Selling Diamonds

Selling diamonds shouldn’t have to be so hard.

We’re here to make the process as easy as counting back from ten. Or should we say fifteen, because that’s what we’ve made here - fifteen sections of pure, honest advice and helpful tips to help you sell diamonds. We’ve also included some commonly asked questions and a little background history on diamonds, diamond resale value, diamond appraisal, and how to get cash for diamonds. If you’ve got anything else you’re still wondering about, feel free to give us a shout! At Luriya, we’re always more than happy to help.

 

Where’s the Best Place to Sell Diamonds?

Diamond Resale Value

Selling diamonds may seem intimidating as many people think private buyers are untrustworthy. However, if you know what to look for then you will be able to sell your diamonds confidently.

The most important aspect of selling diamonds is that you are informed about the industry, your own item, and the diamond buyer.

Gathering information will lead you to know your diamond's worth and choose the best place to sell diamonds. While gathering information online is helpful, remember to look for recommendations from trusted friends. Additionally, look for any certifications or awards the diamond buyer may have obtained.

 

How Do I Sell My Diamond?

Diamond Appraisal

Researching buyers in your area will greatly benefit you throughout the selling process. Additionally, thoroughly researching your diamonds will ultimately maximize your profit. There are several non-invasive, at-home methods to test the authenticity of your diamond. Then, you can get it professionally appraised

You also have the option of getting a GIA report. This report will include detailed information of your diamond, including the price it should sell at. Diamond buyers will normally use this report to price the item. However even if you do not have a GIA report, the appraiser should be able to give you a fair price. 

 

Choosing Where to Sell Diamonds Can Be a Difficult Decision

Sell A Diamond

Today, most places that have a “We Buy Gold” sign will also be in the diamond buying business. Because it can be hard to know where to sell diamonds for the best cash price, keep this checklist in mind:

  1. Be sure your diamonds are being tested in front of you in a way that you can understand. Luriya makes the process transparent.
  2. Check that the scales being used are calibrated and certified. Luriya's scales are all NYS certified.
  3. Are you certain of their reputation? As a diamonds buyer, they should have a good one before you sell your diamondto them.
  4. Do they offer any additional material free of charge? Find out what additional services or resources they can offer.

 

Selling Diamonds for Their Value

Selling Diamond Jewelry

Do you know what a jeweler's stamp is and what an authentic one is supposed to look like? If not, take the time to educate yourself about the diamond jewelry you are selling. Additionally, learn about the 4 Cs – the four most important factors that determine how much your diamond is worth. The more education you have, the less likely it is that you can be taken advantage of by shady jewelers. On the same note, make sure the diamond buyer you choose has a good reputation and excellent reviews!

 

The 4Cs

Diamond Buyers

Though there are many factors that contribute to a diamond’s price, the 4 Cs are regarded as the most important factors to determine the price and quality of a gemstone. The four c’s are: cut, carat, clarity, and color.

The cut of a diamond doesn’t only refers to its light reflecting properties. Diamonds with a higher quality cut will reflect light beautifully, driving up their price.  

The carat refers to the stone’s size and weight. The weightier and larger your diamond, the more expensive it is.

A diamond’s clarity refers to the quality of the stone. Does it have any scratches or inclusions? Most diamonds do and that’s perfectly normal; however, diamonds without are extremely rare and expensive.  

The color of the diamond can also influence its value. Diamonds are color graded from D (colorless) to Z (heavily colored). Completely colorless diamonds are very pricey.

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What Luriya’s customers are saying
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"These guys helped me check if my diamond earrings were real for free and said I paid a good price for them. Very professional. Would recommend to anybody. Also very friendly. If you're looking to sell any or diamond they are very friendly and not pushy at all."

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"Very smooth transaction. Fima was very kind and gave me the best price out of all the places I visited. If you are looking to sell jewelry or sell diamonds, definitely check this place out."

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My sister sold a diamond ring here and the experience was professional, fair and quick. Thank you Fima!