Is it worth selling diamond ring?

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Christian Denesik asked a question: Is it worth selling diamond ring?
Asked By: Christian Denesik
Date created: Sat, May 8, 2021 10:25 AM
Date updated: Wed, Jun 29, 2022 8:21 PM

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Top best answers to the question «Is it worth selling diamond ring»

The answer is a resounding yes. Whether it is an engagement ring, diamond family heirloom or even a loose diamond, they all have value. There is always a market for selling diamonds quite simply because there is always a demand for diamonds.

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Sell Your Ring. 4. Small Diamonds. If your diamond is less than a half-carat in size, the value of your ring isn’t only in the diamond, it’s in the complete piece. You will probably obtain the best price by selling your ring to another consumer who wants to use it as a ring, not to a professional that will resell the diamond.

The price is such a wide range because it depends on how you go about selling your ring. Selling it on consignment will earn you a different dollar amount than selling directly to a dealer. 3. Now, For the Band. You thought we were done, didn’t you? People always forget about the band. No diamond ring is complete without something to set the gem on!

Age: Some vintage or antique diamond rings are worth quite a bundle, so don’t hesitate to put an older ring up for auction if you aren’t interested in keeping it. Condition: When it comes to selling a diamond ring, condition makes a big difference. Buyers pay more for rings that are in good to excellent condition.

One of the reasons many women choose not to sell their diamonds or diamond ring is that the price they are quoted from a jeweler or auction site is much lower than they believe their rings to be worth. Typically, the resale value of a diamond is about one-third of what you will pay retail.

It is important to understand that the bulk of the value for your ring will be determined by the center stone. However, as engagement rings come in an array of styles with diamonds of various quality, there is no one set value for pricing engagement rings. Much like the price of a house, it depends on a myriad of factors.

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