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Understanding Your Diamond Appraisal: Resale

Updated: Apr 22, 2021

Sometimes you have diamond pieces (usually rings) that you have inherited or no longer have use for you'd like to sell. If you have a recent appraisal on the piece, that is helpful to determine what you might expect when selling; however, not all appraisals are created equal, and reselling diamonds is difficult, to say the least.

If you don't have a recent appraisal and are getting a piece assessed to sell it, ensure you tell me first-- I will give the fair market value, help guide you on what you should ask, and I can even help you sell it. If you have a recent appraisal, then the appraisal value should be a retail replacement value and is quite a bit more than you should expect when selling. A rule of thumb is that you will receive roughly 50% of the value when selling outright. You will receive the most this way, but it is also the most difficult as an individual with one piece to sell.

Alternatively, you can try to consign your piece either online or with a local store. Typically, you will receive about 60% of the piece's estimated wholesale or up to 80% of the estimated wholesale of a loose diamond. This is the second most you will receive for a piece but can take a long time to pan out.

Finally, if you need to convert jewelry to cash quickly or just want the piece out of your life, we can broker it. This is fast but will pay the least-- typically about 25%-35% of the appraised value. I will give you an estimate before moving forward to be certain brokering is what you'd like to do.

There are plenty of other options for pieces you don't like, like redesign or passing down, but if you're sure you'd like to sell, let me know. As always, please don't hesitate to ask questions either here or through email, text, phone, messaging, or socials!

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