Nov 26, 2013 2:57 am
Undoubtedly, it’s only worth meeting an appraiser if you can recuperate the cost of the appointment. This is why lower income individual should opt to do the appraisal research themselves. This is a lot easier than it sounds. In New York and most of the continental US, Craigslist and eBay dominate the market share of all online classifieds.
If you elect to do business through a jewelry dealer or pawnbroker, but make sure that you do your homework! Consumer review websites will give you a good sense of the reputation of diamond buyers in your local community. However, even if you do your homework, the system will always be full of cheaters. Many of these businesses will create fake reviews or hire so-called reputation management companies to do it for them. This makes it very difficult to discern if the feedback is indeed authentic. One of the best measures you can take is double checking whether a pawnbroker or diamond buyer has a BBB rating. This is short form for better business bureau; a stringent non-profit ratings organization. It objectively evaluates business based off of their own self-regulatory practices and initiatives.
While it’s important to dealer with reputable people, the single most important part of selling diamond jewelry is timing. Just turn the clocks back a couple years and you’ll find that the value of diamond jewelry increased by a whopping 40% within the span of several months. This is why holding onto diamond items are often one of the best decisions you will ever make. Don’t feel pressured to sell diamonds just because it’s the infomercial flavor of the months. Jewelry buying businesses will increase their marketing expenditure when the prices for diamonds have reached lows. They have an in depth understanding of market conditions and past trends. .¸
As one of the hardest minerals on the planet, the diamond is noted not only for its opulent beauty, but it’s physical toughness. However, just because a diamond is forever doesn’t mean its condition is as well. Everything on earth deteriorates and neglect will lead to wear and tear. Ultimately, the condition of the diamond will be reflected in the price tag. This is one of the main reasons why people pay for appointments with accredited jewelry appraisers.
If you do decide to book an appraisal session, ensure that the jeweler develops a strategy to price it not only according to the current market but other trends and variables. If the appraiser is competent in such strategic resale, the consumer will usually see a decent return on their investment. Pricing without any strategy tends to lead to wasted time, especially in a down market. Regardless of your financial situation, everyone can agree that the hours spent posting ads that got no replies would have been better spent exercising. Indeed, we believe that selling your used jewellery in the New York and tri-state region can be a breath of fresh air.