Trust us. It’s the holiday season — you aren’t the only cash-strapped American looking for quarters under couch cushions and taking odd-end jobs for extra money.
Luckily, there’s another way you can get the bucks you need this month. If you have unworn or unused diamond jewelry or loose diamonds, you can quickly sell it for cash.
Here’s how to choose a diamond buyer near you and get paid the most, every time.
1. Find a buyer that’s knowledgeable about diamond grading
A diamond’s value is directly related to its cut, color, size, and clarity. So, it’s critical to work with someone who knows how to grade a diamond.
We talk more about the grading process here. Call the buyer and confirm they have someone on staff who’s trained in diamond grading.
2. Don’t send your diamond by mail
Companies who require you to send your diamond by mail are often fake or scams.
Choose a brick-and-mortar location in your area — or within close driving distance. Your diamond doesn’t have to leave your eyesight during the valuation process. And you shouldn’t wait to be paid.
Reputable companies will pay you for your diamond on-the-spot, whether in cash or check. Stay away from companies who promise payment through Paypal.
3. Read reviews and testimonials
The most important thing is to choose someone you trust. But, don’t limit your research to TV commercials and radio ads.
Call the diamond buyer and ask about their valuation process — even if you know the answer, get a feel for the staff. Are they friendly? Approachable? Did he or she take their time speaking with you? Or did your phone call seem like a bother?
You don’t need a stomach for negotiation or thick skin to sell your diamonds. The process can be easy and painless.
4. Know what you own
Before you rush out the door, gather up paperwork on your diamond. Do you have the receipt? An appraisal? GIA certificate?
While these won’t reflect your resell price, they come in handy when you want an idea of what you own.
If you don’t have the paperwork, find a jeweler (preferably one who doesn’t buy diamonds) who can give you an unbiased picture of your diamond’s characteristics.
If you follow these 4 steps, you can easily find a reputable diamond buyer near you. Selling old or unworn diamonds is a great way to get extra cash for holiday shopping.
In fact, this December, we have a fun giveaway. For every $50 of jewelry you sell, you get a FREE $5 Kroger gift card. Click here to learn more about our giveaway!