How Much Is My Wedding Ring Worth?

A person’s relationship with their diamond is quite complex. You want to get rid of the negative emotions, but because of all the memories attached to that small piece of jewelry you cannot seem to get rid of it. 

When you finally decide to part ways with your beloved piece of jewelry the next question that pops in your mind is where can I sell diamond rings?

There sure are a lot of options to choose from:

1- Jewelry stores: 

In case you walk into a retail jewelry store to sell your wedding ring. It is highly unlikely that they will purchase it from you. 

Almost always these retail stores get their diamonds from wholesalers on consignment or buy it from them for a significantly cheaper price. Hence, they will make no profit by purchasing it from you for market price. Only if the diamond jewelry you are offering is a rare kind or is extremely beautiful that it has caught their eye, they might end up providing an offer. However, they will want to purchase it from you for a price, way below the market value.  

2- Pawnshops: 

The only reason you will want to even consider going to a pawn shop is if you need the cash right that minute. Otherwise, it is not the smartest option as you will not get the right price for your item. These shops tend to purchase jewelry items at the cheapest rates possible. 

3- Auction:

 This might get you something close to what you are looking for however it can take forever to just receive that offer. And you will only get a higher price if your item is one of a kind and people are unable to find such options elsewhere.

4- Consumers:

 You can try selling your wedding ring to the general public by putting it up on Craigslist or eBay. But the chances of being able to sell there are quite low. If you think ‘Hey, I will value my diamond ring for a higher price on this platform and get back my money’. Well, you will end up never selling it because if someone is searching for secondhand jewelry online, they already are looking for the cheapest options. Otherwise, they can just purchase it from a retail store and get insurance and packaging as well!

Diamond ring resale value is usually not what you expect when you decide to sell your diamond rings.

You cannot get back the money you spent and most certainly cannot make any profit out of it. It is about time that people understand that diamonds are not investments. What you need to do is, to find the right buyer who will appraise your diamond for the right price.

How to appraise diamond ring you might ask? There is no right answer, but there sure is a simpler answer- iValueLab. The company has the most experienced and highly qualified gemologists on their team to provide with the fairest offer for your wedding rings. You will get an estimated value for your jewelry online within 24 hours. And if you wish to proceed you can send it your item for evaluation by the gemologist and get the final offer. If you agree you will get the funds in your account within 24-48 hours with no service charge or percentages taken out of the amount offered. And if you are unhappy with the offer provided, they just send your item back with a free insurance appraisal! Now that is a deal we like!