Where You Could Sell Your Engagement Ring
When selling your diamond jewelry, you have a few options that likely wont get you the most money for your engagement ring:
Google or Yelp will lead you to many choices of where to sell your engagement ring for the most money both online, as well as jewelers and large retailers near you, pawn shops, gold buyers, vintage and estate jewelry stores, and auction houses.
While selling to a local jeweler or pawn shop may give you quick cash, brick-and-mortar ring buyers typically pay less than online buyers, so I recommend finding a reputable ring buyer online.
Our Recommendations Again To Get The Most For Your Diamond
If your diamond weights 1.2 carats or more, or if it has a designer name attached to it e.g. Tiffany & Co. or Van Cleef & Arpels, I recommend you contact Alon at The Diamond Oak to get the best price possible.
He is a dedicated diamond dealer who specialises in larger stones and signed jewelry and consistently offers the highest prices.
Start With Pawn Shops
You already know the ceiling for your jewelry is half its buying price, you shouldnt be too shocked when you walk into a pawn shop. They dont give much credence to certification or receipts. Especially when theyre pawning stuff off you. When theyre selling, they will ramp up those 4Cs, but when theyre buying it from you, none of that is relevant. Its all about profit.
Pawnshops will often give you quick cash. So people think its the best way to sell an engagement ring. But dont buy at the first shop that offers. Take your ring through as many pawnshops as you can, comparing their prices and asking them how long thats valid.
Any shop that says take it or leave it isnt worth your ring. But be careful. Youre walking around with valuable property, so take precautions. You dont want someone following you home and trying to get your ring for free. After all, a lot of shady types hover at pawn shops.
Recommended Reading: How To Stuff Wedding Invitations Without Inner Envelope
Find Out Where You Can Sell Your Diamond Ring For The Most Money
Diamonds may be forever, but they dont necessarily need to be forever with the same person.
There are many reasons to sell a diamond ring a change in life circumstances, an upgrade of an original engagement ring, passing on a family heirloom, or something else entirely..
But whatever the reason is, its a certainty that you want to know how to sell your ring for the most money.
Were going to talk you through each of the different options available to make sure that you have a clear understanding of where the best place to sell your sparkler is and how to get the most for it.
+ Do I Have To Make An Appointment
No. You can come in during any of our business hours without an appointment, but an appointment can help to expedite the process, especially if you have many items for sale.
Whether you have inherited jewelry you would like to sell or would like to update your look, it may be time to come to us and receive a quote for your jewelry. Sell jewelry for cash or receive credit towards a new piece for yourself or someone you love.
We find 90% of customers who shop around for prices return, finding our offers to be the best in the area.
Sell engagement rings, sell diamond earrings, sell designer jewelry, sell diamond rings, sell jewelry of all kinds to us. We accept loose diamonds and gemstones, silver and gold coins, high-end watches, signed designer jewelry, used gold, silver or platinum jewelry and scrap. We accept almost everything jewelry or precious metal related, but, if you have any questions, please contact us by phone or by using the form below.
-
Sell Diamond Rings
-
Sell Signed Designer Jewelry
-
Sell Gold, platinum and Silver
We find most customers are over-joyed to transform their tucked-away, old jewelry or scrap into cash or a brand-new, sparkly piece of jewelry they enjoy. So please call us at 860-659-0944, or make an appointment below.
Also Check: Wedding Bands That Go With Solitaire Engagement Rings
Where To Sell Your Diamond Ring
The key to getting the most money when reselling your diamond is to find the right buyer for you, which will depend on what it is that you are looking to sell.
Which of the following categories does your ring fall into?
- Diamond ring with a significant center stone
- Diamond ring with a smaller center stone
- Designer diamond rings
- Ring with lots of diamonds in the setting
- Diamond ring and wedding ring set
- Diamonds with smaller diamonds e.g. cluster settings
Sell Your Wedding Ring With Ease Today
Emotions and feelings often run high when you find yourself considering selling a wedding ring. Your wedding ring can be a source of intense joy, but it can also be a reminder of a time youd like to forget or move on from. Whether youve gone through a painful divorce, lost a loved one, had an engagement fall through, or are willing to let go of a family heirloom, Worthy can help you.
We understand that selling your wedding ring can be very difficult, whether you sell it online or in a store. On top of potentially painful feelings, it can also be a very confusing situation if youve never sold diamonds or or jewelry before. Our primary goal at Worthy.com is to make the process easy, simple, and straightforward for you.
Our online platform is secure, smart, and fast, so you can sell the items youve fallen out of love with for money you can use right away. Use these links to navigate to different sections below:
Were here to answer your questions every step of the way. You can trust our team to help you sell your wedding ring for the best price with our stress-free, customer-centric business model.
Using Worthy was so easy, I felt very comfortable.
Recommended Reading: Short Notice Wedding Planning Checklist
Is It Time To Sell Your Wedding Ring
The decision to sell a wedding ring can be difficult and emotional, so dont rush into it. But if youre ready to move on, there are some excellent websites that will give you a fair deal.
Theres usually a trade-off between the simplicity of the process and the price youll achieve at the end. If youre an established seller and dont mind listing your ring and dealing with buyers yourself, eBay is great value.
But if you want to take out the hassle, consigners like Worthy and Dover Jewelry are a good alternative. And for guaranteed sales, contact established jewelry buyers for a simple and fast transaction.
Good luck with your sale, and we wish you all the best for the next chapter in your life.
- 10shares
Where To Sell An Engagement Ring
Whether you inherited an old diamond ring or have an engagement ring that you no longer want, there are some great places to sell your ring online for the most money possible.
Selling an engagement ring may be bittersweet whether youve inherited the jewelry from a relative or have been through a broken relationship.
