Whether you have been through a broken relationship or have inherited jewelry from a relative, selling an engagement ring may be difficult.
Selling your engagement ring should help another person purchase one, as well as generating some money for you. It’s a great chance to start fresh and introduce some positive vibes into your life. Even if you only make a few hundred dollars, it is still a significant number for most people. You don’t need to be a millionaire to make money from home.
Don’t just walk into a pawn shop. Before you visit the pawn shop or make a purchase, be sure to research its policies. A specialized diamond buyer will pay a higher price for your ring. They have experience in assessing the quality and rarity of diamonds so they can give you the best price for your ring. There are more modern ways to sell an engagement ring online.
We will review the best places to sell an engagement ring, diamond ring, or other fine estate jewelry. The value of the jewelry and the reputation of the buyer are some of the key factors that should be considered when selling your ring.
Best Places to Sell an Engagement Ring Online
The sites below match you with potential buyers quickly and safely. A secure payment system is provided to ensure the safest and most secure transaction for both buyers and sellers. The companies that make the process easy include free and insured shipping and do all the research.
Here are the best places to sell engagement rings online:
1. Worthy.com
Best Overall
You can trust Worthy to get you the most for your jewelry. We want our customers to have the best experience when selling their jewelry with us. Their expert gemologists evaluate your piece and hold an auction for their exclusive network of professional buyers who compete against each other, earning you the highest return possible. You can rest assured that your piece will be in good hands because the entire process is hassle-free and secure.
You can set the reserve price for the auction. Your account manager will help you understand what your piece is worth based on the evaluation. Your account manager can suggest various ways to sell your piece, such as online auction platforms, private sales, and more. You are in complete control and there is no risk.
You have to ship your jewelry to Worthy in order to partner with them. Once Worthy has received your jewelry, they will give you a cash offer. Many opt out of this great opportunity because they get worried. This idea of shipping your jewelry is not as crazy as it seems. It’s a great way to increase orders and expand your customer base.
Sending valuables in the mail can be worrying. That’s why they offer safe and insured shipping solutions. They make sure that the process of selling your diamond jewelry is seamless, taking all the necessary precautions for you to have peace of mind every step of the way. You can get a free evaluation of your items if you so desire. As soon as your piece arrives at their New York office, you will be notified. When your piece is shipped out of the New York office, you will be notified.
Worthy wants you to make more money because they want you to make more money. Worthy gives you up-to-date market information to ensure that you get the best price for your item. Worthy does take a success fee once your item sells:
- Jewelry up to $5,000: 18% commission
- $5,001 – $15,000: 14% commission
- $15,001 – $30,000: 12% commission
- $30,001+: 10% commission
How to sell your engagement ring on Worthy.com:
- Go to Worthy.com: Provide a few quick details about your ring (setting, diamond shape, diamond weight, color, and clarity if you know it) and basic contact information (your name, email, and phone number). Get an estimate of the market value. You can use the estimated market value to make decisions about your property. The whole process takes less than 3 minutes and there is no obligation to sell your ring. It’s a fast and easy way to get the most money for your ring without the hassle of dealing with buyers or middleman.
- Worthy will arrange for you to securely ship your jewelry. You will receive a tracking number once your item is shipped. You can choose to schedule a pickup, drop it off at a You can make an appointment at their NY office. If you want to make an appointment at their NY office, you can contact their customer service line. Worthy covers the shipping cost and protects it for $100,000. The best experience when selling jewelry is provided by Worthy. You don’t have to worry about packing materials if they send you a shipping kit. You can be sure that you’re getting the best deal because their shipping rates are very competitive.
- Once Worthy receives your jewelry, they will clean it, photograph it, and have it graded by an objective third-party lab. A no-obligation auction estimate of your item’s worth will be provided by Worthy’s experts. Your valuables cannot be sold for less than you are willing to sell them for, so you set a reserve price for the item. Worthy will help make a recommendation based on their appraisal and previous auctions, but the final number is up to you. It’s important to consider your own opinion before making a final decision.
