There are many reasons why you may want
to sell a diamond that you own. Perhaps
you’ve gotten divorced, or you are strapped
for cash. The reasons why don’t really matter
– getting the best possible price is what
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 – there are many.

First, have the diamond appraised. In fact,
have it appraised by two or three jewelers to
get an accurate idea of the diamonds value.
Tell the appraiser that you want the Rapaport
Value. This is the wholesale value of the
diamond, and it basically tells you the highest
price that you can sell your diamond for. If your
diamond has no certificate, you should
consider getting a certificate from GIA. This
may help you get a better price for the
diamond as well.

First, try to sell the diamond yourself, to
people you know. Friends and family
members may be interested. If you don’t have
any luck with friends or family members, you
should turn to outside sources. Absolutely
avoid pawn shops! A pawn shop will only offer
you about 10% of what the diamond is worth!
Also avoid offers of selling the ring on
consignment. There are many things that
can go wrong, and there is no shortage of
diamond scams – even in well known
jewelry stores.

If the diamond is important, you should
strongly consider auctioning it off through
one of the famous auction houses, such as
Christie’s or Sotheby’s. If it isn’t what is
considered an ‘important’ diamond or a
high-end diamond, you should try to sell it
to an individual using classified ads, or even
eBay. However, selling to an individual that
you do not know could put you in danger –
especially if the diamond is worth a lot of
money.

Your final option should be a jewelry store. It
is vital that you not let your diamond out of
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
out with! The jeweler will try to tell you that
your diamond is of poor quality or low
weight. Inevitably, there will be some
problem with the diamond. This is where
your appraisal and/or certificate will come
in handy.

If the jeweler is fair, they will offer you
between 60% and 80% of the value of the
Rapaport 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.

If you are a creative person, with a great sense of
style and flair, you may be able to start your own
business – making and selling jewelry wholesale.
Because people are so very unique, they want
jewelry pieces that are unique – one-of-a-kind
pieces that nobody else in the world owns! This
desire can make you quite a bit of money –
simply start your very own jewelry wholesale
company.

You can easily order wholesale supplies from
hundreds of companies around the globe online –
at really low prices. It is important to keep up with
how much each part of each piece of jewelry costs
you, and to get a total cost of each piece, including
any expenses that you had for having supplies
shipped to you. With the total cost figured, you can
easily set your prices by adding 15% to the cost.

You can sell your pieces in a variety of ways. You
can open your own online wholesale jewelry store,
sell to local jewelry stores, rent booths at local flea
markets and fairs, or advertise your jewelry making
skills and take orders for unique pieces. You can
also sell your pieces on consignment at boutiques.

You want to be known for your quality. Always
select the highest quality gems and stones for your
pieces, and make sure that the craftsmanship is
outstanding. Become exclusive, and more people
will want to purchase your pieces – and never make
any two pieces alike.

However, you can also go the other route and make
hundreds of identical pieces, as they are ordered.
You do this by making one very unique, high quality
piece, and showing it to your local jewelry stores.
Ask them if they would like to order in bulk, then fill
the order.

Another option is to do catalog sales. Make enough
pieces to fill a small catalog, and take pictures of
each piece. Write a description for each piece and
then put together your own catalog using software
and a good printer – or send the work to a print
shop. You can send these catalogs out to a list
that you obtain from a direct mailing list company.

This type of business does require creativity and
skill, but it also requires the ability to market
yourself and your jewelry. You need to have
business cards printed, and also have catalogs and
brochures printed as well to market your jewelry
wholesale business.