If you’re thinking about selling your diamonds or diamond jewelry for cash, you have several quality options. We researched the top diamond buyers and made here recommendations based on:
- Online reviews from customers
- Better Business Bureau ratings
- Reports from reputable publications
- Age of the company
- Ease of use of their websites
- Transparency into their process
- Overall sentiment that these are quality businesses that care about their customers
But what you really want to know is likely:
Where is the best place to sell my diamonds? Answer: Diamonds USA
There are a lot of good options, but we rank Diamonds USA as the best diamond buyer because:
- Payouts within 24 hours
- A+ BBB rating
- Price match guarantee
- Free return guarantee
- Accepts all diamond sizes and qualities (plus gold, silver, gemstones)
- Choice of mailer: FedEx or USPS
We like this family-owned company for many reasons, including that they give a 10% bonus when you send in your shipment within a week. Diamonds USA also buys all sizes of diamonds, including small stones. More later on why we think DiamondsUSA is the best diamond buyer.
If you are committed to quick cash, a local, trusted pawnbroker can be a good place to sell your diamond, though you should not expect to get a very high price. If you have a branded piece of jewelry from Tiffany, Bulgari, Cartier or another luxury house, Abe Mor is a quality diamond buyer.
If you still have questions about diamond buyers or selling diamonds, continue reading:
- Who buys diamonds? Diamond buyers “near me” vs. online
- Reviews of other diamond buyers
- FAQs about diamond buyers
Who buys diamonds? 7 diamond buyers “near me” and online:
If you are interested in selling your diamond jewelry or a loose diamond, you could sell to any number of diamond buyers.
Determining which diamond buyers to avoid and which ones to trust is daunting.
Listed below in alphabetical order are some quality reputable diamond buyers that make it easy and safe to get the most cash for your loose diamond or diamond jewelry.
Ultimately, what you choose could be based on:
- How quickly you need the cash
- Reputation of the business you’re thinking of selling to
- Other personal reasons noted here
You may have a pawnbroker or jeweler you trust and prefer to do business in your community. A jeweler may give you credit towards another, larger diamond or other piece of jewelry. These local businesses pay immediately in cash, which may be important to you.You should always research on diamond buyers before you sell because there are quality and sleazy diamond buyers locally, as well as online.
You should always research on diamond buyers before you sell.
That’s my advice, but ultimately how fast you need the cash might influence your decision. Here are all your options:
1. Search for “diamond buyers near me”
To find a good local diamond buyer, for at least a quote, try:
- Word-of-mouth — who do your friends trust?
- Google reviews
- Better Business Bureau reviews
- Ask for input on Nextdoor
Brick-and-mortar pawn shops and jewelers tend to have greater overhead costs, which means they typically can't afford to pay you as much as top online diamond buyers. Likewise, local buyers face less competition than online buyers, and therefore have less incentive to offer the highest prices.
2. Pawn shops
While they can have a sleazy reputation, there are plenty of reputable pawnbrokers in many communities — and while they typically pay 25% to 60% of the retail value of your item, they always pay immediately, in cash, which may be important to you. You may prefer to do business locally in your community. Plus, pawnbrokers allow you to buy back your item within 30 days. You can learn here what pawn shops buy and how pawn shops work.
3. Jewelry stores
Jewelry stores often buy scrap gold, diamonds, as well as vintage or estate jewelry, coins and flatware — whether for cash or store credit.
4. Antique, auction, estate and consignment sales
Antique stores and consignment stores often deal in estate jewelry and old coins, and can help you get a fair price if you know what you have and work with a quality auction house — whether near you or online, like Worthy.
5. Online marketplaces
Marketplaces are where you find buyers — they don't directly buy your diamond.
You can always try to sell your diamond on a site like Ebay or etsy, which is tough if you are not a professional seller with experience. However, the following jewelry marketplaces help you price and sell at auction your pre-owned diamond and other jewelry (in alphabetical order):
Online marketplaces: Worthy.com
Worthy favors items that already have GIA certifications, but if they believe it will sell on their auction platform, will pay for overnight shipping insured up to $100,000 to their New York City offices and have it professionally photographed and posted on their platform. You, the seller, controls the minimum price and other terms of the sale.
