Category Archives: Sell Diamond Rings

Diamond Wedding Bands – Guide to Buying and Selling Diamond Bands

Posted on Jul 29,2014

There is perhaps no other piece of jewelry that will hold as much importance to you as your wedding ring. It is something that both you and your spouse will likely wear for the rest of your lives. As such, it should not only carry a design that you love but it should also be able to withstand daily use. Choosing wedding bands for your special day should be a mutual decision between you and your spouse. While you can choose different styles for your wedding bands, it is still recommended that you choose them together to make the bands even more special.

Guide to Buying Diamond Bands

Diamond wedding bands are a very popular option, especially among women. But many men are also choosing to have their wedding bands embedded with diamonds. A diamond wedding band can provide a sparkly backdrop for your engagement ring. A pave wedding band, for instance, can add more emphasis to the center stone on your engagement ring. If you have your heart set on a diamond wedding band for your special day, these useful guidelines will certainly help you when you start shopping around for the perfect diamond wedding band:

Choosing the Metal

Modern wedding bands come in a wide array of metals. While the most common options are gold and platinum, many other options are available in the market that suits different styles and budgets.

For instance, titanium is slowly gaining popularity among many couples. While an unlikely option for wedding bands, titanium is a durable and aesthetically pleasing material for rings. It is resistant to scratches and can withstand wear and tear from daily use.

Of course, traditional options like white gold, yellow gold, and platinum will never go out of style. For gold wedding bands, 18 carats and below is recommended because anything above 18 carats tend to be too soft for daily use and is prone to scratches (e.g. 22 carat gold).

Platinum remains to be a prime option for many couples. While much more expensive than gold, platinum is prized for its durability.

Other options for metals used in wedding bands include palladium (notable for its similarities with platinum and its cheaper price), zirconium, tungsten carbide, and of course, rose gold.

Choosing the Style and Setting

When choosing a diamond wedding band for women, make sure to consider the style of your engagement ring. Some couples choose to buy the engagement ring and wedding band as a set to ensure similarity in style, setting, and material but this isn’t necessary especially if the engagement ring is intended to be a surprise.

Since the engagement ring and wedding band are traditionally worn on the same finger, you might want to consider a curved diamond wedding band. Curved diamond wedding bands give extra space for the central diamond on the engagement ring. This is a good option not only in terms of aesthetics but especially comfort.

The setting is one of the most important aspects to consider when choosing diamond wedding bands. Since you are going to wear your wedding band everyday, you have to make sure that the setting offers security for the diamonds and comfort for the wearer. Popular options include pave, bezel, channel, and prong.

Choosing a prong setting for a diamond wedding band ensures safety for the diamonds but may pose some inconveniences for daily use (e.g. the stones are more likely to get caught on clothes and other materials). The pave setting is perhaps the most superior when it comes to aesthetics, as the diamonds appear as if they are floating on the surface. The bezel and channel setting, on the other hand, offer both comfort and added security for the stones.

Setting is purely subjective so you should go for the setting that best suits your personal style.

Choosing the Stones

Since diamond wedding bands carry very small stones, you can get lower grade stones without having to sacrifice how it looks. Most stones used for wedding bands are round brilliant cuts and princess cuts because they offer the best fire and brilliance but there are also some diamond wedding bands that feature unique diamond shapes like emerald, pear, asscher cut, and heart. However, since these shapes are not commonly found, you may choose to have your diamond wedding band custom made to include your preferred diamond shape.

Guide to Selling Diamond Wedding Bands

Many people choose to eventually sell their diamond wedding bands for various reasons. If, for whatever reason, you are in the process of selling your diamond wedding band, the following tips will help you ensure that you get the best price for your ring:

Have it Appraised

There are several factors that can affect the selling value of your wedding band. This includes the style, number and quality of stones, and the type of metal. If you are unsure about the current value of your wedding band, it is best if you have it appraised beforehand. Knowing the appraisal value of your wedding band will not only ensure that you get a fair price when you sell but will also help you set realistic expectations for the price. You can have it appraised by a local jeweler or a pawnshop for easier access.

