If you have diamond jewelry that you don't want for some reason, you can sell it and make some cash. Before you just try and go unload your diamond jewelry anywhere, you are going to want to make sure that you know what you have, have an idea of its worth, and look into different options when it comes time to sell your diamonds.
#1 Know What You Really Have
If you didn't purchase the jewelry yourself, you are going to want to make sure you know what you have. To start with, you want to make sure that you have a real diamond jewelry. From there, you need to determine the clarity and cut of the diamond.
If someone purchased the jewelry for you, find out what you can about where they purchased the jewelry from and the quality of the diamonds.
#2 Know The Value of What You Have
There are a few ways to go about this. You can pay a diamond appraiser to look at the jewelry. This is a good option if you know that you have a valuable diamond piece that is expensive. If you are short on money, you can still learn about its value. A professional diamond buyer will generally evaluate the diamond for free and let you know what they think the value of the diamond is. Or you can take it to a few different pawn shops and see what they think about the value of the diamonds.
You can then take all of this information and put it together to come up with the value of your jewelry. For example, if two places told you that the value was higher, and one person gave you a much lower estimate, you can figure out that the value is probably more on the higher side.
#3 Know How You Want to Sell the Jewelry
There are lots of options when it comes to selling the jewelry. If you need cash quickly, you can sell the jewelry to a pawn shop. With a pawn shop, there is always an option to buy the jewelry back within the loan terms if necessary. If you don't want to buy the jewelry back, you may be able to get an even better deal at the pawn shop.
Next, you could sell your jewelry to a professional diamond or jewelry buyer. These types of buyers should be able to give you a fair assessment of the value and usually offer quick sales as well. Make sure that you work with someone who has a good reputation.
You could also try to sell the jewelry on your own through a platform such as eBay, Craiglist, or a similar online platform. Just be aware that when selling online, the buyers may want a certificate of authenticity from a jeweler to prove that you are selling what you say you are selling. You may make more money by selling it yourself, but you also have to facilitate the sale.
Before you sell diamond jewelry, make sure that you know what you have and what it is worth before you pick an avenue for selling your diamonds and making some cash.