Statistics reveal that the average prices of diamonds have multiplied over ten folds over the last 6 decades. This means that even your smallest piece of jewellery may likely be worth a few hundred. Best is, there exists a ready market where you can exchange your diamonds or gold jewellery for cash.

https://www.statista.com/statistics/279053/worldwide-sales-of-polished-diamonds/ 

Selling off your old broken jewellery or diamonds could be a great way to earn instant cash. If you are cash strapped, have loans to be paid or simply want to sell diamonds in Sydney to buy the latest designer piece, you can reach out to reputed gold and diamond dealers who buy diamonds in Sydney. However, understanding how these jewellery pieces are evaluated and how to know if you are being offered the true value for your diamonds can be overwhelming. So, we share some basics that determine the value of your diamonds:

Understand the Diamond Vitals: 

The valuation of diamond depends on 4C- Carat, Cut, Clarity and Colour.

  1. Carat: Higher the carat weight of your diamond, higher will be its value. 
  2. Cut: Cut gives sparkle to the diamond. A finely cut diamond is more valuable. 
  3. Clarity: Flawless diamond fetches more price than the one with blemishes. 
  4. Colour: A colourless diamond will fetch you more price. Fancy coloured diamonds such as blue and pink also fetch higher price. 

These parameters will decide the price you will get for your diamonds.

Diamond setting: Whether you have a loose diamond or it is embedded in the jewellery will also decide the diamond value. A dealer ready to buy diamonds in Sydney will pay you more for a loose diamond as compared to the same diamond set in a jewellery piece.

Condition and Design of the Jewellery:

The condition and design of the jewellery will have a great bearing on the price. For example, if you want to sell an engagement ring in Sydney that’s broken or if the gem of your ring is loosely set, you are likely to get a lesser price. On the other hand, an antique designed ring will fetch a higher price. Before you sell diamonds in Sydney, it is important you get it appraised, especially if you think you have a high value diamond. Even if your diamond or jewellery is not a big ticket item, you should check out its valuation from reputed dealers before selling.