Whether you’re selling your engagement ring or just looking to buy a glamorous piece of jewelry, diamond brokers are the way to go. In addition to ensuring that the diamonds are certified and legitimately for sale, they can also make recommendations, assist with deals and put you in touch with others in the industry.
So how can you find a good diamond broker? What should you be looking for in a company or individual? Here are just a few tips for finding the liaison between you and a sale.
1. Determine the Specifications of Your Diamond
Brokers can actually help you do this, but if you want to speed up the process, have your diamond already evaluated (preferably by a trusted Gem Lab such as the GIA) when you approach them. You’re looking to get the four “C”s nailed down: cut, color, carat and clarity. Once you know these specs, you’re ready to sell.
2. Compare and Contrast Brokers
Who’s in your area? Who charges the most? Who has the best reputation? These are all critical questions to ask before you sign on the dotted line. Don’t be afraid to email the brokers directly and open a line of communication with them. If they aren’t willing to answer your queries and explain their processes, they aren’t the company for you.
3. Consider Price
Diamond brokers usually take a commission out of your sale, but the amount of this commission will vary depending on the company. Be sure to sit down and talk with your broker about exactly how large of a percentage they’ll take. If they’re appraising your diamond or having the job outsourced or charging for shipping figure out how much that’s going to cost, Diamond Lighthouse provides the evaluation and shipping completely free.
4. Test Their Customer Service
Get in touch with the brokerage company and see if their customer service representatives’ make you feel valued and heard. Ask any questions you might have; discuss things like carats and market trends with them; get explanations about their system and how it works. You should feel completely comfortable with their level of attention before you agree to buy or sell diamonds with them.
If you’re serious about arranging a deal either as a seller or a buyer, it’s important to have a diamond broker as the middleman. They’ll help you get the best price and the best experience. Contact a company like Diamond Lighthouse to learn more.