Marilyn Monroe may have said it best when she said diamonds are a girl’s best friend.
It wasn’t the jewels themselves of course that she meant. Having a little cushion (or cushion cut) to fall back on when times are tough can be just what you need to make it through the month if your finances are in a pinch.
What she didn’t tell us, however, was just how to go about selling your diamonds when the time comes. If you’re looking to find the best diamond pawn shop in your area and want to know how to get the best price for your baubles, read on.
Pawn Shops Love Diamonds
Rare and easy to sell, there’s no shortage of people looking to buy diamonds. This is one reason why pawn shops are so eager to buy diamonds from anyone willing to part with one.
Another reason why diamonds are so popular with pawn shops is that they are one of the most expensive items regularly sold at pawn shops. Higher priced items can be marked up for a larger profit.
Pawn Shops Love Sellers Who Don’t Know What They’ve Got
Take it from us, you’ll want to do your research before selling your diamond jewelry. If you have GIA certificates that were given to you when the diamond was purchased, you’ll want to bring them along with you.
If you’ve misplaced the certificates that came with your jewelry purchase, don’t worry. This often happens over the years! Instead, you will want to get your jewelry appraised by a jeweler before going to a pawn shop.
This can help inform you of just how much your diamond or diamond jewelry is worth. If your diamond is in a setting, a jeweler can also help you estimate the quality and weight of the metal setting. You’ll want to know this information in addition to knowing the cut, clarity, and karats of your diamond.
Getting the Most from Your Diamond Pawn Broker
Armed with your new knowledge, you’ll know what your diamond is worth to a retailer. You shouldn’t expect to receive the retail price from the pawnbroker, however, the jeweler or appraiser should be able to give you a good idea of what you should receive from your sale.
If time isn’t an issue, selling your diamond on consignment may be your best choice. Because the pawnbroker doesn’t have to assume the risk of buying a costly item without the promise of a buyer, you are likely to receive more for your item. The pawnbroker will then take his cut from the overall sale price.
Want to Learn More?
If you’re looking to learn more about how to get the most from a diamond pawn broker, we’re here to help! Visit our website for more information.
We offer lots of informative articles that will help you get the most from your trip to the pawn broker. It’s your stuff after all, you should get what it’s worth!