qualified appraiser is a critical step in making a great sale. When you know their actual worth, you can avoid getting taken advantage of. You don't have to bring anything other than the jewels themselves, but some supporting documents will help. These include previous estimates, certificates, and original boxes and receipts.

When pricing your valuable item, use the estimated cost as your starting point. You can also look at how online shops price stones of a similar size and quality as yours. 

Their Buyers

People who purchase precious stones and jewelry for personal use are likely to provide better prices than dealers. You can sell to them directly through popular online platforms. These include auction, e-commerce, infopreneur, and classified advertisement websites. But, understand that consumers from some of these pages are looking for good bargains. So, other shoppers will give low offers.

Review and understand each site's policies before deciding on where to publish your item. Work only with serious, trustworthy platforms to ensure you'll find legitimate buyers. 

The advantage of selling online is that you're no longer restricted to a jeweler or a pawn shop in your local area. Now, you can offer your gems to diamond buyers in Atlanta. They're experienced in spotting quality stones, so they'll give a reasonable price for your valued possessions.