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A Step-by-Step Guide to Selling Diamond Jewelry
You’ve inherited valuable diamond jewelry that you want to sell. Or, perhaps, you wish to liquidate some items from your collection to serve your financial needs better but don’t know where to start. We understand because many of our customers have also found themselves in your position. Selling diamond jewelry is a relatively easy process if you know what to expect and have the right buyer to help you secure the highest amount for your valuable gems. Qollateral is here to help you understand the process with a straightforward step-by-step guide on how to sell diamond jewelry for cash and how to find a reputable buyer. Read on to learn more.
Contact us to secure an offer for your diamond jewelry within 30 minutes.
How Does The Process Work?
Monetizing your diamond jewelry includes shopping around for the best price. That might consist of securing various quotes from different buyers. Qollateral is an excellent place to start. We offer free, no-obligation diamond appraisals here at our NYC offices. An experienced jewelry appraiser will evaluate your assets while you relax in the comfort of our secure offices in the famous International Gem Tower. The process is discreet and safe and can be completed as soon as the same day if you choose. Here are the steps:
- Step 1 – Clean your jewelry: Ensuring your diamond jewelry looks its best can potentially net you a higher offer. A clean piece can appeal more to a potential buyer than one obscured by dirt or grime.
- Step 2—Know your jewelry: Knowing the type of diamonds in your jewelry, including diamond shape, carat size, and quality, can help you better understand its value. Qollateral can help you determine that information during the appraisal process.
- Step 3—Secure a qualified appraisal: An appraisal will ensure that your jewelry is genuine and give you a clear understanding of its worth and, as a result, how much you can expect to sell it for. People often tend to overvalue or undervalue inherited assets. An appraisal will provide realistic expectations when it comes time to sell.
- Step 4 – Do some market research: Now that you know how much your jewelry is worth, how much are similar items trading hands for on the pre-owned market? Knowing current trends will help you negotiate the best price.
- Step 5 – Find the best diamond jewelry buyers: While securing the best price for your diamonds is paramount, so is finding the best buyer – someone you can trust who is highly rated among their customers. For many, time is also a factor. Some buyers, including Qollateral, can close the deal quickly, often with same-day cash.
Not ready to sell? Did you know that you can borrow against jewelry? Items like engagement rings, Tiffany & Co. jewelry, and even gold Cuban link chain necklaces can serve as collateral for a high-offer loan.
FAQ About Selling Diamond Assets and Jewelry
- Why Consider Selling Your Jewelry? There are countless reasons why someone would want to sell their diamond jewelry. They might have a medical emergency or business expense that requires quick cash. They may also want to upgrade their jewelry collection or liquidate family assets. Either way, choosing a highly trusted seller, such as Qollateral, can provide maximum value and peace of mind.
- Where To Sell Diamond Jewelry For Cash? Diamond experts will often provide the highest offers for pre-owned diamond jewelry. They are well-trained in appraising jewelry and know exactly how much it is worth. A top choice is Qollateral, NYC’s most trusted luxury asset buyer and lender. Many other options, such as social media platforms like Facebook marketplace, jewelry stores, and even other pawnshops, are available. However, they might not be as reliable, efficient, or safe as Qollateral.
- Where to Sell Old Diamond Jewelry? If you’ve inherited a piece of antique or heirloom diamond jewelry, what are your options when it comes time to sell? Your first step should be to choose an experienced appraiser you can trust. They will provide a realistic and fair valuation of your assets while considering the jewelry’s provenance and history.
Finding Reputable Diamond Jewelry Buyers
That brings us to our last topic: how do you find a trustworthy buyer? One that won’t rip you off and will provide a fair and competitive offer for your prized jewelry? It starts by researching and evaluating various potential buyers to find one highly regarded among its customers. Qollateral specializes in buying luxury assets. They have earned a glowing reputation in the industry by providing its customers with a transparent, customer-focused buying process.
Working with a specialized diamond buyer, like Qollateral, is incredibly beneficial when it comes time to maximize the value of your diamond jewelry, whether you choose to sell or secure a short-term jewelry loan. They boast years of combined industry experience and a satisfaction guarantee – benefits that not very many buyers and lenders can claim.
Find out how much you can sell your diamond jewelry for. Book an appointment with Qollateral for a free appraisal.
Call or Text: 212-287-5257
Content Disclaimer
The content provided by Qollateral, LLC is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Qollateral, LLC or any third party service provider to buy or sell any commodities, securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. Qollateral, LLC is not an attorney, accountant or financial advisor, nor is it holding itself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
All content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Qollateral, LLC is not a fiduciary by virtue of any person’s use of or access to the Site or any content contained therein. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the Site before making any decisions based on such information or other content. In exchange for using the Site, you agree not to hold Qollateral, LLC, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the Site.
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