- Better Business Bureau B+ rating
- 4.6/5 stars on Trustpilot out of 3,500+ reviews
The process takes around two weeks.
Online jewelry marketplace: I Do Now I Don’t
I Do Now I Don’t is a marketplace that allows you to sell your jewelry directly to the public — it is not a loose diamond buyer or a diamond ring buyer.
The company offers two options for sellers:
- Accept their offer and sell your diamond directly to I Do Now I Don’t, or,
- List your diamond on their online marketplace, where you can sell directly to a retail buyer — much like eBay.
While I Do Now I Don’t specializes in diamond jewelry and loose diamonds, they occasionally accept jewelry without diamonds.
More in our I Do Now I Don't review.
Online jewelry marketplace: TwiceLoved
While I Do Now I Don’t and Worthy both post and manage your diamond auction for you, TwiceLoved is more like ebay or Etsy in which you, the seller, directly post, price and sell your ring to buyers.
Once your diamond jewelry sells, you send your item to TwiceLoved for an inspection before it's sent to the buyer. You have the option of paying to insure your item during transit.
Payments are issued 8 days after being delivered to the buyer, which is past TwiceLoved's return window, by either check or bank wire.
TwiceLove's parent company Windsor Fine Jewelers, LLC, has an A+ BBB rating (accredited since 2016).
Gold and silver recyclers are in the business of taking your scrap metal or old jewelry and turning it into cash. Expect similar prices to a pawnbroker.
7. Online diamond buyers
Online diamond buyers are an increasingly popular choice. Online diamond buyers advantages, as mentioned above, include:
- Online businesses tend to have lower overhead, so can pass along savings to the seller.
- Higher volume business means, potentially, lower fees, and more reviews for you to consider.
- You don't have to leave the house, as top buyers will send a FedEx or other insured mailer right to your home. Private, no one in town needs to know you are selling your valuables.
Online diamond buyers tend to have many more online reviews (good and bad) that can help you decide where to do business. Further, some people really prefer the privacy of selling their diamond or other jewelry online.
We checked out several of the options out there. Here’s what we found in our reviews:
Reviews of online diamond buyers in 2023
We checked out several of the options for selling your diamond directly. Here’s what we found, listed alphabetically:
Diamond buyer: Abe Mor
Located in New York City, but doing business everywhere through the company’s website, Abe Mor is a popular and well-known diamond buyer.
The company has an A+ rating with the Better Business Bureau, and their record has zero customer complaints lodged against it. If you choose to sell your diamond through them, you can rest assured that they are a reputable company.
Like myGemma, formerly WP Diamonds, another diamond buyer leader, detailed below, the company specializes in diamond jewelry and luxury resale. In addition to loose diamonds, the company will purchase any branded jewelry or jewelry that contains a diamond of at least 0.5 carats in size.
If your jewelry has smaller stones, or does not contain a diamond, though, then Abe Mor will not purchase it. In those cases, our suggestion is to sell with Diamonds USA.
Pros of Abe Mor
- A+ BBB Rating and 0 customer complaints
- Items are insured by FedEx and Brinks for up to $25,000, with additional insurance available if necessary
- Diamond grading reports are not required, though accepted
- Clean, modern, and easy-to-use website
- Relatively quick 2 to 4 day payment upon acceptance of an offer — which can take an additional several days
Cons of Abe Mor
- Like other diamond buyers on this list, their final offer to you is based on a single evaluation (as opposed to an auction of multiple buyers)
- Evaluations are conducted by in-house Abe Mor staff, not third-party lab reports
- Only accepts diamonds at least 0.3 carats in size
- Time from shipment to payment is longer than other sites that promise 24-hour payment.
The takeaway is that Abe Mor is a reputable diamond buyer with more than 50 years of experience in the industry. Read our full Abe Mor review.
Comparison shopping? Get an estimate from Abe Mor now >>
Diamond buyer: Circa (merged with Mondiamo)
Mondiamo was a relative newcomer to the diamond buyback market which partnered with BlueNile, a retail leader in the online diamond engagement ring world.
In early 2020, Mondiamo merged with a competing company, Circa. Circa has maintained Mondiamo’s relationship with BlueNile and has an A+ rating with the BBB.
