Where and How Can I Sell My Diamond Ring For Cash
Including
What gets me more cash selling online or in-person
What paperwork do I need to sell my diamond ring for cash
What’s the fastest way to sell my diamond ring for cash?
How much cash should I get for my diamond ring?
Our top 5 places to sell a diamond ring for cash
How to start selling for cash now
Across our publication, the Diamocycle Dispatch, we discuss the many ways to sell your diamond ring for cash. This piece outlines where and how to sell a diamond ring for the most cash. Our family legacy in diamonds and jewelry began in 1857, over 164 years ago. We take pride in giving you the advice we would provide a valued customer.
What gets me more cash selling online or in-person
We never recommend selling a diamond ring for cash in person. Selling in person for cash should be a last resort when you are in dire need of funds. If you have to sell in person, get at least three buyer bids. We suggest avoiding cash for gold stores and pawnshops. Instead, try getting offers from jewelers with long-standing stores that will sell your ring in their case to a retail customer. Many jewelers buy diamond rings for cash and then sell them to wholesalers with better distribution channels. These are the same buyers who would purchase your ring online, so you are cutting out the middle man by selling online.
What paperwork do I need to sell my diamond ring for cash?
You should have a diamond certificate when selling a diamond ring for cash. It can be helpful if you have a bill of sale or a jewelry appraisal. You will not recover the price of the appraisal when selling a ring for cash. This is because this is the retail insurance replacement amount. The bill of sale and appraisal gives the wholesale buyer confidence that you are the rightful owner of the ring and that it is not stolen. They will have to do their inspection of the ring, and you should not be able to get an accurate quote from this paperwork. A diamond certificate from GIA will help a buyer give you an accurate quote for purchasing a diamond ring for cash. If you do not have the original diamond certificate, the diamond is most likely inscribed on its edge.
What’s the fastest way to sell my diamond ring for cash?
The fastest way to sell a diamond for cash would be to sell it to a local buyer. We strongly recommend you sell online. Some reputable online buyers can purchase your ring from you within 72 hrs. You should expect to receive a minimum of 20% more money by selling online. You could receive two times more money if you list it in an online marketplace for pre-owned diamond rings.
How much cash should I get for my diamond ring?
When selling a diamond ring locally for cash, you might recover 20% of the retail cost of the ring. When selling a diamond ring online for immediate payment, you might receive 35% of the retail price of the diamond ring. When selling a diamond ring in an auction, you might receive 30-40% of the retail cost of the ring. Finally, when selling in a marketplace for pre-owned jewelry, you might recover 50-70% of the retail price of the diamond ring.
Our top 5 places to sell a diamond ring for cash
5. Everything But The House
Everything But The House is a non-jewelry-specific online auction. We believe it s a great place to sell diamond rings. Dealers have also been known are known to buy and sell on this website. They do a great job photographing the listing and providing descriptions. They also have an onsite gemologist.
Pros: A reasonable market sales price. A relatively quick well to sell. Most of the work is done by the company.
Cons: Their fee is relatively high.
For a diamond ring:$500.00-$15,000
4. Sotheby’s
Sotheby’s online jewelry auction is our favorite place to sell an investment-quality diamond ring at a great price. The images are flawless, and the company does all the work of marketing your investment quality diamond ring.
Pros: Relatively fast selling process. An excellent way to sell high-value diamond rings.
Cons: They are not going to accept most diamond rings.
For a diamond ring: $10,000-1,000,000+
3. WP Diamonds
Online overnight buyer of diamonds
Pros: Fast and safe transaction.
Cons: You will likely receive less money than an auction and less than a marketplace for pre-owned diamond rings.
For a Diamond Ring:$2000-$50,000
2. A Friend or Colleague
Selling a diamond ring from a friend is not a bad idea. A couple of Pro-tips are. First, have the ring appraised for a cash value by a gemologist before the transaction. We suggest selling the ring for no more than 70% of the retail price of the used ring. This transaction can be socially trickery if it does not work out. That said, it could be a win-win scenario for you and your friend.
Pros: You can help a friend and possibly get a reasonable price. You can make more money than selling to a local or overnight online diamond buyer.
Cons: Trickery social implications.
For a Diamond Ring:$500.00-$3000.00
1. Diamocycle Marketplace
Diamocycle is our marketplace for diamond rings. We have diamond rings in a marketplace that are verified for authenticity before completing each transaction. We also have used rings with and without diamond center stones. A 3rd party gem lab inspects everything.
The marketplace is the best place to list diamond rings for sale by owners.
You can sell from the comfort of your home. You don’t have to worry about the transactional risks associated with eBay, Facebook Marketplace, or Craigslist. We set the market price, so you’re getting a fair deal. Our interest is to see that you get a fair and honest price for your diamond ring. You will likely get two times more money than selling locally for cash.
Again our family legacy was in diamonds and jewelry was founded in 1857, and we know reputations are hard to earn and easy to lose.
Pros: A higher market price than a local transaction. We do the selling work for you. You sell directly to a retail customer at a higher market price.
Cons: You must wait for a retail customer to buy your diamond ring.
For diamond rings: $100.00-$25,000
How to start selling for cash nowhttps://www.diamocycle.com/sell-a-diamond