Simple Steps to Determine the Value of Your Old Diamond Ring
Are you sitting at home and wondering what to do with old diamond ring? The diamond ring piece might belong to your uncle, or aunty, or any other family member. No matter how old it gets, jewellery pieces are always valuable. However, when people get in dire need of cash, they look for places to sell old diamond ring. If you are looking for the best way to sell your gold ring, you have most likely arrived at the right place.
Diamond engagement rings are beautiful and wearable. Sometimes, you may wonder: how can I sell my diamond ring for the most money? However, the answer can be pretty complex. There are various steps involved to determine the actual value of the jewellery. From classic diamond rings to solitaire wedding band sets, there are endless choices, designs, stones, shapes, and designs for engagement rings. The use of other precious stones in engagement rings, such as rubies, black pearls, sapphires, opals, etc., increases the value of the rings.
Read more: Best Place to Sell Your Diamond Ring for Cash
In this article, we will learn the steps to sell your used rings along with essential points that need to be considered:
- Metal
It is one of the main reasons why it is difficult to measure the value of a ring as it keeps on changing, such as silver, gold, platinum, and many more. However, once you know the composition of the material, it can be helpful for you to figure it out. For example, the higher the karat number is when it comes to gold ring, the higher its purity is. The pure the metal is, the more valuable the diamond ring piece is. If you think, “how can I sell my expensive wedding ring” considering metal composition is one of the ideal ways to measure its value.
- Brand and Age
Brand value is one of the essential points. If you buy jewellery from a well-known designer, your buyer is more likely to trust you. You can also maximize its price by presenting its original paperwork and box. However, when it comes to age, rings aged between 20 to 100 years are considered vintage, positively impacting the price. In comparison, rings that are older than 100 years are considered antique, which makes the piece more valuable.
- Jewellery Certificate
You are wondering where to sell my diamond ring for cash? Wherever you do it, do not forget about your diamond certificate. The diamond ring, which is GIA certified, increases the piece’s value, as it represents the clear picture of the jewellery, the quality of the stones, etc. However, other grading laboratories do their findings, but the kind of inspection GIA does is more reliable.
If you do not have a certificate, you can reach out to a local jeweller or pawn shop who will have a quick look at the ring.
