Tag Archives: Rings

Cashing Out On The Diamond Rings

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There are many reasons why people choose to turn their diamond into cash. It could be because of paying the bills or selling a memory. The most important thing is to know what you have to do before you sell the diamond.  It may be very tempting to go to a pawn shop near you and exchange your diamond for cash.  There are a few steps that you have to follow to ensure that you get the most from your diamond. If you have made a decision to cash for diamonds, then you should follow the steps below.

Make it sparkle

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Before taking your diamond to the shop, you have first to clean it. It is necessary that you create the best first impression. You only need to spare a few minutes to clean the diamond.

Know how to determine the value

It is vital that you are knowledgeable about the 4 C’s. You should learn about the carat, color, clarity, and cut. They will help you know the value of your diamond. You can use the internet to find out more about the 4C’s. Make sure that you are up to speed before you take the gem to the market.  There is no doubt that you will get a higher value for the diamond when you know every detail about it.

Get appraised

Your diamond should be appraised. You need to go with the appraisal to the dealer. In case you do not have the appraisal, you should go back to the jeweler. The assessment is free and will help you get the most out of your diamond. The appraisal is not equal to the amount you will get when you sell the diamond. The appraisal will act as a guide on how much you should sell your diamond.

GIA certification

If you want to sell your diamond at a higher value, then you should get the GIA certification. The certification costs a lot of money, and you have to ensure that you get it done from a recognized source. You must be issued with the certificate after the certification has been done.

Research

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You need to find out how much you should sell your precious gem. You can ask the jewelers who you trust, your friends and family or use the better business bureau. You have to exercise caution before you can show you stone. If you find a good buyer, then he will give you a rough idea of the price that you should sell your diamond.