Jewelry Articles

Where to Sell Diamond Ring for the Best Prices with a Trusted Brand

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Bio: Written by one of our diamond experts. With over 150 years of combined experience, our experts are able to comment on diamond trends, share industry knowledge and provide diamond education.
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October 28, 2014 - Jewelry Articles
People sell diamond rings and jewelry for a variety of reasons: in order to raise cash, to upgrade and refresh their jewelry box or to simply let go of jewelry that they no longer want or need. There are multiple ways in which you can sell a diamond ring, from pawnbrokers to jewelers to online diamond ring buyers. But how can you get the most for your jewelry? The reality of selling diamond jewelry is that you will not only be looking for the best price but you will also want to consider how to sell diamond rings safely and how long the entire process will take. To further understand what choices are available, take a closer look at how each option compares:

VS PAWNBROKERS AND JEWELERS:

If you have ever tried to sell diamonds or diamond jewelry to a pawnbroker or a local jeweler, you know how low the offers can be. The reason pawnshops and jewelers offer so little is that they have to pay for the storefront and their employees which translates to a lower offer on your diamonds. Additionally, pawnbrokers lack the diamond knowledge and expertise to offer strongly on diamond items. Unable to accurately price diamonds results in conservative offers, as pawnbrokers do not want to risk making a loss.

With a smaller consumer base than large, national companies and websites, pawnbrokers and jewelers are not able to give the highest prices when buying from consumers as they have limited selling power. It is also worth pointing out that not all jewelry stores will necessarily be interested in your particular item. It depends entirely on their customer base and whether it is something that they could go on to sell.

If you are looking for a quick way to sell diamond rings, jewelry or loose diamonds for maximum profit, consider selling diamonds online.

VS EBAY AND AMAZON:

There are two types of online diamond sales. Here, we look at selling online from an auction or private seller websites like eBay or Amazon. This may seem like another great option, but there are drawbacks to be considered. First, these general sales websites are not particularly known for high-end jewelry or diamonds, so buyers are less likely to look for these items. In fact the majority of purchases are made by diamond traders looking for bargains, which puts you at a disadvantage when selling. Without specific diamond knowledge or the help of a diamond expert, you will be unable to know if you are pricing your item correctly or selling it too cheaply.

Second, your jewelry and diamonds will not sell as quickly, and you will have to wait longer for money that you need. Depending on your specific circumstances and reasons to sell, this may not best as you are waiting for an individual to be interested in your exact item and be willing to pay the price you are looking for. This can take weeks, months or may not ever sell as many buyers like to be able to see jewelry in person before committing the sale.

There is also a trust issue to be considered when dealing with the public instead of professionals. Receiving money safely and on time depends on the individual you deal with. This makes looking where to sell diamond ring challenging and online diamond expert options an attractive alternative.

This is not a free service and you will pay a listing fee and sale fee. Be sure to factor this into the final amount you expect to receive should your diamond ring or diamond jewelry sell.

Another reason it may be difficult to sell diamond wedding ring, jewelry and loose diamonds direct to members of the public due to the stigma attached. Buyers want their jewelry to feel unique and new. For this reason, buying a second hand engagement ring can be seen in a negative light. WP Diamonds fulfills that retailer role for you, eliminating any questions buyers may have about your jewelry’s history.

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EXPERTS IN THE SECOND HAND MARKET

Why sell to WP Diamonds? Our expert gemologists can guarantee the best possible price on your diamonds because our overheads are vastly reduced. Since our company reaches so many more diamond consumers than any small storefront can, we are able to sell secondhand jewelry and diamonds faster. We also can have all of our experts in one central location, which is something retail chains cannot do. Anyone wondering where to sell diamonds will be happy to know that our GIA trained experts can give them the maximum amount based on over 150 years of cumulative diamond valuation experience. Quite simply, we have the best valuation team in the online purchasing market and our expertise means we can offer you the full value for you diamond. Find out how much you could get for your diamond.

When you sell to WP Diamonds, not only do we give you the most accurate initial estimate based on the information you provide (calculate your diamonds weight), but we also provide free shipping and insurance. After receiving your jewelry or loose diamonds, our experts will give you a great offer, and you can have cash in 24 hours once you accept.

WP Diamonds is an online buyer of diamonds. So you can sell from anywhere within the US. Simply complete the valuation form and we will contact you with an initial offer. We will then send you a free shipping label with free insurance for you to send your rings, jewelry or loose stone to us for expert valuation. You also have the options of visiting our valuation center in Manhattan, NYC for a free face-to-face appraisal and we will make you an instant offer. Get your price quote from WP Diamonds today.

OVERVIEW

 

Pros

 

Cons

 

Jewelry Store/Pawnbroker

 

Local to your area

 

Smaller audience

Lower prices

May not be interested in your items

 

EBay/Amazon

 

Easy to list diamond jewelry

 

Slow process

Trust issues

Lack of diamond specialism

Mainly used by diamond buyers looking for bargains

Not a free service

 

Online Diamond Buyer

 

Competitive prices

Diamond experts- GIA trained gemologists

Quick turnaround

Free and secure service

 

Final prices are non negotiable


What To Do Next

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