Cash in on Your Diamonds and Sell a Diamond in Alpharetta

May, 2014 by Alma Abell

Selling a diamond out of a piece of jewelry like a necklace, ring, watch, or earring, can be a harrowing and difficult decision. In some cases, people want to sell their diamonds to rid them of memories of a hurtful loved one or a person they no longer associate with. In other cases, people are spurred on by pressing financial obligations and are worried about where their next meal may come from or how they can pay next month’s rent. Whatever the reason, there are a variety of measures to take before selling a diamond to ensure that one receives the best value and price for the precious stone.

The most common place to sell a diamond in Alpharetta and other cities is a pawn shop. These locations typically have knowledgeable experts that can judge the diamond’s worth and give customers a worthwhile price. However, it is important to remember that they are in the business to make a profit. By listening to the following tips, potential sellers can help procure the most amount of money for their diamond.

Before one chooses to sell a diamond in Alpharetta, one should have the diamond valued by a qualified appraiser that has no desire to buy or sell diamonds. This makes the appraiser unlikely to be motivated by profit as the entire business of selling and buying is removed from the equation. Appraisers will look at the stone’s characteristics including the cut and condition.

After receiving a few quotes from appraisers, name a realistic price that will be used to haggle with the buyer. One can ask the appraiser what the estimated value of the diamond is worth in the current market and what one can realistically expect to obtain. One can choose to sell the item at a pawn shop as they offer a quick turnaround for cash and checks after purchasing. After choosing the location and visiting the appraiser, sellers must be emotionally ready to part with the diamond. If one is not emotionally ready to sell, all that legwork was done for naught and the sale may not be as profitable as anticipated or needed. Use these tips to get the best deal when selling diamonds.

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