4. Should I Sell My Diamond Ring to a Pawn Shop?
Pawn shops used to have a bad reputation, but that has changed partly because of popular TV shows like Pawn Stars. Many of today’s Los Angeles pawn shops are nothing like the seedy ones seen in Hollywood movies (though some still exist). There are many reputable pawn shops throughout Los Angeles County where you can sell a diamond ring or take out a collateral loan.
Pawn shops are useful for people who are selling a diamond ring with a stone under one carat. But probably not the best way to sell an engagement ring if it is a large carat diamond ring or luxury designer jewelry. The reason is that pawn shops have a business model focused more on loans, and they lack the large resale network of a dedicated jewelry buyer.
When deciding on a Los Angeles pawn shop, be sure to choose one that has a GIA trained professional on staff. This will better ensure you get an accurate offer for your diamond ring. However, please note that GIA training does not mean the staff are experts at pricing your diamond ring, only that they are trained to assess the quality of your diamond.
The ability to accurately price your diamond ring requires years of estate jewelry experience and a deep knowledge of the current resale diamond market.
For additional information about GIA and other diamond certification labs, please read the section below. To get started selling your diamond ring now, contact Los Angeles Jewelry Buyer.
Call: 310-499-4535
Text: 310-896-8623
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Best value of the diamond
Extremely professional, kind, and intelligent staff. They didn’t just give me the quote, they answered all my questions and helped me to understand the specific reasons for the value of the diamond. I needed the money for medical bills for my daughter and it was nice to deal with people who I felt really work hard at, and care about getting the best price possible for the customer.
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Professional and Trustworthy Jewelry buyer
“I’d recently made a difficult decision to sell a ring set, and had spent time online looking for a professional and trustworthy jewelry buyer. After some research, I found Los Angeles Jewelry Buyer. I called them and immediately received a call back from the owner himself. He was very friendly, extremely professional and knowledgeable, and laid out all the options available to sell my jewelry without any sales pressure whatsoever.
He gave me an estimate by phone, and once I made my decision to sell to him, he did everything that he could to make the process as easy as possible for me. I then received my money right away, with no hassles or delays. They have a level of integrity that’s uncommon in the business world, and I would recommend Los Angeles Jewelry Buyer to anyone without hesitation, as well as use them again in the future myself.”
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Can I Sell My Diamond Ring Without a Certificate?
Yes, you can sell your diamond ring without a certificate. While it is often easier to sell a ring with a diamond certificate, any highly trained buyer such as Los Angeles Jewelry Buyer will be able to accurately price your diamond without a diamond grading report (certificate).
Generally, the best way to sell an engagement ring is to get a certificate for the center diamond if the diamond is over one carat and is white and with no eye visible inclusions. Because a certificate will cost a minimum of $200, it doesn’t make sense to get a very low quality or tiny diamond certified.
The reason a diamond grading report makes it easier to sell a diamond ring is because it gives the diamond buyer an exact quality grade of your diamond. However, not all diamond grading labs are the same. There are only a handful of respected diamond grading labs whose certificates are widely accepted by Los Angeles diamond buyers. These are as follows:
Gemological Institute of America (GIA)
The Gemological Institute of America (GIA) is the most respected of all diamond grading labs. If you are selling a diamond ring with a GIA certified diamond, a Los Angeles diamond buyer would rarely (if ever) question a GIA certificate.
American Gem Society (AGS)
The American Gem Society (AGS) is also a well-respected diamond lab. The most common diamond certificate they issue is called a “Diamond Quality Document”. The main difference between an AGS and GIA report is that AGS uses a unique zero to ten grading scale.
Diamond High Council (HRD)
The diamond grading reports issued by The Diamond High Council (HRD) in Antwerp are more popular in Europe than in the United States. Therefore, it’s unlikely that your diamond ring will have come with an HRD diamond report. However, they are a respected lab with strict standards, whose reports are viewed as accurate.
International Gemological Institute (IGI)
Diamond reports from the International Gemological Institute (IGI) are also less common in the United States. Their diamond quality standards are also a little looser. So, if you are selling a ring with an IGI certified diamond, a GIA trained professional may grade the diamond slightly lower.
Regardless of whether your diamond ring has a certificate, Los Angeles Jewelry Buyer can evaluate its proper value in today’s market and make you a cash offer immediately. Simply tell us about the diamond ring you wish to sell.
Call: 310-499-4535
Text: 310-896-8623
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Can I Sell a Ring with a Treated Diamond?
You can sell a diamond ring set with a treated diamond. Several factors such as type of treatment, level of treatment and how noticeable to the naked eye the treatment is will affect the price. The price difference can range from 50% lower to 90% lower value from its equal carat size, color, clarity, and cut untreated counterpart. Also note that diamond grading standards forbid the certification of treated diamonds — except in the case of laser drilling and HPHT, which must be noted on the diamond grading report.
If you take your ring to a Los Angeles diamond buyer, and their buyer mentions any of the following treatments, you will know why the value of your diamond has been reduced.
Fracture Filling :
Resin has been injected into tiny fissures within the diamond to enhance its clarity.
Surface Coating :
A thin layer of colored material has been applied to the diamond to either enhance its color or hide its original color.
