Yes, it certainly is safe to sell a diamond wedding or engagement ring online, and every day it becomes safer. For years eCcommerce has been a viable and valuable, and most important safe, service which merchants offer to their customers. Companies like ebay.com and amazon.com have been enabling consumers to both buy and sell online with confidence for well over a decade. In 1999 Blue Nile formed and soon popularized the sale of diamonds over the internet. Since that time consumers have grown more comfortable with purchasing a diamond online, and in addition, the security of the transaction online, and through the mail has been proven safe year after year.
Over the past decade plus there have been vast improvements in technology and security which have allowed online commerce to become even safer and more effective. From online banking to online dating, the convenience of being able to log on at any hour of the day from anywhere in the world greatly outweighs any risk. Especially when engaging in an activity like selling a diamond, which isn’t necessarily safe in person at a pawn shop or direct consumer to consumer meetings, and online alternative is especially valuable.
Furthermore, transacting business online allows companies like The Diamond Lining to keep expenses low, by avoiding traditional expenses such as rent and this savings is passed along to consumers. That being the case, it is important for consumers to make sure they deal with reputable businesses, both online and in the physical realm. A few ways to make sure the website you are dealing with is legitimate include:
• Calling the company and speaking to an employee.
• Finding a mailing address for the company.
• Reading customer reviews on third party sites like Yelp, Facebook, or Yahoo Local.
In order to assure that you are dealing with a reputable business, and that your transaction will be successful it is important for consumers to inform themselves and do their homework. The list above is a great start, but the most important indicator of safety is intuition. Do your research and make sure that you feel comfortable dealing with the company. At The Diamond Lining we take every opportunity to make sure that consumer understand our process, and are comfortable with our business. Make sure that anyone that you deal with take these same steps.
Furthermore there are some things that you should know about your diamond before you decide to sell it.
Know What you Have
We have all heard of the 4 C’s of diamonds, but let us tell you about the 5th C, and perhaps the most important one, the certification. Being able to provide a certification number for your diamond will help expedite the process and make sure that you receive as much money as possible for your ring. If you don’t have a certification for your ring, it might be a good idea to get one, especially if your diamond is over 1 carat in size. Usually the certification costs about $75 per carat, so it is well worth the money.
Set Your Expectations
You probably already know that you will receive less than the full retail value of your ring when you resell it. We tell all of our customers to expect 50% of the retail value. This allows them to prepare for the worst, and quite often we are able to pleasantly surprise them with offers that are much greater than 50%.
Understand the Benefits of Selling Online
The benefits of selling a diamond online are clear: eCommerce makes the transaction fast, and convenient. Furthermore, you have the ability to access a broader geographic market with your diamond than you can selling it locally. This can make a big difference int he price that you receive for a diamond ring, because depending on where you are in the country, or the word for that matter, the price for the same diamond ring can be vastly different. As an online buyer, The Diamond Lining can help you take advantage of geographic disparities, and ensure that you get as much money as possible for your diamond ring.
If you ready to sell your diamond ring then look no further than The Diamond Lining. Fill out our ring sellers form and well will make you an offer for your ring in 1 business day.