Have it Cleaned Before Selling

Before selling any piece of jewelry, it is best if you have it professionally cleaned beforehand. Go to your trusted jeweler and have it cleaned. If you have a white gold wedding band, you might want to have the surface of the metal plated with rhodium to get rid of scratches and other imperfections. Most white gold bands are coated with other metals like rhodium to enhance their durability and appearance.  The diamonds will also be cleaned to give them optimum sparkle and brilliance.

Consider Selling Online

When selling diamond wedding bands, it might not be such a good idea to sell to an individual especially since many consumers would not want to buy a used wedding band. This is why most people who sell their wedding bands opt to sell to jewelers that buy used diamond jewelry or pawnshops. If you want a relatively hassle-free selling experience, you might want to consider selling your ring online. Online diamond buyers are perfect because they offer some of the highest prices for second-hand jewelry and they can also offer you the privacy you need since you won’t have to meet with them in person and the entire selling process is accomplished online.

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Who Buys Diamonds? Finding the Best Diamond Buyer

Posted on May 27,2014

If you have some diamond jewelry that you don’t use anymore and that you would like to get rid of, selling them can be very profitable if you find the right buyer. However, despite the abundance of pawnshops and jewelers that buy diamonds, getting the best price for your diamond isn’t always easy especially for smaller and lower grade stones. If you have a good stone, then you’ll have more reason to want to get the most money for it when you sell.

For first time sellers of diamonds, finding the best diamond buyer can be a daunting task especially if you don’t know where to look.

cushion cut solitaireSo who buys diamonds?

Before the Internet, when people want to sell old jewelry, the choices were limited to individual buyers, local pawnshops, and jewelers. While these used to be good options, they do present several challenges that limit your chances of getting a fair price for your diamonds. Finding individual buyers can be difficult and unless you knew someone in particular who is interested in the diamond that you are selling, you’ll likely have to deal with manually advertising your diamond. Pawnshops, while readily available, don’t always offer fair prices for diamond jewelry.

The advent of the Internet has given individual sellers access to a bigger market; the market includes online diamond buyers who are primarily involved in the business of buying and selling diamonds.

Online diamond buyers usually have access to diamond capitals and since they operate primarily online (except for their main headquarters), not only can they offer more expertise in the area of diamond valuations but they are also able to offer better prices because they don’t have to maintain many small physical locations in several areas unlike pawnshops and jewelers.

Finding the Best Diamond Buyer

Finding the best online diamond buyer is just a matter of doing your research properly. Most reputable online diamond buyers offer fair prices for diamonds (large and small alike) but if you really want to get the best price for your diamonds, you can look at several online diamond buyers and have them appraise your diamond so you can get an idea of how much each one is willing to offer for your piece.

If you’re in a bit of a rush, you can use their instant valuation or appraisal service and then send in your diamond if you think you like their price offer. However, the accuracy of their price quote is highly dependent on how accurate you describe your diamond to them, which is why it is better to do this if you have a good idea of your diamond’s value.

A good method in finding the best diamond buyer if you’re in a rush is to get an appraisal from a pawnshop beforehand just to get an idea of your diamond’s value and then get an instant appraisal from several online diamond buyers so you know if the price offer is fair or not. It is worth noting, however, that not all online diamond buyers have an instant appraisal or instant quote service as some would prefer to see the diamond first before offering a price for it.

Most diamond buyers will offer to return your diamond to you free of charge if you’re not satisfied with their price offer so you won’t have to worry about getting your item back.

If you’re in no particular rush to sell, it is recommended that you send in your diamond to the online diamond buyer or several buyers so that you can get an accurate, final price offer for your diamond and so that you can narrow down your options and choose the best one with the highest price offer.

For more information on online diamond buyers, you can view our online reviews here. If you end up selling online, make sure you come back and leave a review!

