To sell a diamond that you own, pperhaps you’ve gotten divorced, or you are strapped for cash. The rreasons why don’t really matter counts! The way to obtain the best price for the diamond is to not be in a rush. Slow down, and carefully consider all of your options.

Step 1: Have the diamond appraised.

To find one, contact the Appraisers Association, If you can’t wait, look in the Yellow Pages under Appraisers and check the appraiser’s affiliations.

Step 2: Ask the appraiser for the Rapa port value.

Rapa port is a wholesale price sheet published in New York that tells jewelry stores all over the country the prices they should pay for diamonds. The Rapa port prices are wholesale. The price the appraiser gives you will be the highest price you can get for your diamond.

Step 3: Find a Buyer

Going to firmly guide you away from most of family or friend, and a jeweler.

1. Family or friend: This is my top recommendation hands down. I’ve seen people try every which way to sell a diamond or piece of jewelry, then finally discover that a family member or friend would love to buy it.

2. Jewelry store: Before the jeweler starts a spiel about how poor your diamond is, show him the appraisal. the jeweler will probably make you an offer that is below “dump value.” it means 60-80% of the diamond’s Rapa port value, and it’s the lowest price a diamond should ever sell for.

3. Newspapers: The premise is simple: you take out an ad; a buyer calls you and gives you money for your diamond. Furthermore, placing an ad exposes you to all sorts of people including crooks who want to steal your jewelry.

4. On consignment: A jeweler might say, “Hey, why not leave your diamond with me and I’ll sell it on consignment and make big money for you.”

Your final option should be a jewelry store, your sight while in the jewelry store – you might find that the diamond you walked in with is not the same diamond that you walk your diamond is of poor quality or low weight. If the jeweler is fair, they will offer you Rapa port Value. Do not accept anything less than this. Again, do not let the diamond out of your sight until you have been paid for it.