Selling Your Recovered Diamonds


Selling diamonds at their appropriate price can be a trouble for all sellers because there are only few qualified professionals who can really assess the “true value” of these kind of precious stones. Most buyers would even attempt to trick sellers to sell their diamonds at a very low price.

Below are some basic guidelines and tips on how to sell diamonds that you recovered from your THing (treasure hunting) activities:

1. Raw and Finished Form of Diamonds

Diamonds can either be in their “raw” (uncut) or “finish” forms. However, this aspect has nothing to do with the price of the stone as opposed to what most people think that finished version always have a higher value than the raw. You may be surprised to know that “each diamond is unique” from one another. Thus, there are several important factors to consider before one can derive the appropriate estimate value of the precious stone.

Raw Diamond

2. Appraisal

“Appraisal” is the process of “grading” or inspecting the quality of a certain diamond to derive its appropriate estimated price value. Unfortunately, there are only few qualified individuals with the skill to appraise precious stones. These experts must also have Gemological Degree proving that they are certified and professional appraisers.

Since there are only few qualified and trusted diamond appraisers around, the best advice is to take your precious stone to several buyers and allow them to grade it. You can take your diamond to different pawn shops, banks and even mining companies. They all have their own respective diamond experts who can assess and give estimate prices to your precious gem.

Assuming that there are five different individuals who graded your diamond. Simply compare their estimated prices. If they are close to one another then it means there is a huge chance that they derived at the right value. Otherwise, large price gaps means that your diamond require the attention of a more qualified “gemologist”.

3. Diamond Buyers

As already mentioned above, common places where you can sell your diamonds are at the pawn/jewelry shops, banks and mining companies. Before buying your diamond, their appraiser will first attempt to inspect its cut, clarity, carat (in terms of weight) and color. These are the common basis on how they usually derive the price of a certain diamond. As a result, they will dictate the price and it is all up to you if you would like to accept the deal or not.

4. Payment

Majority of diamond buyers even those large and reputable companies cannot be “trusted” especially when it comes to “payment”. It is basically important that they should pay you right away after the deal. Unfortunately, some companies “do not” where they make excuses such as arranging a different form of payment method.

5. Do your Own Research and Investigation

Before you intend to sell your diamond to a certain company, it is suggested that you should conduct your own research and investigation about the company. Make sure that they can be trusted and have many previous customers voting for their honest services.