How To Sell Your Diamond Quickly and Easily

by | Oct 22, 2022 | Cash for diamond, Jewellery

A diamond resembles strong emotions, memories, and bonding. When it comes to selling diamonds, it becomes difficult for people to part with their favourite jewellery with many memories attached. However, in times of distress, when you are required to sell the diamond to get cash in return, it becomes even more difficult to appraise the value of the diamond and find a buyer. This article tries to solve the problem by identifying a few key ways to sell diamonds for cash in Kolkata. Read along to learn more. 

Find A Qualified Appraiser

If you suspect that the value of the diamond jewellery is considerably high, then you must make an appointment with a professional appraiser. Do not believe the value of the diamond based on the opinion of your relatives or acquaintances. Knowing the value of the diamond before selling it will help you to conduct better negotiations. 

If you fail to contact a professional appraiser, you can visit more than one jewellery shop and directly ask them about the value of the diamond. They will check the diamond and assess it based on its colour, cut, clarity, and carat. If you do not have the bill of purchase of the jewellery, you will have to trust the information shared by the jewellery shop owners. You must take note of all the information shared and get a printed document from them to make a final appraisal of the diamond.

Therefore, it is very important that you retain the invoices for the purchase of the diamond jewellery. The price of diamond jewellery is set based on its cut, colour, clarity, and carat. It does not depend on market price. In case of any doubt about the price of the diamond, you can visit the shop from where it was purchased. They will be able to appraise the correct price of diamonds. The shops often agree to buy back the diamond at a good price. 

Set A Realistic Price

Before selling the diamond for cash in Kolkata, you must set an offering price for the diamond. Do not make any random pricing decisions. If you set a vague price for the diamond, it will be difficult for you to find the right buyer. You can also make a loss by selling the diamond. That is why it is highly important to get an appraised price of the diamond before selling it.

To set the actual market price of the diamond, you can visit various online sites such as eBay, Etsy, and others. There you should put as many details as available about the diamond. The websites will show you the price range of similar diamond products. There you can get an idea about the estimated value of the diamond. 

Set the minimum price for selling your diamond in all the available price ranges. For instance, if the available price range of a similar diamond product is INR 10,000 to INR 25,000, you must set the price of your diamond to INR 10,000 or more. It will help you to sell the diamond easily. 

Find A Buyer

The difficult part of selling diamonds for cash in Kolkata is setting the price of the diamond. The more difficult part is finding a buyer to sell the product. In Kolkata, there are many gold shops that take pledged gold to offer loans to people in distress. These gold shops can be ideal buyers for your diamond jewellery in case you do not find any good offer value for the product. You can approach these shops to get a good price for the product.

If you are not satisfied with the price offered by the shops in Kolkata which offer loans on Release pledged gold, you should find a diamond dealer with a good reputation. In those cases, the dealer will charge a commission of 25% to 40% based on the selling price of the diamond. This decision to sell diamonds can prove costly to you if the diamond is of less value.

There is another alternative you can try by selling the diamond directly to end users. You can list your jewellery in various online stores such as eBay, Etsy, and others and set a price for selling. Some websites would charge a commission for jewellery sales or a listing price. But, you must read all the information related to the policy and clauses of the websites before making any final decision.

Apart from this, if the diamond has a high price, you can post ads in the classified sites of the newspaper to get details of consumers who are readily interested in buying the diamond.

Be Emotionally Ready to Sell

Diamonds carry a lot of emotional attachment with them. Many people continue to regret selling diamond jewelry for a long time. If you follow the norms, you might lose your peace of mind. Diamonds have material value. Therefore, your peace of mind should not be sacrificed for diamonds. However, if you fail to sell the diamond at the right price, you might end up regretting it a lot. Because it will cause you to incur huge losses both emotionally and financially. 

Therefore, do not hurry to sell diamond jewelry. Take your time to assess its value and locate the prospective buyer. Understand the process of selling diamond jewelry by engaging with it. The process can become tedious to follow. But it is rewarding when you get the right price of the diamond to help you get cash in return. If you are in distress and need cash urgently, selling valuable diamonds can help you come over from the crisis. So, take the opportunity available in the industry to get cash for diamonds in Kolkata so that you stay financially and emotionally healthy.