If you have been wondering how to sell an engagement ring online, Diamond Estate Jewelry Buyers can help. In this article, we cover some of the common questions our clients have had when selling an engagement ring online via our “Sell Jewelry from Home” service.
Please note that while this article was written for people who wish to sell their engagement rings online, the questions and answers hold true for anyone looking to sell an old engagement ring for a fair cash price.
1) What kind of engagement ring brings the highest cash offer?
There a variety of factors that can impact the cash offer for an engagement ring. The important thing to keep in mind is that the value of your engagement ring is based primarily on the quality and carat size of the center diamond. In most cases, the band of the engagement ring will be melted down and sold at scrap prices. The exception to this rule is when your engagement ring has been manufactured by a highly sought-after fine jewelry brand like Tiffany & Co., Harry Winston, or Tacori.
2) Why is my cash offer so much less than the retail price of my engagement ring?
When people sell an engagement ring online, they are often surprised that they are not receiving a cash offer closer to the retail price of their diamond ring. When selling an old engagement ring, it is important to remember that the retail price of your diamond ring was likely at least triple the manufacturing cost. This usually holds true even if you bought your engagement ring online or at advertised “wholesale” prices.
3) Will I get a cash offer close to the appraisal value of my engagement ring?
In most cases, the answer is no. If your diamond engagement ring came with a “replacement” appraisal or was appraised for insurance purposes, the appraisal value is the retail value of your diamond ring. And, as we mentioned previously, the retail value of an engagement ring is usually 3 times more than the manufacturing cost.
However, if prior to selling your engagement ring online, you take the ring to a jewelry appraiser and ask for a re-sell price estimate, you usually will be able to receive a cash offer that is close to that price, depending on the accuracy of the appraisal.
Call Us Toll Free: (800) 956-8505Get A Cash Offer Now
4) Can I sell my engagement ring for a good price even if the diamond is not certified?
Absolutely. You can sell an engagement ring to our online jewelry buyers, regardless of whether or not it has been set with a certified diamond. However, if your engagement ring does include diamond certification papers from a respected gems lab–such as a GIA (Gemological Institute of America) Diamond Grading Report–please be sure to let us know because this will make it much easier for us to evaluate your engagement ring’s proper value.
5) How can I learn more about the quality & value of the diamond in my engagement ring?
It’s important to be an informed seller when planning to sell an engagement ring online. When it comes to learning about your diamond, you want to learn more about the 4Cs (Carat, Cut, Clarity, and Color), which are the four aspects that impact your diamond’s resale value.
The most important thing to keep in mind is that diamonds which yield the highest prices have the following 4 characteristics: they have a popular cut (like Brilliant); a clarity grade of VSI or better; a color grade of G or better; and a size of 1 carat or more.
6) What can I do to get a better price when selling my engagement ring online?
Diamond Estate Jewelry Buyers usually can get you more cash for your engagement ring, if you can include other bridal jewelry with your diamond ring. For example, a matching wedding band or bridal earrings.
7) How safe is it to sell my engagement ring online?
Selling an engagement ring online to Diamond Estate Jewelry Buyers is highly secure and involves no risk whatsoever. We provide you with free FedEx Overnight shipping and every diamond ring shipped to us is insured to its maximum value by Parcel Pro, a UPS Capital Company which specializes in insuring high value jewelry, diamonds, and gemstones.
If you decline our final cash offer for any reason, we will be happy to ship your engagement ring back to you at our expense. For more information about selling your diamond ring online to our estate buyers, please click on the following link: Sell an Engagement Ring From Home.
One final note. We encourage every client to make a careful decision when choosing whether to sell a diamond engagement ring online. You want to be sure that you when you sell your engagement ring that it’s the right decision and the best decision for you.
8) Can I sell my engagement ring online at eBay?
While some people have success selling a diamond ring on eBay, many more are not so fortunate. The reason so many people find it hard to sell an engagement ring on eBay is that the world market is full of synthetic and low quality diamond. Potential buyers are therefore legitimately worried about buying a fake or low quality engagement ring online.
Sellers who are successful at selling an engagement ring on eBay are usually private individuals who have a long track record of successful sales and high ratings, or professional jewelers with a bricks and mortar store.
To learn more about the issues involved when trying to sell an engagement ring through an online auction website or traditional bricks-and-mortar auction house like Sotheby’s, please click on the following link: Should I Auction My Engagement Ring?
Call Us Toll Free: (800) 956-8505Get a Cash Offer Now
How to Sell an Engagement Ring for Cash – Recent Buys
Reviews of Our Engagement Ring Buyers
“I sold a diamond engagement ring and a wedding ring. Paula was exceptional to work with. She answered all of my questions and assuaged any concerns that I had. I know the price I got was fair, as I had a prior gemologist look at the rings, but I was not comfortable dealing with that outfit for reasons other than the price.
I am comfortable with my decision to sell my engagement ring, and I know I got the best offer I could get at this time. I highly recommend Diamond Estate Jewelry Buyers. Thank you, Paula, for all the time you spent with me. You have immense patience and empathy.” – Barbara M. (Yelp)
“While selling an engagement ring is never an emotionally fun experience, it was finally time to give it a new life. Working with Paula made the process so much easier. She is very professional and responsive, and showed a lot of empathy when I got misty-eyed on the phone.
While I’ll admit to having been nervous about shipping my engagement ring off based on a few emails, the process went very smoothly. I was provided with an insured shipping label and instructions for packaging. I received a reasonable offer for my ring the day it arrived at their store. The transaction was settled exactly as agreed, and within hours of my giving final word.
There is absolutely nothing to be concerned about in dealing with Diamond Estate Jewelry Buyers via the web, and I would gladly use them again.” – Lisa Y. (Yelp)
Read more reviews from our clients at: Diamond Buyer ReviewsGet a Cash Offer Now
Sell a Diamond Engagement Ring – Knowledge Articles
How to Sell a Diamond Ring
The first thing to keep in mind when selling a diamond engagement ring is that its market value is more subjective than gold jewelry not set with diamonds or precious gemstones….
Understanding Diamond Certificates
Diamond certificates are technically known as “diamond grading reports” among industry professionals. However, consumers often hear them referred to as certificates, so that is the term we’ll use….
Diamond Setting Guide
Of all the aspects to consider when buying an engagement ring, the setting (i.e. the way the diamond or diamonds are attached to the ring) is sometimes the most overlooked….
Where to Sell a Wedding Ring Online
Sell your wedding ring and engagement ring directly to Diamond Estate Jewelry Buyers and get paid in cash today. For those who wish to sell their wedding ring in person, we have established buying locations throughout the United States where you can bring your wedding ring. For clients who wish to sell a wedding ring online, we will provide you with a free consultation and preliminary diamond appraisal over the phone. Read more at: Where Can I Sell My Wedding Ring Online
Diamond Estate Jewelry Buyers is where to sell an engagement ring, antique fine jewelry, luxury timepieces, sterling silver, and more.Get a Cash Offer Now