Sell Your Used Jewellery For Cash To The Luxury Hut
The team of experts at The Luxury Hut can help you secure the highest possible value when selling jewellery. Our appraisers of fine jewellery are always available to advise you on your jewellery item. We can even provide a free valuation on any second-hand jewellery which you are interested in selling.
The possible cash value will depend on the age, condition and the current market value of the jewellery piece. Selling jewellery can be a great idea to bring in instant cash.
Thus, if you are looking for the best place to sell jewellery in London, or sell jewellery online in UK, contact The Luxury Hut.
Selling Your Wedding Ring After Divorce
Selling your wedding ring after a divorce can be overwhelming. For some, letting go of the ring symbolizes a fresh start. Others may find they have a difficult time parting with their wedding or engagement ring. No matter what feelings are attached to the thought of selling your wedding ring, just know that those feelings are completely normal. Because we buy and sell engagement rings, we have witnessed many scenarios. If youre considering selling your wedding ring, we would like to offer some advice to help bring some clarity to the process.
Dealing With A Professional Jewellery Buyer
Reputable jewellery stores or professional jewellery buyers shall help in estimating the exact reselling worth of your engagement or wedding ring. Get to know about the stores before visiting them. You need to check with the type of certification they have earned to their name to buy and sell jewellery in the market.
Always keep in mind that the renowned wedding ring buyers are bonded and insured so that the entire resale process remains a hassle-free one. Such jewellery stores shall deconstruct the rings or make use of the stones and the metal frames to create a new piece of jewellery. With such kind of need on-board, they shall be offering a better price value for the ring when compared to other resources.
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How Much Is A Small Engagement Ring Or Gold Wedding Band With Small Diamonds Worth
If your jewelry is modest, there are other options for selling an engagement ring. For engagement rings and other jewelry estimated at less than $1,000, I recommend CashforGoldUSA, and its sister site Diamonds USA Diamonds USA both of which have an A+ Better Business Bureau rating and guarantee payment within 24 hours, and pay a 10% bonus if you send in your item within 7 days.
Note: Worthy only accepts items valued at $1,000+, which is typically the minimum value of a diamond center stone of at least .5 carat.
When Can I Sell My Ring
First of all, if you were only engaged and were never actually married, theres a good chance that you might not be able to sell the ring. Many states have ruled that the ring is considered a conditional gift in an engagement, and if you dont get married, then the ring needs to be returned. The marriage would make the gift final.
If you realized it wasnt right before you got married, look at it this way, that emotional roller coaster sucks but you dodged a bullet, consider yourself lucky that you didnt go through a divorce.
If the marriage actually does happen then usually an engagement ring is considered a pre-marital gift and therefore, not subject to equitable distribution in the event of divorce. But, if the ring appreciates in value during the marriage then the increase in value could be considered marital property, just not the original cost of the ring.
I would recommend not doing anything until after youre divorced. Once youre divorced, if nothing has come up, then you can view it as a golden ticket to a new life without him .
Also, apparently its fairly common for divorce attorneys to take wedding rings as retainers for their services. They value them for far less than they are worth because their clients may have no other way to pay for the divorce. If you can avoid this, then I highly recommend that you dont give the ring up as collateral.
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What To Expect When Selling Your Wedding Ring
Are you thinking of selling your wedding ring? Whether you are moving on from a relationship that has ended, upgrading to a larger diamond ring or different style ring, CIRCA is the premier buyer of diamonds worldwide. CIRCA has an A+ rating with the Better Business Bureau and CIRCAâs professional diamond buyers specialize in evaluating and purchasing all types of diamond rings, diamond wedding rings, diamond engagement rings, loose diamonds, and diamond jewelry. Every evaluation will take into account the 4 Câs cut, color, clarity and carat weight as well as the symmetry, fluorescence, and desirability of the diamond. CIRCA will pay you the highest prices for the diamond engagement, wedding, and diamond rings you wish to sell.
HOW TO SELL YOUR WEDDING RING
We make the process of selling your fine jewelry a fine experience â and a rewarding one. On the day of your appointment, you will meet with one of our jewelry buyers in a private room while they examine the jewelry and watches you wish to sell. CIRCAâs jewelry buyers are trained to pay the most competitively in every market, which means you will be offered the very best price for the pieces you no longer want or need. We will write down our offers for your consideration, and should you accept, youâll receive immediate payment.
DIAMOND ENGAGEMENT RINGS AND JEWELRY WE PURCHASE
Should I Sell My Engagement Ring
If the ring youre thinking about selling is an heirloom or an inheritance, you may feel guilty about letting it go. Selling might be easier after a divorce or a broken engagement, but you may still hesitate if youre considering passing the ring on to your children.
This is a personal decision, and only you know what is right. Ultimately, if youre not sure about selling your ring, there are some alternative routes you could take.
For example, you could re-purpose your ring into another piece of jewelry, like a pair of earrings or a pendant. You could also keep the ring to pass on to your children in case they want it.