- If your reserve price has been met, you will receive payment through your choice of bank transfer, or check. It’s not like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it You will get your money in 1-2 business days with PayPal.
Learn more:
- Read our full Worthy.com review
2. CashforDiamondsUSA and CashforGoldUSA
If you still want to make money from your ring, you may want to trade it in for cash. This is the most cost-effective way to turn your ring into cash.
Unlike visiting a pawnbroker in person, you can simply send off your jewelry in a mailer and wait for your check. You don’t have to leave your home to access cash.
The company that buys diamonds and gold is called CashforDiamondsUSA and CashforGoldUSA. Despite the rudimentary websites, they have a good reputation: a Better Business Bureau rating of B+ and have excelled in an undercover investigation by Fox News, which found that the sites paid out more than competitors. Their commitment to delivering a high level of customer service as well as their consistent A+ ratings from customers show their reputation for excellence.
They offer to return your jewelry for free, as well as ship it for free. You can shop with confidence if you have a satisfaction guarantee. What not to like? It’s a win-win situation.
How to sell your diamond ring on CashforDiamondsUSA:
- Go to CashforDiamondsUSA.com to request an appraisal kit.
- Your kit will include a FedEx label that will be used to send your ring for free via overnight service and will be insured for up to $5,000.
- Get an offer. Unlike Worthy, there is no auction – CashforDiamonds buys your item. You can be sure that your item will be handled with care, because we offer a secure and trustworthy service. Once they receive your diamond ring, it will be evaluated and appraise, and then the company will make you an offer. The offer will be based on the market value of the diamond ring.
- You will get paid within 24 hours if you accept. You will be paid promptly once you submit your invoice for the job. If you don’t, your ring will be returned to you. If you don’t provide proof of ownership, your ring won’t be returned to you.
3. ABE MOR
ABE MOR is a family-owned business, located in Manhattan’s The Diamond District has been around for over 50 years. They have created an online buying process that will allow people to sell diamond jewelry from all over the world. They want to provide a secure, efficient and trustworthy platform for people to buy and sell diamond jewelry. One of the fastest, most fair, and most secure jewelry buyers online is ABE MOR. Excellent service has been provided to customers by Abe Mor for over 20 years.
Once you fill out a basic form on the ABE MOR website with the details of your diamond, a specialist will reach out to you within 1 business day with details to ship your ring fully insured, for free, to their facility. A safe and secure way to check the authenticity of your diamond is offered by them. You will get a very fair offer, which can be accepted and paid out within a day.
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4. CIRCA
CIRCA, fka Mondiamo is a site set up to sell diamonds, luxury jewelry, and watches. The highest payouts for your items are offered by CIRCA.
Information about your ring will be asked when you create an account. When you create an account, CIRCA will ask for information about your ring and give you a valuation to determine its worth. It is important to know as much as possible about your ring. It’s important that you have the right information when buying a diamond ring. When CIRCA receives and examines your ring, your quote will be revised either up or down. Within 48 hours of submitting your ring, you will receive your revised quote.
If you don’t like the final offer, you can get the ring back free of cost. CIRCA is a safe and secure way to sell jewelry.
You can meet with a diamond specialist in person at one of the 14 physical offices that CIRCA has. Customers can browse and purchase diamonds in person with the assistance of a diamond specialist, thanks to the physical offices.
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5. I Do Now I Don’t
Another option, especially for diamond jewelry, is I Do Now I There is a website for luxury recycled items. Don’t is a one-stop shop for sustainable luxury. It feels like eBay since you can add your own pictures and descriptions.
You will not be dealing with your customers directly. It is important to have a reliable customer service system in place. The site handles both money and shipping. The site takes care of the exchange of payment and goods, so customers don’t need to worry about it.
There are 20 percent of items that sell for between $500 and $5,000, and 15 percent that sell for between $10,000 and $50,000. The site takes a 15 percent commission on sales. It is important to factor in the commission when setting prices because this can cut into a seller’s profits.
