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If you're one of those lucky people who have extra diamonds laying around and want to sell them for cash, it only takes a few clicks online to make it happen! Whether it's an old wedding ring, a family heirloom, a pendant, or any other type of jewelry that you're hoping to get a cash return for, it's never been easier.
Gone are the days of having to drive all over, taking your diamonds to a pawn shop or jewelry store to find the best deal. There are quite a few companies online who will buy your diamonds at competitive prices. Most provide step-by-step directions that make it easy to understand how to do business with their company.
Wednesday, June 23rd
Express Gold Cash is a family-owned business that has been buying diamonds, jewelry, coins, gold, silver, platinum, palladium, and rhodium for over 25 years. They have an "A+" rating from the Better Business Bureau and hundreds of customers who highly recommend doing business with them. Express Gold Cash is one of the most honest and reliable companies you can deal with when selling your diamonds and other precious jewels and metals. They have earned our highest rating for diamond buyers.
All Diamonds Are Game
Express Gold Cash accepts all forms of diamonds, but to be more specific, they list engagement rings, tennis bracelets, pendants, earrings, loose diamonds, and melee (small) diamonds. The offer they give for your diamonds is determined by the carat, color, clarity, and cut. Express Gold Cash educates customers on the value of their diamonds and will discuss details in-depth when sending an offer.
Receive Top Dollar For Your Jewelry
When doing business with Express Gold Cash, you can rest assured knowing that they go to great lengths to educate customers on the worth of their items and provide competitive and fair offers. They specialize in buying gold and say they pay 90% of the value of gold bullion and up to 85% of the refined value of gold jewelry. The cash offers from Express Gold Cash are based off of the current market price (PM London Fix) which is updated on their website daily. However, Express Gold Cash doesn't go into detail about how they price diamonds specifically.
Easy Appraisal Process
The first thing to do when considering selling your jewelry to Express Gold Cash is to request a free appraisal kit. The form is available on their website and you'll be mailed a free Express Gold Cash Kit with a prepaid FedEx envelope and instructions for packaging your diamonds. You can drop your items off at a local FedEx drop box for shipping to New York. The package is insured for $5,000 (with up to $100,000 available) and tracked the whole way. Once Express Gold Cash receives the diamonds, they will send a confirmation email and calculate the cash value. You'll receive an offer that you can either accept or reject. Payment is sent within 24 hours of acceptance, otherwise your diamonds are sent back immediately, free of charge.
Match Competing Offers
Express Gold Cash is one of the few companies we've found that offers a price-match guarantee. If you receive an offer from one of their national competitors that is higher than Express Gold Cash's offer, they will match the offer (not to exceed 90% of the current market price) or return the diamonds at their own expense. You'll need written documentation of the offer from a competing company to qualify.
What is most impressive about Express Gold Cash is their backing of loyal customers who have nothing but good things to say about the company. There are hundreds of reviews online from customers who say the company works fast, processes are seamless, they accept all gems and metals, they are honest, and offers are extremely competitive. Even though diamonds are not their bread and butter, we are happy with how acceptingExpress Gold Cash is of different types of diamonds, their price-match guarantee, and simple step-by-step process. Express Gold Cash has earned our highest rating for diamond buyers.
WP Diamonds was founded in 2012. They allow people to sell their diamonds, jewelry, bags, and luxury watches easily and safely online. They are headquartered in New York with additional offices in Hong Kong, the UK, and Tokyo. The WP Diamonds website is professional, comprehensive, and easy to use, so customers will have a smooth experience doing business with them online.
WP Diamonds provides a straightforward list of what they will buy on their website. You can sell them certified or uncertified diamonds of 0.5 carat or larger, GIA certified fancy color diamonds, designer diamond jewelry of all sizes, radiant cut diamonds, luxury watches, and luxury handbags.
There are five steps to take when getting a price quote through WP Diamonds:
Comprehensive Insurance Policy
WP Diamonds' insurance policy allows for packages to be insured up to $200,000 each. If you have really expensive items, you can contact customer support and arrange for them to be transported through Brinks armored delivery. Once WP Diamonds receives your package, it is opened on camera. A video outlining the full process can be viewed on their website.
There are helpful, free tools that customers can take advantage of on WP Diamonds' website. One is a diamond weight calculator that uses the shape of the diamond, plus its length, width, and height to give an estimated carat weight. This is helpful in gauging what your gems are worth before submitting them for an offer. You can also pull a diamond certification report straight from their site by submitting the weight and certification number.
