Selling fine jewelry—whether it’s a single designer piece, a high-end watch, or an entire estate collection—is a big decision. Diamond Banc’s St. Louis location is the top choice for clients across St. Louis, Clayton, Ladue, and nearby areas looking to get maximum value for their high-end jewelry. Here’s why people in St. Louis trust Diamond Banc as their go-to jewelry buyer when they’re ready to sell.

Why People in St. Louis Sell Their Jewelry

There are many reasons why people decide to sell their jewelry, from freeing up funds to upgrading their collection. Here are some of the top motivations for St. Louis residents:

1. Upgrading to New Designer Jewelry

As personal tastes evolve, that classic Tiffany & Co. diamond ring or Cartier Love bracelet may no longer suit your look. Selling your designer jewelry can help fund an upgrade to a newer, custom piece that better reflects your current style. Diamond Banc offers high payouts for luxury jewelry in St. Louis, making it easy to turn your jewelry into cash.

“I wanted to upgrade my engagement ring but needed funds to make it happen. Diamond Banc in St. Louis offered me a fair price for my Cartier jewelry, and the process was seamless.” – Emily R., St. Louis

2. Financial Flexibility and Quick Access to Cash

Jewelry is a valuable asset, and selling it can provide liquidity in times of financial need or opportunity. Whether you’re investing in a business, purchasing real estate, or just need cash on hand, Diamond Banc’s competitive offers make it easy to turn your jewelry into funds. 

3. Simplifying or Downsizing Your Collection

If you’re embracing a minimalist lifestyle or downsizing, parting with jewelry you no longer wear can be both freeing and financially rewarding. Diamond Banc’s St. Louis location offers a clear and supportive process, so you can sell single pieces like a Van Cleef & Arpels necklace or a Harry Winston ring, as well as entire estates.

“Embracing minimalism, I chose to sell some of my designer jewelry. Diamond Banc in St. Louis made the process easy, and I felt confident I was getting a fair deal.” – Sarah L., Ladue

4. Selling Inherited Jewelry That Doesn’t Match Your Style

Family heirlooms are meaningful but may not align with your taste. Rather than keeping a Patek Philippe watch or Bvlgari necklace in storage, many clients in St. Louis choose to sell their inherited jewelry. Diamond Banc respects the significance of these items and offers fair market value, making it possible for you to turn an heirloom into a valuable resource.

5. Turning Past Gifts or Jewelry from Previous Relationships into Cash

Jewelry from past relationships or significant occasions may no longer hold meaning. Selling items like a Rolex watch, Bvlgari ring, or Van Cleef & Arpels bracelet allows you to put the funds toward something new, like travel, education, or a special project. Diamond Banc’s St. Louis jewelry buying service is known for offering competitive cash payments on single designer items or full collections.

“After a breakup, I had a diamond ring and other pieces I no longer wanted. Selling them to Diamond Banc in St. Louis was a positive experience—they offered a fair price, and I felt respected throughout the process.” – Alex P., Chesterfield

Types of Jewelry Diamond Banc Buys

At Diamond Banc in St. Louis, we buy a wide range of fine jewelry, including:

• Designer jewelry from brands like Cartier, Tiffany & Co., Bvlgari, and Harry Winston
• Luxury watches from brands like Rolex and Patek Philippe
• Diamond engagement rings and wedding bands
• Estate jewelry collections, whether single pieces or full estates

Whether you’re selling a single piece or a full collection, Diamond Banc in St. Louis is the trusted jewelry buyer with the expertise to provide a fair market price.

How to Sell Your Jewelry at Diamond Banc in St. Louis

Get A Quote

What is your item worth?

Complete our simple online submission form & tell us about your item. Our team of experts will contact you with an initial quote.

Start a Quote

Expert Evaluation

Mail-In or In Person

We provide you with a fully insured shipping label to send your items to our headquarters for final evaluation. Or, visit a Diamond Banc office near you to complete your transaction in person.

Get Funded

Via Check or Wire Transfer

If you accept our offer, we will issue payment immediately via check or wire transfer.

Ready to Sell Your Designer Jewelry for Cash?

If you’re ready to turn your luxury jewelry into cash, visit Diamond Banc in St. Louis today or submit your piece online. We’re here to make the selling process simple, supportive, and financially rewarding.

Location: 7701 Forsyth Blvd., Suite 750, Clayton, MO 63105
Get Started: Submit your jewelry details
Schedule an Appointment: stlouis@diamondbanc.com | (314) 555-1234

The post 5 Compelling Reasons St. Louis Clients Trust Diamond Banc to Sell Luxury Jewelry appeared first on Diamond Banc.

Are you considering borrowing money against, or pawning your Rolex? Diamond Banc offers the highest loan or pawn amounts secured by Rolex watches in the nation.  Put simply, Diamond Banc will loan you more money, at a lower cost and with easier repayment terms than a traditional pawn shop. We store your valuable Rolex With great care and are insured during your loan term.  At Diamond Banc, you can pawn or borrow against your Rolex without visiting a pawnshop. You can overnight your Rolex to our headquarters and receive loan proceeds the next day, or visit our luxury, private office locations for same-day, simple and confidential funding.

Diamond Banc provides loans secured by one Rolex or an entire Rolex collection. Our Rolex secured loans typically range in value from $3,500-$250K. We work with you to create a simple loan structure that best fits your needs,  opposite to the archaic traditional Rolex pawn loan structure provided by traditional pawn shops.

If needed, shop around, and consider various loan options. Then contact Diamond Banc to appreciate the highest Rolex values & lowest cost of borrowing in the nation. Diamond Banc offers Rolex Equity Loans which feature far superior consumer terms than a traditional pawn jewelry loan. Learn the difference between a Rolex Pawn Loan & Rolex Equity Loan here.

Typical pawn shops simply do not possess the capital, nor industry knowledge to provide the high loan & pawn values on Rolex watches That Diamond Banc does. We are the premier jewelry buyer and lender in the nation, owned by jewelers who truly know the value of Rolex watches.

On average over 85% of clients who pawn a Rolex or jewelry item with Diamond Banc pay it off in full and retrieve their item. Over 50% of our clients borrow from us again and again, due to the customer-driven service we provide and pro-consumer Rolex pawn loan structure. Don’t pawn your Rolex the old fashion way,  Borrow against the value of your Rolex with Diamond Banc.

Here’s what you need to know before you pawn or borrow against your Rolex.

1. Rolex watches are ideal loan collateral.

In virtually every case We will LOAN YOU 25%-100% MORE against your Rolex than an average pawn shop. Diamond Banc is a huge nationwide Rolex buyer and seller. We participate in the market daily and fully appreciate the value of your Rolex. Typical pawn shops have a tough job, they must know a little bit about the second-hand value of lots of item types. Diamond Banc focuses on being the best in one space, high-end jewelry, and watches.

Pawn shops typically loan very convertibly to protect themselves from markets in which they are not an expert. Often pawnshops rely on selling Rolex watches from loans not redeemed to customers who walk through their door. These clients often are not willing to pay what the watches will quickly sell for in other marketplaces.

