How can I sell my raw diamond?

How can I sell my raw diamond?

You will most likely have to fill out an online form describing your gem to the company, and a representative will get back to you with a buying price. You can then decide if you wish to sell to that company, or to get quotes from other companies. A few companies that buy uncut diamonds are World Jeweler, Inc.

What happens if you find a diamond in your backyard in India?

When someone finds a diamond here, it’s not for keeps. Not right away. After the wild victory dance that the finder presumably does, it is deposited with the ‘district diamond officer’ in Panna, who auctions it. The state keeps 11.5\% of the proceeds; the rest goes to the finder.

Can diamond be sold in India?

“In India, diamonds are bought for adornment. However, people can consider investing in diamonds from a long-term perspective as demand is only likely to grow,” says Bacchraj Bamalwa, Director, All India Gems and Jewellery Trade Federation.

Are raw diamonds worth anything?

With few common inclusions, raw diamonds are more valuable than diamonds with several common flaws. A raw diamond which has a brownish or yellowish tint is stronger but less valuable. On the other side, diamond with less hue is far more valuable. Transparent and colorless diamonds are too rare to find.

Can I keep a diamond I found?

If you ever find a diamond ring, or any lost property, don’t assume that you can keep it. Always attempt to find the owner if possible, or turn the item in to the police. So, unless you’re at Crater of Diamonds State Park, you cannot keep a found diamond.

Is diamond a good investment in India?

Several factors make it a good investment option as compared to gold. Size: The first and the most obvious advantage it has over gold is its size. Unlike gold bullions, diamonds don’t take a lot of room. These precious gemstones were used as a great means of money transfer since a long time ago.

Is it legal to sell diamonds?

It is illegal to purchase or deal in any unpolished diamond unless you are: a licensed dealer or beneficiator; the holder of a permit to sell, export or import unpolished diamonds.

How do I sell a diamond?

Choose a company to sell your diamond to. Research this company to make sure that it is legitimate. You will most likely have to fill out an online form describing your gem to the company, and a representative will get back to you with a buying price. You can then decide if you wish to sell to that company, or to get quotes from other companies.

Is it legal to own a raw diamond in South Africa?

Uncut, unpolished diamonds are called “rough” rather than raw. But whatever you call them, with the one exception Dave mentions below, the answer is no. In South Africa — one of the biggest diamond producers — it’s illegal for ordinary citizens to be in possession of rough.

Do any companies buy uncut diamonds?

You can then decide if you wish to sell to that company, or to get quotes from other companies. A few companies that buy uncut diamonds are World Jeweler, Inc. and Large Diamond Buyers, USA.

How do I identify a raw diamond?

Using a flat, clean surface, it is possible to determine how quickly the heat is dispersed by the potential raw diamond. Often, people who want to know how to identify a raw diamond are glad to find out it is possible to do this just by looking at the stone.