Any company can advertise that they purchase and sell diamonds. However, most companies that make these claims aren't actually qualified to evaluate diamond jewelry and assign a fair price to it. When you sell diamonds, you want to get the highest value that you can for your jewelry. Working with a reputable company that specializes in diamond jewelry and is closely involved in the diamond market ensures that you will get the funds that you deserve.

Seek out a company that employs GIA graduates

The specific characteristics of a diamond dictate its value. As such, you need to sell diamonds to someone who can grade them accurately. The Gemological Institute of America (GIA) created the diamond industry grading scales (cut grade, clarity, and color) that are still used today. Generally GIA graduates are the most knowledgeable about diamond grading.

Steer Clear Of Fast Cash Promotions

Most businesses that are primarily interested in gold but also buy diamonds don't know very much about diamonds, including how to grade them properly, and most likely aren't going to pay much for the diamonds. Anyone can use the current market price to calculate the worth of a gold piece. Determining the value of diamond jewelry is much more complex. Typically pawnshops aren't a great place to sell diamonds either. As most pawnshops accept a wide variety of items, they don't have extensive knowledge of diamond jewelry.

On a similar note, you should also be wary of companies that send high values via email quotes and that promise that you'll get paid via PayPal. The company that you choose should have a brick and mortar location and working phone number and should accept multiple types of payment.

Do Your Research

Use sites that allow direct customer reviews, such as Angie's List and Thumbtack, and other trusted sites, such as the Jewelers Vigilance Committee. Avoid sketchy review sites, such as “independent” ranking sites for “top” diamond buyers, which are most likely using sneaky online marketing ploys to rise in the search engine rankings instead of hard, honest work.

Finding the right diamond buyer for your valuable jewelry isn't always an easy task. However, taking the time to learn how diamonds are valued and to seek out a qualified jeweler or diamond company will be well worth the effort.