Sell Diamond Ring OnlineSeptember 19, 2022 – Posted in: Jewelry Blog
If you’re looking to sell your diamond ring online but don’t know where to start, you’re in the right place. Estate Diamond Jewelry has been in business for over 40 years and can offer you the best deals for both vintage and modern pieces.
Please fill out our form to receive a quote or learn more about the process of selling a diamond ring online below.
- How to Sell a Diamond Ring Online
- Is it Better to Sell a Diamond Near Me or Online?
- How Much Is Your Diamond Engagement Ring Worth?
- Where to Sell a Diamond Ring?
- Talk to a Diamond Buyer
How to Sell a Diamond Ring Online
If you no longer need a piece of jewelry, selling it is an amazing way to get some extra money. However, the process may seem daunting if you’ve never sold diamond jewelry. Without appropriate know-how, you can easily end up with an inadequate price for your item. Conversely, failing to account for the ring’s flaws might make you aim too high and struggle to find a buyer.
Here are a few tips for getting the best price for your jewelry and steering clear of potentially sketchy deals.
Test Your Ring
The first thing you should do before trying to sell your ring is to check if it’s worth the trouble. Start by doing a few tests that will confirm the authenticity of your ring. If your jewelry has a certificate, you can skip this step.
The first thing you’ll want to do is check the ring for hallmarks. Hallmarks (quality or purity marks) are small inscriptions inside the ring’s band. They give away the details of the jewelry’s precious metal. Look for the numbers that express the type and quality of the precious metal. The higher the number, the more valuable the ring is.
Since hallmarking isn’t legally required in the U.S., your ring might not have these marks. Still, you can test whether another metal is hiding under your ring’s sparkly gold or platinum exterior using a magnet. Precious metals like those mentioned won’t react to the magnet.
Finally, if you’re unsure whether the ring’s stone is a real diamond, you can also subject it to a breath test. Since diamonds conduct heat well, breathing on a room-temperature stone can give away its authenticity. The mist your breath creates should disappear immediately from a genuine diamond. There are several other tests that can help you determine whether you’re dealing with a real diamond.
So, you’ve confirmed your diamond ring is real. However, you’re still far from knowing just how much your ring is worth. If you aren’t sure about your ring’s details, it’s easy to be led astray by greedy jewelers. Having some idea about its value will save you from getting scammed. It’ll also spare you disappointment if your ring isn’t as valuable as you hold it.
It isn’t easy to compare prices without knowing the criteria of diamond ring pricing. You will find that reading a few educational articles about diamond rings will eliminate a lot of confusion from the equation. It will also help you decipher what the grading of your ring means if it has a certificate.
Once armed with knowledge, the next step is conducting some online research. You can browse diamond sellers’ websites to learn about the current pricing of diamond jewelry. Look for rings similar to yours to get a general idea about the offer you can expect.
Get the Ring Appraised
Estimating the value of your diamond ring yourself is a great way to gain some insight. However, it isn’t nearly as reliable as getting a professional appraisal. Regardless of whether the item is important to you, making sure it’s assigned the correct value is paramount.
If your ring doesn’t yet have an official appraisal, it might be a good idea to invest in one. With the certificate in your hands, your ring’s value will always be clear.
A diamond ring can have significant value, so you should stay vigilant throughout the selling process. First, ensure you only sell to reputable buyers, like Estate Diamond Jewelry. A reputable jeweler won’t try to undervalue your jewelry to their advantage, offering you a lower price than the ring’s really worth.
If you decide to sell your ring to a private person instead of a jeweler, you should also take a few extra steps for security. Take plenty of high-quality pictures of the ring before sending it off so that you have proof of its original state in the case of damage.
Mind the Post
Selling your diamond ring online will likely mean you need to send the item to the buyer through a courier. In that case, make sure your package is fully insured and tracked.
In addition, remember that sending precious jewelry overseas isn’t recommended. It may involve extra paperwork, expensive fees, and a heightened risk of loss or damage.
Is it Better to Sell a Diamond Near Me or Online?
Are you wondering whether selling your ring online or to a brick-and-mortar establishment is the more lucrative option? Here are the pros and cons of both options to help you decide.
