How to know if my diamond ring is valuable? A complete guide
Heya, we all admire the beauty of a diamond piece, whether it is an engagement ring, a necklace, a pendant, earrings, bracelets, or other accessories. We all love to beautify ourselves by wearing it in a different diamond jewelry style.
So, what made you want to find out what things are looked at by estate diamond buyers to identify the real price? Anyway, whatever the reason is, we’ve penned down every detail to make you understand how gem settings are valued and what characteristics can make them expensive and in demand when sold.
How do jewelry buyers quote prices on diamond rings?
To determine the price, antique diamond appraisers examine a few major things in the setting. This makes them quote the right price and tell whether your vintage diamond ring is highly or less valuable. Let’s check it out:
1) Size, Type, and Quality
This indicates the setting of a diamond with some gemstones like ruby, amethyst, jade, opal, etc. The price of a diamond with its gemstones is considered by the buyer to quote the price. Additionally, the precious stone’s shape, whether it is oval, round, square, cushion, heart-shaped or square-shaped, is important. The next thing, which is the most important part, is visualizing the diamond’s 4 C’s, i.e., cut, clarity, color, and carat. This indicates the quality of the piece and helps the buyer determine the right price for the product.
2) GIA Accreditation
So, if you have a diamond engagement ring and want to sell it, It must be certified by the Gemological Institute of America, which has passed the test of being a quality piece. The test of 4C’s, which is done by GIA appraisers and if in favor with every C, then the piece is quoted to be certified. And this benefit makes the gem setting highly valuable.
3) Craftsmen
The next thing considered is the designer. This means which brand designer or how old the craftsman styled the ring. For example, if it is fashioned by Tiffany & Co., Chopard, Cartier, or other branded designer company, then the price touches the sky when it is sold or bought. Also, chances increase when you have the jewelry box set and also the original paperwork.
4) History
Yes, when the diamond is produced and created into a ring or other setting many years before. A vintage and antique era is defined by a lifespan of 20 to 30 years OR 50 to 100 years. This retro-chic and ancient times diamond perfect quality makes the diamond ring more valuable than the newly created one.
5) Condition
The next thing that is looked after is the condition; whether the precious stone is in good condition, i.e., without any major damage to it. The more damaged, the less likely to be sold at a good price.
6) Material
The other thing that increases the price is the metal type of the ring in which gem pieces are embedded. Whether it is platinum, gold, white gold, and so on, the price is quoted by considering both metal and precious stones.
How to sell my diamond ring?
First, a fall, let’s have an overview of the main aspect of the article. So, there are numerous ways you can sell your gem jewelry. So, what are those? If dealing online, there are a few authorized websites of diamond ring buyers who operate their business online.
To contact them, simply fill out the contact form on their website, receive a price quote, meet in person or send the items to them, and finally, receive the amount for the sale in just a few steps.
OR, if you prefer to visit a physical jewelry store near you, simply go there give your gem ring for the further process, and the rest will be handled by them. Therefore, after visiting you just have to gather the information and receive the quoted price. That’s it.
Sell it to an antique diamond ring buyer.
Here is the complete guide to make you know “how to know if my diamond is valuable or not.” If you find these key points in your inherited precious piece, you are undeniable very lucky to get an amazing price.
Furthermore, apart from those points, a professional diamond ring buyer also considers the purchase price. It is to be said that you will get 20–45% of the market price. If you’re selling a gem ring or other jewelry, the price is affected by the buyer’s gross profit. Always remember that the larger jewelry stores are likely to add more than mid-sized stores.
Embrace the beauty of nature’s creation by securely dealing with precious stones. Therefore, gather more facts about the gem world and become a pro!