Circa accepts high-end branded jewelry, as well as diamonds of at least .4 carats, and diamond engagement rings. They will also purchase historical or estate jewelry including pieces such as: Antique, Edwardian, Georgian, Art Nouveau, Belle Epoque, Art Deco, Retro, Modern.
Circa has 14 physical locations (11 in the U.S. and 3 international), if you prefer you can schedule an appointment for an in-person evaluation of your jewelry. Whether in-person or online, if you accept the offer on your loose diamond or diamond ring, you will be paid immediately
If you provide a grading report from the GIA, EGL, IGI, AGS, GSI, GCAL, IIDGR, or HRD, Circa provides a guaranteed offer range. Once you mail in your jewelry, Circa is able to guarantee a final offer that falls within this range.
The company claims that more than 90% of its customers receive a final offer price higher than the midpoint of the guaranteed range (which includes shipping and insurance). Mondiamo’s 15% fee is already calculated into the range.
- Work in partnership with diamond retailer BlueNile, and promise to offer a high fee by cutting out the middleman
- Better Business Bureau rating of A+.
- Website's videos and posts create transparency.
- Fully insured FedEx delivery — both from you to Circa, as well as returns, when relevant.
- They only deal in jewelry with a diamond of at least .4 carats.
- If you do not have a lab report, you must send in your item for evaluation and grading before an offer is made.
- That offer is good for just 7 days, after which you have to start the whole process over again.
In short, Circa is a solid company that brings the BlueNile experience full circle, promising to offer jewelry sellers high prices by removing the middleman.
Diamond buyer: Diamond Banc
Diamond Banc offers two separate services — direct purchases of diamond and other fine jewelry, and short-term loans that use your jewelry as collateral. In this way, Diamond Banc is like an online pawnshop—but only for diamonds.
Diamond Banc, which was founded in 2007 by third-generation jeweler Mills Menser, is accredited by the Better Business Bureau with an A+ rating and has 4.7/5 stars on Trustpilot.
If you want to sell your jewelry directly to Diamond Banc:
- Fill out this submission form online to get a free initial estimate, providing item details and photos of your diamond jewelry.
- After you review this offer, Diamond Banc will provide you with a prepaid shipping label to send in your item for a full evaluation. All shipments are insured up to $100,000 by Jewelers Mutual and Parcel Pro.
- Diamond Banc will evaluate your item and contact you with an official offer.
- If you accept the offer, Diamond Banc offers immediate payouts via check or wire transfer. If you don’t accept the offer, your items will be returned to you via insured shipping.
You can also sell at one of Diamond Banc’s storefront locations in:
- Boca Raton
- Kansas City
If you are hoping to secure a short-term loan through Diamond Banc:
- Use this online submission form to describe your item.
- Upload a photo.
- Select your desired loan amount.
Diamond Banc offers 30-day loans that can be extended for as many 30-day periods as you need. Loans can be paid off in full at any time without penalty. Money is typically deposited in your account within two days.
Minimum monthly loan payments depend on the approved loan amount, as well as fees associated with security, storage, and insurance for your diamond jewelry, with interest rates starting at 2.5%. Assets are stored in alarm-protected, 24-hour security-monitored, fireproof vaults and are fully insured while in custody.
Most Diamond Banc loans are worth 65-75% of what your diamond jewelry would sell for in the current market. You can use the following items as loan collateral:
- Gold, diamond, and other fine jewelry, including engagement rings
- Loose diamonds
- Luxury watches (including Rolex)
- Designer handbags
- Gold and silver bullion and coins
Diamond Banc pros
- A+ BBB-rated company with hundreds of 5-star reviews on Trustpilot
- Does not conduct credit checks or employment verification on loans under $30,000
- Shipments are insured up to $100,000 by Jewelers Mutual and Parcel Pro
Diamond Banc cons
- Diamond Blanc only accepts high-value fine jewelry, including designer pieces from Tiffany & Co., Cartier, David Yurman, Graff, Harry Winston.
- Could cost you a lot if you don't repay the loan within the time frame agreed.
Check out our full Diamond Banc review.
Diamond buyer: DiamondBuyers.com
Headquartered in Houston, Diamond Buyers is a local and online business that purchases diamonds and diamond jewelry. Though online customer reviews for DiamondBuyers.com are virtually nonexistent, its parent company, Shaftel Diamonds, has an A+ rating from the Better Business Bureau (accredited since 2001) and has been in business since 1978. Shaftel Diamonds has 4.6 out of 5 stars on Trustpilot.