2. Funding reliability and loan service is supreme.

Most pawn shops offer lower loans they can vary based on their knowledge and the amount of cash they have to loan when you want to borrow. Diamond Banc is always standing by with significant capital to reserves to maximize clients’ loan needs and provide consistent reliable funding and post-loan servicing. Borrow against your Rolex, from an expert and leader in the luxury watch business. You will receive higher loan values, more reliable funding, and optimal loan servicing.

3. Pawn shops lack specialty focus.

When you lack focus you can lack service and value to your customers.  Pawn Shops do the best they can and there are many well-run, fair, and good ones that provide valuable service to the masses. However, being all things to all people is always next to impossible.

Pawn shops who loan on everything from Rolex watches to guitars,  simply can not dive deep into any one area from a capital ability, or loan value appreciation perspective.  Diamond Banc is the best in the nation with a specialized focus on Rolex Watches, fine watches, diamonds, gold, and fine jewelry. We know our business and know we loan the most.  Diamond Banc offers The HIGHEST ROLEX LOAN VALUES IN THE NATION.

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At Diamond Banc, some recent deals we’ve done include $6,000 for this stainless steel Rolex Submariner, $20,000 for a Rolex Daytona Chronograph, and $8,500 for a ceramic all-steel Rolex Submariner.

If you have a Rolex or another luxury watch that you want to pawn or use as collateral for a loan, call Diamond Banc at 1-573-875-2265, visit our website, or visit one of our private luxury offices in the following markets.

• • Tampa, FL
  • Boca Raton, FL
  • Miami, FL
  • Aventura, FL
  • Orlando, FL
  • Sarasota, FL
  • Nashville, TN
  • Atlanta, GA
  • Kansas City, MO
  • Columbia, MO
  • Scottsdale, AZ

The post The Best Way to Pawn a Rolex Is to Avoid the Pawn Shop appeared first on Diamond Banc.

Are you having thoughts of selling your diamonds or designer jewelry? 

Before you take action, it is crucial to find out if the business you choose among multiple Tampa diamond buyers is trustworthy, helpful, and one that will offer you a fair value for your diamond jewelry.

But what are some of the warning signs you need to watch out for? Let’s unpuzzle this topic in this short blog so you can sell confidently and walk out knowing that you’ve made the right choice!

Professional knowledge of diamonds & luxury jewelry

The #1 factor you must consider when selling your diamonds is ensuring the people appraising your jewelry have the knowledge and specialize in diamonds, gemstones, and jewelry. 

The team here at Diamond Banc is rich with talents ranging from GIA graduate gemologists and trained appraisers to people who’ve held positions at high-end retail brands like Harry Winston or Tiffany & Co.

We get a kick from educating customers about the four 4C’s of a diamond before dropping any number because we deem it essential for them to know their genuine worth.

When you walk into a street corner local pawnshop with a Chopart necklace, for example, how likely is the person servicing you able to name the exact model and recognize its greatness?

Diamond Banc not only recognizes signature pieces but also pays a premium for them.

Your diamond jewelry assessed without foul play

Our Tampa diamond buyers here at Diamond Banc carry the process with honesty, integrity with complete transparency.

Your valuation may derive from any particular jewelry piece’s unique aspects. Is it a designer brand, vintage, or has distinct and exceptional characteristics that require attention? 

The same goes for your diamond certificates. Although we evaluate and purchase diamonds of all kinds, certified and uncertified — we always suggest getting gradings done at the Gemmological Institute of America or GIA versus other laboratories.

We go the extra mile to ensure that your diamonds receive a fair and conservative valuation, notably on characteristics such as color or clarity. For instance, a slight level up of diamond clarity from a G Color SI1 to a K Color SI2 can significantly increase the value in your favor.

Our ultimate goal is to reveal your diamond’s genuine worth and ensure you get the funds you deserve. You may come across Tampa diamond buyers trying to take advantage of the things mentioned above to make a quick profit, and that’s a big no in our books.

O2O: Online-to-Offline reputation

Tampa is a thriving city where many new businesses keep popping up out of nowhere — here’s where you want to do a bit of investigation before jumping too quickly in ice water.

Now, if your search begins online, you may want to start by checking out that diamond buyer’s website with a dedicated page that lets users read and learn more about them. While browsing through, check if they are rated A+ by the BBB [Better Business Bureau] and whether or not they have Trust Pilot activated on the homepage.

To be confident in your decision-making, you may also read actual comments and reviews from real-life customers to summarize their experiences. Yelp or Yellowpages are great resources, and Facebook and Google Reviews to get to the bottom of it.

Diamond Banc was established by Mills Menser, a 3rd generation jeweler and owner of Buchroeders Jewelers — our sister company and legacy retail jewelry store that started in the Midwest and has been operating steadily since 1896. 

Privacy & high-end customer experience

Diamond Banc welcomes you to a spacious, stylish office that embraces luxury because, at the end of the day — we believe you deserve to sell with the same level of excitement as the first day you put on that very same piece.

Our Tampa diamond buyers at 3401 Henderson Boulevard will greet you courteously and make you feel comfortable discussing your gorgeous diamond jewelry privately.

Skip the noise and the unnecessary wait you would experience at your local pawnshop. We have a reputation for paying better for your diamond jewelry while giving exceptional customer service in a luxurious setting that simply cannot be matched.

Ease of use & flexibility

At Diamond Banc, we believe your diamonds are worth more than some Tampa diamond buyers in the city may initially offer you.

That’s why we strongly encourage you to compare a few offers from competitors first, then come to Diamond Banc. Our goal is to give you the highest possible return for your luxury goods. 

We take particular interest in designer names like Cartier, Van Cleef & Arpels, Tiffany & Co., just to name a few. If you wish to retain ownership of your gorgeous jewelry, we will encourage to do it! We have a vast selection of liquidity options —. Tailored to your budget and needs.

Experience the difference in our Tampa office located at 3401 Henderson Blvd Suite E. 

Jodi Hudson is our Market Director and an expert diamond jewelry appraiser with over 25+ years of experience in the fine jewelry sphere. 

You may book an appointment with her or start the process yourself online now!
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The post Tampa Diamond Buyers: Where To Sell My Diamonds With Confidence appeared first on Diamond Banc.

Finding a diamond buyer in Florida can be challenging. There is no shortage of pawnshops in Boca Raton, Tampa, Miami, Palm Beach, or Orlando. Similarly, several online diamond buyers have emerged in recent years. Evaluating your best option to sell your diamond can come with many complications. 

We’re making it easier with this guide to selling your diamond in Florida. 

Get an Idea of What Your Diamond Is Worth Ahead of Time

Ultimately, finding a buyer who will maximize your diamond’s value is a key consideration when it comes to selling a precious gemstone. Diamond jewelry is among the most valuable assets you can own. As a result, you want to find a buyer who will give you the highest value possible for your items. When looking for a diamond buyer in Florida, seek a buyer who provides transparency through each step of the process. The best options for selling your diamonds offer you a perspective on how much you can expect for your diamond early in the selling process. 

