How Much Can You Sell A Used Diamond Ring For?

What is the resale value of diamonds?

In most cases, a diamond engagement ring or other diamond jewelry will have a resale value of between 20 and 60% of the amount it cost when it was new..

How can I sell my old diamond ring?

Sell to a Business The quickest way to sell an engagement ring is to sell it to a business that purchases used rings. These include jewellery stores, pawnbrokers and even diamond dealers. If you choose this route, select a company with a long history and good reputation.

Why is diamond resale value so low?

The reason resale prices for diamonds are so low compared with retail prices is that jewelers buy diamonds in bulk, at wholesale prices, which are much lower. The retail price you pay for a diamond at the store is higher because it includes overhead expenses, such as rent and personnel salaries.

What is the best way to sell jewelry?

Sell It to a Jeweller or Pawnbroker While you’re out trying to get your piece appraised by jewellers and pawnbrokers, it’s worth considering the offers they might make you. According to Rubin, local jewellers are likely to give you the best price because they will see you as a potential customer.

Does Kay Jewelers buy jewelry?

The Kay Jewelers Gold Exchange is an opportunity for you to sell your used, unwanted gold and platinum jewelry through a secure program from a company you know and have trusted for years. Learn more about the Kay Jewelers Gold Exchange.

How can I sell my diamonds for cash?

Let’s look at some important tips you can use to help you sell off unwanted diamond jewelry.Provide a Grading Certificate From a Reputable Lab.Approaching a Jeweler to Take In Your Used Jewelry.Selling Diamonds On Your Own.Consigning Your Diamond With a Local Jeweler.More items…

Where can I sell my diamond ring for the most money?

The best place to sell your engagement ringRankNameOffer1Diamond specialist$2,300 – $2,5002Worthy.com$1,8063Local jeweler$1,500 – $2,0004’We buy gold’ store$1,300 – $1,5002 more rows

How much can I sell a 1 carat diamond ring for?

A 1-carat heart-shaped diamond with VS1 clarity and a color grade of E is estimated to be worth $7,425.00. Sweet! But remember, you will get as little as 20% of that value, depending on how you sell it.

How much is a 14k ring worth at a pawn shop?

Even though one gram of 14K gold is $36 on the market, the pawn shop will provide you with only 13$ per gram for the ring with the same number of karats. Luckily for you, the pawn shops don’t have fixed prices, and you can always bargain and bid….The Real Situation in the Pawn Shops.GramsKaratsEstimated price124$221 more row

Are old diamonds more valuable?

Old Mine Cut Diamond Value As with other diamond shapes, the value and price of an old mine cut diamond can vary based on its carat weight, color, clarity and the quality and beauty of the diamond’s cut. Old mine cut diamonds are generally 10 to 15 percent less expensive than the old European cuts.

How much is my ring worth at a pawn shop?

Most pawn shops usually pay about 30 to 60% of what a diamond is worth. Once you add in the standard retail markup that’s applied to most diamonds, this means that you’ll usually receive an offer for a small fraction of the amount you paid for your diamond ring when it was new.

How can I sell my diamond ring for cash?

Where Can I Sell My Diamond Ring For Cash?Get the answers to the following questions:PAWNSHOPS: With this local option you can get paid quickly for your engagement ring. … AUCTION HOUSES: While an auction house will handle selling the ring for you, this is typically a long selling process that can take many months and with no guaranteed sale.More items…•