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How to Sell a Diamond Ring to a Pawnshop

Posted on May 13,2014

Pawnshops are a great venue to earn some extra money. Whether you have an emergency to take care or you want to use the money for leisure, selling old items to a pawnshop is a viable way to earn some extra cash. Pawnshops generally buy all sorts of items from antique furniture to gadgets but most pawnshops deal in jewelry so if you have an old piece of jewelry that you don’t use anymore or you want to sell something valuable like a diamond ring to take care of other expenses, a pawnshop can offer you cash in exchange. However, when selling expensive items like diamond rings and other valuable jewelry pieces, you can’t always expect to get top dollar from a pawnshop if you don’t know how to go about the process. It’s helpful if you know how pawnshops operate so you can earn a decent amount from the transaction.

If you’re set on selling your old diamond ring to a local pawnshop, you might want to consider following these tips on how to sell your diamond ring:

 Know the Value of Your Diamond

While it’s difficult to tell exactly how much a diamond is worth, knowing the retail value can help you set price standards when selling to establishments like pawnshops. It helps if you know your diamond’s value in terms of cut, carat, clarity, and color as well as its original retail value. You can have it valued by a professional diamond appraiser but since their expertise can cost a lot of money, you can ask a quote directly from a pawnshop while keeping your diamond’s value in mind to get an idea of how much they are willing to pay for the item.

Do Your Own Research

Knowing the current market value of gold and diamonds will make it easier for you to set price standards when selling to pawnshops. Pawnshops do pay higher amounts when the price of gold and diamonds are high so it’s best to research on your own so you can make an informed decision.

Have it Appraised by Several Pawnshops

Visit several pawnshops and have each one appraise the value of your diamond ring so that you can compare offers. It’s always best to have several options as your chances of getting a good price in exchange for your item is always higher if you compare several establishments.

Negotiate

Remember pawnshop prices aren’t fixed so you can always negotiate especially if your diamond is of high value. But even if it’s of a smaller size and lower grade, you can always negotiate to raise the price even by a little bit or by a significant amount depending on your negotiating skills.

Make it clear that you want to sell

Pawnshops can pay as much as 20% more if your intention is to sell and not just get a loan. A lot of people use pawnshops to get loans and use valuable items like jewelry as collateral but if your intended purpose is to really sell your diamond ring, then don’t opt for the loan option. Pawnshops pay higher for individuals who want to sell because they can immediately resell the item as opposed to loans where they have to hold on to the item for as long as 60 days (if they don’t receive any payments).

Be aware of their pricing

For valuable pieces like diamond rings, pawnshops usually offer based on the current rappaport value of diamonds. If you have an item of high value such as stones bigger than a carat or a diamond ring from a high-end jeweler, you can expect to get as much as 70% to 85% of the item’s retail value if you sell to a pawnshop. However, they usually offer lower prices for smaller stones. Educating yourself about pawnshop pricing will not only make it easier to determine if the price is fair or not but it will also help set expectations about how much you can earn if you sell your diamond ring to a pawnshop.

Want a place that pays more than a Pawnshop?

Get a price quote from one of the online diamond buyers on our website.  Most offer matching on any local offers, plus they have the ability to pay more since they have considerably less overhead than pawnshops.  Give a couple of our listed companies a call and see what they can do for you!

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Black Diamond Rings – Value, Grading, and How to Buy

Posted on May 05,2014

While black diamonds used to be comparably cheaper than colorless diamonds, their prices have increased in the past years due to the increasing demand for black diamond jewelry. Black diamond engagement rings are becoming a popular choice for many people as a unique alternative to traditional flawless diamonds found on most rings.

If you’re thinking of purchasing a black diamond ring, one important factor to keep in mind is that most black diamonds used in jewelry are not naturally black. Low-color stones are usually used and are treated to turn the color black, either through irradiation or heat treatment. Since they are not naturally black, you can expect their prices to be lower than a colorless diamond in the same size.

Natural black diamonds usually come in blocks called carbonados. They have a different composition compared to colorless diamonds because they don’t reflect light; they absorb it. They are also porous and are usually very small in size. If you ever see a large black diamond, it is not just made up of one crystal but millions of crystals stuck together. As such, they are difficult to cut for jewelry making.

How to Know If a Black Diamond is Natural or Treated

Most black diamonds sold in the market are treated through irradiation. Natural black diamonds are very expensive because they are only found in two places (Africa and Brazil). Since they are very difficult to cut and polish, you can expect to pay quite a hefty amount of cash for a natural black diamond, especially if cut for jewelry use.