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6. WP Diamond
WP Diamond is a fast and secureway to sell your old engagement ring. WP Diamonds offers a free, no-obligation appraisal for your ring so you can get the best price for it. If you have a luxury watch laying around, they will buy that as well.
Like other online jewelry buyers, the process to get a quote and sell is similar. It is an efficient and hassle-free way to sell your jewelry. After filling out the information form, you will receive an initial cash offer. If you want to proceed, you can send your diamond ring to their facility for a final appraisal. Once your diamond ring arrives at their facility, their team of experts will evaluate it and give a final appraisal.
This is not an obligation. You don’t have to worry about repercussions if you withdraw your application at any stage of the process. DW Diamond will return your ring free of charge if you reject their offer. No other jeweler can match the satisfaction guarantee offered by DW Diamond. Payment will be made within 24 hours if you accept their offer. Before agreeing to any terms, be sure to read through the contract carefully.
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What’s the Best Way to Sell an Engagement Ring?
The best places to sell an engagement ring are:
Online
Finding a diamond buyer online is the fastest and easiest way to sell your ring. It is important to research diamond buyers in order to get the best price. You could earn more in a specialized auction house with the right clientele, but if you want the ring to sell quickly and for a reasonable profit, you can do that online. You can save time and money by selling online, as there are no costs associated with setting up an auction.
Platforms like Craigslist, Facebook Marketplace, and eBay may come to mind, which are great to make money fast.
You have to deal with people who are looking for a bargain, shoppers who don’t know the value of your diamond engagement ring, and amateur gemologists who don’t know the fair price for your ring. It can be difficult to sell a diamond engagement ring online. You may have to hire an expert to do it. It’s important to do your research when looking for an appraiser, as prices and services vary widely.
To sell the ring, you might have to meet people you don’t know in strange places, or have people come over to your home. Appropriate safety precautions should be taken when selling a ring. It is odd when you are selling something less valuable. When you’re selling a car or a boat, it becomes even more strange. You could be asking for trouble if you sell something worth thousands of dollars. Extra precautions should be taken to ensure the safety of both buyer and seller.
You’ll do better to stay off these sites and find online marketplaces that specialize in jewelry.
A Local Independent Jeweler
An independent jeweler is a sales route. You can find a store in your town. The Diamond District in Midtown Manhattan has a lot of choices. You can shop online for diamonds. Los Angeles and Philadelphia have jewelry districts. Philadelphia and Los Angeles have a wide variety of stunning jewelry pieces.
Smaller towns might only have one or two good choices. These choices are usually great quality. In most cases, independent jewelers are a better choice than chain stores in the mall. It’s not like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it
If you’re looking for a jeweler that can do an in-house appraisal and assign a value, look for one that has evaluators trained by the Gemological Institute of America. A detailed report that identifies the qualities of the gemstones and assigns an accurate value can be provided by a trained appraiser. A general idea is what you would get from this appraisal.
The appraisal will cost between $75 to $150 an hour. Some jewelers offer the service for free, but they are not likely to be certified appraisers. It is important to be aware of any biases when having a piece appraised.
At the end of your visit, the jeweler may offer to act as a broker for you, but you will have to pay a commission. It is important to be aware of the costs associated with using a broker so that you can make an informed decision. Consignment shops that sell diamond rings or loose diamonds on behalf of their owners can be found at some stores. Consignment shops can be used to find unique diamond pieces.
You may be offered a price to buy the ring at the store. If you don’t like the price, you can always try to get a better deal. It is up to you. You can either sell the ring right away or wait for a higher price. If you want to get an accurate estimate of its value, you could take it to a jewelry appraiser.
A Vintage Jewelry Store
There is a vintage jewelry store. Antique markets have unique and one-of-a-kind pieces of vintage jewelry. An expert at a vintage store should be able to estimate the value of your ring. Taking care of your antique jewelry can be done by an independent jeweler or a vintage store. The process is the same for both types of shops. The basic principles of running a shop are the same.
If you have time, it is a good idea to get a few different opinions on the value of your ring. You can get a professional opinion on the value of your ring from a jeweler. It’s a good idea to visit a jeweler and a vintage shop. You will be able to compare prices if you visit both.
