While an online ring buyer is likely best, you have several options for selling an engagement ring:
- Local jeweler or diamond exchange.
- Local cash for gold/silver/diamond store.
- Local pawn shops.
- Jewelry auctions.
- Consignment shops.
- Marketplaces like Etsy and eBay.
Then, do engagement rings have resale value?
In most cases, a diamond engagement ring or other diamond jewelry will have a resale value of between 20 and 60% of the amount it cost when it was new.
Regarding this, will a jeweler buy my ring?
Most jewelry stores and pawn shops pay approximately 50 cents for every dollar of scrap gold value. If the value is $1,000, for example, a store will offer to buy the ring for approximately $500. At Abe Mor, however, they offer 75 cents for every dollar of scrap value.
Do diamond rings hold their value?
You’re expected to lose around 25% to 50% of the diamond’s cost value if you try to sell it in the market. 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.
How do I find out how much my ring is worth?
If you want a solid answer to the question “how much is my ring worth,” your best option is to get it appraised. A qualified professional has the proper skills and education to evaluate the jewelry. This way, you’ll know exactly what you should be asking for it should you want to sell it.
Is now a good time to sell diamonds?
Also, if you are on the fence as to whether now is a good time to sell your diamond, the answer is yes. Diamond prices are up at about 30% over the past couple of years (keep reading to learn why).
How much can you sell a 1 carat diamond for?
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 .
What do you do with engagement ring after break up?
What To Do With An Engagement Ring After A Breakup?
- Keep The Ring. Everyone feels differently after a divorce. …
- Turn The Ring Into Another Piece Of Jewelry. Turn the ring into a new piece of jewelry to symbolize a new start in your life. …
- Return The Engagement Ring. …
- Sell Your Engagement Ring.
Can you sell a ring back to Kay Jewelers?
Kay Jewelers makes a straightforward commitment to buy back your ring at the original retail price (minus taxes and shipping). The actual market price isn’t a factor in the offer and they may even be paying slightly over the actual second hand value of the ring.
Does Zales have a buyback program?
If for any reason you are dissatisfied with your purchase, you may return your item based on our Return and Exchange Policy. Returns and exchanges are permitted within 60 days from the purchase date for jewelry, and within 30 days from the purchase date for watches. See full Return Policy for details.