But this post will explore the best ways to sell your ring, so lets learn about your options which include selling online, selling to a local jewelry buyer, or selling to an individual diamond buyer.
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Common Reasons To Sell Your Wedding Ring
You’re not alone in wanting to sell your wedding ring or sell your engagement ring. In fact, there are some reasons people sell that can give you some good ideas for what to do with the money.
Common reasons include:
- To pay legal expenses for your divorce
- To rid yourself of an object that reminds you of a past relationship
- To pay for major debt with high interest
- To invest in yourself
- To get rid of ex’s jewelry and move forward in your new marriage/relationship
- etc.
Selling your wedding rings can actually bring about relief. Kylie from KylieTravers.com.au, says that selling her wedding rings,
was a relief. They were the last things hanging around from that time really. He was abusive and it was amazing to have all that energy gone.
The Process To Sell An Engagement Ring
is an online diamond buyer that offers a quick and pain-free service, making it simple for you to get cash for your engagement ring.
The 5-step process outlined below can take as little as 48 hours:
- Fill out the online form with the details on your engagement ring.
- You will be contacted by a representative with an initial price range.
- Schedule an appointment or send in your items overnight for a final offer .
- A representative will be in touch with a final price.
- Money will be wired into your account usually within 24 hours or your items returned insured and free of charge.
However you choose to sell your engagement ring, you should feel comfortable every step of the way. Consider all of your options, do your research and make sure to sell your engagement ring safely, for the best possible price.
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Why Sell Your Wedding Ring
There are many reasons to sell a wedding ring. Some individuals feel selling their wedding ring is a symbol of letting go and moving on. Others may need to sell a ring due to the financial burden of a divorce. While others may just want to upgrade their diamond. Regardless of the reason, selling a wedding ring is very common and can be a positive experience both mentally and financially.
How Much Can You Get For Your Engagement Ring
It depends on the ring. There are so many factors that go into an engagement ring’s value, from the carat to the setting to how old it is. Still, there are general trends, offers Opperman. “It does depend on the ring. However, most of the time we see people getting back anywhere between 40 to 75 percent of the ring’s original value.”
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How Do I Determine The Value Of A Diamond
The most accurate way to figure out the value of your diamond is to take it to a GIA lab, although this is only possible if you can actually remove the diamond from the rest of the ring.
There are only two GIA locations in the country in New York City and Carlsbad, Calif. but if you dont live in either area, you can send your diamond off in the mail. Be sure to tell UPS, FedEx, or the USPS what youre shipping so you can properly insure the package.
Youll need to prove your identity if youre visiting in person as a diamond laboratory is a fairly high-security premise.
The appraisal fees depend on the carat weight of the diamond, but you can expect to pay about $200 for this entire process of appraising your stone. When the lab technicians finish the appraisal, youll be given an accurate report of the characteristics of your diamond: carat weight, diamond grade, clarity grade, polish, symmetry, and fluorescence.
Once you have your estimate of all these factors, you can refer to the Rapaport Price List which should give you an estimate of how much the diamond is worth. However, regardless of a diamonds intrinsic value, youre likely to receive an offer for less since many buyers will be hoping to sell the ring on for a profit.
Cash For Gold Exchanges
Most cities will have a cash for gold exchange type of place where you can trade in gold rings. Its a good way to get cash for jewelry fast. Usually, these stores will buy your gold in order to melt it down and reuse it.
The price these types of places offer can be a little lower that whats offered at other places, but its a quick and easy way to get some cash fast for gold rings.
You can find cash for gold exchanges near you by having a quick search on Google. Just type in sell gold near me and hit search and you should get a list of places near you where you can get cash for your gold jewelry. You can always call ahead at some of these places to see if they purchase gold rings.
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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.
Better Value = Money Saved
What if you bought the same stone online? Well, as we explain here, that means you received far better value buying that diamond in the first place. This will help you mitigate your losses.
Take these diamonds for example. Here is a beautiful diamond from James Allen for $5,500 and a fantastic alternative from Blue Nile for $5,581. Both of these diamonds are phenomenal choices that would have cost you about $6,500 in a local store.
We reached out to some of our contacts and the best offer for those two diamonds were $3,600 and $3,900 respectively.
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Craigslist Or Facebook Marketplace
You can always try selling your jewelry yourself to make more money. Jewelry stores and pawn shops must pay you a low amount so they can profit. Its free to list your items on Craigslist, Facebook Marketplace, or selling apps and you can charge less than your local stores.
Getting an official appraisal for your jewelry can help you earn more money as you can verify the authenticity. The appraiser should also tell you the fair market value for your jewelry.
Pros
Cons
What Is The Best Way To Sell Expensive Jewelry
We recommend selling expensive jewelry online to a reputable online jewelry buyer like Worthy, CashforGoldUSA, WP Diamonds or Circa these are large, national companies that can efficiently evaluate your diamond or other jewelry, safely ship it, evaluate it by trusted experts and appraisers and have national reputations at stake, which motivates them to offer a high price and good customer service.
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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.
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