Read The Guide On How To Sell Diamond Rings For The Best Prices

Figuring out how to sell a diamond ring safely (and for the right price) can seem complex. Diamonds are precious items that can hold their value for decades. 

While many people keep their diamonds close for their entire lives, there are also various reasons you might choose to sell your assets. Perhaps you're trying to access extra cash to pay for something important, or you want to move on after a tough breakup. 

Whatever the reason you want to sell your diamond jewelry, we're here to help. 

Whether you're concerned about getting the correct resale value for your ring or how to ensure you're working with a reputable jewelry buyer, we've got you covered. 

Here's your step-by-step guide to selling your diamond ring.

 

Evaluating Your Diamond Ring: Defining Value

 

As one of our most precious resources, diamonds have inherent value. Estimating the value of a diamond jewelry piece can be a little complicated if you don't have any prior experience. 

In most cases, speaking to an expert will give you a clearer insight into your ring's worth. These professionals will often evaluate your diamond based on four core attributes, the "4 C's." 

The four Cs refer to your ring's color, cut, carat weight, and clarity. The more carats, the better the clarity, and the finer the cut, the more your diamond will be worth. Color can also influence how precious or rare a diamond might be.

Alongside examining the 4 Cs, a jeweler can also look at other factors that might influence the selling price of your item, such as:

 

The Brand

Some jewelry brands are worth more than others for several reasons. There are even buyers out there who collect specific branded pieces. If your ring is from a luxury jeweler like Cartier or Tiffany, it can have additional value as buyers find it desirable.

 

The Diamond Shape

Diamond shapes have evolved drastically, with various styles going in and out of fashion. While a diamond shape that's not currently "in fashion" still has value, a trending shape might fetch a higher price. Round diamonds are always popular with buyers. 

 

Diamond Age

The age of your diamond can also impact its selling price. Some antique or vintage rings might be worth more to the right collector. A diamond doesn't necessarily have to be brand-new to be valuable. 

 

Jewelry Condition

The overall condition of your jewelry can also influence how much you can sell it for. The condition of the setting in fine jewelry pieces can make a difference in how much people are willing to pay for it. However, even if the precious metal around your diamond isn't in excellent condition, you should still be able to sell it. 

 

How Much Will I Get If I Sell My Diamond Ring?

 

Bill Norton our Vice President of Diamond Operations gave his rule of thumb for what you can expect  "Typcially you can expect between 20% and 50% of its original purchase price. It really depends how much you paid for the ring, as jewelers often include a markup. We mostly see the lower precentage returns on rings purchase from big chains where the quality is much lower."

 

 

Where Is The Best Place To Sell Diamond Rings?

 

Once you know how much your diamond ring is potentially worth, you need to start looking for a place to sell it. There are plenty of places to sell diamonds to buyers worldwide, but not all options are reliable, and finding the best place to sell depends a lot on your knowledge and circumstances at the time of selling. 

Where you decide to sell your ring will usually significantly impact the amount of money you get for it and the security of the transaction. 

If you sell your diamond ring to the wrong buyer, they could convince you to accept a lower price than it's worth. Because of this, it's essential always to be aware of the person you're selling to.

Whenever you're thinking of selling jewelry, it's essential to do your research into the following:

 

- The reputation of the buyer or the company purchasing your ring

- The security and safety of the selling platform (online and offline)

- Strategies you can use to protect yourself (like choosing a buyer that opens packages on camera)

 

You can check out White Pine's pre-owned diamond ring-buying process here. 

 

Local Jewelry Stores

If you're looking for a quick and convenient way to get instant cash for your diamond ring, you could consider selling directly to a local jewelry store. Most vendors will be able to evaluate your ring for you and give you a reasonable price. However, it's worth noting you won't always get the best price from a local jeweler, as they can be limited in their budget and their ability to resell the ring.

 

Online Marketplaces

Platforms such as eBay and Facebook Marketplace can be another option for selling your diamond ring. These marketplaces offer the seller a chance to sell directly to another consumer and generally have reasonable selling fees. 

While online marketplaces are convenient, they do come with many risks. Many of these platforms don't have the best seller protection policies, and your sale could fall through multiple times.

 

Consignment Selling

If you're struggling to find a buyer for your diamond ring, you could consider consignment selling. With this strategy, you allow a retailer or online platform vendor to sell your diamond ring or jewelry for you. This means you can pass the headaches of the selling process over to someone else and reduce the amount of work you need to do. 

Unfortunately, this method has some downsides. Finding a buyer can often be relatively slow. Additionally, when you receive an offer for your ring, you'll be expected to pay a hefty commission on the earnings.

 

Auction Houses

Particularly useful for selling vintage rings and similar jewelry, auction houses can be a great way to sell diamond rings with higher value or exciting backstories. However, it's worth noting that auction houses leave quite a bit up to chance. While you can set a minimum limit on the sale, you might not get a buyer from every event. Indeed, many auction houses won't take the majority of diamond rings that come onto the market. 

With auction houses, you'll also need to be aware of extra commission fees and costs, which could end up eating into your available profits. It's worth doing plenty of research into the market before you get started in this area. 

 

Pawn Shops

Many people consider pawn shops when selling a diamond ring or other form of jewelry and want to access funds quickly. One of the limitations of selling to a pawn shop is the lack of diamond specialism can often result in lower offers. 

