Selling Your Diamond Jewelry Online is Fast and Easy

October 31, 2011

With the historic rise in the price of precious metals, a lot of attention is now being paid to diamond jewelry as a source of ready cash. Many people are asking themselves if now is a good time to sell diamond jewelry. The answer is, “Yes” — now is a good time for selling diamond jewelry. The next question is,  “how to sell diamonds?”

 

There are several web sites that are making it easy and convenient for those who are selling diamond jewelry. One of them is CashForDiamondsUSA.com, which will send you a pre-paid Fedex packing envelope which you can use to send them your unwanted diamond jewelry. Within a few days of receiving your jewelry, they will assess its value and send you a check, which you can either cash, or if you are not satisfied with the price, you can ask them to return your jewelry.

 

The key to getting the best price for your diamond jewelry is to have realistic expectations about how much your diamond jewelry is truly worth in the marketplace. If you are expecting to get close to what you paid at the jewelry store, think again. Even though you paid retail, the best you can hope to get for your diamond jewelry is something less than the wholesale price. That being said, prices have risen dramatically in the last few years. If the jewelry was purchased many years ago, you may be pleasantly surprised at how much the jewelry is worth. The price of diamonds has increased in the last few years, but the price of gold and silver has skyrocketed. So even though the diamond may not be worth much, the setting alone could be worth a lot.

 

Diamonds have never been seriously considered a worthwhile investment vehicle. There are many factors that go into the price of diamonds, and one of the foremost factors is fashion. The value of diamonds is influenced by the popularity of their cut and color, as well as the carat (weight) and clarity. Also, diamonds are considered a luxury good  that rises and falls with income. When times are good and people are feeling secure about spending on luxury, then the price of diamonds tend to rise. When times are bad and people are feeling insecure, then they tend to defer their purchase of diamond jewelry. Gold and silver, on the other hand, is viewed as a form of investment that increases in value when the economy goes bad.

 

 

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