You have a diamond, but don’t know what to do with it.
Selling diamonds is not always easy and can be a hassle.
Chicago Diamond Buyer has been in the business for over 15 years and we are the best cash for a diamond company in town! We pay cash on the spot when you sell your old diamond jewelry to us, so there’s no need to wait around wondering if someone will buy them or not.
We’ve been buying diamonds from people like yourself who want cash fast since 2001, so you can trust that we know what we’re doing when it comes to selling your old diamond jewelry today!
When looking for cash for diamonds, remember that Chicago Diamond Buyer is the best place to go. We have a wide selection of cash buyers who are more than happy to buy your diamond jewelry, and we will always offer you the best price possible.
What Are The 4 Best Ways to Get Cash For Diamonds?
1) Sell Them To a Jeweler
Cashing in on old diamonds is easiest when you go straight to a jeweler. Diamonds trade hands every day, and they need stock for their jewelry displays. That’s why prices can be so high–it’s a cash business, no questions asked.
These types of transactions often only net you 50-70% of what your diamond is worth, but it’s often cash upfront with an easy transaction. Simply take your diamond into a store that buys diamonds from the public and they’ll weigh it, give you cash or a check, and you’re done.
2) Pawn Them
If you don’t have time to go to a jeweler, or if the diamond is too small for them to be interested in, you can pawn it instead. This means that you’re giving the diamond to the pawnbroker as collateral for a cash loan.
The pawnbroker will then hold on to the diamond until you come back to pay off the loan plus interest. If you don’t come back, the pawnbroker gets to keep your diamond and sell it at their leisure. Pawnshops usually give 60-80% of what your diamond is worth, and like jewelers, they offer cash on the spot.
3) Sell Them Online
If you’re not in a hurry and aren’t cash-strapped for cash, selling diamonds online can net big bucks. But like many sales, it requires patience and research to find the right buyers.
Be careful when choosing where to sell diamonds online (sometimes local pawnshops offer better prices than the Internet), but avoid scams by using diamond verification tools and getting cash offers from multiple sellers before selling your diamond.
Diamonds are easy to ship and will arrive looking brand new. You’ll get cash within 1 week of selling your diamond and 100% of that cash (minus shipping) goes into your pocket!
4) Sell Them Back To The Diamond Buyer
Instead of selling your diamonds back to a jeweler or pawnbroker, you can also sell them back to the diamond buyer. This is a great option for those who want cash now instead of waiting for a check or cash from a sale.
Diamond buyers often give more cash on the spot than jewelers and pawnbrokers, and they don’t require you to have the diamond with you to make a deal. Simply find a reputable diamond buyer in your area, get an offer, and walk away with cash in hand.
No matter which way you decide to go, always remember to do your research! Cash offers vary greatly depending on the size, cut, and quality of your diamond so it’s important to compare before making any decisions.
Getting Cash for Diamonds FAQs
What is the difference between a jeweler and a diamond buyer?
Do I need to have the diamond with me to sell it?
What are the benefits of selling my diamonds online?
Selling your diamonds online has several benefits, including:
- You can sell larger or more valuable diamonds than you would be able to at a local jeweler.
- There are many reputable diamond buyers online, so you have a lot of options to choose from.
- Selling your diamonds online is convenient and easy. You can do it from the comfort of your own home.
I’m not sure what my diamonds are worth, can I still sell them?
Yes, you can still sell your diamonds even if you are not sure what they are worth. Most reputable diamond buyers will offer an appraisal and evaluation service free of charge. This means you will know exactly how much your diamonds are worth before making a sale.
Do diamonds lose their value over time?
Yes, diamonds do lose their value over time. Diamonds are considered the hardest material on earth and therefore they do not degrade (discolor) as other gemstones can. But diamond cut quality does diminish over time due to the general wear and tear of the ring for everyday use.
When you sell your diamonds, it is always best to have them sent to Chicago Diamond Buyer so that they can be assessed by our GIA graduate gemologists who specialize in color, clarity, and carat weight grading.
How do you tell if a diamond is real?
There are a few ways to tell if a diamond is real. One is to look at the diamond under a jeweler’s loupe, which is a magnifying glass. Another is to use a diamond tester, which will test the electrical conductivity of the diamond.
If it passes, then it’s likely real. However, keep in mind that both of these methods aren’t 100% accurate – so it’s always best to get an expert opinion.
Chicago Diamond Buyer offers a free mail-in diamond appraisal and evaluation service that is convenient for customers!
You won’t have to leave the comfort of your own home, and they’ll appraise your item within 24 hours of receiving it.
How much is a 1-carat diamond worth?
With a diamond, the value of a 1-carat diamond is going to vary greatly depending on cut, clarity, and color. We recommend that you get an appraisal from either us or a local jeweler in order to determine the exact worth of your diamond.
Diamond Buyer Expert Tip: It will help a lot if your diamond has a grading certification from the Gemological Institute of America (GIA) as it is one of the most reputable diamond grading laboratories in the world.
Are there any other ways of getting cash for diamonds?
Let’s face it, everyone wants to make money – however, not always do people know how to go about doing this. Understanding the best way to sell old diamond jewelry is key in order to get the most money out of your items.
There are other ways of getting cash for diamonds, but the aforementioned four methods are by far the most common and straightforward. Just remember, if you’re not comfortable selling your diamonds online or in person, then pawning them is always a valid option.
There are several things that play into how much diamond jewelry is worth.
Are you considering getting cash for your old unwanted or broken diamond jewelry?
If so, please read on for a few tips on how to make sure you get the most cash possible for your diamonds.
1. Determine the Diamond’s Value
In order to get the most cash for your diamond jewelry, it is important to first determine its value. This can be done by sending your diamond to a qualified gemologist in order to determine the exact value of your diamond.
In order to get an accurate estimate of the worth of your diamond jewelry, using a professional appraiser is always a good idea.
This will help to ensure that you are not taken advantage of when trying to sell your diamond jewelry.
2. Know Your Style
It is very important that you are aware of the style that you are looking for when trying to sell diamonds in order to get cash fast.
Do not assume that just because you have a diamond, it means that you have to sell it as diamond jewelry. Diamonds can be cut into many different shapes and styles in order to fit the buyer’s needs, so be sure to keep an open mind when it comes to what is available.
3. Look for a Reputable Jeweler
4. Research the Market Value
It is also important to be aware of the market value for diamonds when attempting to sell them. This can be done by doing a quick online search or by consulting with a qualified jeweler.
If you’re looking to sell your diamond, we can help!
We buy diamonds of all shapes and sizes. Whether it’s a ring, earrings, or even loose stones, we will give you the best price in town for them. Our customers have been coming back to us for years because they love our service and prices.
You can trust that we know what we are doing when it comes to buying diamonds from people like yourself who want cash fast.
We pay top dollar for your diamond so you don’t have to worry about getting ripped off by some fly-by-night company that doesn’t care about its customers at all. With over 15 years of experience behind us, there is no one better than Chicago Diamond Buyer when it comes to selling your diamond quickly and easily with no hassle!