Customers Are Thrilled
Not only does WP Diamonds have an "A+" rating from the Better Business Bureau, but they are well-liked by their customers. Many people say this is by far the best place to sell diamonds and they would recommend them to all their friends and family. Their payments are fair, employees are honest, and the process is streamlined. There are hundreds of customer reviews online and all of them result in 4.5 out of 5 stars or above. This is by far one of the best places to sell your diamonds online.
Cash for Diamonds USA is a subsidiary of CJ Environmental, a precious metals refinery that was founded in 1975. Cash for Diamonds is one of the largest diamond buyers in the world. They've served over 250,000 customers since their inception in 2005. In addition to diamonds, they also buy gold and silver. Their professional and straightforward website makes customers feel at ease with the process of sending in their jewels and helps them understand the process with confidence.
Make Money On Any Kind Of Diamond
Whatever the type of diamond and however flawed it may be, Cash for Diamonds USA will buy it. The bar is fairly low as to what they will accept. They will buy chipped diamonds, loose diamonds, flawed diamonds, small diamonds, and more.
Highly Insured Mailing
To initiate the process of selling your diamonds to Cash for Diamonds USA, you first fill out an online form to request free shipping. Next, you'll send in all the diamonds you want to sell with the Safepak mailer provided to you. Shipments are insured and can be tracked by USPS or FedEx to give you peace of mind. Your items are insured up to $100,000. Within 24 hours of receiving your package, Cash for Diamonds will appraise the diamonds and send you an offer. If you accept, you can choose to receive a check in the mail, bank wire, or be paid through PayPal. If you choose not to accept the offer, your diamonds will be returned to you at no charge.
Cash for Diamonds boasts that they pay 3x more than other diamond buyers, according to an undercover study conducted by Fox News. To date, they've paid customers over $53,785,000 for diamonds alone. Their price-match guarantee ensures that you won't get better offers on your diamonds from any of their competitors.
Cash for Diamonds USA does not have a Better Business Bureau rating, but CJ Environmental holds an "A" rating. There are also very few customer reviews online, which is disappointing. However, over the years, Cash for Diamonds USA has continually updated their website and policies to be more customer friendly and make it as easy as possible to sell your diamonds. You can't really go wrong here with the price-match guarantee and low requirements for what can be sold. We highly recommend checking out Cash for Diamonds USA if you are looking to make some money off of your unwanted diamonds, gold, or silver!
GoldFellow has been in the jewelry business for over 35 years and has high customer satisfaction ratings. The company uses diamond buyers out of Fort Lauderdale and South Florida. In addition to buying diamonds, they will also pay cash for gold, silver, and platinum. They primarily deal in buying and selling gold, but if you have a diamond to sell that's larger than ¼ carat this service is an option.
Video Surveillance Unpackaging
The process for sending in your diamonds to GoldFellow is simple and straightforward, but it is much more detailed than some of their competitors. They will provide a free FedEx Express Saver service and insure your package up to $2,500. If you need more insurance than that, you can contact customer service to make it happen. You can track the package every step of the way until it arrives at their facility. Once they have your items, they open them under a video camera in their lab and then begin testing and grading the items. The diamonds are weighed, and then an offer is posted online for you to review. If you accept the offer you will be paid via PayPal, direct wire transfer, or a check. If you choose not to sell your diamonds, they will be returned to you for free.
Guidelines For Acceptable Diamonds
GoldFellow accepts diamonds over .25 carats, all shapes, and both certified and uncertified diamonds. They will not buy clarity-enhanced stones, laser drilled, S13, l1, or l3 clarity diamonds. They also cannot have large, visible, black inclusions. You can learn more about these details on their website, but you may need an appraisal on your diamond if you're unsure whether or not it is acceptable for GoldFellow.
Caters To Customers Selling Gold
On GoldFellow's website, you can view recent payouts for people who have sold rings, necklaces, watches, bracelets, coins, and more, but none of them show diamonds. The company definitely caters to gold-sellers and gives the most detailed information about gold-related items. Because of this, the best way to gauge the price you might get for your diamonds is just to send them in and get an offer. Unfortunately, you won't find a price-match guarantee here either.
GoldFellow has an "A+" rating from the Better Business Bureau. They are also highly recommended by customers who have had great dealings with customer service, felt the process was 100% transparent from beginning to end, got great payouts, and say GoldFellow is honest and trustworthy. They have slightly stricter requirements for diamonds than some competing companies, so this might not be an option for everyone looking to sell their gemstones. They also don't have a price match guarantee or as much information about diamond selling specifically, but this is still a good, reputable option to get cash for your diamonds.