Diamond Buyers purchases diamonds and diamond jewelry over 0.7 carats, though they specify they are mostly interested in fine diamonds weighing 2 carats or more. They accept the following items:
- Diamond engagement rings
- Diamond wedding rings
- Loose diamonds
- Certified diamonds
- Diamond necklaces
- Diamond earrings
- Diamond bracelets
- Non-certified diamonds
These are some of the luxury brands they purchase:
- Tiffany & Co.
- David Yurman
- Harry Winston
You can get a free estimate on your diamonds from Diamond Buyers by filling out an online form, or you can visit their storefront location in Houston to get a cash offer from one of their GIA-trained gemologists.
- Parent company Shaftel Diamonds has more than 40 years of experience buying and selling diamonds, and has an A+ BBB rating
- Easy to get a no-obligation, free estimate
- Offers a video check-in, where you can watch Diamond Buyers’ appraisers open your package and evaluate your diamond jewelry from home
- Diamonds fully insured en route, while in possession, and upon return (if you don’t accept their offer)
- Virtually no reviews online for DiamondBuyers.com (just for its parent company)
- Does not accept diamonds less than 0.7 carats
Diamond buyer: Gemesti
Founded in 2003, Gemesti is owned by third-generation diamond dealers and jewelers who touts their three-step process for buying diamonds and diamond jewelry:
- After filling out Gemesti’s online form with information about your diamond, you’ll get a same-day call back with an initial offer based on its estimated market value.
- If you want to move forward, Gemesti will mail you a FedEx shipping label so you can send in your items for a professional appraisal. Secure overnight shipping is free, and your package is insured.
- When your diamonds arrive at Gemesti’s lab, they film your package opening and appraisal by a professional gemologist. You’ll be contacted immediately with a formal offer, which you can accept or deny. If you accept, your payment will be processed within hours.
- Engagement rings
- Loose diamonds
- Diamond jewelry
- Designer and branded jewelry
Gemesti has an A- rating from the Better Business Bureau and has been accredited since 2021.
- Insured up to $100,000 by Lloyds of London in transit
- Receipt and opening of your package and appraisal are filmed
- Gemologists must pass a strict background check
- Payments can be made in as little as 48 hours from the time you submit Gemesti’s online form if you mail in your item as soon as you receive your shipping label
- Evaluations are conducted by in-house Gemesti staff, not third-party lab reports such as the GIA
Diamond buyer: Meridian Diamonds
Meridian Diamonds offers in-person and mail-in appraisals and valuations on diamonds, fine colored gemstones, engagement rings, watches, and fine jewelry. They prefer diamonds larger than 1 carat and gemstones such as sapphires, rubies, and emeralds.
Meridian Diamonds has an A+ rating from the Better Business Bureau (not accredited).
To receive a valuation on your diamonds or diamond jewelry, you can text, email, or call Meridian Diamonds, or fill out the form on their website. You can choose to mail in your diamonds with insured shipping or schedule an in-person appointment at one of Meridian’s three locations:
- New York City
Meridian says a typical engagement ring evaluation takes about 30 minutes. They also offer appraisals for:
- Insurance replacement
- Estate appraisals
- Customs reports
- Donation reports
- Damage reports
- Gem identification
- Buying consultations
- Expert witness/legal testimony
Meridian offers immediate payment upon offer acceptance via check or bank wire.
Accept the offer for your diamond, engagement ring or fine jewelry and leave with money in hand. There is no cost or obligation, if you decide not to sell.
For those working through the mail, ACH, check or bank wire can be in your account in as little as a few hours from the point of accepting our offer.
Meridian Diamonds pros
- Each member of Meridian’s gemological team is a Gemological Institute of America (GIA) Graduate Gemologist in Residence
- For mail-in valuations, all packages are opened under video surveillance and inspected on the same day
- Immediate payment upon offer acceptance
Meridian Diamonds cons
- Business emphasis seems to be on in-person evaluations, though there are a limited number of in-person locations for evaluations
- Not an accredited BBB business
Diamond buyer: The Diamond Valet
TheDiamondValet.com is a stripped-down version of other, much more robust diamond buyback sites.
