October 5 2020
We all need urgent cash sometimes, and nothing is better than using your jewelry to receive a considerable amount of money in such circumstances. But when you walk out the door of the store, the question remains, "Did I get the fair price?"
There are high chances that you may never get to know the answer to this question if you enter the jewelry store without any information about how the buying process works for gold and diamond and the actual market value of your jewelry in current times.
You can find many online companies that buy gold and diamond and will have no problem paying you a small amount for your items and resell them at an enormous profit. Then, there will be trusted gold and diamond buyers in your city that will buy your valuable items at a fair price and treat you with the courtesy you deserve.
This article is specially designed to help you get the best price for your gold and diamond jewelry. So read on to grab the necessary information.
Ensure that you are dealing with a licensed gold and diamond buyer. This license ensures that your buyer is trustworthy and verified in his business. Without a license, you have no way to save yourself or complain if something goes wrong with the transaction. Besides that, the buyer is probably breaking state laws and will be considered as a criminal.
You cannot forget to measure the exact weights of each of the jewelry item you are trying to sell. Make sure to calculate the weight in grams as it will help in easy evaluation of price. Also, ensure to look at the scale yourself and not just believing the vendor. If they don’t let you view the scale, he is probably not the trusted gold and diamond buyer to sell your items.
Know that the stores that do not buy diamonds may not be able to pay you a fair price for your gold jewelry. Diamond is a precious ornament, and the buyer who can pay you for diamonds will undoubtedly be able to offer you the right price as per the weight and karat of your gold jewelry.
Moreover, if you are not ready to sell your items due to the attached sentiments, you can consider taking a loan on diamond jewelry. It will give you a fair price in your urgency, and you still have the opportunity to get your diamond back after paying EMI.
Pricing will do vary slightly from vendor to vendor depending on your region of the country. But remember the thumb rule that you should never accept any price less than 80% of the karat value of your gold items. The same goes with the diamond jewelry.
Lastly, consider reading the online reviews of your preferred trusted gold and diamond buyers in Arizona or anywhere. This way, you can get a brief idea about their authenticity. If you see a lot of negative comments, you should shift to some other options.
We hope now you are ready to search the right jewelry buyer for you, or you can consider taking the loan on diamond jewelry if you don't want to lose them forever.