Whatever your reason for selling your engagement ring, it is most likely that you will want to earn as much money as possible for it. When it comes to earning cash for diamonds there are a few things you can do to help increase the amount of money you make. Here are some of the tips we have for selling your engagement ring.
| Company | Insurance | BBB Rating | Guarantee | Year In Business | Customer Reviews | Instant Quote | Shipping Method | |
|---|---|---|---|---|---|---|---|---|
| #1 |  | $5,000 | A+ | 30 Days | 11 Years |  | Yes | FedEx |
| #2 |  | Actual Value | A+ | None | 4 Years | | No | FedEx |
1. Find The Right Buyer
There are really only three options here, local jewelers and pawnshops, online diamond buyers, and the random person you may come across. If you have someone that is willing to purchase your ring for an amount you are comfortable with, go ahead, but otherwise it will be hard to sell a diamond on the secondary market because many people cannot tell if they are real or not. Local buyers offer cash instantly if you are in a real hurry, but otherwise it is not a great option be of the low offers they tend to provide. This leaves online diamond buyers whose services have increased in popularity over the past couple of years as many see the benefits that they offer. Here are our diamond buyer reviews if you decide to take that route.
2. Know Your Ring
Understanding what you have will allow you to know if you are getting a good deal or not. There are two parts to most rings, the diamonds and gems, and then the setting in which they sit. The value that diamond buyers appraise your ring at will be determined by several factors. You may have documentation on any stones that cam with your engagement ring that would provide you with grading details and give you a sense of the value.
3. Evaluate The Market
Diamond, gold, silver and other commodities vary in price for a variety of reasons. For example, a certain diamond shapes can become trendy at different times causing their values to change. The precious metals that your setting may be made from can also vary greatly in price. There are plenty of charts online that will allow you to see what people are offering for ounces of gold, silver and platinum.
These are just some of the things that can help you earn as much money as possible when selling your engagement ring.