An Easy Route to Sell Engagement Rings

Selling engagement rings is probably the last thing you can even think of. But there are instances when holding it back brings back flashes of the relationship that didn’t work out. If there is something so unpleasant attached to the engagement ring, what is the whole point of keeping it stacked in the jewellery box? Selling an engagement ring might be the final nail in the coffin, but you need to take this step to ward off all the unpleasant memories that are associated with it. So, if you are looking for the best way to sell engagement rings, then keep on reading to explore the route.

What is the Ideal Way to Sell My Engagement Ring?

So, you and your partner have decided to call it apart. Now is the time to finally de-clutter the things associated with the relationship and the first thing you should bid farewell to is your engagement ring because it is a continuous reminder of the relationship that didn’t work. Before selling an engagement ring you should be well-versed with the following points:

• Understanding the worth of your ring: Apart from the relationship falling apart, another reason behind selling an engagement ring could be that you have decided to upgrade the ring, or the existing ring has lost its sheen, and you need a replacement. In either case, you must understand the value of your ring before selling the engagement ring. Here, you need to be aware of the 4Cs (cut, colour, clarity and carat) which are the 4 pillars behind any diamond jewellery. The better the cut, colour and clarity, the more you will fetch for the ring. Similarly, the higher the carat weight, the better will be the price offered.

All such details are categorically mentioned in the certificates you get with the ring. Hence, you should keep these certificates safe so that you can produce the documents at the time of selling the engagement ring. However, if you have misplaced the certificates, then you need to get the engagement ring appraised by the jeweller. This will help you get an idea about the prevailing market price so that you can set realistic expectations from the sale deed.

Also Read: – How Can I Sell My Old Engagement Ring?

• Finding the right place to sell engagement ring: Once you have researched about the worth of the ring, you need to figure out the right place to sell it. Jewellery stores or pawn shops are the most common options to strike a deal. However, visiting a jeweller is a better idea because of the easy access to customers and the trust factor associated with the jeweller who has been running the store for years. You can even chose to sell it online if you have researched well about the customer. You will find people you look for second-hand engagement rings, and they can be your target audience. In such a case, you can get a better price as well, but there is definitely risk involved in the transaction. Make sure that the paper trail is in order to avoid last-minute glitches.

• Negotiating the sale of the engagement ring: So, you know the worth of the ring and you also know about the right platform to sell it, but what about the price of the ring? Setting realistic demands will help you strike a deal easily. To do that, learn about the existing trends by visiting multiple jewellery stores. Get estimates from different jewellers so that you know what to demand when you sit across the table.

Make sure you don’t quote a very high price else you will end up losing the deal. Being calm and composed is something you will need to make the deal happen because negotiations are frustrating and no matter what you should avoid all kinds of confrontations. Going in with a plan is always recommended as it will save you from unnecessary hassles.

Conclusion:

Selling an Engagement Ring is an emotional decision because no matter how sour things might have turned now, but once you had promised to exchange vows and spend the rest of your lives together. Hence, it is recommended to go by the moment and sink in the feeling of parting with the engagement ring. Once decided, you can visit www.sellyourdiamond.co.uk to fetch the best price of the ring. Feel free to reach at 02071015011 to schedule an appointment. You can mark your queries at info@sellyourdiamond.co.uk to get an immediate response.

Frequently Asked Questions on Sell Engagement Ring

What is the resale value of diamond engagement rings?

The resale value of diamond engagement rings is usually 20-60% of the original value. It depends on the condition of the ring and the 4Cs.

Which is the best platform to sell engagement ring?

Visiting a local jeweller is the best and most trusted option to sell engagement ring.