When you buy a treated black diamond ring or any black diamond jewelry, it should come with a lab certificate stating that it was treated. If you want to be able to examine a black diamond to know if it is treated, you can place it under a fiber optic light and observe the diamond. If you see that it is a dark shade of green, then it is most definitely treated through irradiation. Most natural black diamonds appear to have dark brown edges under a fiber optic light.

 Black Diamond Grading

Black diamonds are not graded in the same manner as colorless diamonds. The GIA does not issue a normal certificate for black diamonds; they only issue a Colored Diamond Identification and Origin Report (CDIOR). The CDIOR indicates the color grade and color origin (whether it is natural or treated), carat weight, and a diagram of its clarity.   Black diamonds are usually harder and denser than colorless diamonds so you should expect a 1-carat black diamond to be smaller than a 1-carat colorless diamond.

Buying a Natural Black Diamond

Untreated diamonds are called “Fancy Black”. If you’re in the market for a natural black diamond, it’s useful to know the terminology and grading system used. Since most black diamonds in the market are treated, if you’re expecting a natural black diamond it’s best to buy one with a CDIOR from the GIA.

Natural black diamonds are certainly very expensive; a 0.47-carat stone can cost you more than USD2,000 without the setting so expect more for larger diamonds. You can find several suppliers and jewelers that offer natural black diamonds online; some also offer GIA reports so you can be assured of its authenticity.

When buying a black diamond ring or any black diamond jewelry, make sure to do as much research on the stone first. Since most information on diamonds is about colorless diamonds, it’s useful to find out as much as you can about the qualities of a black diamond.

If you can’t find a natural black diamond that fits your price range, you can get a treated stone instead. Since they are easier to cut, you’ll find more options. Treated black diamonds can be just as beautiful in the right cut and setting and there’s an abundance of them too so prices are more reasonable, whether online or in retail jewelry chains.

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Where Can I Sell My Diamond Ring for Cash

Posted on Apr 30,2014

It’s fairly common for people to sell diamond rings when they don’t use it anymore or when they are in need of some extra cash. Many people are doing it, especially those who have just been recently divorced and are ready to move on. If you’re thinking of selling a diamond ring, you’re probably wondering which venues are available to you. There are several buyers that you can explore but not all of them will pay top dollar, especially if your diamond ring is not of the rare variety. Below are a few options that you can explore if you’re looking for a buyer for your diamond ring:

Pawnshop

Pawnshops are the most common option especially for those who are in immediate need of cash. While pawnshops are certainly the most accessible option, as they are everywhere, they’re not always the best option profit-wise so unless you’re looking to take out a quick loan and you’re just using your ring as collateral, it might be better to look for other venues.

Local Jeweler

You might have noticed that a lot of local jewelers are also buying old diamond jewelry aside from precious metals. This is because the demand for diamonds has significantly increased in recent years especially for the middle class market so some local jewelers started buying from the public, as the wholesale supply can’t always keep up with the demand especially with the rising demand in other countries as well. So there are two ways to go about selling your diamond ring to a local jeweler: either you sell it directly to them if the option is available or you can sell it on consignment. If you sell it on consignment, you’ll just be charged a consignment fee once the ring is sold and in the event that it is isn’t sold, you can just get it back. Consignment may be the better option if you’re in no particular hurry, as you can at least set your own price for your diamond ring.

Online Diamond Buyer

Online diamond buyers are highly preferred by a lot of individual sellers because the process is quick and convenient and they usually pay more than pawnshops and jewelers because they don’t have to spend too much on overhead costs of maintaining several brick and mortar establishments. When choosing an online diamond buyer, it’s best to stick to reputable companies that are accredited and rated by the Better Business Bureau to ensure your safety and give you peace of mind especially since you’ll have to send in your diamond for valuation. It’s best to also do your own research and look up reviews of several online diamond buying sites. While you can’t expect to get 100% of the appraised value of your diamond, you’ll definitely get a better price from a reputable online diamond buyer than anywhere else.

