Finding a Diamond Buyer

Aug 2
12:01

2008

David Cowley

David Cowley

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A legitimate diamond buyer is someone that will use the gemstones for their own legal business, such as a jewelry store or jewelry design school. The end use should be obvious for anything you sell; if they don't have a store, online site, or school that is easily checked, you should be suspicious.

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There's a reason why you need to be concerned about finding the right diamond buyer for your gemstones or jewelry.  Diamonds are often the currency of criminals and con artists,Finding a Diamond Buyer Articles since they're untraceable and welcome anywhere in the world.  If you're opening a jewelry store or want to find a store that will carry your designs, that's certainly safe enough, but doing business with just any diamond buyer is not a good idea.

A legitimate diamond buyer is someone that will use the gemstones for their own legal business, such as a jewelry store or jewelry design school.  The end use should be obvious for anything you sell; if they don't have a store, online site, or school that is easily checked, you should be suspicious. 

Take your time and do not sell to the first diamond buyer you find.  Shop around to make sure you are getting a fare price for your gemstone.  Look for similar diamond for sale on eBay and other internet business to see the price range that they are going for.

There are many organizations that will certify buyers and sellers of gemstones and jewelry.  These organizations include the Gemological Institute of America (GIA), the International Society of Appraisers, the International Watch and Jewelry Guild, the American Gem Trade Association, and the Jewelers Board of Trade.  There are other associations but a legitimate diamond buyer will be a member of at least one of these and will gladly display or show their certification with you.

You can also do a search of the Better Business Bureau Online to see if there have been any complaints with that company.  If they have a web site check to see if they allow customer reviews and read what the customers have to say about them.

A good diamond buyer will also realize that every single piece of jewelry or gemstone is unique and special.  Simply telling the buyer the 5 C's of your stone will not be enough to get a true and accurate quote regarding its value.  Most diamond buyers need to personally hand inspect every single stone before they can actually give you an accurate price for it.  If you're not dealing with loose diamonds then of course the setting will account for quite a bit of the piece's value as well.  There's a huge difference in value between silver, gold, and platinum and some jewelry designers are more well-known and therefore coveted by others.  A diamond buyer will need to know who designed the piece, the metal and its weight, and so on.  All of these are important factors when it comes to the value of your jewelry.

There are many companies and diamond buyers that of course advertise online and many of these are perfectly legitimate.  They may ask for an independent appraisal or other information about your piece but most will have their own qualifications before they're interested in buying.

Finding the right diamond buyer for your merchandise isn't that difficult, if you're selling an individual piece or are considering this for a business or investment.  You can try online resources, even sites such as eBay to post your goods.  You can search for them individually, seeing who will give you the best price.  If you're going into business you can develop a relationship with a diamond buyer that will be fruitful for years to come.  It simply takes a bit of work and effort to be successful.