If you are ready to sell your diamond jewellery, you might be asking yourself where is the best place to sell my jewellery in the UK? For first time sellers, finding the best place to sell your valuable diamond jewellery can feel daunting. With so many options available, what is the safest way to sell for the best prices? Keep reading to learn what to look for in a diamond jewellery buyer, all of your selling options and how to get the best offer for your diamond jewellery.

What to look for in a diamond jewellery buyer
How to choose a diamond jewellery buyer
Best place to sell diamond jewellery by appointment
Best place to sell diamond jewellery online

What To Look For In A Diamond Jewellery Buyer?

To ensure that you are working with a trustworthy jewellery buyer who will provide you with an honest and fair price for your diamond jewellery, here are the criteria that they should meet:

Expertise: A diamond jewellery buyer must employ diamond experts, ideally GIA trained gemmologists, who can best assess and price your jewellery based on the second-hand market. Pricing diamond jewellery is a complex process, requiring an experienced professional with the necessary market knowledge.
Reputation: You should only work with buyers that have an excellent reputation. Always do your research and look for credible positive reviews from previous customers. Be wary of buyers with only negative reviews or no reviews at all.
Convenient Process: A reputable diamond jewellery buyer should not have a complicated or confusing selling process. You should be able to sell your jewellery from the comfort of your home or at an in-person location.
Competitive Prices: When selling something as valuable as diamond jewellery, your buyer should have a network of connections in the industry allowing them to provide you with competitive offers.
Safety: You should always feel comfortable selling your diamond jewellery. If you mail in your items to a buyer, they should always be secure, trackable, insured and opened on camera.

How To Choose A Diamond Jewellery Buyer?

There are countless places where you can sell your diamond jewellery, all with their unique benefits and drawbacks. The most popular diamond buyers include:

eBay

PROS: Great for selling a wide array of items. Due to its user friendly interface, it is easy to search for items and put your items up for sale. You are able to set your own price for your jewellery and pick your buyer.

CONS: There is no guarantee when your item will sell, it could take weeks or months, if it does sell at all. If your jewellery is bought, eBay will take a percentage of your earnings. Not every buyer will feel comfortable buying from an unfamiliar seller with little to new reviews. You will also need to trust that the person you sell your diamond jewellery to is not a scammer. Ensure that you never share your banking information or any other personal details.

Pawnshops

PROS: A local, convenient and fast option. You can receive payment for your jewellery in cash.

CONS: They do not employ jewellery experts who can accurately assess the value of your diamond jewellery. This means that you will likely undersell as they may make conservative price offers.

Auction Houses

PROS: A traditional selling option for highly expensive valuables. Employs jewellery experts who can evaluate and price your items. You can meet with various auction houses to see where you can get the highest base offer.

CONS: Similarly to selling online, there is no guarantee that your diamond jewellery will sell if it does sell at all. Auction houses will take a percentage of your earnings if your jewellery is bought, this amount will vary per auction house. You will also need to wait for auctions to be held, frequency varies with each auction house. And finally, only extremely rare and expensive jewellery is suited for the auction house.

Hatton Garden

PROS: Offers a large number of jewellery buyers to select from. Some jewellers may pay you in cash.

CONS: A high pressure and stressful environment. Not all buyers in Hatton Garden are GIA trained gemmologists. There are also some unscrupulous dealers to be wary of.

myGemma

PROS: myGemma is an established and specialist online diamond jewellery buyer. We offer the fastest and safest way to sell your jewellery with the option of selling online. Our staff of GIA trained gemmologists, jewellery and luxury watch experts can evaluate your items and provide you with competitive prices based on the second-hand market. With offices in New York, our international presence and industry connections allow us to provide you with competitive offers for your diamond jewellery.

Our process is free of charge, with no hidden fees or commissions deducted from your offer, so the final price we give you is the exact amount you will receive. With hundreds of positive reviews from satisfied customers around the world, you can be sure that you are dealing with the leading diamond jewellery buyer.

CONS: Appointments only available in NYC.