How to Sell Your Diamond Engagement Ring

There are many reasons that a person may wish to sell their engagement rings. No matter why you are considering selling, there are many options for doing so. We reveal how to go about selling your ring and the places that will offer you the most.

Where Should You Sell Your Ring?

In order to get the most money for your engagement ring, you first must know what your options are. These include jewelers, pawn shops, and online markets.

Your local jeweler is likely to offer jewelry purchase services. However, since they have additional costs like staff and rent, you may not receive the amount you were hoping for. The same is true of a pawn shop; you will get money right away, but far less than even your local jeweler may offer.

Online auction sites may also get you money for your engagement ring, but unless you have either educated yourself on how to value jewelry or gotten your ring professionally appraised, the amount you get may come in well under your ring’s true value.

What’s the Best Way to Sell Your Engagement Ring?

When it comes to getting the most money for an engagement ring, the best way to do so is to find someone who buys diamonds online. This eliminates the need to travel from one physical location to another, trying to get the best deal. It also eliminates the hassle of haggling for the best price.

How to Sell Your Ring for the Highest Return

Getting the best price for your diamond ring involves a simple 3-step formula:

1. Collect your necessary information.
2. Get your engagement ring appraised.
3. Choose the best offer.

Collect information such as your purchase receipt, documentation about your ring’s metal, stone quality and size, and any lab reports. All of these will offer important information about how much to expect to get from your ring and can even improve your offer (if you have the grading certificate).

A professional appraisal will take the stone and setting’s carat weight and grade into account, as well as the color and clarity of the stone.

Your best offer will come from an experienced and established company that is BBB-accredited. Doing all of the above will get you the highest amount for your ring.

Choosing the Best Place to Sell Your Ring To

As mentioned previously, you could sell your engagement ring to an online auction site, but you may not get its full value unless you’ve completed  steps 1 and 2 above. Thankfully, there is another option to sell your ring online that will get a great value.

Diamonds USA is an online diamond buyer that provides you with a safe, simple and immediate way to get money for your engagement ring and other jewelry. Why do so many continue to choose us when they want to sell their engagement rings and other jewelry? Because we…

• Are A+ rated by the BBB
• Have earned 4.7 out of 5 Trustpilot stars
• Possess 15+ years experience
• Offer the highest price for jewelry, guaranteed
• Buy all kinds of jewelry, including scrap
• Can assay gold, silver, palladium and platinum
• Offer a 10% bonus if jewelry is sent to us within seven days
• Return your jewelry immediately, no questions asked, if you don’t accept our offer
• Offer insurance up to $100,000 on shipments sent to us
• Pay you within 24 hours
• Work with GIA-certified appraisers
• Provide a free and secure process

Diamonds USA gets your jewelry professionally appraised and sends your check or Paypal deposit within 24 hours. We can help you sell:

• Diamond rings with small center stones that are below .5 carats
• Engagement rings with small gemstones or diamonds
• Wedding rings with multiple small diamonds
• Other gemstones and gold, loose diamonds, silver jewelry, and coins

How to Sell Your Engagement Ring with Diamonds USA

It’s easy to sell your engagement ring at Diamonds USA. Here’s how to do it in three simple steps:

1. Visit our website and request your free appraisal kit. It includes a prepaid APPRAISAL KIT that’s insured against loss and damage up to $5,000. Additional insurance is available at no cost up to $100,000.00 USD.
2. Once your appraisal kit has been delivered, place your jewelry into the FedEx overnight mailer and return it to us. Remember, you get a 10% bonus if you send it to us within seven days!
3. Receive your offer and get paid in 24 hours or less.

Our company is family-owned and completely based in the USA. Our partnership with a refinery allows us to offer you prices for your unwanted engagement rings and other jewelry that would typically only be available to private companies.

We offer you more than just a higher price for your jewelry. We understand just how important each transaction is to you, so it’s equally important to us. That’s why we include a tracking number with every FedEx shipment.

You’ll be notified via text or email when your mailer has been scanned and received and will be alerted right away once it arrives. You’ll also receive a notification when your mailer has been appraised by our appraisal department.

Our customers also give us high ratings because of the stellar service they get from us. We encourage all our customers to ask questions, and we work overtime—literally—to ensure all of them are answered.

No matter whether you’re a first-time customer or have been doing business with us for years, you will never, ever be pressured to sell your diamonds or jewelry to us. If you don’t like the offer we provide you, all you have to do is let us know, and we will return your items right away, at no cost and with no questions asked.

How Much Is a Ring Worth and How Much Can You Sell Your Diamond Ring For?

The amount your engagement ring is worth really depends on several factors: the quality and purity of the metal it’s made of and the market value of that metal; the quality of the stone according to clarity, cut, color, and size; and whether or not it was made by a brand-name jeweler.

Appraising Your Ring

You will likely be able to get a no-cost appraisal of your engagement ring with a local jeweler. While it may not reflect your ring’s true value, it can give you an idea of the resale value of a diamond or how much you’d pay for it in a store. This kind of appraisal can also be useful for determining the replacement value of your engagement ring for insurance purposes.

However, If you want to know what your ring is worth in terms of true value, the best way to accomplish this is to obtain something called a certified lab report. Certified lab reports are only available from internationally recognized grading laboratories like The Gemological Institute of America.

How Much Your Gold Wedding Band with Small Diamonds or Small Engagement Ring Could Be Worth

Engagement and wedding rings having smaller stone settings may be appraised to be worth $1,000 or less. If you have rings that have small diamonds, selling them with Diamonds USA is the ideal option, as you can get your professional appraisal and your money in 24 hours or less, plus a bonus of 10% if you send it to us within seven days. A lot of online buyers will refuse stones that are under 1 carat, but Diamonds USA will purchase them.

What About the Ring Setting?

In addition to getting money for the diamonds or other precious stones in rings, your settings will also have value. However, the value of the setting will be determined by how much it weighs. As well, if your ring has stones at the side of the center stone (called melee diamonds) of high quality and which are .2 carats or less, these will add to the total offer you’ll receive for your ring.

Although it is rare, exceptionally large, high-quality, or brand-name center stones (Cartier, Tiffany, etc.) will be removed and repurposed, while the ring setting itself is melted down for scrap.

How Much Can You Sell a Diamond Wedding or Engagement Ring For?

Generally speaking, a gold engagement ring with a 1-carat diamond can fetch a price that’s between $1,000 and $10,000 if that diamond is highly graded in terms of setting, quality, and cut.

The metal in your ring is valued according to the current market rate. The same applies to its diamond.

Claim Your Free Appraisal Today

Diamonds USA is committed to top-quality appraisals that reflect the true value of your jewelry.  We invite you to request your complimentary appraisal kit by filling out the short form at our website. You’ll also receive a 10% bonus on your quote.