Selling your jewelry is a great idea for getting quick money during this Coronavirus pandemic. Here is a guide for selling diamond jewelry fast and safely.
Since the outbreak of Coronavirus in the United States, more than 6.65 million people have filed for unemployment. In these uncertain times, you might be pleased to know that there’s fast money to be made from your very home.
Diamonds vary in value depending on their size from $1,500 to $21,000 or more! So if you’re short on cash then selling diamond jewelry that you own could get you out of a tight spot.
To make sure you get the best possible price for your diamonds in Chicago, there are several things you need to do. In that case, you’re in the right place!
Read on to find out our five top tips for the best way to sell jewelry quickly and safely in Chicago.
1. Identify What You’ve Got
Before you start to sell your diamond jewelry, make sure you know exactly what you’ve got.
Do a thorough search through your jewelry boxes and examine each piece. If possible, make a note of the history of any of your jewelry that you are aware of. You may find it easier to get in touch with other family members or friends to find out more about your jewelry.
This is important as it helps you to identify what is particularly valuable in your collection. You should also make a note of any specific characteristics of your diamond jewelry. For example, the color of your diamond may affect its value.
Once you know what you have you can use this information to start doing some research into the kind of price you should ask for.
2. Do Some Research Into Pricing
Once you know what you’ve got, the next thing to do is figure out what it’s worth. This is important as it will ensure that you get a good deal later on.
You could take your jewelry for an independent appraisal by an expert. They will be able to tell you exactly what the value of your jewels is based on the current market. They may also be able to help you by discussing your pricing strategy moving forward to help you get a good deal.
However, if you can’t go to an appraisal in person you can still find out a lot of information by going online. When doing this, focus on sites that sell diamonds that have been pre-owned, such as eBay, rather than ones that sell new items. You should keep in mind that your diamonds will be worth less than brand new ones.
Have a look for items that seem similar to yours and make a note of their asking prices and the final selling prices. You could also get in touch with other sellers for their tips.
3. Prepare Yourself Emotionally for Selling Diamond Jewelry
You may not realize it until it comes to handing your jewels over, but this can be a very emotional exchange.
Often our precious items of jewelry come with a story behind them or are tied to a significant relationship. Because of this, handing them over can be difficult.
This is why it is important to take a moment to really think about what you are selling before you get in touch with buyers. This will give you the opportunity to reflect on the information you have gathered and decide whether you feel that the sale is worth it.
Acknowledge why you may find letting go of a particular piece of jewelry hard and make peace with your decision before the sale. This will prevent you from having any last-minute wobbles. These are not things that you want to happen when you are speaking to a potential buyer as they could jeopardize the sale.
Taking this time also ensures that you are comfortable moving forward.
4. Shop Around For a Buyer
When it comes to selling jewelry fast, especially online, it can be tempting to take the first decent offer you get. However, holding your nerve and shopping around to find the best buyer could pay off. There are plenty of places you can go online to sell your jewelry.
You could use bidding functions on sites like eBay. However, one of the downsides of this is that you may be waiting a while to get any bids. Or you may not get much money for your diamonds.
Do you best to avoid approaching pawn shops to sell jewelry. These shops are not specialists and may take advantage of your current financial situation.
5. Get in Touch With a Diamond Buyer
Finding a specialist diamond buyer is an absolute must if you want to sell your jewelry quickly and at a good price.
These buyers specialize in diamond exchanges and you will be able to engage them quickly to discuss your items. That way you don’t have to wait around on potential buyers bidding on your items or risk getting a poor deal from a crook.
When looking for a diamond buyer, make sure you go for someone trustworthy with a good reputation. This will ensure that they have experience working with diamonds and will offer you a fair price.
Give Us a Call Today!
If you’re thinking about selling diamond jewelry to free up some capital, these top tips will ensure that you get the best possible deal. Make sure that you do your research and speak to a professional diamond buyer in Chicago.
For more help selling your jewelry, check out our top tips on finding a trustworthy diamond buyer in Chicago.