MHaynes772 Report post Posted August 6, 2016 Anyone familiar or have any advice with selling a diamond? Im considering selling a diamond that was left for me when my uncle passed. All it does is sit in a lockbox. I don't wear jewelry, and I don't see myself getting married so I technically have no use for it. It was last appraised at $60,000. Obviously I know I cannot get close to that, but wondering if anyone has advice of how to go about getting the most out of it. Im not fully sold on selling yet, but toying with the idea. Thanks in advance! Matt Quote Share this post Link to post Share on other sites More sharing options...
VCR Report post Posted August 6, 2016 No expert here but when it was appraised, did it come with any certs? I.e. Certification from the GIA, EGL, or IGI etc...? Quote Share this post Link to post Share on other sites More sharing options...
MHaynes772 Report post Posted August 6, 2016 No expert here but when it was appraised, did it come with any certs? I.e. Certification from the GIA, EGL, or IGI etc...? GIA certification. Quote Share this post Link to post Share on other sites More sharing options...
emanon Report post Posted August 6, 2016 GIA certification. Talk to Wayne, he's in the business. Quote Share this post Link to post Share on other sites More sharing options...
jhbchess Report post Posted August 6, 2016 Embed it in your oil cap/Mullet Quote Share this post Link to post Share on other sites More sharing options...
VCR Report post Posted August 6, 2016 Talk to Wayne, he's in the business. Quote Share this post Link to post Share on other sites More sharing options...
SV-N-IT Report post Posted August 7, 2016 Anyone familiar or have any advice with selling a diamond? Im considering selling a diamond that was left for me when my uncle passed. All it does is sit in a lockbox. I don't wear jewelry, and I don't see myself getting married so I technically have no use for it. It was last appraised at $60,000. Obviously I know I cannot get close to that, but wondering if anyone has advice of how to go about getting the most out of it. Im not fully sold on selling yet, but toying with the idea. Thanks in advance! Matt how many carats, lets see it! Quote Share this post Link to post Share on other sites More sharing options...
MHaynes772 Report post Posted August 7, 2016 how many carats, lets see it! 2.75 VVS1 G color European cut. Sorry for the shitty iPhone quality pic. Quote Share this post Link to post Share on other sites More sharing options...
sprite Report post Posted August 7, 2016 I have a friend in the business. He said wholesale retail the rock is probably worth $22-25k [What he would sell it for to a customer] and if he was buying it obviously less than that. Let me know if you want me to put you in touch. Do you have a copy of the GIA Cert, I got a buyer who likes Old Mined Cut but he need to see a copy of the Cert to see how the diamond is cut If we could get the GIA Cert number I can pull the certificate but in general Old Mined cut is a hard sell as they have less facets than a regular round diamond and for such shows less brilliance Quote Share this post Link to post Share on other sites More sharing options...
Placid Report post Posted August 7, 2016 Whatever you do, don't let a woman sell it! Quote Share this post Link to post Share on other sites More sharing options...
MaciekR Report post Posted August 8, 2016 I have a friend in the business. He said wholesale retail the rock is probably worth $22-25k [What he would sell it for to a customer] and if he was buying it obviously less than that. Let me know if you want me to put you in touch. That seems like a price for an SI1, not a VVS1. Quote Share this post Link to post Share on other sites More sharing options...
sprite Report post Posted August 8, 2016 That seems like a price for an SI1, not a VVS1. Don't kill the messenger Maybe my friend is just cheap. I guess best way to find out is to try to actually sell it and see what cash buy it now price a diamond retailer would offer him. Quote Share this post Link to post Share on other sites More sharing options...
VCR Report post Posted August 9, 2016 That seems like a price for an SI1, not a VVS1. Don't forget it's "G" colour. Quote Share this post Link to post Share on other sites More sharing options...
MaciekR Report post Posted August 9, 2016 Don't kill the messenger Maybe my friend is just cheap. I guess best way to find out is to try to actually sell it and see what cash buy it now price a diamond retailer would offer him. Yeah, that's a pretty aggressive wholesale price as I understand it. I've always found the industry very fascinating for that reason, very wide range in terms of pricing and opportunity in it. Don't forget it's "G" colour. This is true, although that is still near colorless. Quote Share this post Link to post Share on other sites More sharing options...
VCR Report post Posted August 9, 2016 This is true, although that is still near colorless. That's the issue. To any regular consumer or the untrained eye, it's almost indistinguishable; Trade-wise, it's 3 colours off from the top. Quote Share this post Link to post Share on other sites More sharing options...
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