It can also be a good idea to shop around by comparing offers from multiple diamond buyers throughout Florida. Coming to sell your diamond with another offer in mind can give you a framework for whether an offer is fair since you will already have a price to compare with the current offer. 

You can even start by using an online diamond calculator. These calculators enable prospective diamond sellers to get an idea of what their diamond is worth using an easy-to-navigate online form. Discover your diamond with Diamond Banc’s online calculator.

What Your Diamond Is Worthnavigate_next

Avoid Diamond Sales with Strict Time Limits

Similarly, it’s important to find a diamond buyer with offers that never expire. Some diamond buyers provide stringent timeframes for their offers, in hopes that these time limits will increase the odds of a fast sale, and decrease the odds of a seller searching for comparison offers. If you receive an offer with a time limit, it can be a key indicator that your offer should be higher.

Think Beyond the Pawn Shop

Pawn Shops have provided an easy way for individuals to sell or get a loan a diamond ring, necklace or designer jewelry for millennia. The first pawn shops emerged in Ancient China more than 3,000 years ago.  

However, when looking for a diamond buyer in Florida, a pawnshop may not always be your best option. Pawn shops tend to work in a diverse assortment of industries. The most commonly pawned items include electronics, antiques, tools, musical instruments, guns, and vehicles, in addition to designer handbags, luxury watches and precious gemstones. As pawnshops tend to work in several fields, they tend to be great generalists. This can be great for their business; however, when working in the highly specialized industry of jewelry, approaching business with a generalist perspective can be a major drawback. Florida pawn shops may lack the insight to ensure that you get the highest value for your diamond jewelry. 

Instead, consider working with a diamond buyer who specializes in jewelry. Working with a jewelry expert means that these individuals can take every value-adding factor into account throughout the diamond selling process. 

From diamond shape to a diamond’s carat weight and clarity, many factors can impact what your diamond is worth. These factors are often influenced by trends in the secondary market. For example, engagement rings featuring an oval center diamond have been increasingly popular in recent years. Consequently, a jeweler may be able to get higher values selling an oval diamond compared to a less popular shape. As a result, a diamond buyer will be able to pay you more for your oval diamond. Although these trends are obvious to a specialist in the diamond industry, a pawnshop will be less aware of the overall value of a diamond. Therefore, it may be a good idea to work with a specialist in diamond buying when selling your diamond in Florida.

Seek out a Diamond Buyer with a GIA Education

Similarly, the best diamond buyer is a well-informed diamond buyer. The Gemological Institute of America (GIA) stands out as the premier educator in the diamond industry. Within the jewelry industry, a GIA gemologist education has become the gold standard for education. Therefore, it can be a good idea to opt for a diamond buyer with GIA training when selling your diamond, as GIA-trained diamond buyers stand out as among the most accomplished professionals in the diamond industry. 

Consider If You Should Sell Your Diamond Online or In-Person

Historically, if you wanted to sell your diamond your only option was to find a local pawn shop or jeweler. In recent years, however, it has become easier to sell a diamond online, as the number of online diamond buyers has proliferated. Working with an online diamond buyer can come with several benefits, but there are also some clear drawbacks. Working with an online service to sell diamonds means that you are free to comparison shop and compare rates between diamond buyers and include buyers located outside of Florida, to make sure you get the most for your diamonds. It also increases convenience, since you can sell a diamond from the comfort of your own home. 

However, selling a diamond online can come with some key drawbacks. Most notably, it can be more difficult to screen out diamond buyers. When you are selling anything of value, it is important to work with a buyer you trust. This is particularly true when looking for a diamond buyer. It may be more difficult to trust a buyer you meet online, without a physical introduction or a storefront. 

Instead, consider opting for the best of both worlds. Look for a diamond buyer with an online presence and a brick-and-mortar location nearby. Companies that integrate their online and in-person offices allow customers to get their offer on their diamond without leaving their house, at the same time, these companies also enable you to meet a diamond buyer in person before you accept the offer directly.

Looking to Sell a Diamond in Florida? Consider working with Diamond Banc.

Over the past decade, Diamond Banc has emerged as the premier diamond buyer in the Sunshine state. We have offices located throughout Florida, with buyers in Boca Raton, Tampa, Miami, Palm Beach and Orlando. We also offer hybrid selling options and enable you to start the process of selling your diamond online to get an idea of what your jewelry is worth. Once you have received an offer, you can choose to come to visit us in our offices. After meeting our Market Directors in person, you can choose whether you want to proceed with the diamond selling process. We offer the highest rates in Florida for your diamond jewelry. Moreover, our offers never expire, allowing you to compare rates for yourself to ensure you receive the highest offer for your items.

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The post How to Find a Diamond Buyer in Florida appeared first on Diamond Banc.

Let’s be honest, most folks don’t enjoy cleaning. You often end up digging through your closet or garage, building up a sweat, discarding old junk. Of course, if you happen to find valuable stuff that you no longer need, you could hold a garage sale or list the stuff online, earning money along the way. And at the end of the day, getting paid to clean beats plain old cleaning.

When it comes to cleaning out your jewelry box, you’ll often deal with less sweat and more profit. One person’s discarded jewelry could easily be another’s treasure. Your tastes or style may have evolved, making some pieces irrelevant. Still, your old jewelry may suit another just fine. Likewise, jewelry typically contains valuable materials, such as gold, diamonds, and so forth. Even when jewelry is hopelessly out of fashion, the materials remain valuable.

Selling jewelry doesn’t mean getting rid of your collection either. Many people sell their old jewelry and then use the funds to buy new jewelry. This way, you can keep up with the times and latest trends while also preserving your bank account. And with folks fretting about inflation, jewelry can even become an investment, preserving wealth.

Not sure what you have and what you can part with? The wise first step is to take stock of all your jewelry and then declutter, selling pieces you no longer want for a profit. Along the way, you might even find jewelry that you had forgotten about. Now may be the time to bring pieces back into your regular rotation.

Let’s take a look at how you can sort your jewelry and then sell pieces that you no longer want for a profit.

DECLUTTERING YOUR JEWELRY BOX: TIPS FOR GETTING STARTED

First, you’ll want to gather all of your jewelry in one place. This way, you can sort through everything at once and also develop a better idea of what you have on hand. By doing so, you can make better decisions about which pieces to sell and which to part with.

You might realize that while you love gold earrings, you’ve got a huge array of hoops and some pieces are redundant. You might also conclude that you’re lacking in platinum or silver pieces, constraining your style. By taking stock of your entire jewelry collection, you can better make decisions about what should be sold.

It’s smart to find a large, flat area that you can place all of your jewelry on. You’ll want to avoid losing jewelry, so it’s best to use a surface that doesn’t have nooks and crannies where jewelry could end up lost. If you have pets that could get in the way, it’s wise to put them out of the room.