An Auction
If you find visiting so many dealers and experts exhausting, you could try an auction. Online auctions are a great way to save time and money when shopping for antiques, so if you’re feeling overwhelmed by the traditional approach, it may be worth considering.
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.
Pick an auction house that will take the ring to a jeweler for you. You can get a written appraisal of the ring from the auction house. (This almost always incurs an extra fee, but decreases the size of your to-do list.)
An auction house will take a commission from your sale. It is important to factor this commission into your pricing strategy. You will also get insurance and product photography. You can use these services to make your business more profitable.
A Broker or Re-seller
You could go directly to a jewelry broker, otherwise known as jewelry re-sellers, just as some independent jewelers may offer to act as brokers for you.
You will pay a commission on the sale if the broker takes care of the selling process for you.
The process could be finished quickly. If you break it down into smaller tasks, you can have the perfect workspace in no time. Before you walk in the door, most brokers already have buyers in mind. It is important to have your finances in order and be prepared to make an offer before entering the broker’s office. Whether that is another store or a private client, it is just a matter of finding the right buyer. The seller needs to be patient and willing to negotiate in order to get the best deal.
Pawnbroker
Pawnbrokers aren’t known for providing the best prices, but if speed is your priority, then a pawnbroker could help you make cash today. Pawnbrokers are a great way to make a quick sale.
It is always a good idea to check the Better Business Bureau rating of a pawnbroker.
Pawnbrokers won’t provide your best offer if you’re willing to negotiate, so you might end up with a decent price. Pawnbrokers are in the business of making a profit, so their offers will be lower than what you could get elsewhere. If you want to know the ring’s retail value, try to walk into a pawnshop. It is a good idea to do some research on the pawnshop to make sure you are getting the best deal. You will have a reference point in your negotiations. It’s important to research the market value for the item you are looking to buy or sell so that you can make an informed decision.
Resale Value of Diamonds
Diamonds are timeless. They have always been popular to mark special occasions. The tradition of giving a bouquet of flowers to someone special has been around for centuries. Diamonds are becoming more popular than ever, thanks to increased demand in countries like China and India, so it shouldn’t be hard to sell them.
Unlike precious metals, new diamonds are not liquid assets. Diamonds can maintain their value for many years with proper care.
If it is a sentimental item that has been passed down in the family, your diamond price may be less than you thought. It is important to understand the true market value of the stone before making any decisions, even if the diamond has a sentimental value to you. It could be that it is not a diamond at all. It is important to have a gemologist look at the stone before buying it.
It is more difficult to estimate the value of a diamond than it is to estimate the value of gold. The value of diamonds is determined by a number of factors, such as clarity, carat weight, color, and cut.
Most people think that a higher carat weight means a higher diamond value. Someone will pay you for your diamond. The value of your diamond depends on a variety of factors.
Qualities that Determine The Value of a Diamond
- The only objective characteristic of a diamond is the carats, which are a way of measuring weight. The higher the diamond’s weight, the more expensive it is.
- Green, red, blue, and even black are some of the colors of diamonds. The majority of diamonds are either white or yellow in color. Pink, blue, and even black are some of the colors of diamonds. The colors are measured on a scale from D to Z. The scale does not measure clarity or weight.
- A diamond with greater clarity has less flaws and is more valuable. When assessing the value of a diamond, it’s important to keep in mind this. The clarity of a diamond is measured in 11 grades with five categories. The more valuable and rare a diamond is, the higher the clarity grade is. The EGL Gemological Report, in NYC’s A standard report is provided by Diamond District. A range of services are offered by Diamond District.
- The cut of the diamond is all about the finish. The cut of a diamond affects how much brilliance it can produce. A diamond cutter tries to highlight its beauty and shine during the cutting process. The skill of the diamond cutter is important to ensure that the final product is of the highest quality.
