A diamond ring is a valuable asset that can be quickly sold when required.
If you are thinking of raising funds from the sale of your diamond ring, there are many options available to you, so read on to find out how to get the best price for your diamond ring.
Why You Need to Be Careful When Selling Your Diamond Ring…
The value of diamonds in the commodities market fluctuates, but diamonds have maintained a fairly stable price over the years.
However, if you do not know the actual worth of your diamond ring, you can get a lower quote than it is actually worth, if you don’t do your research. So watch out for this!
Factors That Determine the Value of a Diamond Ring
Many factors will need to be considered when you want to sell your diamond ring. Here are some of the important factors that can influence the price of your diamond ring…
The Cut of the Diamond
A round diamond cut is usually the most expensive in the market and it is in high demand. If you have a ring with one of these round cuts, you are in luck, and you will likely get a good offer!
Other diamond cuts include square, rectangular and triangle, among others.
The Colour of Your Diamond Ring
Blue diamonds are the most expensive. Next in line are yellow and pink diamonds. The colour of your diamond will influence how much you can sell it for.
The clarity brings out the beauty of the stone. The clarity of a diamond is usually assessed in a lab.
With the information above, you will have a better chance of negotiating a fair value for your diamond. Diamond buyers will pay premiums for diamonds with high clarity.
For selling your diamond ring quickly, you may wish to use an online diamond buyer such as diamondlighthouse.com. They have access to a wide range of buyers, and you can receive bids and offers from these buyers, which you can then accept or reject. To maximize the chance of a sale, make sure you ask for a reasonable price, as these diamond buyers will not pay over the odds, as they will know the value of your diamond ring.
This is a quick process that can be wrapped up in a few days if you find a buyer on that website. Why not give it a try!