Buy Back Engagement Rings

Used jewelry accounts for 78% of the luxury goods second-hand market. Jewelers routinely buy back engagement and wedding rings and are happy to give you a cash payment. They will either clean and polish the ring and resell it, or separate the diamond to use in another design. The precious metal setting is then smelted for bullion and nothing is wasted.

buy back engagement rings

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Selling an unwanted diamond engagement ring to a jeweler is certainly a quick and fairly easy way to make some money. The problem is that when you sell an engagement ring back to a jeweler, you will inevitably sell at a significant loss. If you know the original retail value of the ring ( and are in a financial position to decline low offers) you can at least try to hold out for 70% of the original price.

You can potentially earn more money if you sell a diamond engagement ring online. You should certainly expect to get an offer that is towards the top of the price range for the carat weight, cut and quality of your diamond. Online businesses have 3 key advantages over local jewelry stores:

Selling your engagement ring to a local jeweler or pawn shop may give you quick cash, which is important to a lot of people. However, keep in mind that brick-and-mortar jewelry buyers typically pay less than online buyers, so I recommend considering a reputable diamond buyer online like DiamondsUSA. Here are the top reasons why Diamonds USA is our No. 1 recommendation:

DiamondsUSA is the also the best option for selling your wedding rings of gold and platinum. Actually, DiamondsUSA and its sister sites, CashforGoldUSA and CashforSilverUSA, can help you sell the following:

While over time, diamonds have historically risen in value from a retail price point, do not expect to get your money back on an engagement ring. Typically, resale value of fine gemstone jewelry is one-third to one-half of what you pay for it. In recent years, diamond prices have fallen, making now a good time to sell before prices drop further.

A 1-carat diamond and gold engagement ring will fetch resale prices ranging from $1,000 to $5,000, depending on the cut, quality and setting. Platinum setting and large side stones can mean higher prices, as can name brands like Tiffany or Cartier.

Overall, I am a huge fan of selling your engagement ring in the event that your relationship ends, and I did so myself. The owner of the engagement ring is typically the women, so you are free to sell it when you divorce.

How about you? Do you still have your engagement ring? Or did you resell your wedding ring, give it away, turn it into a necklace, or throw it out the car window into a ditch on the way home from the court date finalizing your divorce? Do you feel you understood the true resale value of your jewelry?

Mike Fried has written hundreds of articles and helped answer more than 30,000 emails from our readers. This has given him a unique perspective on what information truly helps our readers in their quest for finding the perfect diamond engagement ring or piece of jewelry.

The ring we used was a 0.53ct round diamond in a classic Tiffany solitaire setting. We originally purchased it for $4,500. Obviously, we expected to lose a lot of money on the transaction. The question was, how much?Please note that we used a Tiffany ring for this test. Tiffany diamond rings are insanely expensive and very poor bang for your buck. That is the reason there was such a large gap between the amount we paid and the amount we were able to sell it for.

Received great in-depth assistance from Veronika on my quest to buy an engagement ring for my partner. It can be quite a minefield for someone without industry know-how to get a great, well-cut diamond on the online marketplace, so the second opinion was not only welcome but desperately sought. In the end, I received wonderful advice and am confident the diamond purchased was the best my budget could afford! Thank you

Please keep in mind that this test was done with a Tiffany & Co ring. Tiffany has an incredibly high markup for their rings. A ring like that in white gold from Blue Nile would cost about $1,350. A diamond ring like that would get you a better return. For example, Abe Mor said they would buy that one for about $800. That would mean a net loss of only 39%.

Selling on eBay or Craigslist is possible, and it may net you slightly more than selling elsewhere. However, pre-owned diamond rings rarely sell quickly (especially at near-retail prices), meaning you may need to wait for a long time before your ring finds a buyer.

There are 4 key disadvantages to jewelry buybacks. There are also several minor details that you need to know before you decide to trade in a diamond engagement or wedding ring (or diamond earrings, pendants, necklaces or tennis bracelets). It pays to actually read the terms and conditions before you visit a store.

But when it comes to selling the rings, the ring with the solitaire setting and the larger diamond will be worth considerably more as it is the diamond, rather than the setting that is valued by jewelry buyers.

So, while the stats of your center diamond and the amount of gold in your setting are important, supplying some clear and high quality images of your engagement ring can go a long way to putting them in a positive frame of ind to make a good offer on your ring.

A cautionary tale: I had a client take an engagement ring to a jewelry buying events at a local hotel. They offered a fair price for the gold, around $200. But the ring had a $2,000 diamond in it! We paid her $2,200 for the ring.

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Looking to sell jewelry, such as a diamond ring or engagement ring? Wondering where to sell jewelry or who buys jewelry near you? International Diamond Center might just be the best place to sell jewelry. Here are the four options we offer:

Need cash now but want to keep ownership of your item(s)? Our short-term loan is an easy and straightforward way to do just that. The process and offer are almost identical to our cash offer, but with a monthly interest rate (typically between 1.5%-10%). Pay the monthly interest amount each month and when you're ready to take back possession of your item(s), pay the original loan amount plus that month's interest charge.

If you have an item of particular quality and value that you're interested in selling but don't have an immediate cash need, consignment might be the best option for you. Items on consignment will normally yield the customer between 75-90% of the sale price, all of which will be agreed upon at the time the consignment item is received. We typically reserve consignments for items of a particular quality and value. On average items that we take in on consignment will sell between 90-180 days of receiving the item, but in some instances can take up to a year. When you place an item on consignment with us, you always have the option to sell your item outright, trade it towards another piece of jewelry, or request to receive it back. Simply call or email the contact information on the consignment form.

At International Diamond Center, we buy all types of jewelry, so whether you are looking to sell an engagement ring, sell a Rolex, sell a diamond ring, or are simply looking for jewelry stores that buy quality jewelry near you, we are the jeweler to trust. Make an appointment now to have your jewelry inspected, learn our offers, and select the offer that's right for you.

Yes, as part of our commitment to the quality of our diamonds, Tiffany & Co. allows you to upgrade your original Tiffany diamond engagement ring at any time. Upon review, you will receive a credit up to the original purchase price, which can be used toward the purchase of a new Tiffany engagement ring.

Please note, the retail price of the new engagement ring must be at least 100% greater than the original purchase price. Damaged or blemished engagement rings will not receive full credit. Visit a Tiffany location near you or contact a Diamond Expert to learn more about the Engagement Ring Upgrade Policy.

Diamonds Direct will gladly resize rings purchased from us free of charge! The turnaround time for ring sizing is dependent on the type of ring you have. In most cases, we can accommodate sizing requests within a few days to about a week. Our shop offers many options to fit your schedule and your sizing needs.

Some of our designers do require us to send rings back to their studio for their artisan craftsman to size. If that is the case for your ring, sizing may take a few weeks. We will gladly coordinate the shipping of the ring to the designer on your behalf free of charge.

At Siegel Jewelers, we say NO to jewelry NEGLECT. Instead of neglecting your jewelry by never wearing it, Siegel Jewelers will offer you cash for your treasures! You heard us correctly. We will buy back your jewelry and give it a proper home in among our estate collection. Say NO to jewelry neglect, and say YES to money on the spot.

There are many reasons why someone might decide to sell their engagement ring. You may be looking to sell your engagement ring because of a broken relationship, need funds, or simply no longer love the ring. Whatever your reason may be, you may be wondering if it is ok to sell your engagement ring. 041b061a72