This article is going to answer a lot of common questions most people have when it comes to selling their gold to a gold buyer. Let’s start by talking about diamonds. This question always comes up and it’s understandable why people have questions about diamonds. People have so many questions about this because: number one, most likely you paid a pretty penny for them. And number two, our culture, marketing and Hollywood make a big deal about diamonds. But there is an ugly truth to diamonds and here it is…diamonds are worth squat! I know it’s sad, but it’s true.
Of course this statement isn’t true for every single diamond in the world. You’ve seen the movie Blood Diamond right? But this statement is true for the common person out there with a common ring. If you are confused now, don’t worry I was confused to when I first learned this. We had a client that had some nice diamonds from Africa in a bracelet. We purchased the bracelet but she wanted to keep the diamonds. No problem. We popped the diamonds out for her and asked her if she wanted us to help her find a buyer for them.
This was an extra service we offered at the time. So I had five quarter karat beautiful African diamonds in my hands that were supposed to be worth something. So I got on the phone and started calling all the local jewelers that marketing they bought diamonds. Then I called diamond brokers. I called everybody I could find. And this is always how the phone conversation went. Hello, I have some really beautiful diamonds I’m trying to find a buyer for. The other person would respond the same every time. How big are they? There are five of them and they are each a quarter karat.
Then the same response followed every time. Well I’m sorry, we can’t help you; we only purchase diamond that are individually a karat or more; not even half karat diamonds. This confused me so I would say; you don’t even want to look at them? The owner of the diamonds swears they are real and supposed to be very valuable. And no one was interested. They all told me the diamond market was flooded and they just couldn’t use any more diamonds. So there you go, if you don’t believe me, then get on the phone and start calling around to see if you have any more luck.
In fact, I have gold buying friends in a lot of different states, and none of them purchase the actual diamonds. You can find jewelry stores and pond shops that might purchase the ring with the diamond in to resell at their store, but good luck with actually just buys the diamonds only. But if you want to keep the diamonds, then most gold buyers can get them out for you. Just understand that a diamond can be broken during the removal process; even by an expert jeweler. But that is rare.