Some people use their beds while decluttering jewelry. This could work. However, there’s a risk that jewelry will get lost on soft surfaces, such as a comforter. Beds are also springy. If you laid out a bunch of jewelry and then fell onto or collided with the bed, it could cause your jewelry to scatter. A large table often works better. You might use your dining room table, for example.

You may also want to have storage containers on hand to keep things safe. If you’re sorting through a bunch of earrings, you may want to put them all in a box or Tupperware container to reduce the risk of any pieces getting lost.

SET ASIDE LOST EARRINGS

 
Often, people sorting their jewelry collection find that they have only one earring out of a pair. It’s best to set these aside and to see if you can find the corresponding earring. You may find that missing earring while decluttering your jewelry box.

Sometimes, that lost earring is gone for good. Still, even a lone earring can be worth quite a bit, especially if it’s made of gold, contains diamonds, or otherwise is forged of high-quality materials.

Selling incomplete jewelry is a wise first step. The choice is typically easy to make. With an incomplete set, you probably can’t even wear the jewelry you have. So it makes sense then to declutter your jewelry box and to raise some funds while doing so by selling single earrings.

WORN AND BROKEN JEWELRY: TIME TO RETIRE?

Like everything else, jewelry can become worn out over time. In some cases, you can take it to a jeweler, who can then clean and repair your pieces. However, repairing jewelry can be quite an investment and you should closely consider if it’s worth the cost.

In many cases, a better choice is simply to retire and sell the jewelry. Then, cash in hand from the sale, you can purchase new pieces. By doing so, you’ll ensure that you’ve got jewelry that’s both in good repair and also keeps with the latest fashion and trends.

Even worn-out jewelry can be worth quite a bit of money, especially if the jewelry contains valuable materials, say diamonds, platinum, or gold. When you sell your jewelry, the jeweler may opt to repair it or to extract the valuable metals.

DECIDING WHICH JEWELRY TO KEEP AND WHICH TO SELL

 
Let’s assume you’ve already sorted out damaged and incomplete jewelry. This is a great first step and sorting such jewelry is pretty simple and straightforward. Once that’s out of the way, however, you’ll have harder choices to make. Which complete jewelry sets and pieces should you sell? Which should you keep?

There’s no easy answer. However, you can ask yourself a smart and simple question: “Would I buy this jewelry piece today?” If the answer is no, closely consider why. Perhaps the jewelry is out of style. If that’s the case, upgrading may be in order. And by selling the old jewelry, you’ll be able to more easily afford new pieces.

Personal tastes change. Earrings you loved when you were 20 years old may no longer suit your tastes at age 40. That’s perfectly fine and a natural part of aging. But instead of letting jewelry that you’ll no longer wear collect dust, it’s best to sell the pieces and move on.

Perhaps the simplest way to identify out-of-date jewelry is simply to envision the piece in a display case at your favorite local jeweler. How would that jewelry make you feel? Would you buy it? Or would you pass it up in favor of another piece? If the answer is the latter, it’s time to sell the old piece so you can buy a new piece of jewelry that you love.

IS YOUR JEWELRY OUT OF STYLE?

 
Even if your personal tastes don’t change, you may find yourself wearing certain jewelry pieces less and less. Over time, some things come into fashion, and some things go out of fashion. Few people wear bell bottom jeans these days. Maybe bell bottom pants will come back into fashion, but if so, that’s likely years away.

Similar story with jewelry. The earrings or necklace you bought in 2005 may have caught the eye in a good way back then. Wear the pieces today, however, and you may look hopelessly out of style. Perhaps in twenty years, styles will change and your old jewelry will be back in style. But for now, it’s best to sell outdated jewelry so you can get stuff that is in style.

Jewelry makes a statement. You can show off your cultivated fashion tastes and financial success with the right jewelry. Out of date jewelry can make a statement too, suggesting that you have poor taste or aren’t with the times.

Fortunately, by selling your out-of-style jewelry, you clear out space in your jewelry box and you’ll have more money to buy new jewelry.

HOW CAN YOU BENEFIT FROM SELLING YOUR JEWELRY AT DIAMOND BANC?

 
Deciding to part with old, out-of-date jewelry is one thing, actually doing so is another. Let’s assume you’ve decided to sell some pieces after decluttering your jewelry collection. Some of the pieces may be incomplete, others may simply not match up with your current tastes or fashion sense. Whatever the reason, selling jewelry that you’ll no longer wear is a smart first step.

So where should you sell your jewelry? You’ll want to find jewelers and diamond buyers who can offer professional advice, fair prices, and top-notch service. Fortunately, Diamond Banc offers all the above and more.

At Diamond Banc, the leading fine jewelry buyers Miami, you can rest assured that we will consider each piece of jewelry closely and will work with you to determine its fair value. We offer years of industry experience, prompt customer service, and our expert jewelers can help you decide which jewelry pieces to sell.

So if you have any jewelry you’d like to sell for cash, make sure you stop by Diamond Banc to get a quote!

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

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The post Declutter Your Jewelry Box And Sell Your Forgotten Gems. appeared first on Diamond Banc.

WHY SHOULD YOU SELL ONLINE?

The prospect of placing something as valuable as a piece of jewelry up for sale online is too much for some people to handle. Some become nervous that advertising jewelry on the internet marketplace could expose you to unnecessary risk. There is the uneasy feeling that you may be swindled by an online jewelry shopper. Or perhaps there is the realization that you may not receive the best price possible. It is unfortunate that a stigma like this can influence your decision. The truth is, selling jewelry online is just as safe as selling it to a dealer in-person in the vast majority of cases. In fact, it can be safer than selling it to someone in person in certain circumstances. 

When someone sells their jewelry online, they have the advantage of:

• Opening up their items to the entire planet
• The potential to receive multiple bids on their piece of jewelry 
• The ability to avoid selling to a dealer who has to undercut you to make a profit
• A broader selection of potentially eager online jewelry buyers who want what you have
• The flexibility to pull your listing if you change your mind or if you cannot get the kind of price you want

 
The online marketplace provides a greater array of options to people selling their jewelry. 

DO YOU HAVE NICHE OR ONE-OF-A-KIND JEWELRY TO SELL?

 
Often, the types of jewelry that move off the shelves the fastest are the niche pieces. If there is something unique or rare about your piece, there will be more online jewelry buyers lined up to bid on it. Is there something unique and extraordinary about the piece that you have for sale? Can you highlight the distinctive features it has when you list its description? Both of those things are very important to close the sale. Don’t be shy about pointing out why online jewelry buyers should desire your niche jewelry. Making your items desirable is all part of the game of getting them sold. 

HOW TO SELL TO A REPUTABLE BUYER?

Selling to a genuine buyer is probably what most people worry about. Many fear being taken advantage of. Fortunately, we have some tips for staying safe and only selling to online jewelry buyers interested in conducting business fairly and legitimately. 

• CHECK FOR POSITIVE REVIEWS

One of the tell-tell signs of reputable online jewelry buyers is when they have earned positive reviews. Diamond Banc, a nationwide luxury buying company has merited over one thousand Google Reviews company-wide.

