If you are looking for a place to sell diamonds in New York, then the iconic Diamond District is a wonderful place to start. However, if you want to get the best deal for your diamonds, you must first satisfy the professional buyers that your diamonds are in fact authentic and at the level of quality you describe. To that end, having the right paperwork for your diamonds is a must.In this blog, we at Manhattan Buyers will be lending our professional expertise and describing the essential documents that you should have in hand to walk into any buyer’s office with confidence and secure the best possible deal for your diamonds.
What documents do you need to show?
The primary purpose of presenting documents is to protect against theft and the financing of any criminal enterprise and make sure that the diamonds presented are in fact authentic and match the quality described. As such, the documents you will need to show include:
Identification documents
First and foremost, a professional buyer will need to confirm your identity before making you an offer. Therefore, make sure to bring either your driver’s license, state ID, or passport and present it to the buyer.
Diamond Grading Report
When you sell diamonds in NYC, professional buyers place a great deal of importance on the diamond grading report. Therefore, to know the quality of your diamond, set expectations, and get the best deal for what you have, invest in a diamond grading report from a reputable organization such as the Gemological Institute of America (GIA), American Gem Society Laboratories (AGS), or the International Gemological Institute (IGI).
Purchase Receipts
If you’ve purchased the diamond you now intend to sell, present the documents from the original purchase. This will allow the buyer to determine the original purchase price and also help protect against theft and the handling of stolen goods.
Appraisals
The best way to know if the buyer is offering you a fair and reasonable price for your diamond is to get it appraised beforehand. A proper appraisal will give you an appraisal of your diamond’s current value, which you can use to negotiate with the buyer for a better price.
Insurance Paperwork
When it comes to high-value assets such as diamonds and jewelry, it is always wise to safeguard them by having them insured. If you have insured your diamond, present these documents to the buyer. This will also help them establish the validity of your ownership of the diamond.
Conclusion
At Manhattan Buyers, we understand that selling your diamonds in New York is a big step, and the process raises questions about the paperwork. While you don’t need every document in this list to sell your diamonds, having these documents can help establish authenticity and get you a better deal for your diamonds.
If you’re ever in New York and are looking for trusted jewelry buyers that also deal in diamonds, gold, and luxury watches, visit us at Manhattan Buyers. You can find us at 5th Avenue in New York City and take up our offer on a clean and hassle-free way to sell your valuables.