Diamond Buyers International is based out of New York and was established in 2008. One of their main selling points as a company is that they don't use "middlemen" in the process of buying diamonds (even though this is also the case with many of their competitors). Diamond Buyers International has a good business model of allowing customers to get estimated appraisals on their items before sending them in, but they don't have a guarantee on pricing to stay competitive with other companies.
Get Informed Before Selling
Before choosing to sell your diamonds, you can request a free appraisal kit to get a better idea of how much your diamonds are worth. By providing your name, email, and address, you'll receive a free prepaid FedEx overnight envelope with instructions on how to mail in your diamond jewelry. Your other option is an instant, online appraisal. Choose the shape of your diamond, carats, color, and clarity, and get an estimate of how much it is worth based on buyer demand, peak-season pricing, and inventory. You'll receive an estimated offer via email.
No Diamond Parameters
There are no specific parameters regarding what types of diamonds can be sold to Diamond Buyers International. Taking advantage of the appraisal system before shipping your diamonds in is a good way to check if it is even worth your time to go through the process. The "Diamond Education" page of the website helps customers understand the "4 C's" of diamonds: cut, clarity, color, carat weight. This might provide some insight as to the quality of your diamonds and how much you can expect to receive for them.
Accept Or Reject Offers Online
Once you decide to ship your diamonds to Diamond Buyers International, you'll be able to print a free shipping label and send off your package via FedEx. Your items are insured for up to $5,000 and you'll be able to track the package the entire way. Once your package is received, you'll receive a notice and an official offer within 24 hours. You will use a provided login to accept or reject the offer. If you decide to go for it, you'll get either a check, direct deposit, or PayPal transfer. If you turn it down, you'll get your diamonds back at no cost to you.
Decent Option For Selling Diamonds
There aren't many customer reviews online for Diamond Buyers International, but of what there are, people are very satisfied with their experience doing business with this service. People say their offers are higher than at other companies, it's easy to stay in touch with customer service, and they were treated fairly. The company also has an "A+" rating from the Better Business Bureau. This isn't the best option for selling diamonds online, but it isn't a bad one either.
The Diamond Valet buys all types of diamonds and diamond jewelry like rings, bracelets, and earrings as long as they are .75 carat or larger. They are a small company with very little information regarding the history and origin of their business online. For as much information as you can read on The Diamond Valet's site, little of it pertains to the specifics of buying and selling your diamonds.
Online Diamond Evaluation
For a fast, free, online diamond evaluation, you can submit your name, phone number, and email address along with the carat of your diamond, type of certification, shape of the ring, additional details, and the best offers you've received so far or your anticipated sell price. The Diamond Valet will get back to you with details about what your diamonds might sell for. Not everyone will know all these details about their diamonds, but if you do, it's a good starting place.
Little Instruction On Shipping Diamonds
For a full appraisal detail form, you select the type of diamond you're selling, the brand, type of metal, appraisal type, shape of the largest diamond, total number of diamonds, carat weights, clarity, and color of the largest diamond. After giving your name, phone number, and email address, you can submit the form and wait to hear back about your estimate. The Diamond Valet says they need to see your diamonds in-person to make the best offer, but they don't provide details about how to make that happen.
Working With Customer Service Is A Must
We recommend contacting customer service for a step-by-step plan on sending in your diamonds. We suggest asking them if they pay for shipping and insure the package along with giving tracking information. They say that within 48 hours of receiving the diamonds and conducting an evaluation, The Diamond Valet will provide you with an offer either by phone or email. It usually takes 3-5 days to complete the purchase of your diamond. Payment is made by a cashier's or company check sent through the mail.
Better Options Out There
The Diamond Valet does not have a Better Business Bureau profile page or rating. They only have filtered customer reviews on their website - this is probably not a company that most people choose to go with when selling their expensive diamonds. We quickly lost enthusiasm with The Diamond Valet as their processes aren't laid out in detail. Some people won't even be able to work with them at all if they don't have diamonds that are .75 carat or larger - another downside. If you're able to work with customer service on selling your diamonds here, that's great, but there are definitely better options than The Diamond Valet.
Cash for Gold and Diamonds was established in 2002. In the "About Us" section of their website, they refer to themselves as Olympia Jewelry, Inc., which is either the parent company or the alternate name that Cash for Gold and Diamonds goes by. They specialize in broken jewelry and damaged diamonds, but they also buy silver, gold, and coins.