A single good review doesn’t necessarily paint a complete picture. The reviews ought to be from people who have legitimately done business with these buyers in the past. If all of those testimonials are true, the seller can feel reasonably confident that they are dealing with someone honest and forthright in their business. Suppose you do uncover unflattering reviews. In that case, that is something that should raise a red flag and you would want to take your business elsewhere.

• DOES THE BUYER HAVE EXPERIENCE IN SECOND-HAND MARKETS?

How long has the buyer you are considering working with operated in second-hand markets? Does it seem like they do business with others all the time, or are they brand-new? This is important because you would likely prefer to work with someone who has a solid reputation in the market. It is helpful to have someone to work with who has a wealth of knowledge about secondary jewelry markets.  They are seen as part of the secondary marketplace itself, which says something about how others view their trustworthiness. Perhaps you can count on them to come through for you on your transaction when they are as trusted as the other market players. 

• WHAT ARE THEIR POLICIES ON SHIPPING AND INSURANCE?

If the online jewelry buyers you are considering selling to are offering to pay for the shipping and insurance on the product, that is a plus. Not all buyers will do this, but those who are willing to go the extra mile like that show that they are so interested in the product that they are ready to cover these additional expenses. It is nice to save some of your profits on shipping and insurance overhead costs. People who regularly sell jewelry know how important it is to keep an eye on the marginal costs of running their business. That is why they are thrilled to see when a buyer is willing to cover shipping and insurance. Do not expect this to happen every time, but think of it as a bonus when it occurs.

• WATCH OUT FOR HIDDEN FEES

Always verify with the platform/website that you are listing your jewelry on if there are any hidden fees you should be aware of. Ensure that hidden fees are not cutting into your profits. Always review the website’s terms and conditions to understand what to expect.

• CAN YOU GET SECURE SHIPPING?

Jewelry is a high ticket item and requires extra security and protective packaging to arrive safely. Always double-check the secure shipping methods which may be available and use them to your advantage. If secure shipping is not available in the region where you are selling your jewelry, you should seek other options.

SELL YOUR JEWELRY AT DIAMOND BANC

 
Diamond Banc is a great place to quickly sell your jewelry. The process is simple. 

You will:

• Receive an expert evaluation of your piece of jewelry
• Receive a quote
• You choose to sell/loan if you are ready, and you receive your cash

 
It really couldn’t be much easier than that. Explore our website and find the information you need about your piece of jewelry and receive an evaluation. After that, you decide if you are ready to sell or loan it, then the process is done. 

Receive a price quote directly from our experts. You can decide if that quote meets your expectations or if you would rather hold on to the piece. It is entirely up to you, but you should know that the quote you receive is given after experts have reviewed the piece. 

Many people are retaining jewelry that is highly sought after. If a piece is no longer precious to you, perhaps it is time to consider selling it off.  After all, it could literally bring joy to someone else’s life, and you could get some cash for selling it. See what you can sell today!

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

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In general, it is expected that the diamond industry will remain stable for diamond buyers between 2023 and 2030, with only a few online mine projects, the purpose of which is to help recovery.

The positive changes in the diamond industry were already noticed in 2021 when diamond mining-derived revenue increased by 62%. Two of the industry’s most significant yearly revenue draws were the Valentine’s Day season and the Chinese New Year.

SHOPPING TRENDS AND THEIR IMPACT ON THE JEWELRY INDUSTRY

The most common diamond trends in 2022 are straight from diamond experts.

UNIQUE SHAPES

In 2022, people will be more interested in unique and unusual diamonds, such as ovals, pears, and emerald cuts, which were popular in the past. They are becoming popular again among the upper class and royalty. People also want to have something unique and different, signifying something personally.

LAB-GROWN DIAMONDS

Many diamond experts say that lab-grown diamonds are flying off the shelves right now because people are more interested in eco-friendly diamonds. Lab-grown diamonds are created in a lab, which means less negative environmental impact of mining, lower prices, and increased toughness.

BIGGER DIAMONDS

In 2022, customers are buying bigger diamonds, which is expected to continue. It might be a post-pandemic surge to make the most out of every purchase. One of the main reasons people prefer lab-grown diamonds this year is to get more giant stones for less money.

It is also expected that the new year will be characterized by the boom of the wedding ring business. Many couples can finally move forward with their wedding planning after postponing in 2020 and 2021. Couples are even purchasing a second set of their wedding rings with diamonds.

Also, gender-free engagement rings are becoming more and more popular. Young millennials who represent Generation Z and LGBTQ communities consider gender labels a thing of the past. For this reason, in 2022, custom engagement rings that feel unique are becoming more and more popular.

One of the most critical trends blossoming in 2022 is multi-stone engagement rings characterized by a mixture of old and new stones. Typically, they include four different types of settings, such as Cluster rings, Three-stone rings, Gypsy rings, and Toi Et Moi rings.

Dave Marcotte, senior vice president of global research art retail advisory group Kantar Consulting highlights the following shopping trends in 2022:

• Shoppers prefer high-value items to high-volume things. That means that in 2022, they will become more discerning about how the things they buy affect their quality of life.
• In-person shopping will remain the preferred shopping method. As a result, online shopping and commerce will become more convenience-oriented.
• After several years of the pandemic and travel restrictions, international tourism is gradually back, characterized by increased international flights and cross-border travel. It all is associated with duty-free, luxury retail in airports, urban flagships, and upscale malls.
• Another new year trend is a spike in graduations, weddings, and anniversary occasions. As a result, there is a need for unique gifts and commitment items.

THE IMPACT OF COVID AND LOCKDOWN ON THE JEWELRY MARKET AND INDUSTRY

 
The pandemic, outspread of COVID-19, and lockdowns have significantly impacted the modern jewelry market. The high-end chunky jewelry and high-value diamonds, especially popular in the Middle East and the Far East, are characterized by a significant downfall.

Also, just like many other industries, the jewelry industry underwent several catastrophic events, including postponed events, canceled shows and exhibitions, and severe financial losses for gold and diamond buyers and sellers.

The coronavirus and lockdown period have created the feeling of uncertainty. The uncertain economic situation and the future led to the imbalance in sales and exports. Thus, between December 2019 and March 2020, the gem and jewelry export has declined by 11.32%. Then, in April 2020 and February 2021, the export has reduced by over 34% compared to the same period the previous year. For this reason, the manufacturers, exporters, and sellers need to understand the current market situations and act accordingly. It is not the best idea to wait and rely on the government.

WHAT ARE THE POST-COVID CONSEQUENCES AND CHALLENGES FOR JEWELERS AND MANUFACTURERS?

 
One of the main reasons behind the severe impact on jewels and gems was the shutdown of physical retail stores worldwide. For example, in March 2020, the pandemic shut almost 75% of all jewelry retail stores in Mainland, China. In addition, the measures that the government took in China halted the diamond trade and other business-to-business activities in industry important regional trade hubs. Another cause is that the jewelry industry is a highly export-oriented and labor-bounded sector. Many laborers left and went to their native places, which caused a significant decline in export.

