Diamonds are one of the most valuable jewelry in the world, primarily because they are keeping their value over the years. But also because they are rare, beautiful and represent unique and wealth. Selling Diamonds can sometimes be quite difficult, but it can also be a great way to raise money quickly and easily.
If you are considering selling your diamond, it is advised to do research for the best sale. start by choosing a reliable buyer to ensure that you get a good price for your diamonds. Here in BENADATO we can help with that.
What are the Different Types of Diamonds?
There are many types of diamonds around, each one with its own unique characteristics and shape. here are the most common types of diamonds include:
Natural diamonds: Natural diamonds are formed with high pressure and high temperature deep in the core of the Earth’s. They are brought ופ to the surface by volcanic eruptionsת and after that been mined out. Natural diamonds are the most valuable type of diamond there are, and most common in jewelry.
Synthetic diamonds: These diamonds are created in a laboratory in a process that mimics the natural diamond process. To the naked eye Synthetic diamonds are looking the same as the natural diamonds, but they are usually less expensive. Synthetic diamonds are used for all kind of industrial needs, such as cutting tools and drill machine.
Treated diamonds:These are natural diamonds that have been improved artificial mostly in their appearance or color. The improvement includes clarity enhancement by removing or reducing cloudiness. Also the process of color enhancement, which changes the color of the diamond. The treated diamonds are less expensive than the natural diamonds.
Colored diamonds: These are natural diamonds that are not white. They become colored because of Intrusion of substances and chemical components into the diamond’s while in the process of its formation. In the family of colored diamonds the one considered the most unique is the black diamond.
Reasons to Sell a Diamond
People sell diamonds for a variety of reasons, Here are a few common reasons:
- Financial need: Most of the Diamonds are considered a valuable asset, and selling a diamond can be an easy way to get hold on money much needed.
- Unwanted jewelry: People often sell diamonds that they no longer use or that have negative memories related to them. sometimes because of changes in personal fashion and even difficulty keeping the diamonds in a secure place.
- Estate planning: People may sell diamonds as part of their estate planning process.
- Business Investment: Some people sell or buy diamonds as a way to invest their money.
How Do I Sell My Diamond Jewelry Online?
One of the most common ways to sell diamonds is online, But it is not that simple/ for that we round up a few steps, that we think, can help you sell your diamond jewelry online in no time and in a secure way:
- Get your diamonds appraised by a qualified gemologist. This will give you some estimate of their value.
- Take clear and good photos of the diamond. This will help potential buyers to see the diamond clearly and assess its value.
- Write as best as you can a detailed description of the diamond. Be sure to include information about type of metal, carat weight and any other relevant information.
- Choose a reliable online diamond buyer. |This you are doing by reading reviews of others. There are many online diamond buyers, but it is important to choose someone that is known for his professional and good reputation, side with competitive prices.
- Ship your jewelry to the buyer. Once you have chosen a buyer, you will need to ship your jewelry to them. Be sure to use a reliable mail company that insure your diamond for its full value.
Why Should I Sell My Diamonds Online Instead of in Person?
Selling diamonds online these days, offers you many advantages such as:
- Convenience: Selling diamonds online is a convenient way to sell, as you can do it from the comfort of your own couch and in your own time.
- Competition: There are larger potential buyers online than you can find in any other method of selling. This means that you are more likely to get more suggestions for price for your diamonds.
- Transparency: diamond buyers are typically more transparent about their pricing. This makes it much easier to compare between different buyers and choose the one that is right for you.
Why are Diamonds So Valuable?
for hundred of years, diamonds are considered to be the most precious and expensive thing in the world and for some good reasons:
- Rarity: Finding and mining out the diamonds is a difficult process because they are in the earth core. As the neutral process of their creation is quite rare.
- Durability: Diamonds are the hardest natural substance that is known to mankind. They are very resistant to scratching, chipping and breaking. These qualities make them ideal for long lasting jewelry and other applications where resilience is important.
- Beauty: Diamonds have a special beauty that is prized by a lot of people all over the world. Their beauty is unmatched by any other gemstone.
- Marketing: For a lot of years the diamond industry has spent a lot of money to promote diamonds as a symbol of love and mainly luxury.
How Much Can I Get If I Sell My Diamonds?
The price that you can get if you sell your diamonds – no matter if you plan to sell your engagement ring or your diamond earrings – depends on a number of factors that together are the value of the diamond:
- 4Cs: The four Cs of diamonds are: cut, color, clarity, and carat weight. These 4 factors determine the quality of a diamond and therefore its value.
