Well, you have some old rings that you just don't use anymore or you have a spouse you got rid of and now you want to get rid of the ring.
Keep in mind that some rings have better yield than others. Metal, quality, stone clarity and stone size are just a few of the many things that can change the final value.
Here are some tips to help you sell that ring!
- Be realistic in the asking price. The best way to accurately price your old diamond engagement ring is to have it appraised. This will ensure that the asking price is reasonable and also provide you with concrete evidence as to the true worth of your diamond engagement ring when selling it. Selling your ring will be a much easier thing to do if you know how much it is worth and price it accordingly. Remember, it's not what you think it's worth. It's what other people think it's worth.
- Have it cleaned prior to selling. Like any other piece of jewelry or any item for that matter, it will look best when presented in the most favorable light, i.e. a nicely cleaned and shiny ring. Having your ring cleaned is easy to do and won’t cost a lot of money to do so. It is well worth it to get it looking as nice as possible prior to offering it up for sale. The nicer looking the ring, the more money you may make from the sale.
Thoroughly Examine Different Ways to Sell Your Diamond Engagement Ring. You may be wondering which is the best way to do so. The answer will depend on various factors such as the demand for diamond engagement rings in your area, the price of the ring and how you would like to sell the ring. No matter how you decide to sell your ring, you should thoroughly examine the sales possibilities and if selling through eBay, another individual or company, make sure that the seller is a legitimate and reputable one.
If you decide to list your ring on eBay, look around other listings and see what people are doing. Look at completed listings to see which rings that are comparable to yours have sold and what their listing and title looked like. eBay searches keywords on the listing title, so the right words will get you more views. If your listing title simply reads 'diamond ring size 8' it might not get very many hits or interest.
Pictures are a big key as well. A good camera with a Macro mode will be needed. Good lighting is also a must, you want your ring to look it's best!
The last thing you want to do is take it to one of those 'We buy Gold' places. You will get only a very small fraction of the ring's value. Most will tell you that they are not interested on the stone and not pay you for it.
That's all I can think of. If you found this slightly helpful, please vote so that others can find it. Oh yeah, if you happen to sell your ring after reading this, feel free to share the profit ;)