Quick Answer: Where Is The Best Place To Sell A Diamond Ring?

How much is a 1 carat diamond worth resale?

This is evident when you look at the average retail prices of diamonds by carat weight.

On average, the retail price for one carat diamonds can be anywhere between $2,000 to $16,000, and between $8,000 to $72,000 for two carat diamonds ..

Is it better to pawn or sell jewelry?

Even if you do meet all of your payments, the main difference between pawning diamonds and jewelry and selling diamonds and jewelry is that whereas selling generates cash, pawning only lends you money that you have to pay back with interest. … Diamond buyers alone can offer the best prices for your diamond.

How can I sell my jewelry without getting ripped off?

How To Sell Your Gold Without Being Ripped OffKnow the Realities of Selling Gold. Realize that even though gold prices are above $1,800 an ounce, you aren’t going to get that. … Shop Around. Take your gold to two or three independent appraisers. … Keep the Gems Separate. … Be Careful of Mail-In Gold Sales.

How do I sell my diamond ring at a pawn shop?

You can take a diamond ring into a pawn shop, a jewelry store or a diamond/jewelry dealer. Each one is likely going to provide you with a different value on the ring and offer you a different amount. You will want to go with the highest bidder, so it’s a good idea to visit a few different places.

How much can I sell my diamond 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.

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. The retail price you pay for a diamond at the store is higher because it includes overhead expenses, such as rent and personnel salaries.

Where can I sell my diamond ring for the best price?

Where To Sell An Engagement RingOnline. The fastest and easiest way to sell your ring will be to find a diamond buyer online. … An Independent Jeweler. Another sales route is to visit an independent jeweler. … A Vintage Jewelry Store. Another option is a vintage jewelry store. … An Auction. … A Broker. … Pawnbroker. … Worthy.com. … CashforGoldUSA and CashforDiamondsUSA.More items…•

Where is the best place to sell engagement ring?

Best Places to Sell Your RingReputable jeweler – If you want a fast and easy sale, a reputable jeweler is a good place to start. … eBay and auction sites – The great thing about eBay and other online auction sites is the fact that bidding may work in your favor.More items…•

How much are tiny diamonds worth?

Just as the price of regular diamonds rises with their carat, so does the value of diamond chips. A melee diamond of 0.01-0.02 carats (or 1-2 points) can cost between $300 and $700 per carat depending on the stone’s color and clarity as well as the seller (wholesale prices are lower than retail ones).

Can I sell my ring to a jewelry store?

Yes, you can sell your diamond and your setting. … While it is a financial loss to sell your ring for scrap gold, at least you are able to recuperate some of the cost. Most jewelry stores and pawn shops pay approximately 50 cents for every dollar of scrap gold value.

Where is the best place to sell diamonds?

Where can I sell a diamond near me?A local jewelry store.Pawn shop or consignment shop.Diamond and gold exchange.

Does Diamond have resale value?

The resale value of diamond indeed depends on several factors and does not simply fluctuate like gold rate. Typically, you should expect to resell your diamond at 25% to 50% lower than the price you bought it.

What do you do with an unused engagement ring?

How do I sell my engagement ring?Sell to a jeweler or diamond exchange near you. You may have a relationship with a trusted jeweler, or find someone on Yelp. … Pawn shops typically buy all kinds of gold and diamond jewelry, but expect to pay a very high commission.Online diamond and jewelry buyers.

What jewelry has the best resale value?

For the second year in a row, Van Cleef & Arpels came in at the top spot, with a 74 percent resale value—a 5 percent increase from last year. The RealReal said the brand’s signature “Alhambra” motif is a top draw for its customers.

How much do pawn shops pay for wedding rings?

Obviously, you should find a way to sell it for as much money as possible. One place to sell a diamond ring is a pawn shop. So how much do pawn shops pay for diamond rings? Pawn shops will typically pay 30 to 60% of what a diamond is worth.