Wedding Blog


The 3 Elements of Reputable Diamond Buyers

If you’re looking to sell your diamond jewerly, you want to find reliable diamond buyers in your area that you can trust. Here’s what to look for.

In 2016, Canada was the third largest producer of diamonds when measured by value. With so many valuable gems being found on our soil, you can bet there’s lots of interest in buying and selling Canadian diamonds. For anyone looking to sell jewelry, finding the right buyer is key to getting a good price from someone you trust.

Your first step in selling diamonds is to prepare yourself for the depreciation of value. New diamonds can drop to a tiny fraction of their purchase price in a few months or a year. If you spend too much on a poorly cut or low-quality gem, you might have to adjust your expectations.

While there are surely some diamond buyers who are looking to take you for a ride, there are many who pride themselves on integrity. In order to make sure you’re dealing with such a buyer, look for these 3 qualities.

1. They Have Experience

While every professional has to start somewhere, many diamond sellers and buyers work for years as an apprentice. They get their start with another reputable buyer in order to learn the trade and know how to value a stone. They can imagine the value of reselling a custom cut or can explain why one might not sell.

Be sure you’re dealing with someone who has such experience. Don’t be turned away from a shop that’s only a few years old. Get to know who the appraiser is either in person or through an online search.

2. They Have Great Reviews

When making any kind of large purchase or exchange, make sure you get to know how other people feel about the person you’re dealing with. Yelp, Google, Angie’s List, and plenty of other sites offer reviews of people in every kind of profession.

While you should take any kind of review with a grain of salt, they can give you an idea of what to expect when you visit the dealer. If other people say they’ve been low-balled, take heed and listen. If you only find one or two bad reviews, don’t give them too much weight.

Go in clearheaded but aware of how the staff is speaking to you.

3. They Know the Four Cs

They should know the four Cs like the back of their hand. If they’re measuring the value of your diamond on anything other than cut, carat weight, color, and clarity, they might not know what they’re talking about.

Get to know the four Cs on your own so that you know how to grade your own diamonds. If you go in knowing how much your diamond could be valued at or how it could be ranked, you’ll have an advantage over most sellers.

Great Diamond Buyers Listen and Speak Openly

At the end of the day, you visit a diamond buying shop to sell and so a good buyer will be totally honest with you. They will tell you why something is worth what it’s worth and even explain the process to you if you’re interested. Diamond buyers are knowledgeable professionals and the best love to share that knowledge.

If you’re interested in finding the right buyers for your diamonds, contact us find the perfect match.