When one attempts to sell diamonds, it is best to choose an establishment that is a reliable, trusted source. Luriya has been a state certified jewelry company for over twenty years. We are partnered with GIA, which is the top trusted appraising firm in the world. The company refuses to engage in illegal practices of any kind, including but not limited to weighing jewelry in a back room away from customers, using non state certified scales, and offering drastically low prices for jewelry. As a company, Luriya prides itself on professionalism, integrity, and honesty. Thus, when attempting to sell diamonds, Luriya is one of the best companies on the East Coast.
When selling diamonds, there may be some difficulties. If sellers are unaware of the value of their diamonds, this could pose a problem if an establishment offers them a price well below the market value. Naturally, sellers cannot expect to be offered a price equivalent to the market price, as the buyer would be unable to make a profit from the piece. But for some companies, jewelers will take advantage of sellers’ lack of knowledge of market prices. To avoid this, sellers should educate themselves about the market prices of diamonds, how they are weighed, and the characteristics of diamonds that determine their value. This will make selling diamonds much more profitable.
Sellers wondering where to sell diamonds are not alone. Sometimes finding the best establishment seems impossible. Thankfully at Luriya, we simplify the process. Ultimately, the best place to sell diamonds is a company that instills confidence, comfort, and satisfaction within its customers.
At Luriya, we have a creed of professionalism, integrity, and honesty. After twenty years in the business, we have constructed a trusted, reliable business dedicated to the satisfaction of our customers.
In the event that a seller does not agree with the offered price for their diamonds, he or she is more than entitled to continue looking elsewhere for a better price. As previously mentioned, knowing and understanding the markets will help sellers because they will be able to determine if an offered price is legitimate or well below the market value. Selling diamonds is a long process that should be undertaken with patience and fortitude. In most cases, we advise sellers to shop around before settling on an establishment.
When selling diamonds in NYC specifically, sellers must be particularly careful. “Sell diamond” hawks stand on the street corners and sidewalks, often handing out flyers and promises of high cash payouts for diamonds. These are mostly fraudulent buyers, and there are signs warning the public not to trust them with their jewelry.
Unfortunately, some sellers refuse to heed the advice of the city and well established companies like Luriya and choose to sell to hawks instead. Be forewarned, it is a bad idea. Take the time to look further into the diamond selling industry to find a trusty worthy source.
There are many tips to sell diamonds efficiently for the best cash payout. Sellers should be acquainted with the 4 c’s of a diamond, which refers to the cut, color, clarity, and carat of the diamonds. Understanding these aspects of the gem will help sellers determine the market value of the diamond.
Although they will never be offered the exact market price, sellers should have an idea of what their jewelry is worth to prevent themselves from getting scammed by a fraudulent establishment. This will allow them to sell diamonds much more effectively.
The 4 C's stand for cut, clarity, color, and carat. Each of these variables alone will have an impact on the final price of your diamond. Just because your diamond has a good carat weight doesn't mean that it will sell for a lot if it is poorly cut and is highly colored. Diamonds that are well-cut, have little to no color, have few inclusions, and are a good weight will always be in demand. It's best to have your diamond appraised by an expert to determine its true value.
To sell a diamond that may not be held within a ring or necklace, sellers should take extra precautions. The 4 c’s would still apply in this case, but sellers need to pay more attention to the diamonds in general. When held within a necklace or other form of jewelry, buyers may also offer money for the gold or silver.
When a diamond stands alone, it will be inspected much more closely and carefully. Sellers would be wise to make sure their jewels are nicely polished before bringing them to be appraised. These tips will help customers sell a diamond much easier.
There are a few types of diamond buyers out there, but you should do some research before you decide to make a sale. The most common type of diamond buyer is a pawnshop. Here, the pawnshop owner knows that most of their clientele are willing to accept a price much lower than market value. Additionally, the pawn store likely deals in such a wide variety of goods that they may not be experts on the particular type of jewelry you are selling.
Another way to sell diamonds is online. While convenient, online auction sites like Ebay might not offer you the best value, as the people who are bidding on your diamond aren't diamond experts themselves. When you have a diamond buyer who isn't an expert and a diamond seller who isn't either, you can imagine that the deal won't reflect the diamond's true value.
When selling loose diamonds, it is important to remember the 4 c’s-cut, clarity, color, and carat. These will be even more important because buyers will only send an offer for the diamonds themselves instead of for diamonds and metal. Sellers must ensure their diamonds are clean and ready to be appraised. After researching the market value of the diamonds, they will be ready to sell them with confidence.
Additionally, it would be ideal if you can get a GIA report for your loose diamond. This would help for your personal knowlege of the 4 C's of your diamond. It would also price your diamond which would make selling your loose diamond easier.
When attempting to sell diamonds, people may be easily intimidated by their lack of knowledge concerning the markets. Knowing the 4 c’s of a diamond is useful for determining the value of the gem and will always help sellers understand how the value of a diamond is calculated.
In addition, sellers should also brush up on the current market prices of diamonds, the tricks and schemes most buyers will impose, and the best tips to selling.
1. The diamond jewelry will be appraised in front of you. If they ask to take your diamond "the the back" for further testing, you should leave immediately!
2. If their scales and equipment is certified by the state. Unscrupulous jewelry buyers might claim that this is unnecessary.
3. They take the time to explain how they came to their conclusions.
Selling a diamond is no easy task, as we've clearly outlined. But there are tips that will help sellers along the way, the most important being self-education. The most fundamental aspect of success in selling diamonds or any other type of jewelry lies in knowledge of the trade.
Knowledge is power, and sellers should research every establishment, every facet of their jewelry, as well as every trick, jewelers attempt to offer less money. This tip will be the ultimate determinant for sellers who will make a reasonable profit and those that will make a mediocre one.
“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.”