Pros and Cons of Selling a Diamond Ring in Person
One might think that selling valuable jewelry in person is always safer than going the online route. However, depending on the buyer, this may not always be the case.
Expert Tip: The biggest advantage of selling your ring in person is that it’s a quick solution. You don’t have to wait for a buyer to show interest in your ring or conduct lengthy online correspondences. You can walk into the store and sell your item for an instant payout. It’s a fair solution if you’re in dire need of the money.
However, there are plenty of downsides to this fast method. Firstly, you need to find a reputable jeweler in your area, which may be challenging in some places. You might end up making a poor deal just because of a lack of options in your city. Alternatively, you may need to drive to another town, which is time-consuming.
In addition, the prices you’ll be offered on the spot may not be the best ones you can get for your ring. Jewelers have profit margins to maintain. Some might only buy your ring for its material worth, which is bad news for your wallet. If you opt for consignment, you’ll also have to forfeit a portion of the profit to the shop. Since a diamond ring can hold significant value, it might not be the best idea to sell it this way.
Pros and Cons of Selling Diamond Online
Today, doing business online is in no way less safe than doing it in person. As long as you do your research and find a reputable buyer, selling your diamond ring online can be a convenient and lucrative solution.
Selling online has many advantages. Above all, you might be able to get a better price for your ring this way. As opposed to brick-and-mortar stores, online jewelers have much lower overhead, so they don’t have to inflate their prices.
You don’t have to worry about distances either when selling your jewelry online. You can pick the most reliable jeweler or the seller who offers the highest price regardless of their location. This is also important if you’re selling vintage jewelry that requires expertise you won’t find in many places. Estate Diamond Jewelry has plenty of experience appraising vintage engagement rings, so you can rest assured you’ll get your item’s worth.
The only downside to selling your ring online is that it can be a more time-consuming method.
On an e-commerce platform, you might have to wait for a while until an interested buyer appears. Completing the exchange can also take time, so you might not get paid immediately. This usually isn’t a problem with jewelry sellers, though. For instance, at Estate Diamond Jewelry we reply to inquiries within one business hour, and once we make an agreement, we pay within 24 hours.
How Much Is Your Diamond Engagement Ring Worth?
Diamond engagement ring prices can vary greatly. Rings that may look similar at first glance can have thousands of dollars of differences. But the value of your diamond ring isn’t subjective; it depends on set factors.
Firstly, the diamond itself should be evaluated. The following factors are called the 4Cs and are essential information when determining the stone’s value.
- Carat weight – Larger diamonds are more valuable.
- Clarity grade – Diamonds with fewer flaws are more expensive.
- Cut grade – In the case of a round diamond, the quality of its cut is also evaluated.
- Color grade – Natural diamonds can have a yellow tint, which decreases their value.
Besides the factors above, a ring’s worth is also affected by the qualities below.
- Symmetry – Symmetry refers to the alignment of the stone’s facets.
- Shape – Cut styles can affect a diamond’s brilliance, so some shapes are less valuable than others.
- Fluorescence – A fluorescent glow under UV light decreases the diamond’s worth.
- Polish – This attribute refers to how well the stone or stones were polished.
- Treatment – If the diamond receives any sort of treatment, its value decreases.
Finally, the ring’s stone isn’t everything. Other factors that will influence the price include the following.
- Metal – The precious metal used for the setting and band and its purity also affect the value.
- Brand – Rings coming from well-known designer brands are pricier.
- Age and condition – Most jewelry depreciates over time.
These factors all work together to create the ring’s final value, so determining its price requires considerable expertise.
Where to Sell a Diamond Ring Online?
You can sell a diamond ring online in several ways. Here are some places on the internet where you can try your luck.
Estate Diamond Jewelry
Selling your diamond ring on Estate Diamond Jewelry is an easy and stress-free process. In addition, you can be sure you get your item’s worth, as our expert gemologists have plenty of experience valuing diamond jewelry. Choosing Estate Diamond Jewelry over other ways to sell your ring is also much more time-efficient. Instead of waiting for buyers to pop up, contact us for a prompt response.
