Some question about selling a Diamond Ring in Los Angeles

Whether you want to sell diamond ring in los angeles because you don't wear it anymore or it's just out of style, you probably want to get as much money as possible. You probably also have a lot of questions and may be unsure where to start. Before you take your ring to the first pawn shop you see and take the first offer you get, here are the answers to some common questions about how to sell a diamond ring that will give you the information you need to get the best price possible.

Can I Get My Diamond's Appraised Value?

This is a very common question and most people believe they can sell diamond jewelry for the appraised value, or very close to it. Actually, the purpose of an appraisal is to give your jewelry a value for insurance purposes. 

Can I Get Close to the Purchase Price?

When you buy diamond jewelry at a jewelry store, it comes with a premium that may be as high as 60%. When you're preparing to sell the ring, it will most likely be worth much less than you paid. There isn't actually a set percentage of the purchase price you will receive as it depends on many factors, including how long ago you bought the ring, the condition and style and how much over market value you paid.

Where is the Best Place to Sell Diamond Jewelry?

You may be overwhelmed by the types of places you can sell diamond jewelry today, from online auctions and pawn shops to jewelry stores and specialized diamond buyers. Not all places will get you the best value. 

If you want to sell the diamond yourself, you can try losangelesdiamondbuyer.com. In general, the best place to sell diamond jewelry is with a diamond buyer certified by GIA. They can evaluate your diamond and give you a fair price.

Do I Need a Certificate?

Diamond certificates from an independent and reputable gem lab like GIA can help you get the best price for your diamond ring. A diamond certificate, or report, contains all important information about your diamond, such as its carat weight, cut, clarity and color, as well as the diamond's inclusions.

You have so many options today when you want to sell your diamond ring that it's easy to get confused or overwhelmed. Just remember that knowledge is power so learn as much as you can about your diamond ring before you sell it and get multiple offers from various sources, including pawn shops, diamond buyers and jewelry stores to make sure you get a fair price.

Source and Reference:  http://losangelesdiamondbuyer.edublogs.org/2019/07/28/some-question-about-selling-a-diamond-ring-in-los-angeles/