Best Ways to Sell Your Diamonds

With various online companies and selling methods available today in the UK, selling diamonds has never been easier. Nevertheless, not all selling methods are fast, reliable nor will every method ensure you are given the highest possible price for your pre-owned diamonds.

Read this quick guide to find out the best way to sell your diamonds in the UK today.

Sell your diamonds for cash, either in-person or online to us today for free. Exchange diamonds for cash with us. Our selling process is secure, fast and truly easy no matter where you are in the UK. Get the price you deserve with YL Diamonds.

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Where Can I Sell Diamonds Near Me?

There are several diamond selling options available in the UK. You can sell your diamonds to:

Local jewellers
Expert diamond buyers like YL Diamonds
Pawnshops
Auctioneers
High-street jewellery shops
Online buyers (through online platforms e.g. eBay)

However, not all of the above selling methods will guarantee your diamonds will be given the right value or price. The first step to selling your diamonds is to first understand how much you think it is worth. This way, you’ll be in a better position to negotiate or spot any buyers who may be cutting the price for their own benefit.

What Are the Best Ways to Sell Your Diamonds?

So, by now you should hopefully have a better idea about where you can sell your diamonds and what information you need to know beforehand. However, not all selling options are the best if you want to receive a fast, secure and good price for your diamond jewellery pieces.

Below, we’ve compiled a short list of where you can sell your diamonds and what the pros and cons are to each. This way, you should get a better idea of which way is best for you to sell your diamonds.

Pawnshops

The Pros:

Local
Speedy selling process
Get instant cash

The Cons:

Lower price given
Not trained gemologists

Auctions

The Pros:

Diamond experts who can value your diamond properly

The Cons:

Not widely available in the UK
Selling process can take several months
Auction houses take a cut of the price given

Online Platforms

The Pros:

Negotiate the price yourself
Sell from the comfort of your home
Sell to anywhere in the UK or elsewhere

The Cons:

You may not get the best price due to not being an expert in diamonds
Some platforms take a cut in the sale
Buyers may not be reliable
You have to find a buyer and takes time

Expert Buyers

The Pros:

The highest possible price will be given
Trained and experienced diamond buyers
Secure and fast payment methods
Sell to them online or in-person

The Cons:

In-person appointments may be too far for you
Not all expert diamond buyers provide online selling methods

Generally, expert diamond buyers in the UK are the best place to sell your preloved diamond pieces, whether it be a diamond engagement ring, bracelet or even watch. This way, you’ll be guaranteed the highest possible price for your pre-owned diamond items. What’s more, many today now offer in-person and online selling methods to provide flexibility for customers.

How to Determine the Value of Your Diamond

Before you send your diamond to a potential buyer or visit a shop in-person, you can first better understand your diamond and what it is roughly worth. In the diamond industry, buyers will usually determine the value of a diamond through what is called the ‘4 Cs’. The 4 Cs are a set of criteria which can help give a better picture of the quality of a diamond.

1. Carat

The weight of the diamond itself.

2. Colour

The whiter a diamond, typically the higher in value. Colours of diamonds are graded D to Z, with D as colourless and Z as a light yellow.

3. Clarity

How many blemishes the diamond may have.

4. Cut

How the diamond is cut and its proportions.

Using the above criteria can help individuals have a better idea of how much their diamond they’re wanting to sell is worth. However, it is also best to understand the diamond you’re wanting to sell generally too. Where it is from, when it was bought as well as what condition it is in will also determine how much you can sell it for.

    
 
 
        
   Jade H 
 2022-08-05
 
 
  I got a really good price for my diamond ring. Joseph was extremely helpful in giving me the best deal I could get in comparison to other buyers in Hatton gardens. I highly recommend!
  
 
       
   Joshua Blakey 
 2022-07-27
 
 
  Outstanding in every way. Joseph is honest/straightforward/knowledgeable/helpful and significantly better priced than competition. Buying a diamond was an absolute pleasure. Thank you!
  
 
       
   Welshy Girl 
 2022-07-21
 
 
  A fantastic experience at YL Diamonds. From initial communication to agreeing a price, Joseph was very amenable and patient. He took the time to speak to me and my partner about how prices were reached and why. This was done in a very unhurried way. He offered a higher price than competitors and there was no pressure. He was also happy to offer advice on some other items I decided not to sell in terms of how to get the best price.  I would highly recommend YL Diamonds to anyone looking to sell their jewellery. Thank you so much for such an open and easy transaction.
  
 
       
   Lisa Barr 
 2022-07-13
 
 
  Joseph was great, he put me at ease, taught me an awful lot about diamonds and gave me a very fair price, if you’ve got diamonds to sell I really would recommend that you get in touch with him. Thank you Joseph
  
 
       
   Dan Burridge 
 2022-06-22
 
 
  Joseph was great to deal with and gave the best price on the street, a gentleman, and pleasure to deal with. Highly recommend
  
 
       
   Lettitia Hawken 
 2022-06-02
 
 
  I was very happy with the service YL Diamonds provided when I wanted to sell some pieces. They were thorough in their approach to valuing the diamonds and offering a fair and reasonable price. I would recommend to others in a heartbeat.
  
 
       
   Elizabeth Newberry 
 2022-05-18
 
 
  Brilliant service. Would highly recommend. Very honest and informative. Easy communication throughout and also very accommodating.
  
 
       
   Amy Ratcliffe 
 2022-04-19
 
 
  Polite, quick and efficient to deal with. Very glad I stumbled across them :) thank you!
  
 
       
   Louise Winter 
 2022-04-14
 
 
  The reviews are true. Excellent service. Couldn’t fault. Thank you Joseph.
  
 
       
   Shivam Lakhani 
 2022-03-07
 
 
  Joseph was honest, straightforward and provided me the best value and service. Would definitely recommend and use again.
  
 
  
  
 
 
   Google rating score: 5.0 of 5, based on 69 reviews