DCLA provides a quick insight and options on how to resale and save you all the trouble.
Eventually we all have this experience. Someone close to us may leave property, air looms or a piece of Jewellery.
The resale value of a piece of jewelry may be very different from the original purchase price, determining this value can be a tedious and frustrating journey in itself.
While figuring out what to do with Property, figurines or crystal candy dishes we find something unexpected. A piece of Jewellery with what looks to be a diamond.
Should you choose to keep or bestow the item upon a loved one the story ends here.
However, if you want to sell it this is where your journey of discovery begins.
Advice is cheap and in some cases unqualified, so always look carefully at the source when taking it.
You may be told or hear the sole value of any piece of diamond Jewellery, unless from a recognised name like Cartier or Tiffany’s is in the diamond.
Alternatively, you might be told the value is in the piece as a whole.
Simple Fact is every item will be different.
One constant every expert will agreed on, is if there is a diamond of significant size in the engagement ring. The main diamond should be appraised by a Gemological laboratory of the level of DCLA, GIA or HRD.
The idea of removing the diamond from its setting and shipping it to one of these top recognised laboratories around the world seems daunting. So before you take this step call and ask the advice of the laboratory.
First Step
Michael Cohen and Roy Cohen, veterans in the diamond trade and third generation diamond experts explain “If you don’t have access to one of these laboratories in your area. Visit a trusted Jeweller in your area. Ask them to look at the stone in the mounting”. If the diamond can be safely removed, ask the Jeweller to give a costing for the service.
You can then submit the stone directly or through the Jeweller to qualified internationally recognised laboratory.
After submitting the lose diamond to a laboratory like the DCLA, HRD or GIA. A definitive grade with natural diamond or natural origin on the report, will be attributed to the diamond this will give the ultimate value.
This can take from a few days to weeks depending on the individual laboratory.
Laboratory Fees vary by carat size and gemological work required, this would be a very small percentage of the diamonds value so well worth the expense.
Once this is complete, most people that have reached this point have taken the decision to sell.
Next step
Based on the 4c’s size, colour, clarity and the shape of the diamond working out the value is not complicated.
A bit of online research will give an indicative retail value. However, the Buying or selling percentages and profits are determined by some shopping the items around.
Visit a ‘Trusted’ Jeweller or independent diamond dealer to get advice or an offer. Expect differences in price when a diamond new a is originally purchased, to when it is resold.
Every Jeweller will have different profit margins. In addition, each dealer will work with different qualities or sizes so finding the right buyer may take a few visits.
Using a Broker or Auction house
There are a number of ways to sell your jewelry, directly to a dealer or back into the trade or via a store on consignment or through a physical auction to name a few.
Be assured with the correct paperwork, and add extra security with Cold Laser inscription on the diamond linking the zone to the report permanently.
Source: DCLA
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