Economic times are tough worldwide and not expected to get better anytime soon. Many people are trying to get caught up by selling things that they no longer need.

With the advent of on line selling sites selling sites, selling off your disused treasures is becoming more and more common. But there are dangers involved.

First, if you decide to sell your diamonds online don't take anything on trust. All it takes to make an online presence is access to a computer. Even a library computer will do. Just because someone has a web site and some flashy pictures doesn't mean they are a legitimate selling agent.

Look to the obvious. If the company who wants to market your jewelry has a silly sounding yahoo email account, don't do business.

Avoid offers that ask you to send your jewelry in for sale. They may be able to sell your diamonds online, or they may have other plans. While there are reputable agents that will take on consignment, like the International Diamond Exchange, their cut would make
selling lower priced jewelry prohibitive.

That leaves it to you to sell your diamonds online. Using eBay or Amazon.com, you can set up an account that will let you securely sell your jewelry while protecting the buyers as well. But before you jump on board, you need to do a little research.

First, know what your diamond is worth. Have it appraised. You will need to for shipping insurance.

Next, get to know the workings of online selling. There are many books and articles on the subject available that will work you through some of the pitfalls.
Learn how to tell real buyers from lurkers and prank bidders.
Learn the advantages of the various payment options, and determine which one is for you.
Learn how to guarantee that the payment is secure before shipping the gems.
Don't sell your best stuff right away. Try some gems of lesser value first to see how well you learned about online selling.

And learn to be patient. Quick sales are from pawn shops. Selling on the Internet is like fishing. Sometimes you get a bite right away, sometimes not.