How do I sell my diamond for profit?

How do I sell my diamond for profit?

  1. Buy in Bulk from Diamond Wholesalers. Obtain your loose diamonds wholesale, from major diamond centers such as Antwerp and New York, or a wholesaler closer to where you live.
  2. Sell to the Diamond Industry.
  3. Sell Loose Diamonds As Is to the Public.
  4. Customize Loose Diamonds for Profit.

How much do loose diamonds sell for?

Understand your diamond and its value One of the best ways to ensure that you are getting a good price for your diamond is to actually understand the product that you are trying to sell. What about your loose diamond makes it valuable?

What is the best way to sell loose diamonds?

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Loose diamonds can be sold to a few different types of buyers. One of the most traditional choices is to sell to a pawn shop, jeweler or diamantaire (diamond dealer) at a brick-and-mortar store location.

Where are diamonds sold?

Mined diamonds are mostly processed in and sold via the major global diamond centers: Antwerp, Dubai, New York, Hong Kong, Mumbai, and Tel-Aviv. In contrast to precious metals, there is no universal market price per carat of diamonds.

How much is a 1 carat clear diamond worth?

In general, a 1 carat diamond costs between $1,800 and $12,000. The price depends on factors such as the Cut quality, Clarity, Color and Shape of the diamond. Cut quality is the aspect that most greatly impacts a 1 carat diamond’s price and its beauty.

How do I get a loose diamond appraised?

How to Get an Independent Appraisal for Loose Diamonds

  1. Find a Certified Gemologist. Your first task is to find a gemologist who is qualified to evaluate your loose diamonds.
  2. Give your Diamond for Analysis to the Gemologist.
  3. Get the Appraisal.
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Where to buy cheapest diamonds?

One way can be buying while you are traveling, if you know where diamonds are cheaper in other countries. So, what is the cheapest country to buy diamonds? India is the cheapest followed up by China, Dubai, Thailand, and Belgium. They are the cheapest because most of the world’s diamonds are cut there.

What is the cheapest way to buy a diamond?

For the brave, the absolute cheapest way to buy a diamond engagement ring is to buy a loose stone from a diamond wholesaler. To do this, you’ll have to live in or travel to a major city like New York and visit the diamond district in person.

How do you sell loose diamonds?

Selling a loose diamond online is simple. Selling can take as little as 2 days from start to finish or you can sell instantly in an appointment. If you select a trustworthy buyer selling online should be more reliable than local options. Complete the online form with as much information as possible about the diamond.

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Where can you sell diamond rings?

When you sell your diamonds, you have two general options. The first is to sell to a reseller such as a jewelry store, diamond dealer, or pawn shop, that will turn around and sell the ring again. The second option is to try to sell the ring directly to a customer online or through your personal network.