How to Sell a Diamond Ring for the Most Money?

If you have made up your mind to sell your diamond engagement ring because you no longer want any bad memory of a toxic relationship or are in dire need of immediate cash, you must know the true worth of the ring before parting with it. A quick read through this article will help you understand the factors that must be considered while selling your diamond ring so that you can fetch a good deal.

What are the Factors Which Determine the Value of a Ring?

The market value of the pre-owned diamond ring is far less than what you think. When you sell your diamond ring in the secondary market, its value will be determined by the wholesale value of the parts that make up the ensemble. Thus, when you have to sell your diamond ring in the secondary market, you have to understand that the value will be different from what it was in the luxury retail market at the time of purchase. You must have paid high mark-ups to the high-end showrooms in the malls at the time of purchase, but when you step out to sell it, the mark-ups are not considered at all. Some of the factors which determine the value of the used diamond rings are:

· 4c’s: Colour, clarity, cut, and carat weight influence the value of your diamonds in the secondary market. In addition to this, there is a considerable difference in the value of natural diamonds and those grown in the laboratories. Though the customers are not aware of it at the time of purchase, these facts are revealed when you step into the secondary market to sell the diamonds.

· Diamond’s shape: The quality of the cut of your diamond is an important variable in deciding how much value your stone is going to fetch you. Round-shaped diamonds are classics and are weighed heavily in comparison to princess cut or marquise cut diamonds. Anything that is more fashionable and in trend will give you more money compared to the outdate design.

· Condition of the ring: This is the test of how nicely you have kept the ring. If the diamond is chipped or nicked or the prongs are worn down, you cannot expect a good value while selling your diamond ring.

· The source or provenance of the diamonds: A diamond that comes from an authentic and reliable source is sure to fetch extra money than the one which comes without any GIA report. Diamonds from Cartier or Tiffany are valued more in the secondary market than the ones which are not from such plush houses.

Are You Ready to Part with the Diamond Ring?

Parting with prized possessions is not easy because something as valuable as a diamond has a high emotional quotient, and the jeweller, broker or auction houses know how to capitalize on this element. But as an informed seller, you shouldn’t let anyone exploit your emotions. You must be clear about while selling the diamond ring that it will not give you an equal amount of money as you had popped in initially. Its value drops the moment you take it off the shelf from the showroom. Having said that, it doesn’t mean that you shouldn’t sell it! Find a broker who will give you a decent deal that will suffice your purpose.

When you decide to sell your diamond rings, contact our trained staff who will assess the jewellery and make a fair deal with you.