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How to sell your diamond

There are thousands of places to buy a diamond or engagement ring but did you notice that there are not any places out there that help you to sell your diamond. Below you will find the best ways to appraise your jewelry, how to find an appraiser, and if selling a diamond on consignment really makes sense.

AAA CASH FOR GOLD. Thats Right Every company in the world is offering you cash for scrap metal, silver, and gold but nobody wants to purchase a loose diamond. The bulk of the money from any of those gold stores in the inner city and pawn shops is going to be paid out for your scrap value and weight of the gold of the ring or piece of jewelry that you are trying to sell.

How Do You Know What You Have?

Most people don’t know what they have. However, if you have a certificate from GIA or EGL or one of the other reputable diamond appraisers then fill out the free diamond price quote to the right and we will be able to tell you exactly what you have, how much it is worth, and the best way to sell it for cash. If you have a gold testing kit or diamond testing kit then you can try to use this but most inexperienced users will find that you will get a false sense of reality as to what you are really testing for. The only thing that you may be able to do is to use a scale to weigh a loose diamond to determine the carat weight and if you have separate pieces of gold or silver than you can weight that as well.

How To Tell if a Diamond is Fake?

There is not a way to tell over the internet. The jewelers on 47th street in New York City where famous for swapping one diamond out for another and using CZ’s also known as Cubic Zirconas to trick sellers and buyers into purchasing a fake that appeared to be real. To figure out the clarity you will need to send it in to us. What you need to realize is grading a stone is very difficult and something very few people can do since you have to become a certified gemologist to properly appraise and grade stones as no two stones are ever the same. However, if it is a really small stone less than a half a carat then the color and clarity will not really matter.

Do you hire an appraiser or how do you figure out the value then if there isn’t a certificate? Well if this is the case then you can work with us to get a dollar value placed within a consistent range as to what your item is actually worth. If you ask for an insurance value you are making a big mistake as that number is skewed to favor the insurance companies and gives you a VERY VERY unrealistic idea of what your items are actually worth. This inflated value is typically 100-200% above the actual value and any appraiser from Chicago, San Francisco, to Palm Beach, Florida can tell you this in person. Also bear in mind getting it appraised is a fixed cost that you will not make back so think twice before getting an appraisal as it is a waste of time and money for most sellers.

If you try to compare pricing on eBay or Craigslist as a lot of inexperienced sellers often do you will find that the information and values on there are not comparable to actual wholesale pricing. This is because you do not have the same exact item that is on eBay or Craigslist and

What you want to do if you’re selling it on your own is make sure you have all the factual information about that item up front. Find out the color of the stone, the carat weight, what kind of gold it is, what period it was made, and you can try to sell it on your own online at a place like EBay or Craigslist. I would always try that route before I would go to a dealer.

Does it Make Sense to Consign a Diamond to a Dealer?

The cold hard truth is that it does not make sense to do this even though common knowledge and life before the internet said to do this. Estate jewelry is a strong selling point and it can take years to sell in a store with no guarantee. Thanks to the advent on this thing called the internet you can cash in on your old jewelry, diamonds, rings, and other items by working with reputable online companies that can either work with you to send you a wire or check after confirmation of your items that you want to sell or we can set you up to go into a local affiliate of ours and get cash on the spot but the value may be less than if you mailed that stone directly to us.

None the less we are here to offer any free advice and help for you when trying to sell your diamond jewelry. The diamond price quote to the right will give you an estimated value and location where you can go today to sell it if you are ready to part.

Posted in Advice on Selling Diamonds, how to sell your diamond | Tagged diamonds, engagement rings, how to sell your diamond, selling diamond | Comments Off on How to sell your diamond

Money for diamonds

Looking to get the most amount of money possible for your diamonds? Well when it comes to putting cash in your pocket nobody does a better job with a standardized process that is safe, easy, fast, and 100% insured so you take no risk when trying to trade your old jewelry in for cash. Here at GGC Diamonds we provide you with a litany of information on how the diamond selling and buying process works, how farfetched appraisals and why now is the best time to get money for diamonds with our help.

How the process works is you get to fill out a free diamond price quote where we ask if you have a certificate or appraisal, from there we ask for the size of the diamond, cut, and clarity, amongst numerous other optional fields. Once we receive the information about your diamond than we can make a more accurate assumption on what it is worth and how much money to send you. If you prefer to just contact us and go over the whole process over the telephone than we certainly welcome that option as well.