- Diamond market: The diamond market is relatively steady but it has fluctuations. So the value can change during the years.
- Buyers: The supply and demand by buyers will also affect the price of your diamonds.
Generally, you can expect to get between 20% up to 60% of the original buying price of your diamonds when selling them. In addition, it is important to do an appraisal for the diamonds by a qualified gemologist before selling them, so you can get an accurate estimate of their value.
What Is The Current Price Of Diamonds?
As we mentioned earlier, Diamond prices may change a bit, from time to time according to the changes in the market. Here are a few examples of the current price of diamonds, based on their carat weight.
| Carat Weight | Price (USD) |
| 0.50 | $2,000 – $10,000 |
| 1.00 | $4,000 – $20,000 |
| 1.50 | $6,000 – $30,000 |
| 2.00 | $8,000 – $40,000 |
| 3.00 | $12,000 – $60,000 |
| 4.00 | $16,000 – $80,000 |
| 5.00 | $20,000 – $100,000 |
Please take notice that these are average prices. The actual price of a diamond will be determined by the factors we explained above.
As we mentioned before, If you are considering selling your diamonds, it is important to get them checked by a qualified gemologist. This will give you an accurate estimate of their value and help you get the best possible price.
Tips for Selling Diamonds
If you want to sell your diamond quickly and in the best way possible, here are some tips that we at Benadato, are sure you can find helpful:
- Do an appraisal by a qualified gemologist before selling the diamond. This will give you an estimate of their value for selling
- Gather any paperwork you have for the diamonds, such as a certificate of authenticity, liability of the original seller and others.
- Get multiple offers from different buyers and don’t be afraid to negotiate.
- Sell your diamonds during a time when the diamond market is strong. For that you need to be patient and understand that finding a good buyer takes time.
- Clean your diamonds. Dirty diamonds are not attractive for buying and also affect the price you get for them.best is to clean the diamonds with a soap and water solution and a soft brush.
In addition, here are some additional tips that will make your diamonds stand out in comparison to other diamonds:
- Clean your diamonds. Dirty diamonds will not look their best, which could affect the price you get for them. Clean your diamonds with a mild soap and water solution and a soft brush.
- Take clear and accurate photos of your diamonds. This will help potential buyers see the diamonds clearly and assess their value.
- Write a detailed description of your diamonds. In addition to the photos, be sure to include a detailed description of the diamonds in your listing. This should include information about the type of metal, the carat weight of the diamonds, and any other relevant information.
- Be responsive to buyer inquiries. Buyers may have questions about your diamonds before they buy them. Be sure to respond to their inquiries promptly and courteously.
What are the Risks of Selling Diamonds Online?
Despite the fact that selling loose diamonds online is probably the best way to do it, there can also be some risks in order. But if you know them, you can be prepared for them.
- Fraud: There have been a few cases of people being scammed while selling diamonds online. Buyers may claim after the sale that the diamonds are not as described or may simply not transfer all the payment, and go dark.
- Shipping damage: Diamonds are valuable, so there is a risk of them being stolen or got lost in transit when shipped online.
- Privacy concerns: When you sell diamonds online, you are providing personal information such as your name, address, and email address to the buyer. BE sure to give only needed details, because you do not know how the buyer is and what he can do with extra information.
How to Avoid and Minimize Those Risks?
- Choose a reliable buyer: Do your research to choose a buyer with a good record. Read opinions and reviews. also look what other sales or buying he is doing.
- Insure your diamonds: When you deliver your diamonds, be sure to insure it for for the full value. This will protect you in case the diamonds are lost, stolen or even damaged in transit.
- Use a secure payment method: When you receive the payment for the diamonds, use a secure payment method that protects you from breaching your accounts. Use services that will hold the money until the transaction is all confirmed.
- Be careful about what information you provide: Be careful about what personal information you provide to the buyer. It is not necessary to provide your full name or your address or social security number.
Why Sell Your Diamonds to Benadato?
As a reliable diamonds buyer with a long-standing commitment to exceptional customer service, We in Benadato offers great and competitive prices for diamonds and strives to make the selling process as easy and convenient as possible. Our team is dedicated to helping you achieve the best price for your diamonds. In Benadato we are also committed to giving back to the community, ensuring that your transaction also has a positive impact.
When you choose Benadato to sell your diamonds, you can rest assured that you will receive the best value for your diamonds, with no risk.
