To get the best deal regardless of where you go, keep these three things in mind:
They are looking for a profit margin to resell to retailers, so their offers are strictly "wholesale." They can also be intimidating environments for a first-time seller. 3. Professional Coin and Bullion Dealers
Because pawn shops take on high risk and need fast turnover, their offers are typically the lowest—often only 30% to 50% of the diamond's actual resale value. Tips for a Successful Sale place that buys diamonds near me
Pawn shops are the most accessible local option, but they should generally be a last resort if your goal is to maximize profit. Immediate cash and no appointment necessary.
They may not have the immediate cash flow to buy very expensive stones outright and might suggest "consignment" instead. 2. Diamond Bourses and Wholesalers To get the best deal regardless of where
"Appraisal value" (for insurance) is much higher than "resale value." Expect to receive a percentage of the original retail price, not the full amount.
Never sell to the first place you visit. Get at least three offers to establish a baseline for what your diamond is worth in the current local market. Tips for a Successful Sale Pawn shops are
They may focus more on the "melt value" of the metal setting than the artistic or brand value of the jewelry piece. 4. Pawn Shops