There are various kinds of diamonds available in the market. Some are mounted in jewelry while others are not mounted; the term "loose diamonds" is used to describe these. Typically, buyers choose to purchase loose diamonds to be mounted on an already chosen ring or other type of jewelry. Before selling your diamond, you should research on the current market prices for your piece. Various factors will determine your diamond's price.

Selling Your Diamond For the Best Price

Always ensure that your diamond is in compliance with the Kimberly Process that ascertains that the quality of your diamond is undisputed. Visit as many buyers as possible to find the best price for your diamond ring. Do a background check on your prospect traders to determine their reputation and legitimacy too. To avoid being duped, you should know as much as you can about the kind of stone that you own, enabling you to get the best compensation for your possession.

Engaging an independent gemologist is highly advisable to determine the real value and compliance of your ring. Some of the main factors that will determine the price of your ring include the carat weight of the diamond. The more the carats weight of the diamond on your ring, the higher the price.

Shape

The price that buyers will offer when you are selling your diamond ring is also determined by the shape of the diamond. There are a variety of shapes, but the most common are hexagonal and round. Round-shaped diamonds are the most popular and have the highest demand. Research has proven that round diamonds are generally worth a massive 40% more than the other shapes due to this high demand. Furthermore, the high price results from the fact that round-shaped diamonds have a lower yield-from-rough when compared with other shapes.

Cut Quality

The cut quality will also play a role in the amount you will get when selling your diamond, with premium and ideal cut classes being more expensive when compared to other cut grades. The cut determines the amount of glow and the color shade. When trading in diamonds, color grades D to I are acceptable. Clearer diamonds are considered to be pure and are more expensive. A diamond that is clear even under 10x magnification is the most refined and expensive type of rock.

Ralph Mueller and Associates advise that you should only trade in diamonds that are certified by GIA and AGS. Thus, when selling your diamond, weight, clarity, shape, and size are the primary determinants of the prices.