The COVID-19 measures taken at the beginning of 2019 resulted in the fall of diamond prices, including significant trading operations and route disruptions. For example, imports of rough diamonds in India plunged from $1.5 billion in February to $1 billion in April.

The COVID-19 pandemic and restrictions have significantly affected several mining countries, including Australia, Russia, Canada, Botswana, and the Democratic Republic of Congo. The coronavirus crisis has affected production and demand, which caused supply chain and market disruptions and affected the global financial markets.

There is a severe risk of the permanent closure of mines, so many diamond miners are seeking ways to extract more value from their mines regardless of the significant market downturn. Also, many gem workers continue abandoning their mine sites to find other means of livelihood, one of which is agriculture.

However, even though diamond miners and traders are concerned about the fall in prices, the pandemic is the best time for diamond consumers. The diamond prices are favorable right now and have never been more appealing. Many affluent investors are currently purchasing large and high-quality diamonds by taking advantage of the gradual ease of the lockdown in some countries.

Also, despite the global coronavirus crisis, many diamond mining companies, including Alrosa and De Beers, decided to move to defend their markets. They are trying to protect their needs and value by restricting rough-diamond supply.

After the coronavirus and pandemic paralyzed the diamond and jewelry industry, De Beers decided to reduce the price of their diamonds. They cut the costs of their rough diamonds that are above 1 carat. As a result, the sales of De Beers rose 11% year on year to $320 million during August 2021.

After several years of the pandemic, many countries decided to lift coronavirus restrictions. Many retailers who could adapt their businesses to online commerce and trading have increased sales.

Today, many diamond miners in different parts of the world are looking for innovative methods and work methods to protect the diamond industry.

SELL YOUR GOLD OR DIAMOND JEWELRY TO DIAMOND BANC

 
2022 is the perfect year for selling your gold or diamond jewelry. If you are looking for a reliable company that buys used diamonds, Diamond Banc is the ideal choice. Diamond Banc is the nation’s premier jewelry and diamond buyer and lender with over 125 years of expertise in the diamond business. 

The mission of Diamond Banc is to provide clients with peace of mind and operate based on such principles as transparency, security, and transactional integrity. We are known for clear communication and a client-driven culture.

At Diamond Banc, we are ready to buy the following:

• Fine jewelry by Graff, David Yurman, Tiffany & Co., and high-value fine jewelry of any type
• Engagement rings, wedding bands, complete wedding sets, etc.
• Loose diamonds from 0.5 carats and larger. They can be both certified and uncertified. We are ready to provide you with a free evaluation of your diamonds.
• Gold and silver items and jewelry
• Luxury watches by Rolex, Omega, Patek Philippe, and other brands.

 
We understand that searching for reliable and trustworthy jewelry and diamond buyers can be overwhelming. With Diamond Banc, you do not have to search anymore. We give our clients various selling options that fit any individual situation and circumstance.

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

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The post Key Diamond Industry Trends To Look Out For In 2022. appeared first on Diamond Banc.

If you have old diamond jewelry that you are considering reselling, don’t doubt yourself! Do diamonds increase in value over time after purchase? The simplest answer is, no. One thing about diamonds is that they depreciate over time. However, it doesn’t mean that you cannot get anything out of reselling your old diamond jewelry. Unlike other precious stones, a diamond is made of a single element. It is about 99.95% carbon, and the remaining % comprises one or more elements that influence its color. Thus, if you own diamond jewelry that you are not wearing, consider selling it immediately before it loses value further.

Are you searching for “a diamond ring buyer near me?” Consider selling your jewelry at Diamond Banc. We have offices throughout the US, making it easy to find a competent and reliable diamond ring buyer near you. Below you will read a piece of detailed information about diamonds and their depreciation. You will also get to learn about the distinctive features of a diamond.

Distinctive Features of A Diamond

Before Diving Into The Reasons For Reselling Your Diamonds, Let’s First Examine Their Features.

SHAPE

Mined diamonds are cut and polished into different shapes. The shape of the diamond is the view from the top. The shape can be round, oval, radiant, pear, or heart, among others. The choice of a particular shape is a matter of preference. However, the most common diamond cut that has stood the test of time is Round Brilliant. Bearing in mind that the shape influences the ring design, diamond ring buyers near me can tell the shape of the diamond from which your ring was curved.

CUT

The cut is commonly confused with shape. However, there are two distinct features of a diamond. The cut is the view of a diamond from the side. It describes the design of transforming a mined diamond into a gemstone. How a diamond is cut influences its brightness and sparkle. Again, the choice is a matter of preference, as some might prefer cut grades of very good rather than excellent.

SIZE

A diamond’s size or weight is determined by units called carats. However, a diamond’s weight does not always translate to its size/diameter. Thus, if you have a diamond measuring ½ carat that sells for $2,000 and another one with 1 carat but similar characteristics, you will end up paying more for size rather than quantity.

COLOR

Since diamonds are 99.95% pure, it is possible to find some clean crystals while others have some sparkling colors. The diamond with the highest color is said to be lower than the one with the lower color. The highest color means lack of color or being crystal clear like ice. The choice depends on personal preference and your budget. Diamonds with high color grades are more expensive than others.

BRIGHTNESS

Brightness refers to the amount of light that can radiate through the surface of a diamond. As the light passes through the surface, it bends as it passes through a prism illuminating its brightness. The brilliance level is, however, influenced by the nature of the cut. If poorly cut, some light will disappear after passing through the surface, reducing its brilliance. Thus, by observing the brightness of a diamond, you can easily tell if it is perfectly cut or not.

SPARKLE

Sparkles are like white flashes of fireworks in a diamond that it gives off as it moves. Diamond sparkle results from a ray of light reflecting on different diamond surfaces and bouncing back into one’s eyes. While every diamond has its distinct sparkles, the pattern should be evenly distributed on the surface.

CLARITY

Clarity refers to the amount of imperfections within a diamond resulting from how carbon particles are compressed during its formation.

FIRE

Fire is the dispersion of light after bouncing back from the surface of a diamond. The fire is identified as the rainbow colors that you see on a diamond. Like a prism but shaped differently, the light does not bounce back in straight lines instead of shades of colors. For a clear view, you need to be at least three feet away.

POLISH

Diamond surface quality differs. Some have smooth and well-polished surfaces, while others are a bit rough. These polished surfaces are called facets. A diamond facet can resemble a stretched, contorted, or triangular kite. As a result, polish is a significant factor as it enhances its beauty and affects its grade.

DURABILITY

Generally, diamonds are the hardest gemstones. However, that does not mean they cannot break. How durable are diamonds? If properly stored, a diamond can have a long lifespan as it is resistant to scratch.

SYMMETRY

Diamond symmetry is a significant aspect. It refers to how perfectly the facets align, resulting in a perfect shape. A symmetrical diamond is more attractive to the eye and also affects the diamond’s grade. A diamond with an excellent grade has more value than one with a lower grade of poor.

