Need to sell an engagement ring? You've come to the right place! Follow this simple guide to get started:
Have been wondering how to sell an engagement ring online? We’re here to 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.
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.
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, 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)
- There is a clarity grade of VSI or better
- The color grade is G or better
- They are the 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.
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 diamonds. 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 brick and mortar store.
Real Reviews From Customers
Let me tell you paula was the best she helped me so much with my fathers watches $ was put in my account as soon as she got the watches I would recommend this place always thanks for read more such great service.
Wonderful service! Paula made the selling process so easy for me from beginning to end. I live out-of-state, and she walked me through, step-by-step, exactly what to do to work with read more Diamond Estate to sell my diamonds. The process was effortless on my part! The owner gave me an excellent price. Paula was very professional and a pleasure to work with. I highly recommend working with Diamond Estate.
This company was excellent to deal with and very fair on their offer. Paula Dabney took care of my transaction and kept me informed of everything. The money was wired to me within an read more hour after the received my watch. I highly recommend this company to deal with..
I had never sold anything online before, so was a little nervous about selling my Rolex. Based on Yelp reviews, I visited DEJB’s website and was pretty impressed. Worked with Paula read more to text some pics and got an estimate within hours. I got estimates from three other places and DEJB was right in line with two others, but was a touch higher. Based on the great customer service, I went with DEJB. Once I said I was in, Paula got me the prepaid, secure, insured shipping information within hours. Once received, they let me know my Rolex was as described and wired the full amount immediately. What else can I say? Fast, secure, friendly, fair – what more can you ask?
Diamond Estate Jewelry offered the best cash price for my watch; $300 more than the local place I talked to. And the wire transfer was very simple and smooth. Recommend them and would read more use them again
When deciding to sell a special piece of jewelry, especially when you are sentimentally attached to it, it is very difficult to part with it. Then I realized that I would never wear read more it and keeping it in a box for years and years was useless. So I “made the call” to Lori after doing a little background reading of Diamond Estate Jewelry Buyers. I was apprehensive about sending jewelry through the mail but it went very well and I was pleasantly surprised. Am I sure I received the best price? I have no way of knowing, but I was happy with what they offered and I am satisfied. I will no doubt use their services again.
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 read more 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.
The people at Diamond Estate Jewelry Buyers were professional and courteous and offered a good price for my ring. I wasn’t sure I wanted to ship off my ring so I researched the company read more as much as I could until I was satisfied. Sure enough, their business with me matched up to the reputation I saw online. I highly recommend them.
I worked with Paula the most and she was great. Very patient, very kind; answered all my many questions. Received agreed upon payment extremely fast, as promised. It is scary to send read more jewelry in the mail, but everything worked as I was told it would. I would do this again.
When I was thinking about selling a piece of jewelry I had, I looked at several different places. I just kept coming back to DEJB. I called, spoke with Paula & she was wonderful to read more work with. So friendly & knowledgeable. She explained everything to me from the first phone call. She really put my mind at ease. My transaction was quick & easy. Paula & Carl were so easy to work with. I will definitely work with them again. Thank you Paula & Carl for everything!