Tag Archives: Value of Engagement Rings

Diamond Rings – Which is Better: A Larger Diamond Size or a Clearer Diamond?

Posted on Oct 28,2014

There are four basic parameters that diamond buyers must take into consideration when choosing a diamond, these are: cut, clarity, color, and carat weight. While all these factors affect a diamond’s appearance, most people don’t mind sacrificing one or two qualities in exchange for a bigger diamond.

For instance, some buyers might not mind a diamond that shows a visible tinge of color as long as it is bigger in size. However, when it comes to clarity vs. carat weight, the decision might be harder to make. This is because visible inclusions can tarnish a diamond’s overall appeal especially if it is a big stone.

When cutting diamonds, diamond cutters try their best to conceal any inclusions and blemishes. Inclusions are tiny defects or imperfections found inside the diamond. Some diamonds might also have some imperfections on the surface; these are called blemishes. Both inclusions and blemishes affect a diamond’s brilliance (i.e. how much light they reflect).

When it comes to diamond clarity, the size, number, and position of inclusions are all taken into consideration and affect a diamond’s value. This is why diamond cutters make it a point to hide them in strategic areas like the girdle or under the facets in the bezel where they won’t do much to affect a diamond’s visible appearance.

How Much Clarity Can You Sacrifice for Carat Weight?

If there were no budget constraints, anyone would be happy to receive a flawless diamond that is bigger than 1 or 2 carats in size but since diamonds in the flawless range can be incredibly expensive, sacrifices must be made to suit one’s budget.

Ideally, you shouldn’t settle for a diamond lower than VS2 (very slightly included). Diamonds in the VS1 to VS2 range normally have several inclusions that are visible under 10x magnification. Since you won’t be staring at your diamond under a magnifying glass all the time anyway, you’ll hardly notice the existence of these inclusions at all. It usually requires a skilled observer to view these inclusions even with magnification. Most diamonds sold in the market are of the VS1 to VS2 range.

However, if you are very particular about clarity, you might want to go a little higher by getting a diamond from the VVS1 to VVS2  (very, very slightly included) range. Diamonds in this range often appear flawless to the naked eye and even under 10x magnification, only a skilled observer should be able to notice the inclusions.

If you prefer a bigger carat size and you don’t mind sacrificing a bit of clarity to get the size you want, diamonds in the SI1 range should be ideal. Diamonds in this range have inclusions that may be visible upon close inspection even without magnification but the defects aren’t severe enough to affect the diamond’s overall appearance.

If size is your priority and your goal is a diamond that is bigger than 1 carat, a clarity value of SI1 should be your limit. This is because diamonds in the SI2 range tend to have visible inclusions for stones that are 1 carat and above. SI2 clarity is only ideal for stones that are less than 1 carat in size.

You should keep in mind that inclusions become mush more visible the bigger the diamond is. This is why it’s challenging to get a good balance between clarity and carat weight.

Most diamonds in the market are priced on a per-carat basis. The price of diamonds that are of the same cut, clarity, and color tend to double as you go up a carat. If for instance, the price of a diamond is $2,000 per carat, then you should expect to have to pay $4,000 for a 2-carat diamond of the same quality.

It’s okay to sacrifice clarity for carat weight just as long as you still find a good balance between the two. Diamonds, after all, are meant to be admired and it would be a shame if you cannot fully appreciate its beauty because you sacrificed too much clarity for size.

On the other hand, clarity is still a subjective matter. So if you do not mind a lower clarity range, then by all means go for that bigger stone. It’s your diamond to enjoy after all.

Posted in  Buying a Diamond, Cash for Diamonds, Diamond Colors, Diamond Cuts, Valuing Diamonds |   Tagged 

 

Best Way to Sell a Diamond Engagement Ring

Posted on Apr 28,2014

Many people are selling their diamond engagement rings these days, and not just the recently divorced; others sell because they are strapped for cash or because they are due for an upgrade. Whatever the reason, many people see the value in selling old engagement rings because there are more venues for it now than there were in the past. Buying old jewelry used to be the domain of pawnshops but with the rising demand for diamonds especially in the middle class sector, even jewelers buy diamonds from individual sellers these days rather than solely from diamond wholesalers.

