With all the talk about cash for gold and how precious metals are more valuable than ever, I wondered if the same was true for diamonds. I had some leftover jewelry that I wasn’t wearing anymore and didn’t feel like fixing, but I wanted to see if I could sell diamonds as easily as it seems people sell gold. It turns out I could, but I had to do a little more research to make sure I got the most money.

You see, when a jewelry store buys gold or other precious metals, eventually that metal will be melted down and reformed into something new. Diamonds can’t get melted down, meaning that the size and shape they are now is almost certainly what they will always stay. A few out of every hundred may get cut down to smaller pieces, but for the most part, any jewelry store that is going to buy diamonds will take them for the size they are. That is where the value fluctuation comes into play.

Gold Diamond Buying

Gold Diamond Buying

Certified loose diamonds get their values based on a certain number of criteria, but that also only goes as far as size. Meaning if I wanted to sell diamonds that were equal size and shape but had different scores for color, cut and clarity, they would be worth two different amounts. Since larger diamonds are rarer, the price climbs exponentially, and there is no hard and fast rule for what they are worth.

The bottom line is what one jeweler offers may not be the same as another. I had heard that the place to get maximum payoff for your diamonds was at Wyatt Austin Jewelers, but I wanted to be sure so I visited a few other places that offer to buy diamonds. Sure enough, the rumors I heard were right. They were by far the most generous when it came to what they offered, and they even had a program where if you took a store credit instead of the cash (which they offered on the spot), you could earn even more. And I knew I could trust them because you don’t stay in business for over one hundred years by taking advantage of your customers. If I have to sell diamonds in the future, I know exactly where to get maximum payout for my diamonds.

Visit the Wyatt Austin store at 1701 E. Woodfield Road #110, Schaumburg, Illinois for any certified loose diamonds and diamond jewelry requirement. For further details, call 847-985-4046.