When selling a diamond ring, be sure to set realistic expectations. You can’t expect to get the full price you paid for it because you have to take into account that jewelers usually add a lot of value to a diamond when they sell it to the public.

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How to Sell a Diamond Ring for the Most Money

Posted on Apr 25,2014

Selling old jewelry is a good way to make some extra money. Whether it’s to pay the bills or fund a vacation, if you have old jewelry tucked in your jewelry box that you don’t use anymore, you can turn them into cash instantly. If you’re selling a valuable item like a diamond ring, you’d of course want to earn as much as you can when you sell the item. Wondering how you can sell your diamond ring for the most money? Read on.

Get Several Appraisals

You can easily get an appraisal from a pawnbroker or an online diamond buyer without committing to a transaction. This is the cheapest way to find out how much your diamond is worth. Of course, it would be ideal if you have a jeweler’s certificate or a GIA certificate but not all diamonds come with such documents. You can also get a formal assessment of your diamond by a gemologist but this service will cost you money so unless you have a very valuable stone and you’re willing to pay for the extra cost of appraisal, the best option would be to go to several pawnshops and get a general idea of how much your diamond ring is worth.

Know Your Options

There are several options for individuals who want to sell their old jewelry. The pawnshop is the most common option, as it is the most accessible but not necessarily the most profitable. In fact, pawnshops don’t pay as much for diamond rings compared to other buyers.

Another option would be to look for an individual buyer yourself but this is not only time consuming but difficult to do, as most people might not like the idea of buying second hand jewelry directly from the owner.

Online diamond buyers are a good option if you factor in convenience and prices. If you sell to an online diamond buyer, the selling process is done conveniently online and most of them even cover shipping fees. Some online diamond buyers also offer multiple payment options so you can choose which one is the most convenient for you and if you need the cash immediately, some offer quick payment options. They also offer much better prices because they have their own appraisal experts and can value your diamond properly.

Consider Several Buyers

We’ve already established that selling to an online diamond buyer is the best option available for individual sellers but this doesn’t mean that you should sell to the first one you find. Make sure to consider several online diamond buyers. Ask for quotes from each one so you have a general idea of how much you can earn for your diamond ring.

Online diamond buyers generally offer better prices than pawnshops and other buyers but you should still set realistic expectations about pricing. When asking for instant quotes, be wary of buyers that offer very high prices for your diamond without seeing it first. Since it can be difficult to value a diamond without a proper appraisal, you might end up disappointed with the final purchase offer once you do send in your diamond for the final valuation. So make sure not to rely too much on instant quote values, base your decision instead on the final purchase offer.

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Where is the Best Place to Sell a Diamond Ring?

Posted on Apr 15,2014

One of the many advantages of the Internet is that it has given individuals access to different markets that extends from their current location to anywhere in the world. In the past, if you wanted to sell something, you had to either advertise on your local classifieds or manually look for interested buyers. Now, selling something even as valuable as a diamond ring is just a few clicks away.

Many people who are going through divorces or are in need of some extra money are selling their diamond rings to online diamond buyers. While pawnshops and jewelry stores still remain a viable option, if you’re looking for the best place to sell your old diamond ring, online diamond buyers are definitely the best option today.

Fast, Reliable Service

Whether you want to immediately dispose of your diamond ring for personal reasons or you have an immediate need for cash, selling to a reputable online diamond buyer is one of the quickest ways to sell diamond jewelry. They usually take care of everything, from shipping and insurance to valuations and even return shipping. What makes selling your old jewelry to online diamond buyers so convenient is that the whole process takes place in the comfort of your own home. Everything is done online and the only time you have to leave your house is to drop off your shipping package to the courier.

Competitive Pricing and Convenient Payments

If you’re looking for better prices than what you can get from pawnshops and jewelry stores (they usually only offer about 40% to 50% of a diamond’s rappaport value), then you’re best option would definitely be to sell online. Since all reputable online diamond buyers have their own diamond valuation experts, they can offer better prices for diamonds compared to other venues.

