Tuesday, January 7, 2014

What You Need to Know Before You Sell Your Diamond Online

The saying diamonds are forever is true for many different reasons. For one, a diamond will always remain a symbol of sophistication and affluence, which will make people from now until forever want to own one. Moreover, a diamond remains a good investment. It remains one of the highest valued rare gems that will make any person want to own one forever. For such reasons, diamond trade remains strong; and with the current developments in information technology, diamond trade has also reached the Internet. So people can now sell diamonds online, that’s great, right? While it is a good thing, it can also be very risky. When talking about selling diamonds, we can be talking about a gem that could be worth huge deal of money; hence, people who want to sell diamond need to be very careful and very sure in transacting with jewelers. When selling diamonds online, the most important thing to ensure is the reputability of the company. The first thing any seller needs to look up is the company’s profile or business report. Here are the things a company report usually consists:
1.       Rating from the Better Business Bureau (BBB) – BBB ratings will let you know how reputable a company is based from their business performance standards. BBB rates businesses from A+ to F, the highest and the lowest ratings respectively. BBB also publishes information about any unpleasant histories about the company.
2.       Insurance terms – Considering the fact that you will be shipping your diamond online, anything can happen. Know the terms of the company’s insurance policy so you know how they can cover for you in case anything happens with the diamond while in transit.
3.       Terms covering the return period – It is also important to know how long exactly it will take for you to get paid. Your diamond may be worth quite a bit, so make sure you get your money safely and on time.
4.       Shipping – Shipping highly valuables items like diamonds is very crucial. Know what shipping service your jeweler use and make sure it is trusted and reliable.
5.       Appraisal system – It is also important to know whether the company offers and instant appraisal their clients’ items. Online jewelers need to be as responsive as they can when it comes to this. Since clients are not dealing with them personally, they need to make clients feel well received. Your jeweler must be able to make you feel comfortable with their appraisal system as this will determine the price of your diamond. Reputable online jewelers are mostly able to provide instant appraisals.

Selling diamonds online entails a lot of risks. However, reputable online jewelers must be able to make you feel safe and comfortable with their process. Good online dealers will be very welcoming to your inquiries and will make sure all your questions will be answered and all your doubts will be cleared. Do not hastily send your diamonds to any online dealer you find through the internet. It is very important to do your research to make sure that you are transacting with a legitimate online diamond buyer

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