So what are you waiting for? We specialize in helping out recent divorcees who need quick cash for their old wedding rings as well any other situation that calls on an urgency to receive your money within a 48 hour time period. So contact us today to get started.

Need money for your diamonds? Whether it’s because you recently got divorced or because of the rough economy you have nothing to worry about as GGC Diamonds is your number one source for diamond buying.

Posted in Advice on Selling Diamonds | Tagged diamonds, money | Comments Off on Money for diamonds

Diamond Appraisals

The Truth About Diamond Appraisals

Most Jewelry appraisals are far from the truth when it comes to actual retail and resale value. The reason why you have overly high appraisal amounts is because the appraisal was done for insurance purposes only.

If you are selling a piece of real estate the appraisal value is typically spot on with the actual value but when it comes to diamond and jewelry appraisals the opposite holds true. This is because insurance values are usually given at amounts up to 100% above the retail selling price. With such an inflated price this gives many a false sense of value for their jewelry as it could never ever be resold for anywhere near that price.

This also makes you think you are getting a great deal when purchasing gems and jewelry at a store. If the sign says appraised for $15,000 but you can purchase the diamond ring for only $7,500 you are thinking that your getting a 50% discount when in reality the appraisal was just inflated 100%.

Buying at half of the appraised value, what a great value! You must be making a profit of $5,000!

Of course not, if the value really is double why are they selling it for half price?

Why are Appraisals so Inflated?

  • Insurance companies are notorious for charging higher premiums for items that have a replacement value at a much lower price.
  • At stated above the sales tactic is helpful in giving buyers the impression that they are receiving a huge discount when in reality they are paying the normal price.

So What Happens Now?

Well now your realizing how the local jeweler ripped you off and the insurance company deceived you because what you thought was worth $15,000 is only worth $7,500. All diamond and jewelry buyers are going to offer you an amount well below the appraised value. Expect to receive approximately 40-60% of the appraised amount. The markup that the jewelry store has to make a profit is where the other percentage dissappears. Of course this varies depending on which store you purchased from. Unfortunately nobody will ever pay you the appraised amount but there is a solution. Ask for a re-sale, cash, or liquidation value price from a diamond expert like GGC & Diamonds or a jewelry expert. Make sure you do not receive an appraisal value which will differ greatly from a re sale value price.

If you have any questions at all or need help selling your diamond than please do not hesitate to contact us today.

Posted in Advice on Selling Diamonds | Tagged appraisals, diamonds | Comments Off on Diamond Appraisals

Selling Diamonds For Cash

Tips on Selling Diamonds for Cash

Diamonds are the most sought-after type of precious stone, so you can easily sell them. The problem is finding a company that will give you the most money in a safe manner. Luckily you find GGC. Fill out your contact info to the right or call us to get a free quote today.

The particular pieces of jewelry don’t even have to be in good condition for you to get a lot of money in return.  Here are a few things you need to keep in mind when selling diamonds for cash.

When you want to sell a diamond, it’s vital that you get it appraised first. Use our free diamond appraisal system to get a general idea of what your diamond is worth.  This will give you a reasonable value of what to expect for it in return.  However, it’s important that you know that an appraisal will be final once we can inspect the diamond in person.

When selling diamonds for cash, you will need to know something about its particular attributes.  This include cut, carat size, color, and clarity.  The most important is the carat size since heavier stones are typically more expensive than their lighter counterparts.

The next most important thing is usually the diamond’s cut.  You’ll get more money when selling diamonds for cash if the stones have a brilliant or round cut.  Most people aren’t looking to buy fancy-shaped diamonds, so you’ll get less money.  Color and clarity need to be judged by a professional since it’s unlikely that the average person has the experience to do so.

It’s a good idea to get a grading report or certificate when selling diamonds for cash.  The diamond will be evaluated in a laboratory to determine various attributes such as color, clarity, cut, weight, and dimensions.  Having one of these reports or certificate isn’t the same as an appraisal since there is no price estimate.  However, it will help determine the exact quality of the diamond.

In today’s modern society, one of the best places for selling diamonds for cash is an online company that buys gold and other pieces of jewelry., or GCC, is one of the most reputable companies for you to work with.  You don’t have to worry about the security of your diamond in transit since all mail is registered and insured.

After receiving your diamond, one of our GCC diamond experts will inspect it before giving you a generous offer.  You can expect payment right away, often within 24 hours via wire transfer, check, or cash.

Posted in Advice on Selling Diamonds | Tagged diamonds, sell | Comments Off on Selling Diamonds For Cash
We are a certified GIA Diamond Grader and we also proudly abide by the Kimberly Process