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Griffith Godfrey 發表更新 8 年, 1 月前
What is the best way to sell a diamond ring? If you have found yourself asking yourself this question, we are here to help.
Whether it is an engagement ring or a diamond ring that you inherited, these often have great emotional and monetary significance. So you want to ensure that you work with a reputable diamond ring buyer and get the best price possible. Keep reading as we guide you through the best way to sell a diamond ring and receive a competitive offer.
The best way to sell a diamond ring in 4 steps:
Determine your diamond ring’s characteristics
Find a reputable diamond ring buyer
Get a price quote for your diamond ring
Sell your diamond ring
DETERMINE YOUR DIAMOND RING’S CHARACTERISTICS
Before you can search for the best way to sell a diamond ring, it is crucial to know the characteristics of your ring. This way you can promptly receive price quotes and find a buyer that best suits you.
A diamond’s characteristics:
At the very minimum you should know the 4 C’s of your diamond ring.
Tips to Sell Your Diamond Ring 4 C’s are the globally accepted diamond grading criteria made by the Gemological Institute of America. You can find these grades as well as other important information on documentation that came with your diamond ring when purchased, such as a GIA report.
These include:
Color Grade: This denotes how much color is present in a diamond. Color is graded on a scale of D to Z, with D as colorless and Z as light yellow. For white diamonds, the closer to D color grade, the more valuable the diamond.
Cut Grade: This refers to the cut quality and proportions of a diamond on a scale of Excellent to Poor. If a diamond is cut well, light will be able to best enter the diamond thereby maximizing sparkle. Keep in mind that cut grade only applies to round cut diamonds while fancy cuts, such as emeralds and ovals, do not have official cut grades.
Carat Weight: This indicates how much the diamond in your ring weighs, often abbreviated to ct. While the majority of your diamond ring’s value will come from its center stone, it is also important to know the ring’s total carat weight which may include any side stones.
Clarity Grade: This refers to the amount of internal and external flaws present in a diamond, known as inclusions and blemishes respectfully. Clarity grades range from FL for flawless to I3 for visibly flawed. Even if your diamond may look flawless, potential imperfections can be seen under a loop.
The setting’s qualities:
Additionally, you will need to know the basics about your diamond ring’s setting.
Setting Type: Diamond rings can come in an array of settings such as prong, bezel and multitone.
Metal Type: The ring’s setting can be made with various metal types, with the most popular being platinum, white gold, yellow gold and rose gold. Be sure to include your ring’s gold purity if applicable (i.e. 14k, 18k etc).
Additional Stones: Your diamond ring may have additional stones such as side stones that sit beside the center stone, a diamond encrusted band (known as a pave setting), or a halo of diamonds that encircle the center stone.
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