Selling your diamond ring can be an emotional process. Trying to attain a fair price may seem like an arduous task, but we’re here to help. Below are some questions that we are often asked.
The first step to selling your ring is to put together any paper work that you have for the ring. These would include GIA or other laboratory report, original bill of sale and appraisal. While the appraisal value is often inflated, it will help with details that the seller may have had at the time of sale.
The second step is to make sure your ring is clean. Making sure your ring looks its best will help you to attain the best offers.
Determining whether you should sell your engagement ring is a very personal decision. Engagements rings often carry positive and/or negative emotional value. Selling an engagement ring is often a positive step to moving on with one’s life and leaving behind negative memories. In many cases selling the ring is a financially motivated decision.
There are many factors that contribute to the value of your ring, namely size, color, clarity and cut. Another factor is the desirability of you diamond. To determine the true value, one should get multiple offers from reputable companies. Appraisals are often inflated. The actual value is what a willing buyer is prepared to pay. Receiving multiple offers will help determine if the offers are fair. For more tips read our blog "How Much is My Ring Worth?"
How long it takes to sell your engagement ring depends on where you to choose to sell it and the amount you accept for it. The length of time that this takes varies greatly and could take anywhere from immediate to several months or years.
While it may sound attractive to leave your ring on consignment and potentially attain a higher price, this price is often not realistic and in most cases it is more advantageous to sell for immediate payment.
There are numerous businesses that will express interest in purchasing your engagement ring, but few will offer what it is worth.
Options to Sell Engagement Rings Include:
These options are often ineffective, offering sellers well below the value of the engagement ring. Potential scams and fraudulent buyers is a risk often presented with selling online, in addition to the wasted time and effort invested.
The best way to sell an engagement ring is in person at a jewelry store.
Read our next blog "Where to Sell My Diamond Ring" to learn more!
How Do You Sell an Engagement Ring?
Vivid Diamonds and Jewelry is always in search of new pieces and willing to offer immediate and fair prices for your diamond engagement ring on the spot.
2.) A professional gemologist can provide you with additional information about the potential value of your ring and you can schedule anappointment online to visit the store.
3.) Make an appointment to stop in to the secure offices at 169 E Flagler St #905, Miami, FL during normal business hours, Monday through Thursday from 9am-5pm, or on Friday from 9am-4pm.
4.) Receive a fair offer on the spot for your diamond engagement ring.
Get the best price for your diamond engagement ring by contacting the industry leading gemologists at Vivid Diamonds and Jewelry. Vivid Diamonds and Jewelry is Miami, Florida’s trusted authority in diamonds and fine jewelry.Reach out today for more information about the value of your piece.