Tag Archives: How to Sell Diamonds

Asscher Cut Engagement Rings

Posted on Jun 05,2014

The asscher cut diamond has regained its popularity over the last decade due to improvements made to its cut. The modern day asscher cut has more fire and brilliance than the classic asscher cut. Its square shape, large facets, and its elegant and regal appeal have made it a popular choice especially for engagement rings.

Asscher cut diamonds are stepped-cut, undergoing a similar process of cutting to emerald cuts. As a result, asscher cut diamonds are very similar to square emerald cuts; both have 58 facets and have cropped corners.

Selling Asscher Cut Engagement Rings

The rising popularity of asscher cut engagement rings is good news for sellers as it means that prices have also increased. However, since step cuts like the asscher cut and emerald cut emphasize a stone’s clarity, inclusions are more visible compared to round brilliant cut diamonds so it might be harder to get a good price especially for lower grade stones if you sell to a pawnshop.

If you have an Asscher cut engagement ring that you want to sell, it’s best to consider several options so that you can get a fair deal for your diamond. As with selling any diamond, knowing the exact specifications of your stone will make it easier for you to find a fair deal. You can have your stone appraised at a local pawnshop and jeweler to get an idea of its value and what you can get for it. However, if you want to get the best deal out of the transaction, one of your best options would be to sell to an online diamond buyer. Online diamond buyers offer better prices for diamonds because they have lower overhead costs and all reputable ones have expertise in diamond valuations. Transactions are also a lot more convenient since everything is done over the Internet.

Buying Asscher Cut Engagement Rings

If you’re in the market for an engagement ring and you have your heart set on an Asscher cut diamond, knowing the ideal specifications will help you out a great deal when choosing the ideal ring suited for your taste and your budget.

Cut

The original asscher cut diamond did not have much fire and brilliance, which is why modern ones have undergone many improvements to add more fire and brilliance to the stone. Modern asscher cut diamonds are very similar to square emerald cut diamonds except that an asscher cut diamond, cut to modern standards, typically have larger facets, a smaller table, and a taller crown height. Many people prefer a well-cut asscher cut diamond over an emerald cut because the former, when cut to exacting standards are capable of more brilliance than emerald cuts.

The length to width ratio of an asscher cut diamond is 1.00 but the GIA’s range for a square diamond is 1.00 to 1.05.

If you’re buying an asscher cut diamond engagement ring, you should also take note of the following parameters when it comes to cut to get the most ideal stone for your budget:

Depth Percentage

When shopping for Asscher cut diamonds, look for a depth percentage within the 60% to 68% range.

Table Percentage

Asscher cuts that have a table percentage within the 60% to 68% range are considered very good to excellent. While the ideal range would be around 65% to 67%, these can be difficult to find.

Color

Step cuts like the asscher cut show more color than round brilliants and princess cuts so if you’re looking for a diamond that is colorless or as near colorless as possible, we recommend you set a minimum standard of H. While any color above H is better, price can significantly go up the more colorless the stone especially for asscher cuts. While color is subjective, most people prefer colorless diamonds to those that retain color.

Clarity

Since the classic asscher cut does not have as much fire and brilliance than round brilliant or princess cut diamonds, flaws and inclusions are much more visible on the surface. This is why clarity is of utmost importance when choosing an Asscher cut diamond. Setting a minimum standard of VS2 is recommended if you want the stone to appear as flawless as possible to the naked eye.

Where to Buy

Blue Nile

Blue Nile offers a wide selection of asscher cut diamonds. Those who want a truly excellent asscher cut would find the Blue Nile signature asscher cut to be a worthy option.  Their signature cuts have smaller tables, taller crown heights, and wider corners, which allow the diamond to capture more light and produce more brilliance. Below are some suitable options from Blue Nile:

http://www.bluenile.com/asscher-cut-diamond-1-carat-signature-ideal-cut-d-color-vs1-clarity_LD02089612

http://www.bluenile.com/diamond-search?keyword_search_value=asscher+cut#diamonds_pid=LD04384105

Choices from Amazon:

Amazon features several asscher cut diamond engagement rings that suit different budgets. We have preselected a few options below:

Posted in  Diamond Cuts, Types of Diamonds |   Tagged 

 

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!

Posted in  Cash for Diamonds, Diamond Buyers, Online Diamond Selling Tips, Sell Diamond Rings |   Tagged 

 

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!