The website says the company has more than 100 years of jewelry business experience, though it does not have a Better Business Bureau profile.
As is the case with many other buyers on this list, The Diamond Valet will evaluate your jewelry and make you an offer based on what they believe the value of the piece to be. They provide just one offer, which you can take or leave.
If the jewelry you’re selling doesn’t involve diamonds, then The Diamond Valet isn’t for you.
Pros of The Diamond Valet
- Straight-forward website
Cons of The Diamond Valet
- Just one estimate
- Payment takes longer since they only send paper checks — no PayPal or bank transfer.
- No third-party appraisal. You are at the mercy of the price they offer you.
Diamond buyer: myGemma, formerly WP Diamonds
myGemma, formerly WP Diamonds, is a leading diamond ring and loose diamond buyer, and it’s easy to see why.
With a BBB rating of A+ and a credible reputation in the diamond market, myGemma is fair and reliable. It is one of the older diamond buyers in the online space, and has a good reputation.
And unlike some of the other buyers we’ve reviewed, they specialize in diamonds — diamond earrings, necklaces, bracelets, rings, etc. They also buy and sell watches, luxury handbags, and luxury accessories. This is what myGemma accepts:
- GIA-certified diamonds and diamond jewelry of at least 0.5 carats
- Designer diamond and non-diamond jewelry: Tiffany, Cartier, Harry Winston and more
- Radiant-cut diamonds to oval, marquise, round, emerald cut and more
- Luxury handbags
- Luxury watches (including Rolex)
- Luxury accessories like shoes, belts, scarves, and more
Pros of myGemma
- A+ BBB rating and over a thousand customer reviews
- Security ensured by free, FedEx round-trip shipping with insurance that covers the full cost of your items
- Close contact with your dedicated client services representative throughout the process
- User-friendly website and estimate tools
- Meticulous diamond appraisal process
There are no fees or commissions deducted from myGemma's final offer made. Their offer is what you receive in payment.
Cons of myGemma
- Limited in what they accept, which is higher-end diamonds, jewelry and watches
- myGemma bases your price on the current second-hand diamond market and their team of GIA trained gemologists.
- myGemma doesn’t use GIA or other certified outside appraisers, but an in-house appraisal team.
Takeaway: myGemma is a quality diamond buyer for larger stones. Read our complete myGemma review.
Diamond buyers FAQs
Common questions about diamond buyers:
What is a diamond buyer?
A diamond buyer is exactly what it sounds like: A business which purchases loose or mounted diamonds in order to resell those diamonds at a profit. Diamond buyers may resell a stone or piece of diamond jewelry directly to consumers or to industry insiders. While some diamond buyers may operate physical locations (such as a storefront), many of today’s most popular diamond buyers do most of their business online.
What is a diamond exchange?
Most typically, the term diamond exchange is used to refer to a place where diamonds (loose or mounted) can be exchanged—either for cash or, in some cases, trade.
While the term may have originally been associated with diamond bourses (places where diamonds are traded by industry insiders) this isn’t really the case anymore. Today, the term “diamond exchange” is most synonymous with brick-and-mortar jewelry shops, as evidenced by the number of businesses which weave the term into their name.
How much will buyers pay for diamonds?
A jeweler or other diamond buyer must make a profit on any diamonds purchased, so expect a jeweler to offer you half or less of what you paid for your diamond.
If the stone is an unpopular cut — for example, a marquise shape, or a princess or rose-cut stone — the price may be less than a more popular cut.
This post goes into detail about how to understand the resale value of diamonds.
Diamond resale prices have been on a roller coaster in the past few years: Prices jumped 31% during pandemic to a peak last April, but have fallen 7% over the last 12 months, with prices expected to be soft through the first half of the year rest of the year, according to Martin Rapaport, founder of the Rapaport Diamond Report, tracks diamond prices.
- Softening U.S. economy
- Increased popularity in lab diamonds
- Rough and polished diamond supplies are very high. “Manufacturers are expected to continue to exert caution in their rough buying at the beginning of the year,” Rapaport wrote in a recent report.
Are there lab-grown diamond buyers?
Should I look at diamond buyers only or gold and diamond buyers?
That largely depends on what you have. For instance, if you have gold jewelry that features a diamond or diamond accents, you should get quotes from gold buyers and diamond buyers to see which is willing to offer you more.