Pawn shops may offer to "loan you money" against the ring, which you can pay back whenever you want your jewelry back. However, the terms and conditions of these agreements can be complex and costly. 

 

Specialized Online Buyers

Specialists in the diamond purchasing landscape are by far the safest and most reputable option for selling your diamond rings and other fine jewelry. Companies like White Pine will provide a precise, transparent valuation of your jewelry piece and allow you to decide whether you think the price is fair before you sell. 

Not only do they offer fair and accurate valuations, but specialized jewelry buyers can also offer fast, simple transaction processes and have policies to protect customers. Credible companies also have an extensive catalog of reviews and testimonials from other customers that you can read before continuing your transaction to put your mind at ease. 

 

Why White Pine is a Great Choice If You Are Selling A Diamond Ring

 

We are biased but we truly think White Pine is one of the best options in the market. We offer a very secure, simple process that returns you as much value as possible considering the limitations of the secondhand market. Our many Google reviews demonstrate what previous customers thought of their experience.  We are deeply connected into the New York diamond and jewelry industry and we understand the very latest diamond prices and avenues to sell diamond rings we purchase. 

Since White Pine launched in 2010, we've been committed to transforming the jewelry industry and getting the most out of diamonds. We utilize natural recycled diamonds to give old jewelry a new lease on life and minimize the industry's carbon footprint. 

In the last couple of years, we've seen a rapid increase in companies leveraging the value and benefits of recycled diamonds. Additionally, consumers in today's eco-conscious landscape are becoming more aware of the advantages of recycling. 

Alongside our diamond jewelry selling and buying services, we also provide services connected to diamond recutting, sorting, custom work and CAD, jewelry setting, and diamond testing. We can even create special orders for the unique needs of our customers.

 

 

How Selling to White Pine Works

 

Part of what makes working with White Pine Diamonds so attractive for anyone looking to sell diamond jewelry is how simple and fast we make the process. We strive to make it easier for anyone to sell diamonds and fine jewelry quickly. 

Our process involves the following steps:

 

Request A Quote

First, you'll provide us with all your information about your ring, from the diamond size and quality to the brand and even the metal type for the setting. You can also upload any appraisals and certifications you might have, alongside photographs, to help us evaluate the quality of your ring as accurately as possible. Get yours here.

 

Receive A Quote

Once we've carefully evaluated the information on your ring, we'll call or email you a direct quote based on all the information you provide. 

 

Ship Your Ring

If you're happy with the quote, send your ring to us for an official valuation so we can examine it closely. We'll analyze all of its characteristics before giving you an official offer. Don't worry—shipping is secure and insured with us. 

 

Accept Your Offer

If you're comfortable with the offer you receive, you can accept it. We'll either send you a check or process a bank transfer in exchange for a small fee. It's as simple as that. If you don't like the offer, we will return your ring at no charge. 

 

 

What To Expect from Working With White Pine 

 

We might not be the only jewelry company willing to buy diamonds from customers worldwide, but we strive to be the best. Two factors set us apart from other competitors in our field. The first is our overall process. 

We can provide a more streamlined, convenient, and quick service than other buyers. Combine that with our competitive prices and ability to accept the broadest range of loose diamonds and jewelry types, and it's easy to see why we stand out. We do our best to accelerate the sales process on your behalf so you can quickly get the cash you need.

Our other secret sauce is our level of specialization. While other online buyers will be willing to purchase a great ring, they don't always have an in-depth knowledge of the industry and access to the latest market prices. Here at White Pine, diamonds are our core focus. Everything we do revolves around diamond management, sorting, special orders, and testing. 

Our specialist knowledge and skills mean we can give you the fairest, most accurate offer possible based on our in-depth industry knowledge. 

If you need more evidence that White Pine is the best solution for your diamond-selling needs, just check out these reviews from our happy customers. 

 

 

How Long Does it Take to Sell a Diamond Ring?

 

If you're considering selling diamond jewelry, you've probably wondered how long the process will take. Unfortunately, it's difficult to determine the length of the sales process. Depending on your chosen selling strategy, finding a buyer, getting a valuation, and receiving your money can take a while. 

The time it takes to sell your diamond ring will also vary depending on its condition, the market conditions, and the price you set. Once you've chosen your buyer, selling to a reputable buyer or store can take anywhere between a day and a week. 

We make an offer at White Pine within 24 hours of receiving the ring, and we can process your payment immediately so you can get your cash fast. 

On the other hand, selling your ring through a consignment seller, an auction, or a marketplace can take much longer. Many people will have to wait weeks or months for their jewelry to be sold. Ultimately, working with a reputable company will speed up the process and ensure you can access your cash faster. 

Ready to Sell?

 

You know exactly what to expect from the process, whether you’re selling a loose diamond, an engagement ring, or looking to sell diamond ring pieces. The good news is that there are companies and customers out there who will be willing to buy diamonds from you. A good diamond never loses all of its value, so you should be able to see some returns.

However, the exact stages involved in the process and its complexity can vary depending on your strategy. We recommend choosing a reputable diamond buyer to simplify the process, protect yourself, and get the best price.

Click here to sell your diamond ring with White Pine today.