In recent years, as more and more television ads appear, inducing viewers to sell their gold, diamonds and other precious metals and gemstones to the firm on their screen, the risk of doing so has ballooned. Simply put, this is not often an option that’s likely to give you a fair or even tolerable sum of money in return. If you find yourself asking, “Where’s the best place to sell my diamonds in Indianapolis, IN?” it’s a good idea to consider your options rather than just selling to the first potential buyer you encounter.
The decision to sell your diamonds isn’t one to be entered into lightly. In fact, before you sell your diamonds, there are a number of factors you need to consider, just to ensure you’re making choices you can be comfortable with. Here are several of the major factors you should keep in mind when selling your diamonds:
- Be sure you know what you’re selling: In a lot of ways, diamonds are like any other heirloom or collectible item. People have a tendency to talk up their value, whether they have any particular knowledge or understanding of how diamonds are priced. Rather than strolling into a diamond buying establishment and expecting a sum of money that might get you laughed out of the place—or that might be substantially lower than it’s actually worth—have your diamonds appraised. Second and even third opinions can’t hurt.
- Be sure you’re actually ready to sell: The conditions under which you’ve decided to sell your diamonds can influence you in a number of ways. Some people sell their diamonds because they genuinely have no use for them, nor do they have a desire to keep them around. Others need money. Whether you’re in an emergency or you’re looking to make a major purchase can make a difference in how you approach the sale. Regardless of your situation, it’s good to take a step back and determine whether selling is really the best or only option. An impulsive sale may become a source of regret in the future.
- Understand that you have selling options: So you’ve ruled out the diamond buyer screaming from your TV at three in the morning—what other options are out there? As it turns out, there’s actually a sizable variety of potential buyers, and again, the best choice may largely depend on how much you know about the diamonds you’re selling. Pawnshops aren’t likely to give you much money. Sites like Craigslist and eBay involve a certain amount of risk, and both have their pros and cons. If you’re not in an urgent situation, another option is working with a local consignment shop. But your best value is often likely to come from working with a diamond buyer. You’ll be able to sell faster, and probably for more money.
At Diamond Stamp & Coin, we’re committed to offering fair market value to our customers, whether they’re selling diamonds, coins, stamps or other collectibles. Honesty and fairness, along with top-notch customer service, are the cornerstones of our business. If you’ve decided, “I want to sell my diamonds in Indianapolis, IN,” come in and see us. We look forward to serving you!