Jewelry Articles

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

October 28, 2014 - Jewelry Articles
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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.

 sell diamond ring 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.

  why sell diamond rings to WP Diamonds

EXPERTS IN THE SECONDHAND DIAMOND MARKET

Why sell to WP Diamonds? WP Diamonds is an A+ BBB rated, online buyer of diamonds, jewelry and luxury watches. We enable you to sell from anywhere in the US or the UK. With hundreds of online reviews and a team of GIA trained gemologists, you can be sure you are working with a large and professional diamond buying company. Our service is free, quick and entirely secure.

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 diamond 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.

How to sell diamond rings to WP Diamonds:

  1. Fill out our online form to receive a price quote
  2. WP Diamonds provide free shipping and insurance to send your ring to our headquarters for expert valuation. Alternatively you can schedule an appointment.
  3. 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.

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 processTrust 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

Author
Bio: Written by one of our diamond, designer jewelry or luxury watch experts. With over 150 years of combined experience, our experts are able to comment on trends, share industry knowledge and provide diamond, designer jewelry and luxury watch education.

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