When you’re looking for where to sell emeralds in NYC, you need to know the places to avoid if you want the most cash. Although they offer quick cash on the spot, pawn shops and department stores can’t give you the full amount that authentic emerald cut stone is really worth. Similarly, auctions are a real gamble that may or may not get you what your emerald is worth. Auctions are convenient, especially if they are online since you don’t have to do the price negotiations yourself, but they also rack up heavy service fees.
Your best bet is to sell your gemstones for cash to a private jewelry dealer, and the top ones are situated in the heart of NYC’s Diamond District.
Selling emeralds for cash is easy, but selling for the highest price? Now, that takes a little bit of research. Whether you're selling an emerald gemstone ring or emerald cut stone, look for a dealer with a longstanding history, certified scales, and free appraisals. Be sure to shop around and compare offers, so you’re guaranteed the highest payout!
Selling emeralds for cash, doesn’t need to be a risky business. You just need to investigate the dealer you’re trading with beforehand. This means dotting your i's and crossing your t's when it comes to researching emerald stone buyers. Make sure they:
There are many factors to consider when pricing an emerald. Emerald buyers in New York will want to see where the gem is from, when it’s from, the quality, etc. Fortunately, as with other gem assessments, all these questions fall under a simple grading system known as the 4 C’s.
The 4 C's are color, clarity, carat, and cut. (It’s good to note that when selling or buying emeralds, the most important of these C’s is color.)
When it comes to color, there are two factors to consider. Tone, which is the hue of color itself - typically the darker the better. And, saturation which is what gives the emerald it's intensity and strength - the more saturation the better.
An emerald’s carat refers to its size and weight. A carat converted into the metric system equals roughly 0.02 grams. Unlike with diamonds, some experts will say a small emerald of better color quality is more valuable than a large emerald with poor color quality. When selling emeralds, you will often see the term in connection with emerald price per carat.
Clarity, as its name suggests, marks how clear the emerald is. The quality of clarity is impacted by specific characteristics found inside of the emerald, such as scratches, shapes, traces and other things. Just about all emeralds have these ‘flaws.’
The cut identifies the shape of the emerald. Emeralds are typically cut symmetrically with uniform facets to bring out the most color and brilliance.
Emeralds from different locations fetch different prices when it comes to market value. If you have an emerald, chances are that it comes from Colombia, Brazil, or Zambia. Luckily, emeralds from all these areas bear a high worth to cut emerald stone buyers and rough emerald buyers.
Colombian emeralds are most identified by their fine leafy, bluish green tone. An easy way to check whether your emerald is from Columbia or not is the ‘oil drop test.’ Simply shine a light on the gem. If you notice oil drop-like patterns on the stone, you most likely have a Colombian emerald. These gems tend to fetch the highest price.
Brazilian emeralds are distinct in their slight brown or gray cast with a mainly green hue. They tend to be priced halfway between Colombian and Zambian emeralds.
Zambian emeralds are sea green with a slightly bluish shade. Because Zambian emeralds have less inclusions, they tend to be more transparent. These will often fetch the lowest price of the three.
It's tough to know whether or not to sell an engagement ring, or to get rid of that one ring that doesn’t suit you. Fortunately for you, emerald rings are always a valuable commodity, no matter the cut. Some emeralds even cost more than diamonds. Whether you have a princess style stone or a round one, if you’re in any of the five boroughs and want cash for your emerald ring, the options can seem endless. If you’re having trouble deciding where to go, visit the Diamond District in Manhattan, where you can get your ring appraised for free and see what it's worth. If you aren't ready to sell it, no problem, but if you are, get ready to leave with a nice sum of cash.
With the high prices that emeralds fetch on the market it's no wonder that there are many fakes floating about. Sometimes you can observe if an emerald is fake or real by its color or shine. But often times, it is difficult for the unexperienced eye to discern. If you have suspicion that your emerald is fake, perhaps a couple of these telltale signs will help you:
Synthetic, or man-made, emeralds are made in a lab and are identical in appearance and chemical composition to their natural counter parts. The only difference is that they're worth less. So, a natural emerald ring would cost more than a synthetic one. It’s important to note, however, that synthetic emeralds are not the same as ‘fake’ emeralds. Luckily for you if you’re the owner of some synthetic emeralds, they are actually some of the most expensive of the synthetic gems. In other words, even synthetic emeralds are worth a nice sum.
While it's not necessary to have a GIA report or any paperwork when selling your emerald, it's certainly wise to provide as much information on your precious gem as possible when you are ready to sell. Having a proper report gives you an idea of how much your gem is worth and tells emerald stone buyers exactly what kind of gem you have.
A typical jewelry appraisal process involves weighing your gem, testing the authenticity, and conducting an overall close inspection.
Weigh: Your jewelry will be weighed on a professionally calibrated scale.
Test: The appraiser will test the emerald’s authenticity with tools such as black light or support filters.
Inspect: Using a magnifying glass, typically a jeweler’s loupe, the appraiser will inspect the gem for any inclusions and/or ‘flaws.’You will then be given a comprehensive estimate of your emerald price per carat based on all the tests and assessments done.
“My favorite part about Luriya is honestly the e-books. They’re so informative and helpful when deciding where to sell gold. From detailing how gold is measured, to explaining the differences in karats, they do a great job explaining the process to customers.”
“When you go to sell jewelry, Luriya has the best payout offers in NYC. The jewelers know their stuff, no matter what you’re trying to sell.”
“For anyone looking to sell diamonds, Luriya is the place to go. They pay well, instruct you about their prices, and let you take your time to make a decision on a deal. Will be back.”