Selling Your Diamond To A Local Jewelry Store Or Antique Shop
Many local jewelry stores dont buy second hand jewelry because they would rather focus on selling new jewelry the profit margins are better and its less work for them.
If you can find a local jeweler who will buy your ring, they will normally sell it to a dealer who then will sell it to a wholesaler.
Each of these people will be looking to make some profit on their sale, which means that the initial offer that the jeweler will make you is likely to be low.
We offered our ring to 10 local jewelers across the US, and two were interested. The highest price we were offered was: $1,500 $2,000:
Sell Wedding Ring Youve Come To The Right Place
We offer an easy and safe way to sell wedding rings. It doesnt matter whether the rings you need to sell are old, damaged, have missing stones or are even brand new.
With Divorce your Jewellery you can sell wedding bands, engagement rings, platinum rings through to signet rings. Rings are often of good value and therefore should be sold for an appropriate amount, by someone who can expertly appraise their value.
Sell Your Rolex In San Diego And Get A Cash Bonus
Sell us your Rolex watch to us and we will pay you an extra $350 just for mentioning this special offer on our web site. Levi Family Jewelers is the top Rolex Buyers the top Rolex Buyers in San Diego and we pay the very most for your Rolex watches! We are the premier Rolex Buyers in San Diego and pay more than anyone else for your Rolex watch. We also buy platinum, diamonds, fine jewelry, and gold, in all conditions. Contact us now to schedule an appointment or call 239-2618.
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Use The Money For Other Needs
Children are one of the most important factors to consider before, during, and after a divorce. Besides the emotional strain this will cause, you also have to keep in mind their financial needs.
Money from selling your wedding ring can be put toward meeting their pertinent needs, such as food, shelter, clothing, and tuition. For the long-term, the money can also be added to their education fund or into savings for emergencies.
Contact Our Diamond Experts
With over 150 years of experience in the diamond industry, we are experts in engagement ring valuation, metal assessment and market conditions. Our process and business model is unique and ensures that you get the best price possible for your pieces of jewelry, quickly and stress free.
Sell your loose diamonds, diamond jewelry, fine jewelry, luxury watches and handbags to our experts today.
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Best Place To Sell A Designer Diamond Ring: The Diamond Oak
If you have a designer diamond ring with a luxury name attached, it will command a premium compared to a regular diamond ring, evemn if the diamond has similar specifications.
Jewelry from these brands is known as signed in the jewelry trade as they include an engraving of the makers name on the inside of the ring.
So if you want to sell a Tiffany & Co, Bvlgari, Van Cleef, Cartier,Harry Winston or similarly branded signed diamond ring then theres a good chance that you will be able to recoup significantly more than a generic ring with a diamond of similar quality.
As with larger diamond rings, our recommendation based on mystery shopping several types of jewelry buyers is to first contact Alon at The Diamond Oak. He consistently offers the highest prices for luxury branded jewelry.
And again, if you feel that Alons price isnt what you were looking for, its always worth listing it on Worthy with The Diamond Oaks price plus Worthys fee as the reserve price.
Worthy also have a feature in their recent auctions tool that allows you to filter by brand name, so you can see how much a designer ring like yours has sold for recently:
While there may not be a ring exactly like yours listed, it can be useful to get a ballpark understanding of how much designer diamond rings realistically sell for.
How Much Can You Sell An Engagement Ring For
A 1-carat diamond and gold engagement ring will fetch resale prices ranging from $1,000 to $5,000, depending on the cut, quality and setting. Platinum setting and large side stones can mean higher prices, as can name brands like Tiffany or Cartier.
Your engagement ring is worth the current market rate for the diamond and metal.
At Worthy, a 0.92 CT emerald-cut solitaire ring, H, VVS2 in a platinum setting sold for $1,380, while a 1.55 CT round solitaire ring, J, SI2 in a gold setting sold for $4,003. A 2.24 carat princess-cut solitaire diamond, J, I1, sold for $4,348.
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Factors That Affect How Much You Will Receive For Your Diamond Ring
Weve already looked at how where you choose to sell your diamond ring can make a huge difference to how much you receive for it.
But there are many factors to do with the ring itself that can also have a huge effect, some of which are surprising.
Bottom line: the most important thing in determining the price you will receive is the size and quality of the center diamond, not the ring setting.
While you may think of your ring as a single object, to a jeweler it is two separate things:
When you are buying a ring new, the price of the setting can vary tremendously.
A simple solitaire in 14k white gold may be just a couple of hundred bucks:
While an ornate platinum setting with significant amounts of melee diamonds set into it can be several thousand dollars:
This difference can make a big difference to how much the ring is worth now, and maybe not in the way you might expect.
What Types Of Engagement Rings You Can Sell
At WP Diamonds, we specialize in buying:
- Engagement rings with at least one diamond of 0.5ct +
- Designer engagement rings and designer wedding rings
- GIA certified fancy colored diamonds
We do not purchase:
|The center diamond is usually slightly larger than the two side stones.||Each stone should be valued for its own attributes to maximize price.|
|Shoulder Set||The center stone should hold the majority of the value and a certificate generally only covers this diamond.||The smaller diamonds also hold some value and they should be included in the final offer.|
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Know Your Rings Value
You must always know the worth of your wedding ring to earn a top dollar. To give you an idea of how much your ring is on the current market trend and how much you can sell it, take your ring to a professional jewelry appraiser. You can bring with you your ring documents, insurance policy, previous appraisals, and receipt. Knowing your rings value will help you how to sell wedding rings.
