The value of diamonds rose up as steeply as gold in the recent years and also did the advertisements and promotions of companies to sell diamonds, silver, gold and other stones. While the advantage that customers enjoy is that they get a lot of options to choose from but like every coin has two sides, not all the companies are certified to evaluate the prices of these valuable stones and end up cheating most of the customers who remain unknown to all these till then. Finalizing on a certified and trustworthy diamond seller is quite a tedious job if one is not clear and smart when buying. Given below are a few lines that might come helpful….
Valuation of Precious Metals
There are tons of attributes that comprise of the value of a diamond or any other stone. The most notable ones may be clarity, color, cut and the weight. Once these attributes are checked the value is determined. But if the diamond buyer or the business client you are associated professionally with is not able to put a grade on the diamond, determining an accurate value is not possible.
As the value of a diamond is straightly connected to its attributes, it becomes very important to look for anyone having a sound knowledge about grading of diamonds. When it gets down to the expert advice, GIA rules over as they are seen to have the most expertise on grading diamonds.
Avoid the companies that specialize in both gold and diamonds because many a time it has been seen that these companies do not have enough expertise while grading a diamond. The reason partly being that gold is usually easy to calculate by looking at the market valuation but with diamonds it is a much more complex task. Always do a thorough research and stick to the reviews you see or read. Choose an agency that has enough reputation and choose so with smart Google research. Do not succumb to fast cash and EMI offers by companies because that gets too risky. It is always recommended to go for family business because they tend to own deep roots within the community and pay heed to the interests of the buyer to maintain their image.
So before running to the market, have a proper vivid picture of the authenticity and quality of the diamond. Only a proper appraiser can judge such precious stones and give a proper judgment of the condition of the stone along with the pros and cons that can have an impact on the value. And always investing in such substances is not necessary all the time. If one is short of the money and your desired diamond is of more worth, fell free to just get your buy a professional advice about its conditions and attributes from an expert or a local pawnbroker. Do not even hesitate to visit multiple shops to gain a firm idea of specifications of the diamond and the market rate.
Always have a cost approach in your mind when you get to buy one because it is seen that having unreal cost views in mind for the purchase is the easiest way to lose hope. Consultation with an appraiser becomes very important then as it helps you see the potential cost of the purchase. Simultaneously, look for the prices elsewhere too and tally them.
Having good investigating backup is very critical because for resellers, getting a company or customers is not a big problem because primarily and most importantly it depends on how fast you negotiate and make the deal for further marketing. Time becomes and is the most critical factor in these cases .And sometimes, this time even enjoys a sheer advantage over trust because for the groups who look forward to enhance business practices, they look for opportunities to maximize benefits. And in situations like these, since they are into bulk marketing, they do not have to pay anything near the retail purchase.
But for the customers, Retail price is more feasible to them because they make a save on it and to be simple and straight, they likely cannot afford wholesale costs. Online sites like eBay has made a new cut and turned a late newcomer in this industry. Looking for diamonds and other precious items is also possible on these sites. However , unlike the contemporary offline counterparts, once a deal is made between both the parties- the buying and the selling after having a thorough journey of the items and the descriptions, both the money and the item bought is sent to the site. EBay assures that the money is forwarded to the seller only after the item authentication procedure is completely secured and made sure of. These sites in turn, enjoy a percent commission on the successful buys.
If you are looking to sell the assets to someone, it is better to look for a consignment middleman to sell it on your behalf. This might get you a quite high price than had you would have got if you sold it on your own but also know that the dealer is cutting his or her own commission from the middle. So if you are considering this option, make sure you have done a proper homework about the dealer and gain a firm trust between each other.
It is a human nature to see diamonds as items of extreme love and fortune. So make sure that you are ready to go through any regrets after selling it or them off. It is better to leave the emotions associated at home during business. Sentiments amusingly may increase the value of the item but remember that is none of the concerns of the potential buyers. Because keeping your peace of mind is more critical than getting emotional over materialistic things.
No matter what, the base thought remains the same. The most likely reason to invest in a diamond is either that will remain as a valuable asset or they will fetch in profits later.