Things To Note When Selling Your Diamond Jewelry

Engagement Rings
Engagement Rings
Diamond Rings
Diamond Rings

When selling your diamond jewelry, you have to be aware of the different options available for you to get the best price. If you are planning to sell your diamond rings or any other pieces of jewelry, it is important to know that the price you get will be lower than the original price you bought it for, as their value can greatly depreciate over time. Hence, do not expect a very higher price than its original value unless you have an antique ring or a very rare piece of jewelry.

When selling your jewelry you can get two main options including:

  • Selling the gemstones and metal separately
  • Selling the jewelry as a whole

Both of these options have their own perks and drawbacks. Therefore, you have to be aware of them when choosing your option. Hence, we analyze these two options for your knowledge so that you can determine which is the best choice for you.

Selling The Diamonds And Metal Separately

If you choose to sell your stones and metal separately, then you will get the material value of each of these items. Your jeweler will separate the gemstones and metal of your diamond ring and calculate their value independently.

To calculate the value of your metal, the jeweler will consider its purity and weight. For example, if your jewelry is made up of gold, then the jeweler will determine whether it is 14k or 18k.

18k gold will have a higher value, as it has higher purity. After determining the purity, the weight of the gold will be multiplied by its current market value.

The next step is to determine the value of your diamonds. Natural diamonds can get better value when compared to lab grown diamonds. But the price you get will be still less than its original value.

When analyzing the value and price of your diamonds, different quality attributes like carat, cut, clarity, and color will be considered. If your diamonds do not have quality certificates, then it is better to get them appraised to get a better price.

Selling Your Jewelry As A Whole

Lab Grown Diamonds
Lab Grown Diamonds

If you have a special antique ring or any other piece of rare jewelry, then selling it as a whole can be a better idea, as it can help you to get a higher value. You can also try auctions to sell your unique piece of jewelry.

Selling as a whole is also possible even if your rings are not antique or rare. Jewelers will buy them to melt down and create a new piece of jewelry.

You may also choose to sell your used diamond jewelry through online sites where you can get a better resale value.

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