To get the best deal regardless of where you go, keep these three things in mind:
They may not have the immediate cash flow to buy very expensive stones outright and might suggest "consignment" instead. 2. Diamond Bourses and Wholesalers
If you live in a major metropolitan area, you may have access to a diamond district or wholesale exchange. These businesses buy and sell stones in high volume. place that buys diamonds near me
Fast payment (usually cash or check on the spot) and a professional, no-nonsense appraisal process.
They are experts who understand the current global market value of your stone. 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.
Personalized service and the potential for a higher offer if the diamond fits their specific clientele. These businesses buy and sell stones in high volume
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