Before attempting to sell diamonds or gold, there are a few things that you should know.
Factors Used to Estimate the Value of Gold
As a rule, the value of gold is determined by karat quality and weight. You can usually find the karat stamp on the inside of your jewelry pieces. Once you have found this, weigh your gold so that you'll know exactly what you have to sell. Gold prices can be researched online and through jewelry stores that buy gold. The market price for gold tends to fluctuate, so be sure to check the current price before attempting to sell. Keep in mind that you will be getting a wholesale price for your gold. This means that the amount offered to you will be slightly less than the market price. If you are not satisfied with the price you’ve been offered, you can shop around for a better price. In addition to shopping around, you should sell your gold to a reputable jewelry store or wholesaler.
How to Determine the Value of a Diamond
The true value of a diamond is determined by its unique characteristics. The color, cut, carat weight and clarity of a diamond are a few of the elements used in an appraisal. If you have a GIA certificate, the price for your diamond will be easier to determine. If you don’t have one, find a jewelry store or a wholesale diamond buyer that is qualified to appraise it. Using a wholesale diamond buyer is a quick way to get a fair price for your diamond. Trying to sell it yourself can be both difficult and time consuming.
Wholesalers buy and sell certified diamonds. They also keep up with the current market trends and prices for diamonds. Many wholesale diamond buyers have been certified to appraise diamonds. This can be accomplished in a short amount of time, which makes it much more convenient to use a wholesale diamond buyer to evaluate your diamonds.
Take the time to research wholesalers in your area. You can find local wholesale diamond buyers on the Internet. For instance, if you live in Los Angeles, type "loose diamonds Los Angeles" into the Google search bar.
Be sure to read the online reviews of the wholesale diamond buyers you plan to visit. Yelp is an
excellent website that provides reviews from customers who post their personal experiences with wholesale and retail businesses. If you can’t find reviews, check with the Better Business Bureau to find out if there are any complaints against the dealers you plan on visiting. Once you find a wholesale diamond buyer, call and ask questions about their credentials. Ask about their certifications and the years of experience they have in the jewelry business.
It's good to learn the methods used to evaluate the price of precious metals and diamonds. This will help you to feel more confident about selling your diamonds and gold.