A lot of them also offer convenient payment methods: some even offer electronic payments like PayPal but most offer wire transfer and check payment options. Payments are usually processed right away after the purchase offer is accepted so even if the payment is not instant like in a pawnshop, you still won’t have to worry about having to wait too long to get paid for the sale. Those that offer electronic payments usually send payments instantly and several online diamond buyers also offer quick payment options for those who are in immediate need of cash.

While there are other venues that you can explore, the best place to sell your old diamond ring is online if you take into account convenience, quick payments, and the availability of reputable buyers.

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How Much Can I Sell My Diamond Ring for?

Posted on Apr 10,2014

Price is undoubtedly the most important factor for anyone who is in the process of selling a diamond. While diamonds are very valuable, there are many factors that affect their worth. Not all diamonds are equal; rarity and flawlessness are two of the most important factors that affect their price value. Below are some of the most important factors that determine a diamond’s monetary value:

The 4Cs

Anyone who’s every bought or sold a diamond knows about the 4cs (cut, color, clarity, and carat). These 4cs are the industry standard for grading diamonds and are used by jewelers and diamond buyers for determining how valuable a diamond is. Knowing these specifications will help you determine how much you can sell your diamond for.

Generally speaking, smaller diamonds are worth much less than bigger ones. For instance, you might be able to sell a diamond that weighs more than a carat much closer to its original retail value compared to a diamond that weighs less than 0.5 carats. This is because the price of diamonds can jump up the bigger they are but this does not mean that weight is the only factor that determines the price. Flawless diamonds are, of course, a lot more expensive and in demand; the more visible the inclusions in a diamond, the lesser its price value.

If you know your diamond’s exact specifications based on a GIA report or even a jeweler’s appraisal, you can easily determine its potential resale value. Although, GIA reports are much more accurate, you can still get an idea of your diamond’s worth based on a regular appraisal report.

Market Value or “Rap” Value

Most diamond buyers base a diamond’s price on Rapaport reports, as these reports set the price for diamonds. The pricing is also based on the 4cs and market prices. Since these reports are published weekly, if you want to get an accurate price for your diamond, checking out the most recent “Rap” value for your diamond is a must.

You can also check out diamond market prices online so you’ll know the best time to sell to get the highest price.

Buyer’s Price

Purchase offers for diamonds vary from buyer to buyer. If you sell to an individual, you might be able to get a better price if you know how to market your diamond properly but it can be difficult to find interested individuals for second hand diamond jewelry.

While they are the most accessible, pawnshops generally offer much lower prices than other buyers. Expect to get less than 40% of a diamond’s “Rap” value when selling to a pawnshop. You might be able to earn more for bigger stones but not by much.

Diamond buyers in general, offer about 50% to 70% of a diamond’s “Rap” value.  Most buyers also offer much more for diamond rings from big-name jewelers like Cartier and the like.

Online diamond buyers generally offer higher prices for diamond rings and other diamond jewelry because they have the expertise to value a diamond properly and they don’t have to maintain brick and mortar establishments like jewelers and pawnshops.

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How Much is My Engagement Ring Worth?

Posted on Apr 02,2014

diamond-ringMost people often want to know how much their engagement ring is worth regardless of whether they are planning on selling it or not. However, getting an accurate answer to this question is even more important if you have plans of selling it. The more information you know about the quality of your diamond engagement ring, the easier it would be for you to determine if you are getting a good price from a buyer.

There are many different factors that determine the value of a diamond engagement ring, the most important factors being the 4cs (Cut, Color, Clarity, and Carat) of a diamond. It is worth noting, however, that these are not the only factors that are taken into consideration when valuing an engagement ring especially if you want to determine how much its resale value will be. Listed below are some of the factors that determine the value of engagement rings:

Appraisal Value

If you have a GIA Report or an IGI certificate, it’ll be easier for you to determine what it is worth. However, if you don’t have a certificate, you might want to have it professionally appraised.

Even with a certificate, if you have a high-value diamond, you might still want to get a professional appraisal so that you have an idea of how much its resale value will be based on current market prices.