LUSTER

Luster is one of the diamond’s most significant characteristics that most often go unnoticed. It is the top of a diamond. Every diamond has a distinct luster from the others. Their differences result from the diamond’s crystal structure. In other words, diamonds of different shapes have different luster. A diamond ring buyer near me will have to examine the diamond in person to determine its luster.

FLUORESCENCE

Fluorescence refers to the effect or glow that a diamond emits when under UV light. The fluorescence level can impact the beauty of the diamond. A diamond with a high fluorescence level will lower its quality and, ultimately, the value. Thus, it is best not to view diamonds with a strong or very strong fluorescence under strong sunlight as they might appear oily and unattractive.

Factors Affecting Diamond Resale Value

While a diamond has a resale value, you will be surprised at how fast that value diminishes immediately when you leave the jewelry shop. The resale value of your diamond jewelry is lower than the original price you bought when it was new. Some of these factors include:

DIAMONDS RETAIL MARKUP

This depends on where you bought your diamond and the difficulties of reselling a pre-owned diamond. As a result, the resale price is generally at least half of the original price.

SELLING STRATEGY

How do you choose to sell your jewelry? The quote will differ based on the buyer. The knowledge and experience of a buyer plays a major factor. Thus, consider visiting a legitimate diamond ring buyer nearby, like Diamond Banc, for a higher payout for your diamond.

DIAMOND QUALITY GRADES

Generally, diamonds with high color, clarity and excellent or perfect symmetry grades cost more than those with lower grades.

MARKET VALUE

The market value of a diamond is determined by demand and how many other sellers in the market are buying pre-owned diamonds.

THE ORIGINAL COST OF THE DIAMOND

How much does a new diamond of the same caliber as yours cost? After factoring in the depreciation of a costly diamond ring, the resale price will still be worthwhile.

Four Reasons Why You Should Consider Reselling Your Pre-Owned Diamonds

QUICK AND EASY CASH

Do you need quick cash? If you own diamond jewelry that is rarely used, it is time that you consider selling them. Unlike some assets that are not easily convertible to cash, a diamond can be sold pretty easily. However, despite being desperate for quick cash, avoid accepting the first offer that you receive. If you are still searching “Diamond ring buyer near me,” research your diamond’s market value and contact Diamond Banc and enjoy the full benefit of your resale value.

A FASTER RATE OF DEPRECIATION

You will be surprised at how fast diamond jewelry depreciates. You purchase that elegant diamond ring and leave the shop, and its resale value is never the same. Thus, the longer you hold on to those diamonds, the more their value decreases. Therefore, take the deal when it is still hot and avoid losing so much time.

YOU MAY NOT USE ALL THE PIECES OF JEWELRY YOY OWN

Why hold the diamond pieces that you rarely wear when you can get a fair value for them? Is it possible that you are not using all your diamond pieces? If that is the case, there is no need to hold them longer just because of their sentimental value. You should sell them and have a chance to enjoy a fair resale price. The longer you take to sell, the more their value decreases. Take the resale deal and avoid extreme losses with once expensive jewelry.

THEY REMIND YOR OF A SOUR RELATIONSHIP OR INSTILL NEGATIVE EMOTIONS IN YOU.

If your diamond jewelry serves as a reminder of a past relationship, why hold on to them? Make a quick sale and buy something that brings positive vibes to your life. Take that leap of letting go of your painful memories when you sell to a nearby diamond ring buyer.

Why Choose Diamond Banc?

Diamond Banc is not only a trusted and reliable jewelry dealer but has established numerous branches across the United States. Thus, consider checking out their offices if you are still searching for “a diamond ring buyer near me.” You will receive reliable and honest feedback about diamonds and their resale values.

BOTTOM LINE

The rate of diamond depreciation is unbelievable but also a reality. Having read this blog in its entirety, you should now understand why it is essential to sell your ignored pre-owned diamonds sooner rather than later. Despite diamonds losing half of their value or more, it is best to conduct market research and consult with reliable diamond buyers like Diamond Banc for fair prices.

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

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Know The Worth of Your Jewelry

The most essential factors that you need to consider while selling your jewelry are knowing its worth and finding a reliable space. It is also vital to note that the worth of your jewelry is not what you believe it to be, but an accurate and detailed valuation of the pieces. Getting your jewelry’s worth estimated will do a few things; for starters, it will give you a baseline to start from when beginning to sell your jewelry.

The best way to go about this is to visit a jewelry store that can value your jewelry. Having a written valuation can help you establish a place to barter from and help the buyer determine how much they want to pay.

Visit a jewelry store or any jewelry appraisal facility, and they will provide a written report entailing various factors used in grading and valuing your jewelry. They will look at various elements such as the metals that the piece consists of. If it is made of gold, the current value of gold will be considered, the same as silver and other precious metals. There will also be an evaluation of the gemstones used in the jewelry. Does the piece have diamonds, sapphires, or rubies? What is the cut or the clarity of the carat? These factors are all going to determine the value of the piece. 

Your valuation may also be based on any unique factors for the particular piece of jewelry. Is it a designer brand, is it antique,  or does it have specific and unique characteristics that make it different? Things like these will matter a lot while evaluating the worth of your jewelry. If you are thinking of selling a piece of jewelry, it is essential to take the time to have your piece valued before selling to know what it is worth and avoid people or companies that are trying to take advantage.

Tips For Selling Online

If you are looking to sell online, there are a few things you can do. The first is to make sure you are taking detailed photos of what you are selling. You have to make sure that you are taking photos in different types of light, that you are taking both far off and close up shots, and that you are also taking pictures of any maker marks or other significant marks that are present. This will help your buyer determine if the piece is worth what you are asking for and if they want to purchase it.

When looking for the best place to sell jewelry in Miami, consider your online options. You can sell online on auction sites and there are sites that deal exclusively with jewelry where you can list a firm price. Taking the time to find the right site can help you get your pieces sold quickly and at the correct value.

Another thing that does help you sell online is if you have any valuations or certificates that you can include with the piece at the time of sale, this will help your buyer determine better if they are going to purchase or not. It is always best to include any documents you have regarding the value of your piece so that the potential buyer can see what value has been attributed to the piece and more. When selling online, your best asset is going to be pictures. Since the buyer cannot hold the piece in their hands before purchase, your photos are going to be what the buyer uses to determine if they want to purchase or not. Taking the time to take clear, detailed, and accurate photos can make a big difference. 

Tips For Selling In Person

If you prefer to find a physical location to sell your pieces, you want to look for the best place to sell jewelry in Miami or wherever you are located. This will help you ensure that you are getting a fair deal and getting the best value for the pieces you are selling.

• The first thing that you need to do when selling your pieces in person is to bring supporting documents, certifications, or previous valuations from reputable places. This will help the buyer determine if they want to purchase your jewelry and at what cost.