- Polish, symmetry, proportion, and shape all come under the umbrella of cut and impact the overall diamond grade. The elements are assessed on a scale that contributes to the diamond’s final grade. The scale for cut is between excellent and poor. Even a diamond with the lowest cut grade of poor can still be beautiful and sparkle if it is cut in the right proportions.
- Diamonds emit blue light when exposed to UV rays. Under a blacklight, this blue light is visible. It is a small detail that some people like and others don’t, but it is good to be aware of.
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FAQs on How to Sell an Engagement Ring
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 If you can remove the diamond from the rest of the ring, this is possible. It is important to remember that some diamonds may be difficult or impossible to remove from the ring without damaging them if you are trying to determine the authenticity of a diamond.
In New York City and Carlsbad, Calif., there are two GIA locations. There are educational services offered by the New York City and Carlsbad facilities. If you don’t live in either area, you can send your diamond in the mail. You can contact a qualified person in your area to evaluate the diamond. To make sure the package is properly insured, be sure to tell the shipping companies what you are shipping. You may want to get a tracking number for your package so you can keep an eye on it.
If you are going to visit a diamond laboratory, you will need to prove your identity. Bring a valid form of identification such as a driver’s license or passport.
The appraisal fees are dependent on the carats of the diamond, but you can expect to pay about $200 for the entire process. The purchase price may be higher than the appraised value of the diamond. The report of the characteristics of your diamond will be given when the lab technicians finish the appraisal. The report will give you all the information you need to make an informed decision.
You can use the Rapaport Price List to get an estimate of how much the diamond is worth. The Rapaport Price List can be used to compare the prices of diamonds from different vendors. Since many buyers will be hoping to sell the ring for a profit, you are likely to receive an offer for less. It is important to remember that the value of a diamond is determined by both market conditions and demand.
How can I check if a diamond is real?
If you have doubts about whether your diamond is real, you should not go to Tiffany and Co. One of the other options is to get a certificate of authenticity from an accredited appraiser. There are a few ways to find out at home. If you’re short on time, one of the best ways to find out a home’s value is by researching recent sales prices for similar homes in the same neighborhood.
Dropping the diamond into a glass of water is the easiest way to check it out. It’s a fake if the diamond sinks or floats. If it sinks to the bottom, it is probably real, and if it floats, it is a fake.
You would need to remove the diamond from the ring to perform the test. Don’t try this test if you can’t remove the diamond without damaging the ring. It is a good idea to take the ring to a professional jeweler.
You could use a magnifying glass. It’s often easier to detect subtle differences in small print or engraving that aren’t visible to the naked eye, so a magnifying glass can be used to identify counterfeit items. It might sound counter productive, but the presence of flaws is a good thing. We can recognize the beauty of natural stones, rather than settle for something that is too perfect to be true, if we appreciate the complexity of flawed diamonds.
For around 45 seconds, you could hold the diamond above a small flame and then drop it into a glass of ice water. The diamond should become noticeably colder when you do this. A fake diamond is more likely to break than a real diamond. Real diamonds are very durable and can last a long time. This isn’t the right test to perform if you want to keep your ring.
How much is a 1-carat diamond worth?
A range of rings could have different values. The quality and type of metal, the color and clarity of the diamond, as well as any additional features or added stones can affect the value of a 1-carat ring. The number of carats is not the most important factor. The clarity and quality of the diamond should also be considered. Cut and clarity matter a lot. An effective image can be created by the overall composition. An average 1-carat ring costs between $1,000 and $5,000. You may need to spend more for something more luxurious.
Can I sell the ring setting, too?
Even if the jewelry buyer plans to break the ring apart later, you can still sell the diamond and setting at the same time. It is important to get a fair price for the diamond and setting before you complete the sale. The setting will not be as valuable as it was originally purchased for. The setting has gone down quickly. Most professional jewelers melt bands and settings down to scrap gold or simple precious metal.
ABE MOR has great prices for both diamonds and settings. At ABE MOR, you can be sure that you are getting the best value for your money.
Should I sell my engagement ring?
