If you are reading this post, it means that you have thought about or searched for how to sell an engagement ring in NYC. Truth be told, you are not alone. Let’s face it – not everyone understands your personal style and you may be given a ring that you just are not happy with. Fortunately, it is easy to sell it, get cash, and purchase the one you really want.
So now that you know you can sell your engagement ring, you likely have another pressing question – how much is it worth? Well, let’s find out.
Value of Your Engagement Ring
Did you know that the average price of an engagement ring in the year 2021 was anywhere from $4,500 to $5,500?
No matter the reason you want to sell your ring, you likely hold some type of value in your hands, and you may even be shocked at how much money you can get for yours. There are some determining factors that go into the valuation of your ring.
What are they?
Talk to Me About the 4 C’s
Figuring out just how much your engagement ring is worth will take a little bit of work but nothing that isn’t worth it. To determine the value, you must know and understand the four C’s, which are color, cut, carat, and clarity.
Color
The color of your engagement ring’s diamond is going to affect its value of it. The color can vary quite greatly, so it is important to fully understand what you have. For instance, colors can range from a yellow tint to brown or even colorless. The less tint in a diamond, the better. Color is graded using a scale that ranges from D to Z with D being the most highly desirable and valuable.
Cut
You likely wanted a specific type of cut on your diamond and maybe you did not get it. Either way, the actual cut of the diamond matters, and it can matter a lot. The cuts create brilliance, angles, and symmetry for the diamond itself and the best cuts are the ones that create a shine and sparkle. The cut of a diamond is graded on a scale as well with the options of excellent, very good, good, fair, or poor. The grade your ring receives will directly impact the value of what you have in your hand.
Carat
When you hear or read the word carat, you may think about the size of the diamond itself, but the term carat actually refers to its weight. Two diamonds that are five carats each can be completely different sizes or shapes. The weight of the diamond is important and affects the value, but it is not as important as some of the other factors such as cut.
Clarity
Clarity focuses on the imperfections within the diamond. There is a scale rating for this measurement and your diamond can be rated along it. For example, a flawless appearance would net the most value while a diamond with the most imperfections would be less valuable.
Sell My Engagement Ring in NYC
When you are ready to sell your engagement ring in NYC, head to our shop. We are a reputable jewelry buyer and will provide you with a fair and honest appraisal of your jewelry and a cash offer to purchase it from you. Don’t be a stranger and stop by today or give us a call to schedule an appointment.