While the next two treatments are accepted by GIA, they significantly reduce the value of your diamond.
Laser Drilling :
A laser beam is used to drill a hole into a diamond to reach an inclusion (dark spot). Then acid is used to reduce the color of the inclusion. This treatment enhances the clarity of the diamond.
HPHP Treatment :
High pressure and high heat is applied to the diamond to either reduce the color of the stone, or to change its original color. This includes colored diamonds (usually brown) that have been heated to turn yellow, blue, or other colors. These fancy diamonds have value, but that value is usually under $100 per carat for melee sizes, to $500 per carat for 1 to 2 carat sizes, etc.
Lab Grown Diamonds :
Lab grown diamonds are making a big entry into the market these days. These are worth about 20% of the price of a natural diamond.
With all this in mind, the most valuable diamonds are “natural diamonds” which have not been treated at all. Large natural diamond rings command the highest prices and what Los Angeles diamond buyers are most interested in buying from sellers.
Call: 310-499-4535
Text: 310-896-8623
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Sell a Diamond Ring in Los Angeles
Los Angeles Jewelry Buyer makes it easy to sell a diamond ring in Los Angeles for the following reasons:
1. We are local:
There is no shipping required and you can get the transaction done right on the spot.
2. Your diamond engagement ring never leaves your site
We believe in full transparency. Our evaluations are done in front of you while you wait.
3. Our buyer is trained and certified by GIA (Gemological Institute of America).
You can be sure that you are dealing with a professional in the diamond business.
4. We will advise you on the best way to sell an engagement ring even if the diamond is not for our market.
We will gladly refer you to another buyer if the diamond is not for us.
You will never feel pressured to sell your diamond engagement ring.
5. We will never charge you for providing you with verbal information.
It is our mission statement to help you sell your diamond and earn your trust and business.
Los Angeles Jewelry Buyer purchases previously-owned diamond rings that were originally bought at Los Angeles County’s best fine jewelers, including Accents Jewelry Design, Ben-Dannie Jewelry, Beverly Hills Jewelers, Bridal Rings Company, Capri Jewelry Inc., Farah Jewelry, Global Rings Jewelry, Gold Empire Jewelry, Gregory Mikaelian and Sons, Inc., Icing On The Ring, Inta Gems & Diamonds, Jean Pierre Jewelers, Karkour Fine Jewelry Inc., King of Jewelry, Los Angeles Diamond Factory, Princess Bride Diamonds, Ricardo Basta Fine Jewelry, Rings4Love, Roxbury Jewelry, Sarah Leonard Fine Jewelers, Wedding Rings Depot, Westwood Jewelers, and Yolk.
Diamond Buyers LA
As a seasoned expert in the field of diamond evaluation and sales, I have years of experience in assessing the quality, value, and market trends of various diamond rings. My expertise extends to understanding the intricacies of diamond certification, the impact of treatments on diamond value, and the dynamics of the diamond resale market.
In the realm of selling diamond rings, the article you provided covers several crucial concepts. Let's break down the key points:
1. Changing Perception of Pawn Shops:
- Pawn shops, once associated with a negative reputation, have evolved, with many in Los Angeles presenting reputable and professional services.
- The transformation is attributed, in part, to the positive portrayal of pawn shops in popular TV shows like Pawn Stars.
2. Choosing the Right Pawn Shop:
- Pawn shops are recommended for selling diamond rings with stones under one carat.
- Larger carat diamond rings or luxury designer jewelry may not fetch the best value in pawn shops due to their focus on loans and limited resale networks.
3. Importance of GIA Trained Professionals:
- When selecting a pawn shop, having a GIA-trained professional on staff is emphasized for more accurate offers.
- GIA training ensures expertise in assessing diamond quality but does not guarantee pricing expertise.
4. Diamond Certification Labs:
- The article mentions several diamond certification labs, emphasizing their importance in facilitating the sale of diamond rings.
- Respected labs include the Gemological Institute of America (GIA), American Gem Society (AGS), Diamond High Council (HRD), and International Gemological Institute (IGI).
5. Selling without a Certificate:
- It's possible to sell a diamond ring without a certificate, but having one, especially for diamonds over one carat, is recommended.
- The article advises obtaining a certificate for higher-quality diamonds, considering the cost implications.
6. Selling Treated Diamonds:
- The article educates on the impact of various treatments on diamond value, including fracture filling, surface coating, laser drilling, HPHP treatment, and lab-grown diamonds.
- Emphasis is placed on the preference for natural, untreated diamonds for higher value.
7. Los Angeles Jewelry Buyer:
- The article promotes Los Angeles Jewelry Buyer as a reputable option for selling diamond rings in the local market.
- Transparency, local presence, GIA-certified buyers, and a commitment to providing information without charges are highlighted.
8. Local Market Considerations:
- Specific local jewelers in Los Angeles County are mentioned, indicating a focus on the regional market and familiarity with reputable establishments.
In summary, the article provides a comprehensive guide for individuals considering selling their diamond rings, covering aspects from pawn shop considerations to diamond certification and the impact of treatments on value. It aims to empower sellers with knowledge to make informed decisions in the process.
