4 Tricks to Get the Best Price When Pawning Your Diamond

Diamond PawningWhen selling your jewelry, one of the options that come to mind is to go to a pawnbroker. Visiting a pawnbroker has its ups and downs.  Pawnshops offer nothing close to the original price of the piece. However, a pawnbroker will give you quick cash, and if you are in a tight fix, they may be the most reasonable option you have. Knowing how to get the best deal at a pawn shop is an important skill.

Here are four tricks on how you can wrestle the best price out of any pawnbroker: 

Make sure the diamond is in the best condition possible

Preparing your diamond by restoring it is a sure way to get you a better price at a diamonds pawn shop. Cleaning the piece need not be a tedious or expensive process; sometimes, some warm water, soap, and a toothbrush are all you need. However, if the diamond needs major restoration or you are not sure how to clean it without causing more damage, consult a professional to do it for you.

Have the diamond appraised

Visit two or three qualified appraisers to have a look at the rock and tell you the piece’s market value. An appraiser will know how much the piece is likely to fetch in different markets. Once you know the estimated value of your diamond, you have a ballpark price when negotiating with a pawnbroker.

Shop around for the best price

Different pawnshops will pay different prices for the same jewelry. Do not hesitate to visit a couple of them and try to get the best deal for your piece.

Negotiate for the best price

Once you have settled for a particular pawnbroker, try to negotiate the best offer. Haggling is expected at pawnshops, so try and use your best negotiating skills to get the best price for your diamond.

Selling your diamond to a pawnshop may not always get you the best price, but at least you can get quick money when you need it urgently. Knowing how to get the best deal need not be a daunting task. With the tips above, you can get a decent price for your rock.

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