Diamond dealers are present in nearly every urban area. They serve as distributors of loose diamonds to retail clients and other dealers. Historically, diamond dealers were limited to the wholesale side of the business, rarely venturing out into the public sector. More recently, as the diamond market has evolved, many dealers have started branching out into the resale market. This enables them to purchase diamonds from members of the public at a slight discount from the prices they would pay their standard suppliers. If you live in an urban area, there are probably a number of local dealers advertising their diamond buying services. Their expereince and postion within the industry makes them uniquely qualified to buy diamonds. However, not all dealers are equal, and finding the right one for your diamond can be instrumental in guranteeing the highest possible selling price.
Diamonds come in a variety of different shapes, sizes, colors and qualities. Because of this, most dealers specialize in a certain type of diamond, rather than trying to maintain a large stock of all sorts. For example, one dealer may specialize in fancy colored diamonds, while another specializes in marquise and pear shapes. Finding the right dealer for your specific diamond type is vital. If they don’t specialize in your diamond’s type, they will be forced to pay a reduced rate, enabling them to flip it to a different dealer who does. This is especially important if your diamond is of a large size, rare color or exceptional quality.
Due to their lower facet count, prominent inclusions can be relatively noticeable in step cut diamonds. This is especially true if the inclusion is black or centrally located. Any step cut diamond with a clarity grade below VS2 will have visible inclusions. Because of this, many people avoid step cut diamonds in the SI1 or lower clarity grades.
Within the jewelry industry, there are numerous credit and rating organizations. This enables you to verify a diamond dealer’s credentials. These include, but are not limited to, The Jewelers Board of Trade, The World Federation of Diamond Bourses and the Better Business Bureau. Make sure that any dealer with whom you meet has a long list of professional affiliations. Diamond dealers who have been buying diamonds from members of the public for an extended period of time should also have an online presence, allowing you to read through reviews and customer feedback.