Sell Diamond Ring in Sydney. You, like others have heard the popular media say that ‘diamonds are forever’, Indeed they are but unfortunately they will outlast any of the love shared be it short or long term, but enough of the doom and gloom. Lets turn that frown upside down :).
You have a number of choices on how to you can sell diamond or sell engagement rings, but before you do, what are your reasons for selling?
Your reasons may be emotionally charged due to a messy or unwanted break up or simple practicality but it’s now important to understand that the sale of any item is a financial transaction driven by the basic rules of economics and state laws. You may want to sell diamond rings or engagement rings for the best price, whilst the potential buyer wants your diamond ring for the lowest price possible and this is where it can become time consuming if your dealing with amateurs.
Our advice is to simply, if you can, take your time in making a decision and thoroughly research the diamond ring market to make sure that you know what you’re selling and getting the best possible cash price which sell diamonds offer.
When love is lost and we decide to sell diamond ring to move on. What do you need to know to successfully sell diamond or sell engagement rings and get the most money for it?. Where should you look and what documents should you have?
How to Sell Diamond Ring.
How to Sell Diamond Ring. When you want to sell diamond rings or sell diamonds, you are probably thinking of several options: firstly being a ‘cash for diamonds’ store in the city, your local diamond jewellery shop, an online auction website like eBay or one of the many other online gold and diamond buyers. There is also gumtree but this wouldn’t be the best option for a quick result if your in need of instant cash. Here, we will try to weigh the pros and cons associated with all of those options. We will also need to mention the certificates and paperwork you need to make the most money for your diamond or engagement ring. A diamond ring can be a very expensive item and the price you could get for it from various sources might differ by a great amount so you need to be very careful.
- Get the ring appraised. The value of a diamond is calculated through a number of factors: color, cut, clarity and carat weight. Only a professional and qualified gemologist can determine the correct grading for the diamonds in your ring and provide an approximate value for the ring as a whole when deciding to sell diamond ring.
- Sell the diamond ring online. There are a number of websites where you can advertise the sale of the diamond rings, such as Ebay and Gumtree. Include all of the pertinent information, such as the specifics about the diamond (cut, color, clarity and carat weight), the type of metal used for the setting (such as gold or platinum) and the size of the ring. Post the information, along with your asking price and contact information. After payment by the buyer, send out the ring with shipping insurance or meet in person to conduct the actual sale.
- Sell diamond ring to a jeweler. Many jewellery shops purchase unwanted jewellery, but at a far lower than retail price. The offer, which could be cash or store credit is usually dependent on the current price of gold, if the setting contains the metal. Selling a diamond ring in this manner is a good option if you are not concerned about recouping the full price of the jewellery and are in a hurry to sell it. but try a friend first.
- Sell diamond ring to a local pawnshop. Again, you will likely receive a lowball offer. Show the pawnshop staff all of the information associated with the ring, such as the insurance appraisal and diamond grading report. This type of buyer generally pays in cash and it’s a quick transaction for possibly the lowest return.
In further addition, you should keep in mind that women tend to form a very strong emotional bond with their diamond and engagement rings. An engagement ring is a romantic new beginning of a lifetime union. And it is hard to believe that our new engagement ring was a symbol of somebody else’s previous relationship that did not succeed. We all want a new, not a pre-owned engagement ring, thus it will be hard to resell yours at exactly the same value as a new one. When you bring your ring to a local jeweler, it will be difficult for him or her to resell the ring in a smaller community.
Sell Diamond Ring at a higher price.
Sell Diamond Ring at a higher price. Both your local inner city cash for diamonds store and a local suburban jeweler have a relatively small market based on that city. They are still trying to make a living and pay their staff, based on a fairly small turnover. With fewer customers willing to buy their items unlike sell diamonds, the way to survive is to increase the profit margin and this ultimately means you receive less. But as always it depends on the buyer and more research on feedback is needed. You can certainly visit them if they have retail outlet like ourselves and ask for their offer, but try to avoid an immediate commitment and do a little more research first.
eBay is a very popular selling platform to sell diamond rings. The problem for you is that eBay is not just popular with customers compared to retail and you might not win the auction, but also with many experienced diamond ring and jewellery stores, who are experts in selling such items. Their high seller ratings, glittering descriptions and free shipping will make it hard for you as an individual to compete for buyers’ attention and also to beat their prices given the volume they sell. Although it might be difficult, but if you have more time you could still try.
There are also ways to sell diamond ring on consignment – there are plenty of advertisements online on gumtree and in local newspapers for jewelers who want to do this service for you. But you should remember to be extremely careful. There is not only the risk of getting a lot less money than you expected and being plainly cheated. Do not send your diamond to them until you make sure they have a trading license with the Department of Consumer Affairs, a great reputation and at least several years on the market. Check if your buyer is a member of Jewelers’ Vigilance Committee – this will increase the chance of an honest and transparent sale, read the fineprint in detail.
One very important thing for you to have is a diamond certification certificate. having a GIA (Gemological Institute of America) document tremendously affects the sale value when you sell diamond ring. Fact is, very few reputable jewelers will be willing to pay a reasonable price for a diamond without a certification document. If you do not have one, dont worry as you can address this issue painlessly. I may suggest you request it. Sending your diamond for certification to GIA is a safe, trustworthy and not too expensive – they generally charge around $100 to $150 per karat. You can find out more about diamond reports and services on their website www.gia.edu. One other agency you can address to is EGL USA (European Gemological Laboratory offices in the US).
Or we can use or local diamond grading services to verify the 4 c’s
