There are a number of reasons that you might be looking to sell a diamond. Maybe you are running low on cash and need to cover some important expenses. It could be that you simply have no need for it any more or that you want to make an investment in another area. Whatever the reason, when you sell your diamond, you want to get the most money possible. If you are like the average individual that doesn’t know anything about diamonds or how their value is determined, you will need to make the choice carefully about who you trust to give you a fair price for your diamond.

Although diamonds have been “in style” for many years, the types of diamonds and styles of jewelry they are used in frequently change. During 2011, the trends for diamond engagement rings have gone in a completely different direction than other types of diamond rings. Diamond engagement rings have a new focus on simplicity with sleek settings while those used for fashion are curvy with intricate detailing. The more detailing there is, the more desirable they are!

High settings are also topping the list for diamond rings that literally stand out. In addition to giving jewelry a more elegant appearance, these higher-than-usual settings also provide more room for the designer to add detailing that makes each piece a one-of-a-kind design. The extra space provided by the settings are being used as a canvas for etching, embossing, or scroll work that adds an even more artistic look to the entire ring.

For most individuals, purchasing a diamond is an investment. For some, it is a financial investment that they hope to profit from in the future, for others it is a symbol of a union that they hope will carry on for generations. No matter which type of investment you are making, your first priority should be finding the right dealer, a dealer you can trust. Before you start considering the shape, size, cut, color or clarity of a diamond, you should consider the qualifications of the seller.

No matter how much you think you know about diamonds, there are always businesses out there who will sell you a diamond that is lower quality than they claim. It may seem their entire purpose for being in business is to give you less and charge you more. For those who know very little about gemstones, choosing a diamond is even riskier. Choosing a Better Business Bureau (BBB) accredited business like North American Diamond Brokers is one way you can feel more confident about the purchase you make.

During today’s tough economic times, many people are looking to raise cash by selling valuable items that they no longer want or need. Diamonds have the potential to bring in cash fast if you know where to go, to find a buyer that is the best match for your diamond. North American Diamond Brokers (NADB) offers clients a better way to sell their loose diamonds by choosing to get their money fast or taking a little longer and getting the highest price.

NADB has buyers who are looking for diamonds that are more than one carat in size. If you want to get cash fast, they can connect you with a buyer who will make you a preliminary offer the same day. You just go online and fill out the Sell Your Diamond Form, and they will go to work right away to find a buyer that is interested in your diamond. Once you speak with one of the NADB consultants who can verify the details of your diamond, you will get a firm offer on your diamond. If you agree to sell, this usually results in payment for your diamond on the same day that you have your consultation!

If it is more important to you to get the best price for your diamond and you aren’t in a hurry to make the sale, making it available worldwide will ensure you get the highest price. NADB uses Rapnet, the world’s largest diamond network, to get the information on your diamond in front of thousands of dealers. When you choose this option, you can realize as much as 25 to 50 percent more profit for your diamond.

I am often asked, since you are a diamond broker does that mean you sell wholesale? The easy answer would be to say yes, but that would be inaccurate. Instead I let my clients know, that wholesale pricing is reserved for dealers who purchase diamonds that will be resold in the near future. Since my clients are not reselling in the near future then technically we are still selling at a retail level but it is the lowest level today. With that said, I would like to say that in every major city there are many different locations where you can purchase a diamond with the exact same criteria and pay a completely different price. These differences in prices are referred to as retail market levels.

There is a good reason for each and every market level and it is based on the benefits one receives when one chooses to purchase at a particular level. If we start our list at the highest or most expensive market level we will quickly find ourselves at one of the major malls in the area. Within these malls there are probably three or four market levels or retail price levels for our diamond.

When you’re in the market for a loose diamond, it may seem overwhelming at first, as there are many considerations to take. It is important to evaluate and compare diamonds by obtaining a GIA Diamond Grading Report, as well as have the loose diamond appraised and insured. Protecting your investment is especially important when it comes to diamonds, as they are often associated with aspects of our lives that carry deep meaning.

Because diamonds are so valuable, you will want to obtain a diamond grading report for your loose diamond. The Gemological Institute of America, GIA developed the 4Cs and the GIA International Diamond Grading System to objectively compare and evaluate diamonds. The GIA Diamond Grading Report includes an assessment of a diamond’s 4C’s – color, clarity, cut, and carat weight – along with a plotted diagram of its clarity characteristics and a graphic representation of the diamond’s proportions.