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Do you have a round-cut engagement ring you’re looking to sell? We’re 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 engagement ring is and how to get the most for it. With over 150 years of combined experience, our experts are able to comment on trends, share industry knowledge and provide diamond, designer jewelry and luxury watch education.

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. Even if you feel that you need to sell your engagement ring quickly, if you can wait just a few days then there is a much better way to make sure you get real value.

That said, don’t expect to make money off of selling your engagement ring.

A convenient and fast option to sell engagement rings. Important note: There are no fees or commissions with Abe Mor like there are with other services like Worthy. And like eBay, you’ll be dealing with third-party buyers, at least in part. The diamond in the appraisal certificate above is 1 carat ’round brilliant’, with SI1 clarity, H color and very good cut, polish and symmetry. How Much Can I Sell My Engagement Ring For? Accept your offer and receive payment in as little as 24 hours. Of course, you’d need to detach the diamond from the ring to perform this test. Chances are good you can find a store in your town.

This is because diamonds and jewelry at bricks and mortar retailers are generally overpriced. These certainly makes it more special to the wearer, but unfortunately when most jewelry purchasers place a value on a ring, they disregard the production value and base the their offer on the center diamond as they will usually remove the diamonds from the setting and melt it down to reuse in other jewelry. Worthy provides up to $100,000 in insurance coverage for every shipment. They’ve always been popular to mark special occasions. The exception to this are designer rings, which do have a secondary market and which can be sold as complete rings. Don’t fall into the trap of thinking you deserve a good price just because you paid a lot for the item or it has sentimental value. If you go through Abe Mor diamonds, they’ll handle the resale of your diamond and your setting. Started in 2011, they’ve sold over $20 million worth of items, and hold a BBB rating of an A+, with an average consumer rating of 4 out of 5 stars. Naturally, some pawnbrokers are more reputable than others – it’s always a good idea to check their Better Business Bureau rating or check for any reviews online. In case of a divorce, you should consult a divorce expert or attorney.

For another, something  of such value should be sold on sites that actively do a bit more to secure against fraud and secure your payments. Sierra Fein: “I recently used your services to sell an engagement and a gold wedding ring that I no longer needed after my divorce.When I was emotionally ready to sell these pieces, I went to my local jewelry store and was really disappointed with the small amount that they were willing to offer me as the resale vaue of my diamonds.

While you have the option of selling online or in person, in person appointment are limited to New York, London, Birmingham (UK) and Hong Kong. Avoid local jewelry stores and pawn shops. In a test by a diamond industry publication, one diamond was graded as G color by GIA and D by EGL Israel: The GIA has graded this diamond much more strictly and it is likely that this is a more accurate grade. This means that they need to charge more for their products to cover these. The price of gold doesn’t fluctuate significantly, so there is no benefit to waiting until the market rises.

Replacement values generally try to take into consideration market shifts in the diamond prices over time – it’s basically an estimation of how much the jewelry could cost in the future. Note: You can also sell your diamond and many other fine jewelry items to WP such as watches, necklaces, etc…. Second, they BUY DIRECT. You may choose to accept the offer. Be sure to tell UPS, FedEx, or the USPS what you’re shipping so you can properly insure the package. Specialized online engagement ring buyers, such as WP Diamonds, are one of the most popular and trusted options for selling engagement rings. On average, platinum is resold for the same price as gold.

It depends on your circumstances.

The resale process takes time but you can expect more cash than you would for the scrap metal. We Do All The Work - Once your item arrives at our offices, it is screened and put into our secure tracking system.

This is a keystroke program, meant to provide sensitive data from your computer. Most auction houses will give a free appraisal of the item you’re selling, but of course, it’s riskier to take their word for it as final instead of consulting multiple sources. Free prong tightening, repolishing, rhodium plating and cleaning every 6 months, One free resizing within the first year of purchase, High quality images of about half of their diamonds, 100% credit towards future upgrades (must be at least double in value). A specialized diamond buyer will know your ring’s value and pay a higher price. ALL RIGHTS RESERVEDMILLENNIAL MONEY® IS A REGISTERED TRADEMARK OF MILLENNIAL MONEY LLC. There are only two GIA locations in the country – in New York City and Carlsbad, Calif. – but if you don’t live in either area, you can send your diamond off in the mail. They also have the nicest collection of lab created diamonds online. One free resizing within 60 days of purchase, Best-in-class high quality imagery of all diamonds in stock. When the lab technicians finish the appraisal, you’ll be given an accurate report of the characteristics of your diamond: carat weight, diamond grade, clarity grade, polish, symmetry, and fluorescence. Yes! If you’re not sure how much your ring is worth, send the information (photos and certificates) to Abe Mor for an appraisal. This may sound far-fetched, but in e-commerce, it has and will continue to happen. It became apparent pretty quickly that the most common visitors to her blog were couples in the market for wedding and engagement rings. While this report is older, it doesn’t mean this doesn’t continue to happen. WP Diamonds is first in our list of best places to sell an engagement ring online. For the right piece of jewelry, worthy.com is a great option. A personal or less common choice in your ring design may mean that while it cost more to buy originally, it will likely be worth less than a simpler design when it comes to selling. Because of consumer demand, jewelry dealers and brokers will always be interested in buying used engagement rings – they know they stand a good chance of selling them on and making a profit. I'll admit to not knowing about WP Diamonds until I began looking for places to sell. This can lead to long wait times, so not a strong option if you are looking to sell quickly. Looking for the best place to sell a diamond ring? Conclusion: Which is the best way to sell a diamond ring? They’re often called ‘diamond dealers’ and are actually exactly the people that buy jewelry through Worthy. My tips for selling your ring. Selling an item (like a wedding ring or selling a diamond) on Worthy consists of five steps: Fees: Worthy does not charge anything up front. It has a similar feel to eBay since you can add your own pictures and descriptions.

Still, you want to make sure you’re selling to a reputable place. Jessica has had a change in life circumstances and is now looking to sell her sell her 6 month old VW Golf, which originally had a standard price of $25,000, with an extra $2,000 for maroon metallic paint that she added as it’s her favourite color. When singer and celebrity Mariah Carey got engaged to billionaire James Packer, the engagement ring was as in front and center as the engagement itself. Their team handles the retail process so you don’t need to spend time finding a buyer or pricing your designer ring. No one really wants to sell their engagement ring, and finding a place to sell it can be difficult and emotionally trying. In the U.S. alone, more than 2 million weddings take place each year – so it doesn’t seem like there’s anything to worry about on that front. As a result, you need to take care not to accept too low a price, but you certainly don’t need to worry about being unable to sell your engagement ring at all. If you haven’t started the divorce process yet, but you’re already thinking ahead to selling your ring, you might be concerned that you won’t even be eligible for the ring.

Ultimately, if you’re not sure about selling your ring, there are some alternative routes you could take. Instead, the resale value is the amount that someone will pay for the goods in their current state. $20,000 would therefore be the ‘replacement value’ for her car. Give their best price up front. When buying an engagement ring, the cost of production makes up a significant proportion of the cost. Receive an initial valuation via phone or email free of charge, Ship items via insured and free FedEx (or schedule an appointment). Regardless, by having a record of your engagement ring’s value, you will know whether or not you’re getting a good value for your sale. Most people need a serious incentive (low price) to buy a secondhand engagement ring, and the sentimental value isn’t going to do anything to change that.

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