Tips for Selling Engagement Rings

There are many reasons why you may want to sell your engagement ring and whatever that may be it is likely that you will want to get as much money out of it as possible. There are a few things that you can do to help increase the amount of money you make.

Here are some tips for selling engagement rings.

Locate the Right Buyer

There are few options to which you can sell engagement rings to, local jewelers, pawnshops, online diamond buyers, or the random person you may come access.

If you know someone who is willing to buy your ring for an amount that you are comfortable with go for it, but otherwise it will be hard to sell on the secondary market because many will not be able to tell if it is real or not.

If you are in a hurry local buyers will offer cash instantly, but this is not the greatest option because then tend to give low offers. Online buyers’ services have increased in popularity over the past couple of years as most see the benefits they have to offer.

No matter what you decide make sure you are getting what you want out of selling your engagement ring.

Know Your Ring

Knowing what you have will help you to tell if you are getting a good deal or not. Most rings have two parts, the diamonds and gems and the setting in which they sit.

The value that buyers appraise your ring at will be determined by a few factors, carat weight, color, clarity, and cut. Having documentation on any stones that came with your engagement ring will help provide you with the grading details and give you an idea of its value.

Gage the Market

Gold, silver, diamonds, and other products vary in price for a number of reasons. Certain diamond shapes can be trendy at different times causing their value to change. Also the valuable metals that your setting is made from can vary in price greatly.

There are charts online that you can go to to see what people are offering for ounces of gold, silver, and platinum.

These are just a few tips that will help you to make as much money as possible when you need to sell an engagement ring.