Posted in  Cash for Diamonds, Sell Diamond Rings |   Tagged 

 

Wholesale Loose Diamonds: Best Prices for Diamonds

Posted on May 07,2014

Buying diamonds from a wholesaler or straight from the supplier can save you a lot of money especially if you buy the diamonds by the bulk. Wholesale loose diamonds used to be exclusively available to retailers or those who intend to buy by the bulk and resell the diamonds to consumers. The prospect of buying something as precious as a diamond at its wholesale price is no doubt appealing. Fortunately, wholesale loose diamonds that were once exclusively available to retailers and bulk shoppers have become much more accessible to the public via the Internet.

The Internet has certainly changed how businesses work. With consumers having easy access to suppliers and manufacturers, the difference between wholesale and retail is slowly blurring.

How to Get the Best Price for Your Diamonds

Selling to an individual will often get you the best price, but they can be very difficult to find.  Local jewelers will give you some money for your diamonds, but because of the huge markup and overhead costs they need to cover, the prices are likely to be less than you’d expect.  Another option is finding an online diamond buyer, which is often the best option due to the competitive nature of the businesses and less overhead.

Buying diamond jewelry from jewelry stores and other brick and mortar establishments will always be more expensive. Jewelry stores carry a much higher mark-up on diamonds because they have to pay for the overhead cost of maintaining a physical store or several physical stores.

The Internet has made it possible for consumers to have access to wholesale diamond prices because online sellers can afford to offer much lower prices than brick and mortar retailers without the added cost of a physical location. In addition, some suppliers and wholesalers have started selling loose diamonds directly to consumers. If you cut the middleman, then you’ll certainly be able to save a lot more money.

Wholesale loose diamonds are not only cheaper per carat but there is also a wider selection of diamonds. You’ll also have a better chance of finding a better-cut diamond than if you buy from a jewelry store because you have direct access to the supplier’s inventory, which is where most retailers get their stocks.

Some jewelry stores also have the tendency to inflate the grades of their diamonds, especially those that don’t offer GIA certificates. Since there are no legal implications to inflating a diamond’s grade, the consumer usually ends up with a lower quality diamond than what is expected and paid for.

Buying a loose diamond will allow you to have control over the style of the jewelry and the metal used for the setting. It’s also easier to buy loose diamonds at wholesale prices as most suppliers only offer loose stones, although some also offer ready-made designs especially for diamond rings. Since the diamond is the most expensive part of the piece, you can have a jeweler customize a setting for you without having to pay exorbitant diamond retail prices.

Posted in  Loose Diamonds, Wholesale Diamonds |   Tagged 

 

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.

Posted in  Cash for Diamonds, Sell Diamond Rings |   Tagged 

 

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.

Posted in  Online Diamond Selling Tips, Sell Diamond Rings |   Tagged 

 

How to Sell an Engagement Ring Online

Posted on Apr 07,2014

Selling an engagement ring online is one of the most convenient and perhaps profitable methods available to individual sellers. A reputable online diamond buyer will not only be able to offer expert valuation but as well as a better price compared to pawnshops and jewelry stores. Selling something as valuable as an engagement ring can seem intimidating especially for those who don’t have much experience with selling jewelry. Fortunately, selling to an online diamond buyer is very easy. Below are some useful tips for selling engagement rings online:

Find Out Your Diamond’s Value First

Before anything else, it’s important to get a clear idea of how much your engagement ring is worth. While it’s tricky to tell exactly how much a diamond is worth, as you’ll have to take into account the 4cs as well as its Rapaport value, knowing the exact specifications of your diamond and its corresponding monetary value will help you find a good deal online. If your engagement ring did not come with a GIA report, an IGI certificate, or an appraisal report from a jeweler, you can have it appraised professionally or if you don’t want to have to pay for professional appraisal, you can go to a pawnshop to get a quick appraisal. While online diamond buyers offer instant appraisals, you’ll have to be able to give them the exact specifications of your diamond before they can offer an initial purchase offer.

Look for Several Online Diamond Buyers

While having too many options can make the selling process difficult, it’s always better to have at least two or three choices for diamond buyers. Look for reputable online diamond buyers and ask for instant appraisals or quotes from all of them to get an idea of how much each one is willing to pay for your engagement ring. It is worth noting, however, that not all online diamond buyers offer quotes based on the information you provide them alone, some might require you to send in your diamond before they can offer a purchase price. This is understandable as it can be difficult to value a diamond based on description alone. If you’re in no particular rush to sell your engagement ring, it’s best that you look around first so that you can get the best price.

