Sell Diamond Rings

Cyber Monday Deals: Where to Sell Your Diamond Ring for the Best Price

Cyber Monday and the beginning of the holiday season are the ideal times to sell diamond rings if you want to upgrade your old engagement band or are just stuck in a cash crunch.

Today, we will provide a guide to help you choose the best diamond buyer that suits your conditions the best.

Choosing The Best Diamond Buyer

Cyber Monday offers a great avenue to buy your long-awaited pearl necklace or sell your old diamond ring to get a new one. However, choosing the right buyer is often tedious without proper knowledge. With our guidance, it will be much easier for you to find something suitable.

[1] Pawnshop

They are the best buyers if you are in dire need to sell your diamond ring. However, since they do not have experts and jewellery specialists, you might not get the best price. They are a fast way to get some cash, as pawnshops often buy scrap gold, silver, and diamond jewellery.

[2] Online platforms

With the internet ruling the world, selling diamond rings from the comfort of your home is a reality. Online platforms like eBay and Craigslist, to name a few, offer you such convenience. However, it might be a difficult journey because such sites charge a handsome amount for selling something. Additionally, it is difficult to decide the correct price of your item without expertise, and it becomes difficult to sell directly to buyers through these online sites. Also, be safe from online frauds who often tempt sellers with unbelievable prices that are too good to be true.

[3] Auction House

If you are confused about where to sell your diamond ring, a unique choice can be auction houses. They often sell antique and precious jewellery and have experts who will set a good price for your piece. However, the downside is that your item might remain unsold because of how irregular auctions are conducted. There is no assurance of getting a good price, too, because if the bids are set low, your ring might be bought cheaply. Finally, they charge a sum for selling a product that might not be very lucrative for you.

Also Read:- Why You Should Buy My Diamond Ring Today?

Buy My Diamond Ring

[4] Offline Jewellery Store

If you want to choose the safest way of ‘where to sell diamonds’, going to your local jeweller is the best option. They will provide the best price for your piece due to their extensive expertise in the field and would find a potential buyer willing to purchase your ring with a respectable value. However, offline stores can charge hefty fees, and there is no 100% guarantee that your diamond ring will be sold.

[5] Specialist Buyer

You can sell your diamond ring to specialist buyers who guarantee a genuine price for the item. They have expert gemologists and certified jewellery specialists who ensure an accurate and fair price for your ring. Moreover, such specialists do not charge any fees for selling your pieces, and the process is usually fast and hassle-free. To check the authenticity of online specialist buyers, it is best to go through the customer ratings and reviews to learn what others have experienced while selling their jewellery to them and make an informed decision.

Picking the best diamond buyer

To start dealing with a genuine establishment, you need to be sure of the following:

[1] Research the buyer’s legitimacy

Checking whether the buyer is authentic is the most important step in ensuring a hassle-free experience while selling your diamonds. Checking their license and accreditation and reading online reviews and ratings are important steps to be assured that they are legitimate.

[2] Go through online reviews

Reading customer reviews from verified sources online will instil trust and assure you that the buyer is genuine.

[3] Security precautions

Always ask the buyer how they are going to keep your diamond ring safe and protected at all times. Will your item be insured to protect it from theft or any other unforeseen circumstances? Asking pertinent questions is necessary to ensure there are no discrepancies and you go through a seamless procedure of selling your product.

[4] Stay safe from scams

Make sure if they charge any fees or not. Any hidden charges are suspicious, indicating the whole business is a scam. Thus, ensuring safety and trusting your gut is important to stay safe from online fraud.

Summing Up

Before you Sell Diamond Ring, it is important to know that you won’t make a profit, most likely. This is because the second-hand diamond market is unforgiving. However, if you need some extra cash, going to a genuine buyer would help. With the suggestions mentioned above, you can ensure a worry-free journey of selling your old diamond band.

FAQs on Sell Diamond Ring

How do I know if the online buyer is safe to sell my diamond ring?

To ensure that you are dealing with a genuine buyer, make sure to check their license, accreditation, and online reviews from genuine customers.

Will I earn a profit from selling my old diamond jewellery?

In most cases, you won’t. Diamond pieces are usually resold at 30% to 40% of the retail price. Unless your diamond piece has something unique about it, you are not likely to earn profits.