But on the bright side, selling your engagement ring should generate some money quickly. You could make thousands of dollars and even if you can only make a few hundred, thats still a significant number for most people.
But dont just walk into a pawn shop. A specialized diamond buyer will know your rings value and pay a higher price.
Don’t Miss: Get Ordained Online Nj
What Is The Best Way To Sell An Engagement Ring
After researching this topic for five years, I am confident that you stand the best chance of getting the highest price for your jewelry if you sell to an online engagement ring buyer.
Think about it: The vast Internet creates much more competition that encourages online buyers to provide honest, trustworthy service. And while there are certainly quality local jewelers, there are simply fewer jewelers in each community. Plus, selling your engagement ring or other jewelry online means you dont have to leave your home, haggle with a jeweler or otherwise go through the hassle.
The recommendations made here are based on my own personal experience with highlighted companies, online reviews from customers, Better Business Bureau ratings, news reports from reputable publications, age of the company, ease of use of their websites, transparency, and overall sentiment that these are quality businesses that care about their customers.
Facebook Buy And Sell Groups
Another local option to sell your wedding dress is on Facebook Buy and Sell groups or through the Facebook Marketplace.
These groups will sell almost anything, so you wont be marketing to brides only. The upside is that the buyers are local, so you dont have to worry about shipping your dress.
Include lots of photos, a good description, and a competitive price when listing your dress. You may have to negotiate on the final price, so leave some bargaining room.
Itll probably take you longer to sell your dress via Facebook, but there are no fees to create a listing.
Related:
Read Also: Wedding Planning Spreadsheet
How Can I Sell My Diamond Ring For Most Money
Online stores like iValue Labs or pawn shops can help sell your diamond ring.
Some of the best places to sell it and get the best deal out of it are:
Consignment shops: Many consignment shops sell diamonds, but selling in consignment shops can be very time-consuming, probably months to finalize the deal. A consignment shop has a good possibility of getting the best value of your diamond ring, but they also take their share from that amount reducing your margin for sale.
Jewelry Stores: Multiple jewelry stores are interested in purchasing second-hand diamonds in excellent condition. Depending on the quality of the diamond, you have the best possibility of getting the highest price from these stores. Generally, these stores purchase second-hand diamonds wholesale to maximize their profit.
Connect with iValue Labs to get the best price for your diamond ring and certify our customer eccentric services.
Sell Your Diamond Ring To A Diamond Specialist
The final person that we tested this ring with was the diamond dealers that weve already mentioned Alon at the Diamond Oak.
The process usually works like this:
You send a description of the item you are looking to sell, including details like the carat weight and quality of the diamond, whether it is accompanied by a certificate etc
- The buyer will assess it from the information you provide and make an offer. This will likely be a range until they see the actual stone
- If you like the offer, you agree to send the stone to the diamond buyer to assess in person
- The seller emails you a pre-paid shipping label and instructions to ship the item
- You send the item, covered by the sellers insurance
- The seller will give you a final price after inspecting the ring, which will be within the original range quoted
- You receive an overnighted check or bank transfer
Alon quoted $2300 $2500 for the stone on its own significantly higher than the other options.
The reason he is able to offer more is because he knows the true value of the stone and what it will be worth in its next life when it is used in another piece of jewelry. Plus, as he isnt acting as a middle-man, he doesnt need to bid low in order to ensure it make business sense for him.
You May Like: How To Address A Card To A Couple
Do You Purchase Diamond Bands
YES WE DO! It’s not only the diamond engagement rings that we buy. If you want to sell wedding bands please don’t hesitate to contact us. At our Lab you can find best value of your ring.
Although you purchase diamond bands at a much higher price from jewelry stores, unfortunately it is extremely difficult to resell it for a high value. The reason is that jewelry stores work with huge margins whilst the market value is much lower. Hence diamond buyers are unable to purchase it for a high amount. We try to be as fair as possible to keep our clients happy.
What Happens When You Try To Sell A Diamond Ring
Lets start with the most likely scenario. Unfortunately, most people out there are still buying their diamond rings in bricks & mortar jewelry stores.
Lets also assume the best case scenario within the subset of physical jewelry stores the small independent jeweler that only sells GIA certified diamonds.
In this case, the best profit percentage youre likely to encounter is 25%. In other scenarios , youre likely to face much higher profit margins.
You May Like: Ways To Use Excel To Plan A Wedding
Selling An Engagement Ring After Divorce Real Life Stories
I’d like to share a few real-life experiences and stories of people who have sold their wedding rings and engagement ring after a divorce.
For example, Kassandra sold her engagement ring four years after her divorce was finalized, and used the funds towards paying off her $55,000 of consumer debt.
She says,
I did not feel any guilt or emotional attachment to it at that point. Four years had passed since the divorce was finalized and by then I had long moved on emotionally in relation to the divorce. I was ready to let go of things that were no longer useful to me, in order to improve my financial position. I remarried in 2012 and I own a beautiful diamond engagement ring. This time around, we went the wholesale route and purchased a GIA certified diamond according to our desired specifications, paid for it in cash, and do not regret it. The couple who purchased my former engagement ring got a steal of a deal and people should consider buying a used diamond, if a diamond is what they want, to avoid the ridiculous retail cost. A diamond is not an investment.
Erin Clark sold her wedding band and rings in May, 2018, about 7 months after she went through a divorce. Pretty early in the divorce process, her ex-husband told her she should keep the rings and sell them to use the money to get back on her feet.
She says,
Kylie writes,
Monday 5th of December 2011
Hi Kathryn!
I am so sorry to hear about your husband’s job loss. Do you guys have a plan? Is he eligible for unemployment?
