If you are selling your diamonds, you should approach the same cautiously. This is because selling such stones in Austin, TX or anywhere else for that matter is not a walk in the park. Researching on how to approach the same is very important. Most dealers like M.I. Trading can help, but considering that they are keen to make profits, chances are that they would hold off some useful info. This article offers tips on how to sell your stones safely.
Knowing the value of your gemstones is very important. Knowing about value would help avoid falling prey to dishonest buyers. Some of the things that dictate value include carat, color, clarity, and cut. A large stone would be weightier. This means more value. Colorless gems are usually costlier than colored ones. Clarity is about whether a stone has blemishes or not. In case yours has no flaws, it should attract a higher price. A perfectly cut stone would be more expensive, as well. It is important to consult an independent appraiser before contacting any dealer.
You ought to set a realistic price. Some of the factors to consider when setting your price are how fast you want your stone to sell and the state it is in. Having it appraised would be the first step towards setting an acceptable price. Understand that such items do not sell for the same price in all markets. Knowing how much the diamond is likely to sell in your target market is important. You should take note or market trends, too.
You should approach selecting a buyer cautiously. You should decide what would work best for you between direct retail, selling through a consignment, or auction. A consigner is likely to get you a better price. Such a method, however, would take time. The service provider would take a commission, too. Auctions can see you get a buyer. The approach would require patience, irrespective of whether the auction date is set already. If you prefer selling directly to a diamond dealer, pawnshop, or an individual buyer, you should research them before making a decision. You can watch this video at https://www.youtube.com/watch?v=WyEDzDT32qI for some facts.
It is important to get a GIA certificate. Such a certificate gives integrity to the stone. Such certification would ensure that you do not end up a victim of buyers that would try to convince you that the gem is fake. A GIA certificate warrants spot-on appraisal, something that helps a seller price their stone appropriately.
You should clean your diamond before contacting any dealer, whether you have GIA certification or not. Pawnshops and second-hand buyers will be looking to pay as little as is possible for the stone. In case the stone is not clean, they are likely to use the 4Cs against you. For further details, see here.
