- Local jeweler or diamond exchange.
- Local cash for gold/silver/diamond store.
- Local pawn shops.
- Marketplaces like Etsy and eBay.
- Professional online jewelry buyers like Worthy.com and CashforGoldUSA.com — the best way to get the most money for your engagement ring.
What is the best way to sell a 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.
Where can I sell my diamond ring for the most money?
| Rank Name Offer | 1 Diamond specialist $2,300 – $2,500 | 2 Local jeweler $1,500 – $2,000 | 3 Worthy.com $1,540 | 4 ‘We buy gold’ store $1,300 – $1,400 |
|---|
Where can I sell my ring for a good price?
eBay
– There are over a million pieces of jewelry for sale on eBay at any given time so if you decide to sell an engagement ring there, you will literally be one in a million. Unlike shops and stores, you can get a good deal on your ring through eBay but there is no guarantee.
What is a fair price for a diamond ring?
| Diamond Carat Weight Price (Per Carat, Round Brilliant Cut) Total Price | 1.0 carat $2,500 – $18,000 $2,500 – $18,000 | 1.50 carat $3,300 – $24,000 $4,400 – $32,000 | 2.0 carat $4,200 – $29,000 $8,400 – $58,000 | 3.0 carat $7,200 – $51,000 $21,600 – $153,000 |
|---|
How much is a 1 carat diamond worth?
According to diamonds.pro, a 1 carat diamond costs anywhere
between $1,800 and $12,000
. However, a quality diamond doesn’t just come down to size. When assessing stone value four very important factors are always taken into consideration – the four c’s of diamond quality: color, cut, clarity and carat.
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. … There is no reason for a jeweler to pay the same price for your diamond when such a stone can be bought for much less from a diamond dealer.
Can I sell my ring to a jewelry store?
Yes
, you can sell your diamond ring at a jewelry store.
Before you visit your local jewelry store, you should contact the store first, just to double check.
How much do pawn shops pay for diamond rings?
How Much Do Pawn Shops Pay for Diamond Rings? Most pawn shops usually pay
about 30 to 60% of what a diamond is worth
.
Is it better to pawn or sell jewelry?
Pawning your jewelry
is a really good option for two reasons. First, it’s great if you need money quickly but you also want to keep your jewelry. Second, because the pawn shop doesn’t have to worry about having to sell your jewelry, you’ll probably get more money. … You’ll make more money this way.
Does Kay Jewelers buy jewelry?
Kay Jewelers opened its first store in Reading, Pennsylvania, in 1916. … 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 do I know how much my ring is worth?
The most straightforward way to figure out the market value of a diamond is to
check the prices of stones with the same carat weight and of the same clarity, cut, and color grades
. You can do your research online and calculate an average price, which will serve as an estimate of your diamond’s value.
How much can you sell a ring for?
While the factors above all influence the resale price of an engagement ring, in general you can expect to get
20-45% of the original retail price
. If you sell your ring to a jeweler, this number will be affected by their markup. Larger stores will likely have a higher markup than your local independent jeweler.
How much is a 1 2 carat diamond worth?
| Loose Diamond Weight Starting Price | 1 Carat $4,950 | 1 1/4 Carat $6,350 | 1 1/2 Carat $8,950 |
|---|
How much are tiny diamonds worth?
Melee diamonds are small—between 0.001 and 0.2 carats—so they are not very valuable. The
average price of a 0.50 carat diamond is $1,500
, and the largest melee diamonds are less than half of this weight.
What is the engagement ring price rule?
General Rule:
You should spend at least 2 months salary on the engagement ring
. If, for example, you are making $60,000 per year, you should spend $10,000 on the engagement ring.
