SELL DIAMOND JEWELLERY | PremiumBuyerSG

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The Ultimate Guide to

Selling Diamond Jewellery

Starting the journey of selling your old diamond jewellery

Embarking on the journey to sell your old diamond jewellery in Singapore? Navigating through the network of traders, understanding the value, and ensuring a secure and profitable transaction can be confusing. Whether it’s a vintage heirloom, engagement ring, or an exquisite necklace, understanding the avenues for a trustworthy and rewarding sale is important. Let’s delve into a comprehensive guide designed to enlighten your path in selling your precious diamond pieces seamlessly with best value for money.

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Key Highlights

1. What are the reasons for people to sell their diamond jewellery in Singapore?

2. Receive the real value of your diamond jewellery.

3. Choose the Best Trader

4. Navigating through the Selling Process

5. Legal & Ethical Aspects

6. Frequently Asked Questions

7. Expert Tips for Selling Diamond Jewellery

8. Conclusion

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Lets get to you started with your Diamond Selling journey

What are the reasons for people to sell their diamond jewellery in Singapore?

•   Monetary Benefit: Converting old unused jewellery into instant cash instead of letting get dusty in your Safe/Locker.

•   Upgrading: Leverage sales towards exchanging to new, trending pieces that they actually wear.

•   Decluttering: Streamlining the collection, retaining only jewellery that resonates and makes a statement to your collection

• Letting go of the past: Starting a new path in life and leaving history behind.

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Receive the real value of your diamond jewellery.

Ask for the original certification of the offered jewellery if it had any.

This will help you ensure an accurate valuation of your diamond. This is mostly relevant to high end reputable gemmological labs like GIA.

Understand the 4Cs: Grasp the importance of Cut, Color, Clarity, and Carat weight in determining value. Knowledge is power in any negotiation. Showing zero knowledge is a risky move.

Market Research: Explore the current market rates like the Gold spot price.

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Choosing the Best Trader

Reputation

Opt for traders with 5 star reviews with honest and transparent process.

Certifications

Ensure they are certified by recognized jewellery associations. Like The Singapore Diamond Exchange.

Safety

Prioritize traders who facilitate secure and confidential transactions.

Navigating Through the Selling Process:

1. Initial Assessment: Secure a preliminary valuation from the trader.

2. Negotiation: Don’t hesitate to negotiate for a better deal.

3. Finalization: Secure a receipt detailing the transaction, including the agreed price and item description.

4. Comparing: If possible compare at least 2 offers from reputable traders.

Legal and Ethical Aspects:

Ensure your sale adheres to Singapore’s trading laws.

Confirm the legitimacy of the buyer to avoid involvement in illicit trading.

Expert Tips for Selling Diamond Jewellery

Documentation

Keep all certificates, appraisals, and relevant documents ready.

Emotional Quotient:

Be prepared to detach emotionally from your jewellery for a smooth transaction.

Compare

If possible get more than one offer as different business often have different specialties and will pay differently on some items.

Flexibility

Choose places that allow more than one path to maximize your payback for your old diamond jewellery like trade in options and consignment for high ticket items.