Request a Pack and Send Your Engagement Ring

Most online diamond buyers offer free shipping to sellers. When you request a “pack”, they will either send you a package envelope or pouch for your items or they will send you a printable label that you can use for shipping. Make sure that the shipping service they use offers insurance so that you won’t have to worry about the safety of your items once in transit. Majority of online diamond buyers offer free shipping but there are some that don’t so it’s important to take into account shipping and insurance costs when choosing an online diamond buyer to consider.

Accept or Reject the Final Price Offer

Once the online diamond buyer receives your engagement ring, they will have it appraised by their own valuation experts. Purchase offers are based on their own valuation of the diamond, as well as current market prices for diamonds. They will also take into account the setting of the engagement ring so they can give a complete purchase offer. You can then accept or reject their final price offer. Most online diamond buyers offer to ship the items back to the seller for free if the seller refuses the final offer but there are some that require sellers to pay for their own shipping so make sure to check before sending your diamond. You should also check for return guarantees in case you accept the purchase offer but end up changing your mind about the transaction. Return guarantees can vary from buyer to buyer but it typically ranges from 10 to 30 days.

While there are other options for selling engagement rings online, selling to a reputable online diamond buyer is one of the safest and most profitable. Since they are in the business of buying diamonds, they are able to offer fair prices to individual sellers compared to pawnshops and other online platforms.

Posted in  Cash for Diamonds, Online Diamond Selling Tips, Sell Engagement Ring |   Tagged 

 

How to Sell Engagement Rings for the Most Money

Posted on Apr 01,2014

Diamond Engagement RingWhether you’re selling your engagement ring because your divorce has just been finalized or you’re selling out of necessity, you’ll naturally want to get the most money out of it. If you’re not sure how to go about the process of selling your engagement ring, the following tips might help you:

Know Where to Sell

While there are certainly many venues where you can sell your ring, not all of them offer the most money.

Pawnshops, for instance, might be the go-to for most people when selling old jewelry but they don’t always offer the best prices especially for high-value jewelry like diamond engagement rings. Unless, your engagement ring is from a famous designer brand like Cartier, you can only expect to get as much as 50% of the retail value of your ring from a pawnshop.

The best option for people who are looking to make the most money out of selling their engagement rings is through online diamond buyers. Online diamond buyers offer the best prices because a lot of them have access to diamond capitals and they have in-house gemologists who have the expertise to value your diamond properly.

Most of these online diamond buyers also don’t have to maintain brick and mortar stores so they are able to lower their overhead costs and offer more for the diamonds that they buy from individual sellers.

To compare different online diamond buyers, read our reviews now.

Provide a Certificate or a Recent Appraisal

Diamonds with GIA reports are generally valued higher because it is the industry standard for diamond grading. If you have a GIA report or a certificate (e.g. AGS, IGI, EGL) that provides the specifications of your diamonds, it’ll be easier for you to get a price closer to the retail value of your diamond. If you’re not sure about your diamond’s value, it’s best to have it appraised.

For high-value diamonds, have it appraised by a professional so you have an idea of what your diamond is worth before approaching different buyers. If you rely on the buyer for appraisal without determining exactly what you own, you won’t be able to guarantee whether the appraisal is fair or accurate. To protect your interests and your property, it’s best to know exactly what your diamond is worth.

Ask for Quotes from Different Buyers

Whether buying or selling something, it’s always a good idea to have several options. Compile a list of reputable online diamond buyers so you can ask for an instant quote or appraisal from those that offer this service. While the accuracy of the quote will depend on the information you provide about your diamond, getting instant quotes is still a good idea especially if you’ve had your diamond recently appraised or if you have a certificate. However, you should be wary of those that offer very high quotes, as there is no guarantee that the purchase offer will be the same since it will all depend on the final valuation based on their own appraisal of the ring.

Send Your Ring for Valuation

Send your ring to the online diamond buyer of your choice so it can undergo professional valuation and they can offer you a more accurate purchase offer. If you find the purchase offer too low, you can always ask for your ring back as most online diamond buyers offer to return the ring to you for free if you deny their purchase offer.

If you are satisfied with the purchase offer, you will get paid as soon as you accept the final price.

Make sure to check if the company covers shipping and insurance before you send in your ring. Most reputable online diamond buyers offer free shipping with insurance coverage so you don’t have to spend on shipping your diamond back and forth.

While selling your engagement ring online is definitely the most promising option when it comes to making the most money, you should still set realistic expectations. The purchase offer will not only depend on the quality of your diamond but also its current condition, as well as market prices so set your expectations accordingly.

Posted in  Sell Engagement Ring |   Tagged 

 

What is the Best Way to Sell a Diamond Ring?