If you want to sell locally, you can search online for “gold and diamond buyers near me,” though in general you likely won’t make as much money as you would selling to a top online gold or diamond buyer like Diamonds USA.
Should I sell gold and diamonds separately or together?
Some online diamond buyers like Diamonds USA will pay you for the value of both your diamonds and gold — you do not need to separate them.
Where should I sell diamonds? Should I consider selling to private diamond buyers?
When you’re dealing with something as valuable as a diamond, we recommend working with a highly rated and established diamond buyer like Diamonds USA rather than a private buyer.
Look at how long the company has been in business, insurance policies, as well as reviews from sites like the Better Business Bureau and Trustpilot before you decide where to sell your diamonds.
Bottom line: What is the best way to sell a diamond?
Diamonds USA — sister site of CashforGoldUSA — buys all gold, silver, platinum, diamond and gemstone jewelry, as well as sterling flatware and fine watches, regardless of value or details, as long as it is made of real materials. Diamonds USA:
- Pays within 24 hours
- BBB rating of A+
- Pays a 10% bonus if you ship within 7 days
- 100% free and trackable shipment through FedEx — door-to-door
- Insures your item up to $100,000 via Jewelers Mutual en transit, and through Lloyds of London while at their facility
- 100% highest price guarantee
- Buys all diamonds of all sizes and quality
Whether you are selling your gold jewelry, ring, dental fillings, gold coins or silver, Diamonds USA and its sister site, CashforGoldUSA are quality businesses.
Is Diamonds USA legit?
Diamonds USA is owned by C.J. Environmental, which has an A+ rating with the BBB, and buys all quantities of gold, diamonds, silver and jewelry. Diamonds USA sells to wholesale diamond buyers.
How Diamonds USA works
Diamonds USA operates on a straightforward system. A few years ago I searched for places to sell gold near me, as after my divorce I had a small gold and diamond ring that I no longer wanted.
I checked out Diamonds USA because it has an A+ BBB rating. It was really easy. Here's how it works:
- I went to the DiamondsUSA website, entered my address, and waited for a mailer to arrive.
- Two days later I received a USPS mailer in the mail. You can also opt to use a FedEx label, free of charge to me. Your item is insured up to $100,000 through Jeweler's Mutual, and comes with a tracking number.
- Popped my ring in the mailer, and then the mail.
- Within a day, I got an email with an offer for my ring. I accepted and within 24 hours received a PayPal deposit for 10% more than I was quoted, as a bonus for shipping within 7 days.
That was my experience, but you can set up the process by email or phone.
Like I did, you can opt for an email offer, which you’ll receive as soon as your diamond is appraised.
You can then accept or reject it online.
Accept, and your check is mailed within 24 hours. Decline, and you’ll get your jewels back with priority shipping.
You can also get a call from the company with your offer. Whether you accept or decline, you’ll get your check or ring back ASAP.
Below is the breakdown of the best and worst qualities of Diamonds USA, or read more in our CashforGoldUSA review.
Pros of Diamonds USA
- Payment within 24 hours
- Established with more than 30 years in the business
- A+ Better Business Bureau rating
- Simple, straightforward selling process
- Make quick cash on diamonds of all sizes
- Also get cash for your gold, platinum, watch or other jewelry
- Expert appraisals
- Free insurance up to $5,000 — as well as up to $100,000 for some cases
- 100% satisfaction guarantee
- 10% bonus above the estimate if you send in your item within 7 days
Cons of Diamonds USA
- You may want to check out local jewelers, gold buyers, pawnbrokers, a diamond exchange or other places that buy gold near you.
A diamond buyer is exactly what it sounds like: A business which purchases loose or mounted diamonds in order to resell those diamonds at a profit.
Most typically, the term diamond exchange is used to refer to a place where diamonds (loose or mounted) can be exchanged, either for cash or, in some cases, trade.
A jeweler or other diamond buyer must make a profit on any diamonds purchased, so expect a jeweler to offer you half or less of what you paid for your diamond.
None of the diamond buyers purchase lab-grown diamonds, which are technically a diamond, but far less expensive to buy — and even less valuable on the buyback market. Adadiamonds.com buys laboratory-made diamonds.