Website Is A Turn-off
For someone trying to understand the diamond selling process and on the fence about whether or not to trade in their jewels, Cash for Gold and Diamonds might send them walking the other way. The website is hard to read due to differing font sizes, an overload of text, and jargon that the average person might not be able to interpret. We imagine this site leaves many people overwhelmed at the idea of selling their diamonds.
4-step Sales Process
To send diamonds to Cash for Gold and Diamonds, customers are instructed to follow these four steps:
Cash for Gold and Diamonds assures customers they will pay the highest prices based off of daily New York market prices. Once they receive your merchandise, payments will be made within 24 hours. If you're not satisfied with the amount you receive, you can contact the company within 7 days, return the payment, and get your diamonds back free of charge.
Weak Customer "Promise"
Cash for Gold and Diamonds has a 150% guarantee, saying they pay 150% - 200% higher prices for your diamonds than most other gold and diamond buyers. This is more of a sales point, rather than a promise of any kind. They don't actually price match or guarantee that they will pay 150% - 200% more than what another company will offer you. When all is said and done, there is no guarantee on how much your offer will be from Cash for Gold and Diamonds.
Cash for Gold and Diamonds' Better Business Bureau rating can be found under the company, Olympia Jewelry, Inc. They have an "A+" rating from the Better Business Bureau, but no customer reviews. Our main concerns with the company boil down to the fact that there is no guarantee on diamond transactions, payments are automatic, taking away the ability for customers to decide if they want to sell their diamonds before Cash for Gold and Diamonds considers them "sold", and the jumbled, messy website full of unnecessary details. You're better off doing business with a higher-rated diamond buyer.
Sell Diamonds is located in... you guessed it! New York City. Their brick-and-mortar location is a few minutes from Rockefeller Center, but it makes the most sense to do business with them online for convenience. Unfortunately, their website is vague in its description of how their buying diamonds processes work, so we are hesitant to recommend working with them.
Buys Big And Small Diamonds
Sell Diamonds says they will buy your diamonds no matter how big or small they are (unless they have bad clarity). Your payment will be determined by their in-house gemologist who will rate your diamond by cut, clarity, color, and carat. If you accept the offer provided by Sell Diamonds, you will either receive a cash payment, check, or wire transfer.
Many Unanswered Questions
The glaring question we have with Sell Diamonds is how customers get from having their diamonds to sending them off to the company and receiving a quote. Do they provide free shipping? How much is your package insured for? How long does it take to receive an offer? What is the process for accepting or rejecting the offer? How do you get your diamonds back if you choose not to sell? These are critical questions that should be answered on Sell Diamonds's website, but aren't. When dealing with such valuable items, a company like this is doing a disservice to customers by being so vague.
Unhelpful Quote System
The website allows you to get a "free quote" on your diamonds, but this requires that you know all the details about your diamond like the clarity, type, color, weight, and upload the certificate. Most people won't know all of this information if they weren't the ones who originally purchased the diamonds.
Lacking Customer Feedback
Sell Diamonds does not have a rating from the Better Business Bureau. Even though their business was started in 1993, they don't have many customer testimonials online anywhere. The few customer reviews we found were all 5 stars and made around the same time, which sometimes is a red flag that there may have been an incentive at some point for customers to leave positive reviews. We hope most people are having a 5-star experience with Sell Diamonds, but we are disappointed by the lack of customer feedback.
Lacking Transparency = Lacking Our Business
When you're contemplating selling your diamonds, you want to work with a company who will be transparent and treat your items with care. Since Sell Diamonds does not have a clear process for dealing with your diamonds or paying you for them, it seems risky to give them your business. They haven't earned our trust since they are lacking in so much detail compared with their competitors, so to stay on the safe side we encourage you to sell your diamonds to a higher-rated diamond buyer.
When selling your diamonds online, you'll want to make sure you get the best deal and work with a reputable company. You might want the option of a "draft offer" to compare different companies and make sure you get the most for your diamonds. When you're dealing with precious items, you don't want to make rushed decisions or feel taken advantage of. Luckily, there are quite a few reputable diamond-buyer options online for you to compare before ultimately making your selection.
When choosing an online site to sell your diamonds, we recommend you keep the following criteria in mind:
To help you identify the best site to sell your diamonds, TopConsumerReviews.com has reviewed and ranked a variety of options. We hope this information helps you sell your diamonds quickly and for the best price!
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