How To Sell Your Wedding Ring For Top Dollar
by Wevorce Team | Jun 22, 2017 | Divorce, Finances, Newly Single
Why sell your ring after a divorce? As a professional diamond buyer, Ive seen and heard it all. Most of time, I see women who want fresh beginnings, need help paying for their divorce or debt, or just dont need any more items collecting dust in their jewelry
Its natural to want to get rid of your wedding or engagement ring after a marriage dissolves, but dont be in a rush to sell it off to any old buyer. To get top dollar for your wedding or engagement ring, follow these three steps.
Step 1: Be Sure Youre Ready
When I meet a client who is a divorcee, I always make sure theyre truly ready to let go of their ring. Sometimes people are being pushed into it by friends or family members. Dont sell your ring if youre not ready to. Its okay to wait a year or two to sell. In fact, you have the rest of your life to make that decision!Another common mistake when selling jewelry is selling in a hurry. Take a deep breath, calm your emotions, and dont feel like you have to accept the first offer that comes up. Shop around and make sure youre comfortable with whoever youre selling to. Ask questions. Ensure theyre being transparent, and have them walk you through the process.
Step 2: Know Your Rings Worth
Heres what youll need to take to your appraisal:
- Any ring documents
- Previous appraisals
- Insurance policy
- Bill of sale
Step 3: Research Your Selling Options
Schedule a Consult
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Who Do The Wedding Rings Belong To
The legal stance on the ownership of wedding and engagement rings is fuzzy. In normal circumstances, an engagement ring is considered a pre-marital asset meaning it was something the bride owned before getting married and is therefore hers alone.
Wedding bands, on the other hand, are gifts that were exchanged after the marriage took place and are generally considered marital property. Certain parts of the world view the act of receiving a ring as a promise of marriage. As long as the person fulfills that promise , the ring is then theirs to do with as they wish.
If however, they break that promise by canceling the engagement, they are required to return the ring to the person who gave it to them.
The exception? When the ring is a family heirloom, it is being received as a promise to become a part of that family. If the recipient of the ring later leaves that family, most laws will call for the ring to be returned. If you find yourself entangled in the post-marital legal system, check out what the specific laws are for the area in which you live.
With all that being said, most former couples will decide between themselves the right path to take. You may decide together to leave the rings with whoever could use the most financial help in your new lives, or you may choose to each keep your own rings and go your separate ways. You may want to keep your ring to upcycle or sell, or you might just need to get rid of it in a ceremonial blaze of freedom.
Why Sell Your Wedding Ring With Worthy
Many of our clients find us after a quick Google search for where to sell their wedding ring. Thats because many satisfied customers have left outstanding reviews after their Worthy experience.
I really wanted to sell my wedding ring via a trusted website where I could get my ring graded and sold fast, says Mary. I had some important home renovations to get done before winter started, and I didnt have time to waste. After taking a look at Worthys website, I realized they were exactly the sort of company I was looking for.
Like Mary, many clients mention how they appreciate seeing features such as Worthys excellent BBB rating, as well as the process itself, which lets multiple buyers compete for the items at auction. Worthys benefits include:
We pride ourselves on the exceptional level of expertise and personalized service that we provide. Its one of the many features that sets Worthy apart. You can learn more about our A+ BBB rating here.
We only trust the best diamond grading lab in the world, GIA, to grade valuables prior to auction. Diamonds sold with GIA grading reports are considered more valuable and can command higher prices.
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Get The Value Of Your Second Hand Diamond Wedding Ring Now
The Luxury Hut has been dealing with diamond jewellery for years. You will get the fairest price for your second-hand diamond Wedding ring if you sell it to us. Our experts assess every item closely and determine its true current value.
We will look at the weight, shape, condition, clarity, cut, fluorescence and grade of your second hand diamond piece. We will give you an offer. If you accept it, we will pay you instantly. We use secure payment methods.
Whether you have a diamond Wedding ring that is made out of Gold, Silver or Platinum, The Luxury Hut buys all Wedding rings.
Here at The Luxury Hut, we buy both certified as well as a non-certified diamond Wedding rings of any colour and clarity.
You can get a free appraisal by filling in our Get a Quote form, call one of our experts on , email or visit our office in Hatton Garden, London with your diamond Wedding ring.
Return Windows And Upgrade Policies
One major advantage for these online vendors are their policies. Both James Allen and Blue Nile offer full refunds for 30 days. They also offer a lifetime upgrade policy.
Buying online obviously makes selling a diamond much easier. Your cost basis is lower and the retailers give you options for returning and upgrading .
Upgrading your diamond through a typical retailer usually does not give you the value you would expect. We dig into that a bit more in our trade-in article.
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Selling Wedding Ring After Divorce: 4 Obvious Reasons To Do It
Divorce is a draining process, both emotionally and financially. Dealing with it while the process is ongoing is difficult enough, but it has long-term repercussions that need to be addressed.
Selling your wedding ring after a divorce is a step toward emotional healing and starting a new life. The money you will get from the sale can pay for the fees you acquired from the divorce itself and sustain you as you begin a new chapter in your life.
Once you have decided to sell your wedding ring, there are multiple options available. Its price will be determined by several factors.
How Much Is An Engagement Ring Setting Worth
The gold or platinum setting of an engagement ring is typically worth its weight in scrap metal costs. Any side stones, unless they are more than .3 or .4 carats, are called melee diamonds, and may be worth a few hundred dollars if they are high quality.
Except in rare cases when side stones are large or high quality, or the ring is by a name-brand jewelry designer jewelry and diamond buyers will remove the center stone to repurpose, and melt down the ring setting for scrap.
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