A Guide To Selling Diamonds

by | May 17, 2017 | Shopping


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There is a great deal of truth to the saying “a diamond is forever.” This fact alone has allowed for a thriving market in these gems, diamond buyers in Chicago abound, just as do sellers. There are many people that own diamonds that for one reason or another no longer want them, perhaps it was an engagement ring and the marriage failed, perhaps you inherited antique jewelry that you want to turn into cash.

Understand the market:

Any given diamond can be worth a different price to different people. It is not so much when you wanted t buy the diamond from a retailer in the first place, the differential shows up when you want to sell.

Pawn shops, dealers and jewelers:

Many people turn to a traditional pawn shop knowing in advance that they will not get top dollar but what they will get is immediate cash.

There are many diamond buyers in Chicago, some have stores that are pleased to buy jewelry, watches, coins, etc. There are also many online buyers. In many cases these people are interested in buying your diamond jewelry, removing the stone and selling them wholesale to jewelers. They send out the precious metal and have it smelted and sell it. You can’t expect to get maximum value but these companies pay quickly.


Prices of diamonds and precious stones really depend on two things; the pieces you have and what the market is willing to pay. It is really up to you to find out the answers to these two questions, the more you know, the better set you are when negotiating an acceptable price. If you don’t have the time or the inclination to find out then make sure you take your diamond to reputable diamond buyers in Chicago, people that have the specialized equipment to give an honest appraisal and have been in the business for a good number of years.

When you are looking for diamond buyers in Chicago, look for a company that is well known and respected. You will be happy with the prices offered when you visit Chicago Gold Gallery.

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