How to Sell a Loose Diamond At a Pawn Shop

February 07, 2020 - Jewelry & Luxury Items

Trying to sell a loose diamond?

Have you inherited a diamond from a relative as a gift, but you aren’t sure what to do with it?

Do you have a loose diamonds from a piece of treasured jewelry? Are you looking to sell your gem to a gem pawn shop but don’t know how to make sure you get what it’s worth?

If your grandmother won’t be angry to discover you’re selling a treasured piece, here’s what you need to know about selling a loose diamond to a pawnshop.

Know What You Have

Before you can take your loose stone to a gem pawn shop, you need to have a full understanding of what you’ve got on your hands.

Do you know without a doubt what diamond you have and if it’s truly authentic? What is the cut of the diamond? Where did you get it? Was it inherited or did you purchase it? Do you have a good idea what it is worth? Why do you want to sell it? These are questions you should have the answers to.

Be prepared for a pawn shop to ask you if your diamond has been tested for authenticity. The diamond market is full of fake jewels that are being sold as if they are real. Sometimes these imitations are so convincing that it can be difficult for even the trained eye to know a real from a fake.

Have Your Jewel Appraised Before Entering a Pawn Shop

To back up your claim and have a knowledge of your diamond’s real worth, it’s crucial that you take the time to have it appraised by a professional.

There are lots of professional buyers out there who are looking to take advantage of sellers who aren’t aware of their products true worth, so to protect yourself and have your gem appraised.

Having your gem appraised will also prevent you from the embarrassment of approaching a pawn shop with a diamond that might be a complete fake.

Keep in mind though that pawn shops are resellers. They will offer you below retail price of your diamond because they need to resell it.

Find a Trustworthy Pawn Shop

If you’ve got a loose gem that you want to sell at a gem pawn shop, streamline the process by selling it on our online pawn store. You can choose to pawn it or sell it without the added hassle of visiting various pawn shops in person.

You’ll receive offers in no time with our easy to use service!

Contact us with any questions you have about buying, selling, or pawning an item through our website.

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