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HOW MUCH YOU CAN SELL YOUR DIAMOND FOR AND WHERE

WE DO NOT BUY DIAMONDS - WE PROVIDE YOU WITH INFORMATION

SEE ACTUAL PRICES FOR YOUR DIAMOND

TheBuyReopot.com will help you make a more informed decision by providing you with price guide information about your diamond and pros and cons of the different options that you have available to sell it.

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  SELL TO A PROFESSIONAL BUYER/DEALER IN PERSON

This may be one of your best and safest options. This Buyer is often one of your local privately owned jewelers. Their reputation is very important to them and they are more likely to treat you fairly. However, more recently, diamond, jewelry and gold buying centers are opening in many markets. In either case you will be going to a more secure location and dealing directly with a professional buyer. This selling process may help to maximize your personal safety and sell for a fair and competitive price. The market is now very competitive and all buying companies want your diamond. There is now strong competition among companies to buy diamonds OTC (Over The Counter) from the public. If you have a diamond that is in high demand many buyers may offer you a premium liquidation price. The reality is that these buyers and companies still want to and try to buy the diamond for as little as possible to make a profit and stay in business. On the flip side, as a seller, you want to sell your diamond for the highest possible price. Use TheBuyReport.com "Liquidation Price Guide" to make sure that you get a fair and competitive offer for your diamond. Keep in mind that how your diamond is graded and by whom is critical when it comes to price. If your diamond is not graded and certified by one of the leading companies in the industry, expect a lower offer price than you anticipated. Most of these professional Buyers know how to grade your diamond. They will base their offer price to you on the actual quality of your diamond to the higher grading standards in the industry. They will not base their offer price to you from your paperwork if it is graded to lower grading standards. These Buyers usually do the best evaluation of your diamond and try to present you with a fair and competitive price.

MAIL MY DIAMOND INTO A BUYING COMPANY - CASH OFFER

Mailing your diamond to any commercial buying companies or commercial auction companies presents many risks and concerns. These type of companies are all over the Internet. Some of these companies may be reputable and others may not be. Some are even starting to advertise on television and social media. So many companies want to buy your diamond. They have their place in the market. Some consumers may be willing to ship their diamond to an unknown company if they like the advertisement and there are no local diamond buyers. These companies usually advertise that they will pay you more money for your diamond and send you fast payment. The reality is, that may not always be true. Some may offer you much less than other buyers. Some of these companies may be reputable local jewelers in their own market, trying to expand their business, but unknown to anyone outside of their local market. Usually, consumers with valuable and/or more important diamonds do not ship their diamond to these types of companies. There are many risks involved with shipping your diamond to an unknown company, use caution. If you decide that you are going to ship your diamond to one of these companies, make sure that you have already brought it to several other companies and received offers. Make sure that your diamond is laser inscribed for identification and you have shipping documentation. Once you ship your diamond to them, you no longer have any control of your diamond. It could get lost in the mail. A dishonest Buyer may switch your diamond, under grade your diamond, make a low offer or not send you payment for weeks or months.

  MAIL MY DIAMOND TO A BUYING COMPANY - ON LINE AUCTION

Mailing your diamond to any commercial buying companies or commercial auction companies presents many risks and concerns (see above). There are companies advertising on television and social media that if you ship them your diamond they will list it and auction your diamond and sell it for more money. The reality is, their claims may not always be true. Their advertising and claims are designed to get you to ship them your diamond. Remember, they have full control of your diamond once you ship it to them. Before you mail your diamond to them, take the time to read their terms and conditions that you must agree to. Also, search the Internet and BBB for consumer complaints so that you have a clear understanding. The auction may not go as well as you expected it to go, how they grade and evaluate your diamond may not be what you expected and how much you actually get paid and when you get paid, may be very disappointing. If you are going to auction off your diamond through a third party, make sure that you have a clear understanding of how the process works and the terms and conditions. Before you mail in your diamond make sure that you get several offers form local diamond buyers first.

LEAVE MY DIAMOND ON CONSIGNMENT WITH A LOCAL JEWELER

For many years, this was not a bad option and way to sell your diamond. If you are not in a hurry to get paid, this may still be an option to consider and a way to sell your diamond. It poses no personal security risks. Not all jewelers will accept diamonds on consignment. Because of the Internet and competitive Buyers in local markets, fewer and fewer jewelers accept consignment diamonds and jewelers. For many jewelers, the amount of paperwork and problems and issues, that can arise, are not worth the headache. Some of the issues can include the retailers policies. For example, layaway, selling on in house credit, charge backs on credit cards, credit card fraud, the return policy and when you actually get paid. Depending on the demand for your particular diamond, how busy the jeweler is, price and time of year will determine how fast your diamond may sell. You and the jeweler would need to agree on a price that you will be paid when the diamond is sold. You would also need to agree on how long the jeweler can keep your diamond on consignment, 3 months is not unusual. In order to make this work for the jeweler, the price needs to be set at wholesale price or below. Otherwise, the jeweler will have no financial incentive to sell your diamond to one of his/her customers. The jeweler may sell the diamond for as much or as little as he/she chooses. Use TheBuyReport.com price guides to help determine a reasonable price. Many of the jewelers who do accept consignment diamonds are often smaller private jewelers.

