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How to Value your Diamond Ring

Planning to sell your diamond ring? Wondering how much it will fetch? Depending on when and where your diamond ring was purchased, you may have documentation which specifies its value. If such documentation does not exist or has been lost, you can always go to a jeweler or gemologist and have a new valuation made. If possible you should try to get more than one valuation. Make sure that you deal with reputable companies. Most good jewelers will have a dedicated member of staff who functions as a certified appraiser.

When you sell your diamond ring, the price can vary widely, from hundreds to thousands of dollars. It all depends on what you really have. The most common characteristics affecting the value of diamonds are the four Cs.

Clarity: Diamonds are valued for their internal purity. The less imperfections, the more valuable the diamond.

Carat weight: A carat is a unit for measurement equal to 0.2 grams. The size of a diamond can affect its value. Bigger in this care is better.

The price paid originally for your diamond ring may bear no resemblance to the resale price. Subject to its condition, its size and its grade your ring may recoup 1/3 or less of its original cost. One reason for this is that jewelers sell diamonds at perhaps double the price of the wholesale purchase. This is to cover the extensive overheads involved. Retail tax also has to be taken into account. And of course, damage accrues even to diamonds.

When you sell your diamond ring, shop around for the best price. Dedicated diamond buyers can often offer better prices than jewelers because they don’t have the same overheads. 

We invite you to learn more here:

www.sellmydiamonds.ca