Today, billions of people frequent e-commerce marketplaces. Posting your diamond ring on a platform like Etsy or eBay can thus place your ring in front of a large audience. The downside of this method is that you never know when you will actually find a buyer. You might also have to advertise your listing to boost its exposure, which sometimes costs money. Finally, you’ll need to pay for shipping your ring to the buyer, which also means additional costs.
If you have a high-end ring, submitting it on an auction website like Sotheby’s can be a lucrative idea. Nevertheless, the process is rather time-consuming and can backfire if your ring doesn’t pique many people’s interest. It also involves a few additional costs. Therefore, choosing the auction route is only worth it for expensive pieces.
How Much Is a Lab-Grown Diamond Worth?
Diamonds are valuable because of their rarity. Lab-grown diamonds are artificially created and, therefore, considerably less valuable. This may be good news for those looking for an inexpensive engagement ring. However, it’s less so for those who want to resell their lab-created diamond jewelry.
Although lab-grown and natural diamonds may look the same to the average person, diamond experts cannot be fooled. Placing the diamond under the microscope will give away its nature. Unfortunately, reselling a lab-grown diamond won’t make you rich. Jewelry with lab-grown stones may lose up to 80% of its value as soon as you purchase it.
How Diamond Ring Selling Works
Selling a valuable piece of jewelry can be daunting. However, as long as you work with a reliable business, you have nothing to worry about. Estate Diamond Jewelry places great emphasis on customer experience, and we’re ready to walk you through the whole process. Here’s what you can expect when you decide to reach out for an offer.
Step One: You Contact Us
Fill out our form with your information and diamond ring details, and upload a few pictures of the item. If your ring has a certificate, be sure to attach it. We encourage you to take high-quality images of your jewelry so our experts can give you an accurate estimate.
Step Two: We Provide You With a Quote
As soon as we receive your inquiry, we’ll estimate your ring’s value. This isn’t our final offer yet. We’ll get back to you within a business hour regarding the following steps.
Step Three: You Send Your Diamond to Our Showroom
Photos can communicate only so much, so looking at your ring in person is the next step. We’ll ask you to send the item to our New York showroom so our gemologists can analyze it.
Step Four: We Seal the Deal
If we decide to purchase your ring, we’ll offer you a favorable price. Depending on your decision, we’ll deposit the amount agreed on within 24 hours. We also offer cash, check, and money transfer payment options.
Why Estate Diamond Jewelry Is the Best Diamond Buyer
Many online jewelers may promise to pay you well for your diamond ring. However, not all of them are worth your business. Estate Diamond Jewelry guarantees satisfaction. Why? Here are the reasons.
Whether you are buying or selling, Estate Diamond Jewelry guarantees favorable prices. When you send us your diamond ring, our gemologists will make sure that it’s given the highest value possible.
Insurance for Peace of Mind
We don’t leave anything to chance. We provide free overnight shipping on all our orders, with added insurance for peace of mind. You can also rest assured your diamond ring will be treated with the utmost care during the evaluation process.
High-Quality Customer Service
Estate Diamond Jewelry places great value on its customers and prioritizes their satisfaction. Our pressure-free customer service will make you feel at ease, and nothing speaks better of customer experience than reviews and testimonials. Over the years, we have collected over 500 testimonials from satisfied customers who wanted to share their stories.
Some may be wary of online exchanges due to their perceived complexity. We are happy to let you know that you don’t have to worry about this when doing business with Estate Diamond Jewelry. We guarantee a smooth experience, whether you’re selling or buying.
Selling a diamond ring without extensive knowledge of the topic might make you feel uneasy. Fortunately for you, we provide expert advice to all customers to ensure they know what they are selling or buying.
Access to Top Gemologists
The true value of diamond jewelry can only be determined by an expert. Estate Diamond Jewelry gives sellers access to top GIA-certified gemologists. You won’t have to guess the worth of your diamond ring as we’ll tell you this information exactly.
Talk to a Diamond Buyer
Selling a valuable piece of jewelry, especially when it has sentimental value, should not be taken lightly. Where and how you sell your ring is essential to get the best price. How much your ring is worth can only be determined accurately by experts.
Estate Diamond Jewelry guarantees that you’ll get your ring’s worth. Contact us using the form below to receive a quote or if you have any questions.