SELL MY DIAMOND ON COMPANIES LIKE EBAY

Selling diamonds on Ebay is very competitive. Ebay is a large platform that reaches many potential good buyers. You will be in competition with other private sellers, wholesalers, importers, estate sellers, dealers and pawn shops. Your price needs to be competitive. On Ebay you have different selling options available, such as:  Buy It Now, Auction and Make An Offer. If your diamond is in high demand and is well certified and laser inscribed with credible paperwork you could have very good luck selling on Ebay. As a private consumer, you will not have success if you try to sell your diamond for a retail price. Use TheBuyReport.com price guides to get a better understanding and to determine a value and price for your diamond. Do not pay attention to the high price listings on Ebay, they usually do not sell. Find diamonds similar to yours and review the "sold" listing prices. If you are not an established seller on Ebay many buyers may not have the confidence or trust to make an expensive purchase from you. On the flip side, it is best and more secure for you to sell to an established buyer, with a long history, with positive feedback and who has made many purchases. If a buyer wins the bid or clicks Buy It Now and has only made 1 or a few purchases and has a short history, you need to use extreme caution. it can be a problem. State in your listing that you will only sell to established buyers. Make sure that you read and follow ALL of Ebay's policies and procedures, recommendations and security concerns and warnings. You just don't need the headache of dealing with a dishonest buyer who is going to rip you off. A dishonest buyer could say that you did not ship them the diamond that you featured in your listing, they can say that they never received your shipment, they can say that it is not their signature, if they return the diamond to you they could ship you back a different diamond (lower quality or fake) and say that you are lying and blame the problem on you, they can put a hold on or stop their payment to you. In the end, you could lose your diamond and end up with a fake diamond and no payment. Not good! SELL AND SHIP TO ESTABLISHED BUYERS ONLY.

SELL MY DIAMOND ON COMPANIES LIKE MARKETPLACE, CRAIG'S LIST

You can successfully sell your diamond on these types of platforms (websites). You can sell your diamond to other private consumers looking for a great deal. Buyers will not pay retail prices but you can sell your diamond for more than the Liquidation Price that you would get from a dealer. Use TheBuyReport.com "Private Party Buy/Sell Price Guide to help establish a reasonable price to sell your diamond. However, there is risk involved, especially for an expensive item like a diamond. You are going to be meeting with the Buyer.You need to use extreme caution and security procedures necessary to protect your personal safety and from being set up and robbed. This is a serious problem and issue that can not be taken lightly. Follow recommended security procedures. The person could simply overpower you and steal your diamond and you may be injured in the process. Even if you meet at the police station to conduct your transaction, and the buyer leaves first, someone else could be waiting in another car and follow you to rob you. If you meet in a public place and the buyer leaves first, another person may be waiting to rob you when you leave. They want the cash back that you have in your pocket. The attack and robbery will happen fast. Make sure that you are not being followed. Never tell the buyer what kind of car you are driving prior to meeting them. Have them send you a picture of him/herself just prior to meeting with them. Use your best judgment and security procedures to minimize risk. Also, keep in mind that the Buyer may be an honest person using security procedures, just like you.

SELL MY DIAMOND TO A FRIEND OR FAMILY MEMBER

SELL MY DIAMOND TO A PAWN SHOP

TRADE MY DIAMOND AT A JEWELER FOR OTHER JEWELRY

Trading your diamond for other jewelry presents a fun and interesting opportunity for both you and the jeweler. If you are a jewelry person, this is an opportunity for you to get some fun, exciting and new jewelry with out having to pay any money out of your pocket. The jeweler is almost always willing to give you more for your diamond in trade dollars than they would if they were paying you the Liquidation Price (see trade Value Price Guides). This usually work out better for both parties. Some jewelers do not accept even trades. Some jewelers may have a few restrictions on trade items such as watches or items that are on sale, this is not uncommon. Work with the jeweler and put together a fair deal that works for both parties. Often, to comply with State and local buying laws, the jeweler may need to complete the trade in two separate transactions, one to buy your diamond and another one for the jewelry that you have selected. This is common and often required. This type of transaction is usually a final sale and no returns or exchanges can be allowed.