Tips for Selling Jewelry for Money

Selling diamonds takes different forms depending on the person selling them and if they are a professional or simply someone who want to sell an engagement ring because of a failed engagement, divorce or they inherited a ring they did not want. Expert jewelers like the pros at any one of these companies. are trained in sales technique which differs from the way diamonds are priced and marketed to the way they interact with customers. Most of those who want to sell these items are not jewelers. In this case, there are a few things that should be taken into account which includes appraising the ring and the general value then looking into different avenues for selling.

Pawn shop

Wedding silver diamond ring isolated on white background

People who are in need of money desperately see that opting for nearby pawn shop or even a jeweler is the best and most secure alternative. The store is going to return a fraction of the value and for some people, that is better than nothing. Professionals are not going to offer much more unless the diamonds are of high quality. The amount of money they are going to offer for the ring will be around one third of the initial price of the diamond.


Another alternative for selling the ring is online or in your local newspaper. This can be a bit hard since not everyone is willing to spend their money on a ring that is from a broken marriage or engagement more so if they have not seen. However, this is one way you can actually get a bit more money for the ring. You other option is to sell it to your acquaintance who is willing to pay almost what it would cost them to buy it in a jewelry store.

Regardless of the method you choose to sell your ring, it is vital to get it appraised independently and valued first from different jewelers. This is going to give you a good idea of what the worth of the ring is so that you can haggle the sale price with confidence. It is not remolded to get an appraisal and then immediately sell the ring to the jeweler. There are some untruthful jewelers that are going to give you a low appraisal hoping to make more money in a future sale.

It is vital for the appraisal to be in writing so that you can show potential buyers. If the jewelry that you have has been certified and graded, you should also hang on to that certification too.

If you decide to advertise your ring on the internet, it is vital to be cautious. Do not meet the person that wants to buy it in an alley or other unsafe places. There are some rogues out there who will want to trick you into meeting them pretending that they are going to buy the ring only to end up stealing it from you. If possible, you should be the one choosing the location where you will meet and it has to be in a public place.