How To Sell Loose Diamonds At The Best Offer

A loose diamond is the end-product of a diamond after it comes from the mine. It is usually ready for sale and can come as a ring, pendant, or earrings. The loose diamond business is quite lucrative, and the number of dealers continues to increase daily. The buyers are usually investors who love to hold loose diamonds as assets. 

If you have a loose diamond that you want to convert into cash, these are the people that you should go to. How do I sell a loose diamond? Here are some useful tips for you.

Loose Diamonds

1. Do due diligence of the buyer

To get the best offer, you need to work with a professional. The only way to find out is by looking at a buyer closely and ensuring they have the right certificates for the job. Working with a quack will only lead to getting an amount that is way lower than your gem’s quality.

A certified dealer will be able to look at the cut, color, clarity, and carat to get an accurate value of the gem and compensate you fairly. To further assess the dealer’s expertise, you can ask questions about the diamond market. If they can answer all the questions confidently and provide more information on the gem’s buying and selling, you can be sure that this person has specialized in the field.


2. Never sell under pressure

If you are under pressure to sell, the chance is high that you will take any amount the dealer is willing to give. Even if you are selling a loose diamond from an emotional experience, make sure that the dealer does not see that, as they will not miss the chance to take advantage and pay lower than the gem deserves. 

Never be in a rush to sell your diamond. Think through your decision, take time to come to terms with the loose diamonds’ value, and then approach the buyer. Remember that you don’t have to sell immediately; you can shop around for other buyers to get the best deal.


3. Carry supporting documents

Appraisals and supporting documents can help bring the buyer to speed on the value of the gems when you buy them. With such value on paper, it will be easier to raise and go with the buyer’s price. 



Like when selling any other product, it is your job as the seller to know your diamonds’ value. Understand that a diamond with no scratches and chips should deal better than some dents. 

Considering the investment you have made in ensuring that the diamond is in perfect shape up to the date of the sale, factor that into your selling price. Once you know your product’s worth, the buyer will have difficulty cheating his way into low prices.