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First, try to sell the diamond yourself, to people you know. Friends and family members may be interested. If you don’t have any luck with friends or family members, you should turn to outside sources. Absolutely avoid pawn shops! A pawn shop will only offer you about 10% of what the diamond is worth! Also avoid offers of selling the ring on consignment. There are many things that can go wrong, and there is no shortage of diamond scams – even in well known jewelry stores.
If the diamond is important, you should strongly consider auctioning it off through one of the famous auction houses, such as Christie’s or Sotheby’s. If it isn’t what is considered an ‘important’ diamond or a high-end diamond, you should try to sell it to an individual using classified ads, or even eBay. However, selling to an individual that you do not know could put you in danger – especially if the diamond is worth a lot of money.
Your final option should be a jewelry store. It is vital that you not let your diamond out of your sight while in the jewelry store – you might find that the diamond you walked in with is not the same diamond that you walk out with! The jeweler will try to tell you that your diamond is of poor quality or low weight. Inevitably, there will be some problem with the diamond. This is where your appraisal and/or certificate will come in handy.
If the jeweler is fair, they will offer you between 60% and 80% of the value of the Rapaport Value. Do not accept anything less than this. Again, do not let the diamond out of your sight until you have been paid for it.
See Also:
Diamond Grading Report (Certificate)
Orapa is the world’s largest diamond mine. It us located 240 Km west of Francistown. The mine is owned by “Debswana” which is a partnership between DeBeers and the government of Botswana. This mine operates 7 days a week. It maintains pre primary and primary schools for its employee’s children. There is also a 100 bed hospital and game park. This mine began production in 1971 and is the oldest mine owned by the Debswana Company.
The Premier mine located in Cullinan, South Africa produced the largest gem diamond ever in 1905. The Cullinan Diamond weighed 3,106.75 carats. This mine also produced the Golden Jubilee diamond which weighed 545.67 carats. This mine is owned by the De Beers Company and was renamed The Cullinan Diamond Mine in 2003 in celebration of its centennial. |
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How Diamonds Are Mined
We seldom think about how the diamonds we wear came to us. Natural diamonds, as opposed to synthetic diamonds or fake diamonds, are mined from the earth. There are currently two methods of mining diamonds: Pipe Mining and Alluvial Mining.
When pipe mining is used, the diamonds are extracted from the earth through volcanic pipes. These are not man-made pipes. These are natural pipes in the ground. Shanks are put into the ground next to the pipes, and tunnels are driven into the deepest parts of the pipe.
The diamonds are not sorted out at the mine. Instead, huge rocks that are full of diamonds are brought out of the mine and moved to a screening plant for separation.
The Alluvial mining method is done in riverbeds and on beaches. Walls are built to hold back the water and the sand on the bank or beach is moved with a bulldozer until the level of earth that diamonds can be found in is reached. Again, the diamonds are not sorted here. Instead, the sand that contains the diamonds is bulldozed into trucks, and taken to screening plants.
Related Topics: diamond brands and what they mean,
how to care for your diamond, how to clean your diamonds
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