Know what your diamond is worth – Advice on valuations


Consider this scenario: you have a modest collection of diamond jewellery at home and you have decided that you want to free up its value. This will provide you with a little extra financial help for whatever you happen to need at the moment.

However, how do you know what your diamonds are worth? How can you be sure that you will get enough in return to meet your requirements? Are you even sure that your jewellery is genuine as opposed to a very good imitation?


To avoid disappointment, the best thing to do is seek out a valuation. Once you have this under your belt, you can then make a more educated decision about what exactly to do next. To help you out, read our top tips on knowing what your diamonds are worth.

1. Know what you’ve got

To provide peace of mind that your diamonds are valuable, you require as accurate a picture as possible of their quality and authenticity. When regarded by the untrained eye, diamonds and even imitations can appear remarkably similar, which could result in you not getting a fair price should you choose to sell.

That’s why it’s important to find a qualified appraiser – to provide you with information about your stone’s condition and worth without bias. Ideally, your expert should be someone independent so they are not influenced by a desire to make money from your pieces. Don’t be afraid to get a second opinion either, as you can then compare your valuations to ensure you are getting reliable information.

2. Choose valuation experts you trust

It may be tempting to free up the value of your diamonds as quickly as possible, but you will get a better deal if you take your time. Rather than using the first service provider you come across, look for organisations that can put you in contact with accredited professionals such as those from gemmological associations. This will ensure you benefit from proper, ethical business practices and a fair, accurate valuation.

Experts will carefully examine the cut, clarity, carat weight and colour of your diamonds in order to arrive at a valuation and they should provide you with a detailed report regarding how they have arrived at their conclusions. You will be given a copy of this for future reference.

3. Be realistic

Your diamonds may have an immense sentimental value, but potential buyers and indeed valuers will be looking at them purely from a professional, unsentimental point of view, so they may come up with a smaller figure than you had in mind. In addition, don’t be influenced by what you originally paid – market prices change frequently and stores always implement mark-ups – or your insurance value, as this figure will be much higher.

4. Consider asset loans as a way of freeing up more value

Selling diamonds can be much harder than you might realise, as resale prices aren’t as standard as gold prices and it is easy to feel overwhelmed by the options. In addition, it can be dispiriting to know that sellers will pass your piece on again for a higher price, as well as that you will likely never see your jewellery again.

One way of getting around both of these issues is to consider asset-based, secured loans as an alternative to selling. This way, you can still benefit from freeing up the value of the gemstones without having to permanently part with them. In addition, once the loan taken out using them as collateral has been repaid and you have got your assets back, you can take out another in exactly the same way using the same piece of jewellery. In effect, this means the item is worth more than its real value.

All you need to do is find a reputable organisation that uses accredited professionals – as discussed above – wait for your valuation and then agree to the loan’s terms. You should find the money is in your bank account the same day – and you can then look forward to getting your diamonds back later, whatever their value.

To find out more about your options if you were considering selling diamonds, click here.