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Diamond Appraisal & Resale

Selling your diamond pendant

SYJ By Appraisal Editorial Team
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Selling your diamond pendant
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So what is the difference between selling a diamond necklace and a diamond pendant?

A pendant is normally smaller and has fewer diamonds or focuses on one big diamond as a necklace is technically more rich in design and focuses on many many smaller diamonds. So the approach of selling a diamond pendant is slightly different than selling a diamond necklace.

When selling a diamond pendant you will often have a diamond certificate for the main diamond. If the certificate is from a reputable gemological lab it gives you strength as a seller since you know the quality and exact size of the diamond. necklaces, however, are often made of many many small diamonds and have only the store certificate or a lesser lab certificate which puts you at a disadvantage when selling. If you know nothing about the subject of diamond quality but are interested in it, check out our workshop option. 

The disadvantages of a necklace are additional as they often carry a very big labour cost, which a trader will not pay for when buying a diamond necklace unless they have already lined up a new buyer for it and can know for sure they don’t have to melt it.

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Sell Diamond Singapore
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Diamond pendants, on the other hand, often have relatively low labour costs due to their more modest nature. So you are more likely to recover more of your initial investment on purchasing the diamond pendant you are now selling.

Finally, to summarise this whole lot of information, we believe that the best way to sell a diamond necklace is to look for a place that gives various options ( as trade in and consignment), and to try and get at least 2 offers. Each buyer might have different calculations and needs and prices might vary.

Skipped on the content? If so, you missed the points that will help you answer your question: What is the best way to sell a diamond necklace?

  1. Is it a necklace or a pendant? 
  2. Does it have a certificate? 
  3. Are you open to trade in? 
  4. Is it suitable for consignment? 
  5. Do you have the time to sell it to another private customer?

Don’t worry we also skip sometime πŸ™‚ So we invite you to contact us for a free consultation by a diamond and jewellery expert.

Looking to sell your jewelry at the best price?

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Contact us for a free consultation and evaluation from an expert gemologist!

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SYJ
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GIA - Gemological Institute of America
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DES - Diamond Exchange of Singapore