Did you know that the average value of 0.5-carat diamond is around 2000 dollars?
If you’re looking for quick ways to get cash, pawning off diamonds and other precious gemstones is a great way to put money in your pocket.
In this post, we’re going to go over exactly how to sell gemstones and which gemstones are going to get you the big bucks.
Best Gemstones to Pawn
Not all gemstones are created equal in terms of cash value. Semi-precious stones, extremely small stones, and stones of questionable validity aren’t going to fetch that much at a pawn shop.
For more reliable money, you’re better off selling more rare and special gemstones. The following stones are going to be the ones that get you the most money.
As we already mentioned, even the smallest diamonds can be worth thousands of dollars. It’s also quite likely that you have diamond jewelry: it’s the most common stone to make jewelry out of in the world.
These bright red stones are often found in jewelry because of their representation of passion and love. Rubies are quite valuable on a similar range with diamonds: per 0.5-carat ruby, you could be looking at a range of 1000 to 3000 dollars.
High-quality and unmarked pearls are going to be great pawn items because of their rarity. Real pearls are often linked to vintage style (another plus for pawning), but they are also quite easily scratched and tarnished.
If you can provide pearls without scuffs, marks, or blemishes, you’ll be able to take a great cut from a pawn shop.
Tips to Get the Most Out of Your Gems
No matter what gems you’re pawning, you should follow these guidelines in order to get the most money from them.
1. Have Them Appraised
Understanding the value and worth you have before you enter the pawn shop is crucial. A professional appraiser will be able to tell you the exact gemstone you have, the quality, whether they’re real or synthetic, and the overall value.
This way, you’ll know what you can get for them before a pawn shop tries to low-ball you.
2. Know the Background of the Gems
Since gemstones are so valuable, you’re likely going to be asked a lot of questions when you go to sell. This is the seller’s way of protecting themselves: they don’t want to shell out thousands of dollars only to end up with fake gemstones.
So, where did you get these gems? Can you verify their authenticity? Have they been treated? If they’re loose gems, did they come from jewelry? What’s the cut of the gems?
Knowing the answers to these questions is going to make the seller trust you, and likely give you a higher price.
3. Make Sure They’re Real!
Synthetic or fake gemstones aren’t going to get you anything at a pawn shop. A professional appraisal combined with your own research into the stones should reveal their authenticity.
Ready to Sell Gemstones?
Hopefully, these tips will help you sell gemstones for the highest price possible. IF you’re specifically looking to sell loose diamonds, read this article for more in-depth advice.