• Submit Photos
  • Featured Badge
  • Contributors
  • Become a Wedding Blogger
  • Advertise

The Inspired Bride

Wedding inspiration resources & ideas to help you plan your wedding

  • Home
  • Inspiration
    • Season
      • Summer
      • Spring
      • Fall
      • Winter
    • Styles
      • Rustic
      • Casual
      • Modern
      • Traditional
      • DIY
      • Vintage
      • Whimsical
      • Glamour
      • Luxury
      • Bohemian
    • Wedding
      • Real Weddings
    • Engagement
    • Styled Shoot
    • Bridal Shoot
    • Bridal Shower
    • Honeymoon
    • Bachelorette / Bachelor Party
    • Trash the Dress
  • Vendors
  • Photographers
  • Planning
    • Tips and Tricks
    • DIY Projects
    • Inspiration Boards
    • Planning Tools
    • Resources
  • Destination Weddings
  • Popular
  • More..
    • Accessories
    • Big Ideas, Tiny Budget
    • Bouquets and Flowers
    • Bridal Showers
    • Bridesmaids
    • Cakes
    • DIY
    • Ceremony
    • Color Palettes
    • Decorations
    • Favors
    • For the Guys
    • Giveaways
    • Groomsmen
    • Guest Posts
    • Honeymoon
    • Inspiration Shoots
    • Invitations & Stationery
    • Just for Fun
    • News Blips
    • Personal Touches
    • Real Engagements
    • Registry
    • Rings
    • Services and Vendors
    • Sponsored Posts
    • Trending Now…
    • Wedding 101
    • Wedding Dresses

What Are The Best Ways To Sell Your Engagement Diamond Ring?

by Niki - Inspired Bride Leave a Comment

Selling your diamond engagement ring can be due to a variety of reasons. It is not necessarily because of the end of a relationship, but due to financial demands. To avoid going to sell any diamond ring blindly, there are various factors to consider. Knowing the processes and facts will allow you to be well-informed and give you the best deal you can get.

You must not be opportunistic about the amount of money you could get from the sale of your diamond engagement ring. It pays to invest your time and efforts into the research to get in-depth information, which you can find online on how to sell a diamond ring by Ringspo. The factors to consider include:

Diamond estimate value compared to the list price

Most of the time, the estimate price is influenced heavily by the purchase price from the appraisal certificate issued at the point of initial sale. The suggested estimate will often be lower compared to the value certificate. You can’t expect it to be higher or at the same level. It just sets the base price, when going to sell your diamond ring.

One thing for sure though; the diamond ring value is never directly taken from its estimate. The estimates always turn out to be much higher. It can be due to the replacement value as well as the resale value of the diamond ring. For sure, the resale value will always be lower in comparison to replacement value. It is one of the reasons why people would often opt just to replace, but sometimes selling it is the best option, depending on the circumstances.

Accuracy on the quality and authenticity of the diamond

Just because a diamond ring seems expensive and very valuable doesn’t mean it necessarily is. Opinions can be biased, so going to someone who is independent and can provide you with realistic insight into the value of the diamond ring. It can be from someone who is qualified and does not benefit from buying or selling the diamond ring. This option may entail having valuation costs, but not always necessary, if the ring’s value seems lower than previously assumed. Some ring vendors can also provide you with a rough valuation of the ring at no costs associated with it.

Setting realistic prices

There will always be huge disappointments if your expectations of the price are unrealistic. Looking at different sources within the diamond resale market of the same or similar type of ring could be a good starting point. Asking people who have previously done the same for their advice, and the process they used can also give you a valuable insight when negotiating prices during the sale.

Consider the best places for selling engagement diamond rings

It is also essential to know where the best places are that the ring can be sold at, if you decide to go to a physical retailer. Different locations will have various offers. Some of the places that are considered for selling diamond rings include pawnbrokers, reputable local jewelers, online specialist diamond buyers.

Be ready to sell the ring

Our engagement diamond rings will always be meaningful to most of us and having an emotional attachment to it could make you question your decision when it comes to the point of sale. It could make you doubt the reason for selling the ring. However, depending on your circumstances, having a clear perspective of what really is important to you at the time, does help with making that step.

Filed Under: Wedding Tips

The opinions expressed here by The Inspired Bride editors are their own, not those of The Inspired Bride or TWBN.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Popular

  • What Can Your Flower Girl Carry Down the Aisle Instead of Flowers?
  • 10 Stunning Tea Length Wedding Dresses
  • So you love the color gold and you know this will be one of your wedding colors but you’re not sure about the others. We want to share some gold color pallets along with some tips on your wedding color palette especially for choosing a great companion color for gold. Wedding Color Palette: Gold
  • Wedding Date Superstitions You Need to Know Wedding Date Superstitions You Need to Know
  • Funny Wedding Vows
  • Archive
  • Popular
  • About
  • Advertise
  • Badge
  • Contact

All Content Copyright © 2009-2023. The Inspired Bride unless otherwise noted or credited.
Please refer to our Content Usage Guidelines if you wish to use any of the content on this website.
In full disclosure, this post may contains links to help support my site.
Terms of Service | Privacy Policy | DMCA | Contact