I purchased a diamond as an investment in 1984. It is in a sealed case and comes with a diamond certificate. How would I go about finding out the value and where would be the best place to market it? Any information you have would be appreciated.
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How do you go about selling a diamond
Started by BrendaMitchell, Apr 21 2005 06:34 PM
3 replies to this topic
#2
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Cut Diamond
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Posted 22 April 2005 - 08:23 AM
You asked two separate questions. The first is how to determine the value. The second is how to go about selling your diamond.
To determine the value of a diamond, the tried & true way is to take it to an independent appraiser. Such appraisal will cost you around $150 and will give you the most accurate possible valuation of your diamond.
To sell your diamond, you really have three options:
1. Post it on E-Bay
2. Take it to a jeweler who offers consignment; they will sell it for you professionally, but take a fee
3. Post it on various classifieds (such as here) to try to locate possible buyers, and then attempt to sell it yourself.
To determine the value of a diamond, the tried & true way is to take it to an independent appraiser. Such appraisal will cost you around $150 and will give you the most accurate possible valuation of your diamond.
To sell your diamond, you really have three options:
1. Post it on E-Bay
2. Take it to a jeweler who offers consignment; they will sell it for you professionally, but take a fee
3. Post it on various classifieds (such as here) to try to locate possible buyers, and then attempt to sell it yourself.
"Fish and Visitors stink after three days"
#3
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Sapphire
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Posted 22 April 2005 - 09:30 PM
And you should be aware, that just because it's a diamond, doesn't mean it's an investment. Diamonds in and of themselves don't necessarily appreciate. Especially if your stone is cut in a shape that might not be as popular these days. 
Princess Tess
Princess Tess
“Passion makes the world go round. Love just makes it a safer place.”
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#4
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Ideal Diamond
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Posted 23 April 2005 - 04:36 AM
Brenda,
Sealed packages are usually a bad sign and most of the ‘investment’ diamonds from the 80’s were horribly overpriced. Prepare yourself to take a hit. I would start by talking to a local gemologist and get a real feel for what you have. I would qualify this suggestion with an observation of a 4th option to add to Ben’s list: Sell it to a dealer. There’s nothing wrong with this choice and it’s often the least painful by far but you should be careful if your expert opinion is really an offer to buy.
Neil Beaty
GG(GIA) ISA NAJA
Sealed packages are usually a bad sign and most of the ‘investment’ diamonds from the 80’s were horribly overpriced. Prepare yourself to take a hit. I would start by talking to a local gemologist and get a real feel for what you have. I would qualify this suggestion with an observation of a 4th option to add to Ben’s list: Sell it to a dealer. There’s nothing wrong with this choice and it’s often the least painful by far but you should be careful if your expert opinion is really an offer to buy.
Neil Beaty
GG(GIA) ISA NAJA
Neil Beaty
GG(GIA) ICGA(AGS) NAJA
There's never a crowd when you go that extra mile.
Professional Appraisals in Denver
GG(GIA) ICGA(AGS) NAJA
There's never a crowd when you go that extra mile.
Professional Appraisals in Denver
