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Aug 6, 2013 3:00 am

Just got out of a divorce or unpleasant break-up? Want to get rid of the presents and memories of your "once upon a time". Perhaps you’re wearing the engagement ring or a diamond necklace from Tiffany he bought you that you no longer want to carry. Here’s what you need to know about how sell diamonds and how not to get "cheated" again.

sell diamonds nyc

You might have already tried  selling your ring and didn't  complete a transaction since your  appraisal form was 4 times higher  than your offer. Most customers  feel the appraisal price  determines the value. This is  untrue. Appraisal is for insurance  purposes and to give an estimate  grading of the 4C’s for your diamond. For an accurate grading, a diamond is sent to a formidable grading lab such as GIA, EGL, IGI and receive a certification of the diamonds. You will normally find your item to be appraised more than the retail value, reason being when lost/stolen most insurance companies will haggle and pay you less. There is always a huge retail mark-up for engagement rings which is another indication why your offers are thousands lower than your receipt and/or appraisal.

Diamonds come in many different shapes: Princess (square), Round, Emerald (rectangle), Cushion, Heart, Marquise, Asscher, and Oval are just to name a few. There’s no shape that is better than the other. Its in the appearance that appeals most to you. If you have obtained a Round shape diamond from your break-up, you will find out how fortunate you are for keeping that ring rather than returning it or, gentleman, letting her keep it. Round shape diamonds hold a stronger resale value. Round stones are cut to have 51 facets. When light is immersed to a Round shape diamond it bounces off the cones in the facets and allows the utmost scintillation to be dispersed. Therefor you can obtain more when you resell a round diamond than any other shapes.


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