If the ring is an heirloom or an inheritance, you may feel guilty about letting it go. This is understandable, as the ring may have sentimental value for your family and you may not want to part with it. It might be easier to sell after a divorce or broken engagement, but you may not want to give the ring to your children. It can be difficult to decide what to do with a sentimental item that has a lot of memories.
Only you know what’s right with this decision. No one else can make this decision for you, so trust your instincts. If you aren’t sure about selling your ring, there are other routes you could take. You can either give the ring to a family member or donate it to charity.
You could re-purpose your ring into another piece of jewelry. If your children want the ring, you could keep it. It is possible to pass down a family heirloom such as an engagement ring.
Who gets the engagement ring after a divorce?
You might be concerned that you won’t be eligible for the ring if you don’t start the divorce process yet. Many jewelers are happy to purchase rings from couples who aren’t married or who are in the process of getting divorced. The recipient of a wedding or engagement ring has the right to keep it. Unless both parties agree to do so, the ring should not be returned. To keep or to sell, your ring is yours. It’s up to you what to do with it.
Can you sell your engagement ring?
There is not going to be a shortage of demand for engagement rings in the foreseeable future. Couples around the world are increasingly investing in quality rings to commemorate their special day and symbolize their love. In the U.S. More than 2 million weddings take place each year, so it doesn’t seem like there’s anything to worry about.
Many people would prefer to buy a new ring, but for those looking to cut costs, a second-hand engagement ring is an attractive prospect. The cost savings of buying a second-hand engagement ring can make it an appealing option for couples on a budget. It makes financial sense that buyers can enjoy huge savings this way. Many of the items purchased in this way are brand new, so customers don’t have to worry about compromising on quality. Some people like vintage rings. Adding vintage rings to an engagement or wedding ring set is a great idea.
Because of consumer demand, jewelry dealers and brokers will always be interested in buying used engagement rings and selling them for a profit. They are able to assess the value of a used ring quickly and easily.
You don’t need to worry about being unable to sell your engagement ring because you don’t need to take care not to accept too low a price. Even if it is a second-hand ring, you can still get a fair price for it.
How much can you sell an engagement ring for?
It is possible to sell your wedding ring for 20 to 50 percent of its original price. There is one main reason why people choose to buy a ring secondhand, and that is to get a significant discount compared to a new ring. Buying a secondhand ring is an eco-friendly choice, helping to reduce the environmental impact of the jewellery industry.
You can’t expect to get close to the original price of a brand new ring, no matter how good a condition it is. Before buying a used engagement ring, it is a good idea to research and compare prices. If you sell the ring to a broker or retailer, they will expect to make a lot of money by buying low and selling high.
The amount you can expect depends on the ring you have. A proper appraisal will give you the information you need to set a fair price and insist on your best offer. Your offer should be based on the value of the home, not what you are willing to pay.
Where can I sell my engagement ring for the most money?
The best place to sell an engagement ring is dependent on its type. It is important to consider the current market value of the ring when buying or selling it. If you have a rare or unique ring design, you can sell it at an auction or through a vintage jewelry store. Before you attempt to sell it, you should do your research so that you can get the best price. If you have a beautiful diamond with a less desirable band, you may be better off with a diamond specialist who will disassemble the ring and reuse the parts for other jewelry. If your diamond specialist can reuse the metal from the original band, they may be able to offer a discount on their services.
It is possible to check out several different selling options and compare prices. You don’t have to worry about getting multiple quotes if you choose the place where you can sell the ring for the most money.
Should You Sell Your Engagement Ring?
We think that selling your engagement ring is a great way to make some money and not feel guilty about it. A simple and secure process can be done online.
Why don’t you take advantage of something you have lying around the house? It is possible to create something that is both beautiful and useful by taking something out of storage.
Sell some items around your house that you don’t use while you’re at it. It’s possible to make some extra money to put towards a fun activity or purchase you want. You can improve your mental health by decluttering. Valuable space in your home can be freed up if you identify items that you no longer need or use. You can sell anything online. Signing up for an online marketplace like eBay or Amazon is a great way to start.
Check out today’s best selling apps to declutter your home and turn your old stuff into money you can invest.
