The time has come and you are ready to sell your diamonds to a qualified established diamond buyer in Chicago. Maybe it is a wedding or engagement ring from a marriage or an engagement that has ended or maybe it is a diamond that has been passed down through the family that you would like to convert into cash, no matter what the story is behind your diamond you have decided that cash would be of better use. You have located an established professional diamond buyer in Chicago, here is what to expect. To help you better understand the process of diamond selling, the following 3 tips will help you prepare before cashing in your diamonds.
1. Realize the difference between retail and wholesale & sentimental attachment versus the intrinsic value: Just because the person who passed down that diamond ring to you said it’s worth a certain value/amount or you may have a retail replacement appraisal given to you by the retail jeweler that you purchased it from, does not necessarily always mean that it is the case in reality for re-sale. A qualified appraiser like the experts at Chicago Gold Gallery ,will be able to tell you about the stone’s characteristics: color, clarity, cut, condition, proportions, and highlight and explain positive and negative attributes that can and does affect its value.
2. Be realistic: An expert appraiser follows and is aware of current market trends and values on a weekly basis and will be able to help you understand the value of your diamond.
3. Be emotionally ready to part with you items: An important part of selling your diamonds that you may not consider is parting with your piece emotionally. Diamonds can often be a symbol of passion or love, seemingly making them harder to part with . When you make the decision to sell your diamonds, you should leave your emotions behind. The sentimental value may raise the price of the diamond in your eyes, but your buyer sees the true current secondary market value.
Here at Chicago Gold Gallery, we have been buying diamonds in Chicago since 1980. We specialize in buying larger diamonds 1 karat & larger and will also purchase diamonds of all shapes and sizes. Our trained G.I.A experts will take the time to analyze your diamond to insure that you get the maximum, value and top dollar for your diamonds.
Additionally, we will weigh, color grade, and clarity grade your diamond in front of you as you watch. With our knowledge and experience, you will know and feel confident that you are selling to the best diamond buyer in Chicago and getting the most for your diamonds & jewelry!