Where do people sell stolen diamonds?

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Lyda Little asked a question: Where do people sell stolen diamonds?
Asked By: Lyda Little
Date created: Sat, Jun 26, 2021 9:40 AM
Date updated: Thu, Jun 30, 2022 2:29 PM

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Top best answers to the question «Where do people sell stolen diamonds»

Stolen goods can be sold to any number of secondhand jewelers or gold exchange stores, pawn shops, swap meets or private dealers throughout the region. “The places they exchange stolen goods for cash are numerous,” said Los Angeles County sheriff's Sgt.

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Diamonds aren't easy to sell -- even when you actually own them. Jewelry stores will almost never buy back diamonds they've sold to people, mostly because the price they'd offer would reveal the unfathomable retail mark-up on the stones. When Elizabeth Taylor tried to sell a 79-carat diamond ring, she got half the price she asked.

Police believe the biggest dumping ground for stolen jewelry is cash4gold.com, Sgt. Don Cegielski said. Thieves see that website advertised on television and they send in the jewelry where it is...

One site that stands out is IDoNowIDon’t, so named because it specializes in diamond rings from broken engagements. What’s nice about this site is that the money and the jewelry are sent to ...

The first is to sell them on soon. However, to do so they may have to accept a large loss on the legitimate value of the stones. The second is to sell them to factories where the diamonds will be...

– If a thief doesn’t have an established network of people through whom he can move stolen goods, and most don’t, your ring could turn up for sale on any of the auction and classified ad websites. They may hold onto it for a while, but thieves steal for profit, and they won’t wait forever to realize a return on their hard work.

The reason they usually require this is because Pawn shops are constantly scammed by people who claim the item was stolen, when they actually had an arrangement with the person to take the item to a pawn shop, get money, then the other person will claim the item is stolen and get it back for free - as a way to get free money - this happens all the time; by requiring you press charges, this assures the pawnbroker that you truly were a victim and not trying to rip off the pawn shop.

A few companies that buy uncut diamonds are World Jeweler, Inc. and Large Diamond Buyers, USA. Depending on the company to which you are selling, you will either be paid immediately (if you are conducting the transaction in person) or you and the company will arrange a different method of payment.

If a piece of jewelry that is stolen is brought to them and they understand it, they immediately inform the police and want to show the people in their area how trustworthy business they are. In this case, pawnshops are very important because the thief directly goes to them to get cash money.

WP Diamonds is a recommended place to sell your diamonds quickly and safely. Hundreds of thousands of customers have found success working with them in a fuss-free manner. Click here to fill up an inquiry form in less than 5 minutes to get your free quote.

Blood diamonds, also known as "conflict diamonds," are stones that are usually produced in areas controlled by rebel forces that are opposed to internationally recognized governments. The rebels sell these diamonds, and the money is used to purchase arms and fund their military actions.

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