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Edited on Sun Aug-16-09 02:52 PM by pitohui
you WILL be ripped off and won't be able to recover your investment
however, to get the best price that you can expect as a private seller, i don't see an alternative to getting an honest appraisal (not an insurance appraisal which bears no resemblence to what price you can actually sell the stone for)
at the end of the day the jeweler or pawn shop guy or whoever buys the stone will make the profit but i have never found a way for an individual to (honestly) make a profit
what dishonest people do is get an insurance appraisal and then sell the stone to a soft-minded private individual who thinks they are getting a deal because they're paying less than the insurance appraisal (of course they'd pay less at the jewelry store too but if they don't know they're not getting a deal, hey, ignorance is bliss)
i used to sell stones, i guess you can tell i didn't work with diamonds tho!
good luck and just do your best, appraisal plus craigslist will work well as long as you aren't robbed (unfortunately once when i took this route i WAS robbed, sigh...so what do you do? a friend used to meet to sell his diamonds at the bank where he had the safety deposit box, on the presumption it would take more stones than most people had to rob him at the bank!!!!)
selling it for SOME price is better than keeping it in a box doing no good to anyone so don't take my words as discouraging you from selling
rather i would discourage you from expecting any ridiculous life changing amt of money because it just won't happen
manage your expectations and you should be OK
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