It is worth, noting, however that professional appraisals can cost a lot of money and they don’t always guarantee that you’ll get a good price for your diamond, as price offers still depend on the buyer. Buyers don’t always follow the appraisal report especially since some appraisals grade diamonds higher than their actual value. Professional appraisals are recommended for high-value diamonds to protect the interests of the seller.

Rapaport Value

Most diamond buyers make offers based on a diamond’s Rapaport value. Rapaport diamond reports set the industry standard of diamond prices for consumers. These reports are published weekly.

Buyers often offer about 50% to 60% of a diamond’s “Rap” value initially and just increase it from there. Pawnshops usually offer less than 40% of the “Rap Value”. Online diamond buyers offer the most but their purchase offer is based on both the “Rap” value as well as their own appraisal of the diamond. This is why getting your own appraisal for smaller diamonds don’t always pay off, as most buyers base their purchase on their own valuation of the diamond.

Brand

Brands can add a lot of value to a ring. Engagement rings bought from jewelers like Tiffany’s or Cartier can significantly raise the value of an engagement ring. Most dealers are willing to pay 70% or more of a ring’s value if it is from a big brand name.

Ring Setting

Since you’ll also be paid for the setting, you also have to take into account the market prices for precious metals. The value will be based not only on the weight and purity of the metal but its current state taking into account wear and tear if they are not going to melt the metal.

There are a lot of factors that influence the prices of diamond engagement rings, which is why it’s not always easy to get an estimate of how much you can sell it for. If you want to protect yourself and get a fair price when you sell your engagement ring, it’s best to do your research. It’s better if you have a GIA report or IGI certificate along with the most recent Rapaport report so you’ll know whether the price is right or not.

For more information on the pricing of engagement rings, along with reviews of online diamond buyers, check out our diamond selling page for more information.

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Where to Sell Diamond Engagement Rings Online

Posted on Mar 26,2014

Before the advent of the Internet, the only way to sell old jewelry like diamond engagement rings was through pawnshops, jewelry stores, or through individual buyers. The Internet has provided the most convenient option for jewelry sellers: not only is it fast and efficient but it also allows sellers access to fair prices for precious jewelry like diamond engagement rings—something that is almost impossible when selling to pawnshops.

The advantages of selling diamond engagement rings online are numerous. Aside from having access to reputable buyers that offer higher prices, selling online also allows sellers to uphold a certain level of privacy, as they won’t have to see the buyer face to face in most cases.

There are several venues where you can sell your engagement rings online. Below are some of these venues:

  • Online Marketplaces

Online marketplaces like eBay give sellers access to different markets from all over the world. If you sell through eBay, you can find a lot of interested buyers for your old diamond engagement ring. However, online marketplaces are only a good option if you have an appraisal or a certificate that states the specifications of your diamond engagement ring. It’s difficult to sell your diamond engagement ring for a decent price without a certificate because majority of interested buyers on sites like eBay are individuals so they likely won’t go through the trouble of getting a professional appraisal unless the diamond engagement ring is of very high value.

  • Advertise on Online Classifieds

Online classifieds sites are a dime a dozen. If you want to expand your options for selling your diamond engagement ring online, it might be a good idea to advertise on online classifieds sites. The difficulty is in getting serious offers and again, getting a decent price for your ring. There’s also the issue of who will pay for insurance and shipping and there’s no payment protection guarantee but posting in online classifieds is a good backup option.

  • Online Diamond Buyers

And then there are online diamond buyers—which is probably your best option if you plan to sell your diamond engagement ring online. The advantage of selling to reputable online diamond buyers is that they offer prices based on professional valuation of the merchandise so you can be assured of getting a fair price for your diamond engagement ring. Most online diamond buyers also cover shipping costs with insurance so you don’t have to worry about having to take the costs of shipping out of your own pocket.

Online diamond buyers also offer to ship the goods back to you free of charge if you don’t approve their final price offer. Plus, you can get instant quotes online and track your packages. Most of them also offer instant and convenient payments.

If you’re looking for the most convenient and most profitable way to sell your diamond engagement ring online, online diamond buyers are definitely your best option.

Our highest rated online diamond buyers are Diamond Buyers International and Sell-Diamonds.com.

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