This is a good thing for individual sellers because the more buyers there are, the better one’s chances of getting a fair price- something that isn’t always possible when you sell to a pawnshop. So what is the best way to sell a diamond engagement ring these days?

The answer might just be in front of you, or rather your computer screen. The advent of online diamond buying companies has made it possible for individual sellers, regardless of where they are, to sell their diamond engagement rings and other diamond jewelry conveniently through the buyer’s website.

Selling to Online Diamond Buyers

The process of selling your diamond engagement ring online is quick and easy and does not require you to make a personal appearance during the actual sale.

Most online diamond buyers offer free shipping service, some also offer an additional free shipping guarantee should you decide that you don’t want to sell your diamond engagement ring to them. Shipping terms and return guarantees vary from buyer to buyer, however, so it’s best to check the fine print before you send in your diamond. You should also check whether they cover insurance for your items, just in case something happens to it while in transit. While most reputable buyers always offer insurance, it’s best to check beforehand just to be safe.

Some reputable buyers offer quick valuations or instant quote services if you can provide the details of your diamond engagement ring but since it can be difficult to value a diamond without seeing it, sellers are advised to send their diamond rings to receive a proper valuation and an accurate price offer. You can utilize the quick quote service if you’ve had your diamond recently appraised or if you already hold a certificate indicating its value just so you have an idea of how much you can earn if you sell to a particular online diamond buyer.

Once you send in your diamond engagement ring and it undergoes the final valuation, you will be sent the purchase offer either through your online account on the diamond buying website or via email. You can accept the offer if you are satisfied or reject it if you change your mind or if you are not satisfied with the purchase offer.

Since online diamond buyers have access to larger diamond markets and don’t maintain many physical locations, other than their main office, they are able to offer better prices to individual sellers compared to pawnshops and jewelers. In terms of convenience and profit, selling your diamond engagement ring to an online diamond buyer is the best method available today.

Posted in  Diamond Engagement Rings, Sell Engagement Ring |   Tagged 

 

Best Place to Sell an Engagement Ring

Posted on Apr 16,2014

Whether you are in the middle of a divorce or a broken engagement, letting go of your engagement ring can be the first step towards moving forward. Selling old and unwanted jewelry can also be very lucrative if you find the right buyer. There are many venues where you can sell your old engagement ring but the following venues are the most popular and most convenient options:

Pawnshops

When it comes to accessibility and instant payments, pawnshops can be a good option. However, you might have to sacrifice profit for convenience if you sell your engagement ring in a pawnshop, as they don’t usually offer very high prices for diamond jewelry. Since they buy different kinds of jewelry with varying precious stones and metals, they might not have the specialization to value your diamond engagement ring properly. They usually only offer less than half of a diamond’s rappaport value so if you want to make the most money out of the sale, you’re better off looking elsewhere.

Online Diamond Buyers

The advent of online diamond buyers and other online platforms has made the process of selling an engagement ring and other diamond jewelry a whole lot easier for many people. One obvious advantage to selling online is that you won’t have to be physically present for the transaction to take place, you just have to send your engagement ring via a prepaid package or look for another shipping method, depending on the arrangement you have with your chosen buyer.

It can be difficult for many people to let go of an engagement ring, especially since there is some level of emotional attachment to it. Selling online will not only allow you to do it from the comfort of your own home so you won’t have to face the buyer if you’re not ready for it but they also make it a lot easier by offering prepaid shipping packages, professional valuations, and of course, quick payment processing.

So if you’re looking for the best place to sell your engagement ring in terms of convenience and pricing, selling online is one of the best available options. It will not only save you time and effort but you can also potentially earn a lot more than if you sell to a pawnshop.

If you want to consider several buyers at once, it’s easier to go about the process if you sell to online diamond buyers as most of them offer instant quotes if you know the specifications of your diamond and most of them also offer free shipping if you want to send in your diamond to get an accurate price offer.

Of course, for you to be able to get the best price for your engagement ring, it’s still better if you have a GIA report or any appraisal report so that you know if you are getting a fair deal or not.

Posted in  Cash for Diamonds, Sell Engagement Ring |   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 

 

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.

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