How and Where to Find Diamond Ring Buyers

How and Where to Find Diamond Ring Buyers

Across our publication, The Diamocycle Dispatch, we discuss the many places you could find diamond ring buyers. Our legacy in diamonds began in 1857, over 164 years ago. We take pride in giving you the best advice we would share with a valued customer. 

How To Find Diamond Ring Buyers

Diamonds go through many sellers before they reach their final customer. Each seller makes a profit and marks the diamond up each step of the way. Your goal as a seller should be to sell as far down the distribution channel to get the most from your diamond. Because you purchased the diamond at the end of this distribution channel, it is hard to make money selling it. You paid these many markups, and when you try and sell it, you will find you are only offered a portion of what you paid. This can be unpleasant, but each seller in this distribution chain makes money. While it is important, and sometimes necessary, to get a quick payment for your diamond ring, the buyers that will offer you an immediate price online or locally are farther down the distribution channel.

There are two ways to securely sell your diamond ring to a retail buyer. An auction for diamond rings is one. The auction should be marketed to retail customers and not wholesalers. Two auctions that sell to retail customers are Sotheby’s for luxury diamond rings and Everything But The House for more affordable diamond rings. These auctions photograph your diamond ring and have an in-house gemologist verify it. They provide excellent marketing for your diamond ring. The end purchaser is a retail customer at the end of the distribution channel. Our preferred venue for selling diamond rings is the marketplace for pre-owned jewelry. The advantage of the marketplace is that you do not risk selling your ring for too low a price, and the fees for completing the transaction are generally less than an auction. 

Where to Find Diamond Ring Buyers

At Diamocycle, we have a marketplace for diamond rings that sells directly to retail diamond ring buyers and offers a secure transaction. A 3rd party gemologist inspects the ring, the funds are securely held, and you are supplied a fair market price for your diamond ring. A low service fee is charged, which is less than an auction, and you maintain physical possession of your diamond ring until Diamocycle has the funds for your ring. We offer you a low-cost, secure way to sell directly to retail diamond ring buyers. Start selling here. Submit a Listing — Diamocycle