How to Sell an Engagement Ring
If you have an engagement ring that you no longer want or need, you may be wondering how you can go about selling it and getting the most money for it. The biggest problem that many people run into when they want to sell their rings is just where they can go to sell them.
Below, we will help you learn more about how and where you can sell your engagement ring to not only get the most money but to ensure you work with someone who is trustworthy.
Should I Sell My Engagement Ring?
It can be difficult to decide whether or not to sell an engagement ring. These rings are not simply a piece of jewelry. They hold a lot of emotions and memories. Some people find it too difficult to sell them while others cannot wait to unload them and get rid of them.
The decision as to whether you should sell yours or not is a highly personal one that only you can make.
You should think about the decision before you make it and not feel like you need to rush and accept the first offer you receive. It is okay to take your time and it is okay to ultimately decide not to sell the ring too.
How Much Is My Engagement Ring Worth?
There is no one answer to this question, and it depends on the ring. When selling an engagement ring, buyers will look at the clarity of the stone, the setting, the carats, and much more. With that said, you can expect to get anywhere from 40 to 75 percent of the ring’s actual original value when you resell it.
How Long Will it Take to Sell My Engagement Ring?
This depends as well. If you choose to sell it yourself, it could take a while to find the right buyer. If you choose to take it to a jewelry store, you may receive an offer on the spot.
Depending on the platform you choose to sell the engagement ring, it can take just minutes to several weeks or months.
Tips for Selling Your Engagement Ring
Know Your Ring
Before you sell your ring, make sure to do some research to understand what you have. Going into the sale blind can lead to you not getting paid fairly for the ring. Make sure you understand the basics of the ring such as carat weight, clarity, color, and cut.
Compare Prices
Once you know what you have, take some time to find out what others are selling the same ring for. This will help you determine what your ring may be worth and what you are and are not willing to accept for the ring.
Sell Your Engagement Ring Today
If you are looking to sell an engagement ring in NYC, our team can help. At NYC Jewelry and Watch Buyers, we have expert engagement ring appraisers on-site who will take their time looking over your ring and provide you with a quote to purchase it.
If you would like to sell your engagement ring to us, stop by our jewelry store today or give us a call to set up an appraisal appointment.