• The next thing to do is to invest the time to find the best place to sell jewelry in Miami or elsewhere. If you have a piece of fine jewelry that the buyer may want to resell themselves, they are likely to give you a higher price for your pieces.

• Knowing what your pieces are worth prior to the sales process will give you leverage by providing you with the information that you need to refuse an offer that is too low. It will also give you a baseline price to start from. It is also essential to have realistic expectations about selling your jewelry. In most cases, unless you are selling to a person who will keep the piece forever, you are likely only going to get a fraction of the value. This is because those that buy pieces to resell intend to make a profit. Selling in person may result in a higher payout and can help you be sure your pieces are going to a good home. You should look for reputable dealers with good reviews to ensure the safety of the transaction.

Any piece of jewelry that is of value to you, can be another person’s scrap. A reputable and reliable dealer or buyer will offer you more money and will also be able to help ensure you are getting a fair price for your pieces. Selling in person is a preferred method of sale for many as it allows you to talk face-to-face with the person that is purchasing your pieces and verifying that you are getting the best deal possible.

Why Choose Secure Selling with Diamond Banc?

Diamond Banc is a reputable buyer in Miami that can give you the best price for your jewelry. We deal in all sorts of jewelry, from precious metals and gems to loose diamonds and more. Our employees are trained to value pieces and to accurately offer you prices that you will be happy to accept for your pieces. We work to be fair, impartial and offer you prices that will reflect the value of your pieces.

Contact us today to book an appointment to receive the best deal for your jewelry!

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

Tampa, FL – Boca Raton, FL – Miami, FL – Orlando, FL

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Whether you’re looking to sell jewelry inherited from family, let go of an old engagement ring, or simply upgrade your jewelry collection, selling jewelry can be difficult. Instead of keeping unworn jewelry in a forgotten drawer, selling an under-appreciated piece of jewelry can provide thousands of dollars in uncertain times. Nevertheless, the process of selling jewelry in Dallas can be an emotional one. Saying goodbye to a piece of your jewelry can be tough, and that’s without the added stress of trying to find the perfect buyer. How do you know where to start? You may feel overwhelmed or intimidated when it comes to selling your precious jewelry. However, it may help to begin the process with some practical tips that prepare you to sell jewelry as an informed seller.

Tip #1 – Know Your Selling Options

You have a lot of options for selling jewelry in Dallas which means it’s important to know the pros and cons of each so you can make an informed decision. The most common options for selling jewelry are pawn shops, retail jewelry stores, selling directly to a private buyer, or finding an expert jewelry buyer like Diamond Banc.

• Pawn shops are a fast and convenient way to sell. However, they typically lack the true expertise needed to properly evaluate jewelry to determine its maximum value which means the prices offered will be substantially low.
• Retail jewelry stores generally have the expertise needed to properly evaluate jewelry, so they will have a good understanding of its value. The issue you may face is that not all jewelers buy jewelry from the public. Even the ones that do, are often very selective about what jewelry they are willing to buy and simply cherry-pick the types of items they think they will be able to resell. Furthermore, many retail jewelers will only “buy” your jewelry if you’re willing to leave it with them on consignment where they sell it on your behalf and then pay you once it has sold. This means it will likely take months or even years for you to get paid for the jewelry.
• You might assume that selling directly to a private buyer through channels such as eBay, Facebook Marketplace, or other online forums will result in the highest prices being paid for your jewelry. However, these options can be challenging and very risky! You’ll be required to take high quality photos and provide accurate descriptions of the jewelry. Then you’ll have to answer numerous questions about the piece in what can seem like a never ending back and forth between potential buyers. Then most importantly, you’ll have to be careful to avoid scammers and other unsavory individuals who target private sellers online.
• The best option is to find a trusted expert jewelry buyer like Diamond Banc where you work with true jewelry industry experts in a safe, upscale environment. This will ensure every value-adding factor is taken into consideration to maximize your selling price and the process is simple and fast with funds being issued immediately.

Tip #2 – Understanding Appraisals

Many people looking to sell their unwanted jewelry assume they will need to obtain an appraisal for their items. This is a common misconception and not something Diamond Banc recommends. To understand why, you should first know the reality of what an appraisal truly is.

In order to give the impression that you received an outstanding deal on your purchase, many jewelers artificially inflate the retail replacement value on your appraisal. Moreover, a retail appraisal represents the value to replace your item in “new” condition. However, in most instances, jewelry sold in the secondary market has been previously owned and worn. The combination of these factors can cause a dramatic discrepancy between the actual resale value for your jewelry and its appraisal value.

In the jewelry retail industry, most retail insurance appraisals are approximately 2.5 times the actual wholesale cost of the jewelry. Retailers add significant margins to compensate for the operational overhead of running a business such as rent, utilities, employee labor, marketing, etc. while ensuring they continue to generate a profit.

Diamond Banc does not recommend paying to have an appraisal completed as it’s ultimately an unnecessary expense. Our expert gemologists and experienced jewelry professionals will provide the most accurate valuation of your items. We have a pulse on the pre-owned jewelry markets and utilize supply and demand in the markets to determine the value of any piece. This is all done on the spot with zero pressure and zero cost to you!

Tip #3 – Consider The Factors That Determine Your Jewelry’s Value

Like most luxury items, there are many factors that will determine the true value of your jewelry. Some of the main factors include the jewelry’s style, age, condition, quality and most importantly, demand! The overall condition and quality of your jewelry is self explanatory, high quality pieces in great condition will be worth far more than low quality pieces in poor condition. The demand for an item is the single greatest factor that contributes to its resale value. If the piece is old and the style is outdated, demand will be low and the value will suffer. Whereas if you have a newer piece of jewelry that is a current style and hard to obtain, then the demand will be much higher, as will its value.

Tip #4 – Have Realistic Expectations

The brutal truth when it comes to selling pre-owned jewelry is that you won’t get anywhere close to what you originally paid for the item. There are a few exceptions to this rule such as some high demand Rolex sports model watches or highly sought after, rare designer jewelry pieces. As a general rule, you should not expect to sell your jewelry for the same price you paid or for what it’s appraisal value states it’s worth. The simplest way to think about it is to compare it to selling a car that you bought brand new from a dealership. The second you drove it off the lot it became pre-owned and the value instantly depreciated by a significant amount. You would never expect to sell your car for the same price you paid and your jewelry is no different. Having realistic expectations from the beginning will make the entire selling process go much smoother.

Tip #5 – Work With a Trusted Expert

As mentioned before, there are many options for selling jewelry in Dallas. Finding a trusted jewelry buyer in your area with a great reputation can be the difference between selling your items for top dollar in a safe, luxury environment or getting lowball offers in a high-pressure, uncomfortable setting.

Diamond Banc is the premier jewelry buyer for the greater Dallas area. Our highly trained jewelry experts are fully immersed in all facets of the pre-owned jewelry market on a daily basis. This means we know exactly how valuable your jewelry is, and we will pay you accordingly! If you have interest in learning how much you can sell your jewelry for, complete one of our simple online forms to get the process started, or contact Diamond Banc today.

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