Because pawn shops take on high risk and need fast turnover, their offers are typically the lowest—often only 30% to 50% of the diamond's actual resale value. Tips for a Successful Sale
Fast payment (usually cash or check on the spot) and a professional, no-nonsense appraisal process. place that buys diamonds near me
They may focus more on the "melt value" of the metal setting than the artistic or brand value of the jewelry piece. 4. Pawn Shops Because pawn shops take on high risk and
Never sell to the first place you visit. Get at least three offers to establish a baseline for what your diamond is worth in the current local market. "Appraisal value" (for insurance) is much higher than
"Appraisal value" (for insurance) is much higher than "resale value." Expect to receive a percentage of the original retail price, not the full amount.
They are looking for a profit margin to resell to retailers, so their offers are strictly "wholesale." They can also be intimidating environments for a first-time seller. 3. Professional Coin and Bullion Dealers