Posted on Mar 24,2014

Selling your old diamond ring is a good way to make some extra cash. Whether you’re looking to make some money to take care of an immediate expense or you’re ready to move forward and sell your diamond ring, you can make good profit from the sale provided you know the best way to sell.

When finding the best way to sell your old diamond ring or any piece of jewelry, you should take into account these important factors: convenience or how easy the selling process is, price offers, payment guarantee, and returns just in case you change your mind.

Pawnshops

While it’s certainly easy to find a pawnshop nearby where you can sell your diamond ring, you can’t always guarantee that you’ll get a good price for your ring. Pawnshops generally pay a lot less for smaller stones that are 0.5 carats and below. As for bigger stones, they normally pay only about half the price of the stone’s retail value. If your diamond ring is from a famous jeweler or brand, you might be able to get more for it from a pawnshop but only as much as 70% of the retail value and this depends on the pawnshop you go to so if you want to get a decent price for your diamond ring, you’ll likely have to go to several places to ask for quotes.

So while pawnshops might provide a quick and convenient venue for selling your old diamond ring, they don’t always provide the best prices.

Online Diamond Buyers

If you’re looking for the best way to sell a diamond ring, selling to reputable online diamond buyers is certainly your best option.

Online diamond buyers can offer better prices because they actually put the stone under expert valuation to determine its value and since they don’t have a physical location to maintain, they are able to pass on the savings to sellers and offer higher prices. It’s also far easier to get a quote from online diamond buyers, as most of them offer instant quotes and quick appraisals. This is especially convenient for sellers who already know the exact specifications of their diamond ring. If you are able to provide more or less accurate details of your stone’s value, you can get a more accurate quote even before sending them your ring.

You can also send your ring to them for valuation so they can give you a final price offer right away. Most online diamond buyers offer free shipping with insurance. And the best part is, if you end up sending your ring to them but you’re not satisfied with their price offers, most online diamond buyers can also send your jewelry back to you for free with no questions asked.

If you take into account the convenience of the selling process, price offers, payment guarantees, and returns, online diamond buyers certainly offer the best service. They don’t only offer better prices but they allow sellers to sell jewelry right from the comfort of their own homes.

To compare online diamond buyers, take a look at our diamond buyer reviews page.

Posted in  Cash for Diamonds, Sell Diamond Rings |   Tagged 

 

How to Sell a Diamond Engagement Ring

Posted on Mar 14,2014

Diamond engagement rings are perhaps the most common type of diamond jewelry sold for cash. Whether you just went through a divorce or you’re strapped for cash and you find yourself having to sell one of your most valuable pieces of jewelry, selling an engagement ring is a big step so it’s only right to want to get the most money for it.

If you’ve already decided that it’s time to sell your engagement ring, taking the following steps can help ensure that you get the most money for your jewelry:

Know the Value of Your Ring

If you don’t have a valuation certificate of your diamond and you’re not sure what it’s worth, you can have it appraised by a qualified appraiser. However, if you don’t think that the value of your diamond is worth spending money on a professional appraiser, you can always go to a pawnshop or a jewelry store to have it appraised.

All jewelers and appraisers use the 4 Cs of a diamond to find out its value (Cut, Carat, Clarity, and Color). While gemologists also consider other factors, these four are the most important.

If you want to be able to get an instant quotation from an online diamond buyer before sending them the actual ring, you need to be able to provide its specifications. You should also consider the setting. If it’s set in gold, then find out the weight of gold in karats.

Knowing the specifications will make it easier for you to determine whether you’re getting a fair price for its value.

Find Buyers

There are many venues where you can sell your diamond engagement ring; there are pawnshops, jewelers that buy used jewelry, and of course, there are online diamond buyers.

If you’re looking for the best price for your diamond engagement ring, your best bet is to sell to a reputable online diamond buyer. They offer competitive prices, preliminary and final valuations, quick service and payment, and a lot of them guarantee to ship back the ring for free should you decide that the final price offer is not enough.

When looking for buyers online, make sure that they are rated and accredited by the BBB and check out online reviews. You should also make sure that their shipping service offers insurance and that the maximum coverage covers the value of your ring.

It would be a good move to ask for quotes from different buyers so you have a clear idea of the price offers but make sure to set realistic expectations.

Know when it is the right time to sell.

Look at the market prices for diamonds and gold. While the value of your diamond engagement ring will still be highly dependent on its characteristics (4cs), when there is a high demand for diamonds in the world market and prices are high, it’s easier to get a better price for your ring even if it is used. High demands usually result to jewelers purchasing diamond jewelry from individual sellers rather than from wholesalers. It would be wise to monitor market prices especially if you’re in no particular rush to sell.

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