Diamond Exchange Houston is one of the top diamond buyers in Houston. One of our main services is to appraise and purchase jewelry from the public. Every day we have customers that visit our jewelry store with hopes to get the most cash for their diamond jewelry. In this post, we will discuss how much the small diamonds are worth and some ways to sell this type of your jewelry to get the most money.
When we buy an engagement ring or an article of jewelry we have to evaluate the value based on the size and quality of the diamonds and gemstones. Oftentimes the jewelry we buy was created with nothing but small diamonds. Hopefully, after you read this you will understand what they are worth :).
What Are Considered Small Diamonds?
At Diamond Exchange Houston we consider diamonds to be “small” when they are under .50 carats. The “sweet spot” when diamonds start gaining a decent value is when the diamond is over .5 carats. We consider diamonds under half a carat “small diamonds”. When customers come to us to sell an engagement ring or other piece of diamond jewelry the main thing that holds the most value is the main, big stone. How big is the diamond and what is the quality? When they are small, individually, they have very little value if you were to try to resell them.
When an engagement ring is made of nothing but small diamonds (under half a carat) then it will not have a strong resale value because there is not a main stone to base the value on.
Another term for small diamonds is “melee diamonds” which typically consist of diamonds under .2 carats. At Diamond Exchange Houston we do buy these types of diamonds all day long, however, because the diamonds are very small they do not have a strong resale value as they would if they were larger.
How To Sell Small Diamonds:
What a diamond is worth is what someone is willing to pay for it. If you have small diamonds and want to sell them to get maximum value then you have some leg work to do. You are going to need to physically take the diamonds to a jewelry buyers location and get them to evaluate the diamonds and make you an offer.
You need to research places in your area that purchase jewelry and take it to multiple places to get estimates. See who will pay you the most. Also, if you get a quote over the phone, that is not the same as if you physically took the diamonds in person. Oftentimes, if you receive an estimate over the phone the price will change once you let them see it in person. The best way to get estimates on selling your melee diamonds is to visit places in person so they can give you the actual buyout price. Diamond buyers cannot tell you a final price on how much the small diamonds are worth without seeing them in person.
Are Diamond Chips Worth Anything?
Yes, diamond chips do have value. Again, a diamond is worth what someone is willing to pay for it. If you are trying to get an estimate to see how much your diamond chips are worth then you will need to take them around to different businesses that buy diamonds and get them to make you an offer. 3 places in a row might tell you that they will not buy them and then the 4th place place will offer you cash. You can also read online about the value of the smaller diamonds and you will get 100’s of different answers.
What Factors Are Considered When Determining the price of small diamonds?
When somebody is trying to determine how much small diamonds are worth there are going to be a number of different factors to consider to determine a price including:
- The 4 C’s: Cut, Carat Weight, Color, And Clarity: How big and what are the quality of the small diamonds that you have? Jewelry appraisers will evaluate the size and the quality of your stones to come up with a price.
- The Quantity: How many small diamonds you have will determine the price. If you only have 1 really small diamond then that might be a tough sell.
How To Get The Most Money When Trying To Sell Small Diamonds:
The key to getting the most money when trying to sell any type of diamond jewelry is to shop your items around until you get a price that you can live with. Some offers you get may be insulting, but hang in there. Take your diamonds to multiple buyers and see if you can get a dollar amount that you will be happy with. If nothing else, you will get an education on what jewelry appraisers look at when determining the value of your pieces.
Hopefully this article has given you valuable insight about how much small diamonds are worth. When trying to liquidate small diamonds then you have to take it to several places to try to get maximum value. Diamond Exchange Houston is top diamond buyers in Houston, however, small diamonds are not our specialty and we do not claim to be aggressive when it comes to purchasing little diamonds. To get the most value when trying to sell them you need to take it to multiple place to see who will offer you the most.
Where should you go to try to sell small diamonds?