If you are seeing an increased number of billboards stating, “We buy gold and diamonds,” it is understandable.
There is an increase in the number of jewelers who are re-stocking with gold and diamonds bought from the public, rather than buying from wholesalers. Gold Cash Buyers is here to help you sell your jewelry, and get you cash for gold and diamonds.
When selling gold, most people go to a bullion dealer or pawn shop. Although it is convenient, it is not the most recommended way to sell gold. This is because a dealer will always give you the lowest return on investment. They may not even give the true value of the jewelry to leave room for negotiation. Even you try your best-negotiating skills, you will receive far below what you can get from a reputable bullion dealer.
Selling Your Jewelry
While the prices of diamonds are rising and the time is right to sell, selling your diamond can be a big headache. Unlike gold, which possesses a melt value and can be quantified, resale prices for diamonds have no objective measure. This makes inexperienced sellers confused and overwhelmed. However, here are a few steps that can help you in selling jewelry.
Cash for Gold and Diamonds: Know What You Have
Before rushing to the market, it is a better idea to get a clear picture of the diamond or gold’s authenticity and quality. Gone are the days when you believe what Granny said about the old diamond ring being extremely expensive. You can get help from a qualified appraiser, preferably the one that does not buy or sell diamonds-as he can give you an unbiased opinion of the stone’s quality, characteristics, and condition. By doing this, you can get to know the positive and negative attributes that can help you in getting a good deal. In the case of gold, you must keep track of the current spot price of gold and compare the buyback prices from dealers in your area.
Set A Realistic Price
Having unrealistic price expectations for your diamond or gold jewelry is the quickest way to disappointment with no sale. For diamonds, you must follow current market trends. Gold bars, gold coins are higher in premium as they have sophisticated designs. Gold jewelry is costly too as its price will also depend on the craftsmanship involved. The least expensive scrap gold option is the bullion jewelry that is comprised of only gold and this avoids the high mark-up of jewelry. Premium is charged by all dealers and you must try to find a reputable dealer with competitive premium
Cash for Gold and Diamonds: Investigate Your Selling Options
You have two options to re-sell. Either directly to the consumer, or to the jewelry industry. If you want to sell quickly, safely, and with no fuss, then search for a jeweler, pawnbroker, or diamond dealer. The most recommended dealer is the one who has good repute or whom you trust. The downside of selling in the industry is the not-so-good price that you will be getting. As the dealer intent is to make a profit from your stone or jewelry, they will pay you less than retail value.
Here at Gold Cash Buyers, we guarantee you a fair market appraisal. You will receive your top dollar offer in as little as 24 hours. Our team of professional gold cash buyers will work hard to deliver the most money for your precious metals and diamonds. If you have any questions, don’t hesitate to give us a call at our toll-free number 1-877-857-6227.