What Is The Purpose Of Having A Diamond Resale Value Calculator?
Everyone has that situation where they do not need certain precious jewelry, or it does not fit their taste anymore. If this is the issue, there is always a solution. The best news is that all jewelry has a resale value. To correctly sell your diamond, you will need to know its resale value and know this is always less than its first price. In this post, we will examine at a diamond resale value calculator.
The best thing to know regarding a diamond’s worth depends on several factors. When diamonds are sold in retail, they have one value. This is different when you are trying to sell them. To understand why these gems differ in value, you must consider three values.
The purchase value
This stands for the price you pay when getting your jewelry in a store
The appraisal value
It assesses jewelry based on the setting and the diamond itself.
This is the diamond price at the moment when you choose to sell it.
Each one of these values is essential when examining a diamond. Also, by reviewing the details regarding the gemstone supply chain, you will know why the buying value is always highely compared to its wholesale price and why it cannot serve as an indicator for the diamond’s price. Therefore, its appraisal shows the diamond price depending on its characteristics. Lastly, the resale value allows you to set a fee for the jewelry and sell it successfully.
How to Get the Price for Your Diamond?
Since you already know that diamonds have distinct market values, the best value for every specific stone is set individually. The specific factors to consider are the following.
The Diamond 4Cs
The first thing to do is know the basis by estimating the cut, clarity, weight in carat, and color. This will help you get a clear picture of the amount of money. If the grade is higher, this means the diamond is exclusive. Also, a diamond with a higher weight will always cost more in the shop or reselling. When you know the 4Cs, you can compare the prices and calculate the resale value.
A certified professional can appraise your diamond and state its value on the market. Even though the document is of some aid in increasing the selling cost, it is an added proof of the stone quality. It enables you to ask for more money when bargaining. The appraisal value is critical for authentic jewelry. It has detailed information on the stone’s grades and some reports of its final value.
The Buying and Selling Places
When buyers come to the shop to buy a delicate piece of diamond, they will not pay its market value. Typically, it is a double price with a markup. This might be less than the price in an online store. When looking for a buyer for your diamond, you will not get a significant profit.
Note that all pieces of jewelry have resale value. In this post, we mentioned a diamond resale value calculator. And two of them, but there are several ones. Therefore, you will always need to have all the knowledge required to succeed when looking for the right diamond buyer. To tell the correct value, make sure to know the basic parameters of the diamond. Also, make sure to have suitable proof of the quality approved by appraisals.