How To Avoid Scams When You Sell Diamonds In NYC & NJ

Much has been said and written about diamonds. One thing stands constant through it all – diamonds are valuable. So, like all other valuable things on the planet, they attract the good, the bad and the ugly. When it comes to diamonds, fakes exist. So, when you’re selling diamonds especially in New York City and New Jersey, you have no choice but to be on the lookout for scams. Here’s how to avoid them.

Establish Trust

It doesn’t matter where you choose to sell your diamond. The other party will always demand authentication and proof of the diamond’s qualities from your end. This can be understood as the buyer wants to avoid a raw deal. The easiest and the best way to establish trust and avoid getting scammed as a seller is to get your diamond graded by a reputable gemological lab with experts that graduated from the Gemological Institute of America.

You will then be presented with a certificate which contains information such as the cut quality, color, weight and clarity of your diamond. Keep in mind that grading is always performed by a neutral 3rd party. This means that there is no risk of bias during the grading process. Once you have your diamond appraised, complete with the authentication paperwork, you can have an upper hand at setting the selling price.

Do Some Background Check

Find out more about the buyer you want to sell your diamond to. Be on the lookout for factors such as money back guarantees, reputation, reliable diamond certificates and testimonials from other sellers who have sold their diamonds to the same buyer you’re selling to. Refrain from selling any time you come across anything that makes you doubt the authenticity of the buyer.