There are many reasons why people sell engagement ring. It could be to upgrade their ring. If the engagement breaks off, then you may want to sell your ring to remove painful reminders. Other people are selling engagement ring to change style.
While a diamond engagement ring, like any other highly valuable items may lose a portion of its value the moment it is sold from a jewelry store, there are steps which you can follow to ensure that you get the best price.
The first thing you need to do is to have it appraised by a certified jeweler. The appraisal is based on the ring’s cut, shape, color, size and karat. You may also have to get it cleaned up to look its best. Then, you should take photos of it from different angles, so people may have an idea what your ring looks like. Photograph your ring from different angles to show the ring’s unique characteristics and qualities.
Whether you sell engagement ring online or in person, you may need to present relevant documents such as original receipt, proof of cleaning, box and proof of appraisal. Mostly, a realistic price for your engagement diamond is about 40 to 50 % if the appraised value.
If you want to sell the ring yourself, it is advisable that you list its price higher to allow for negotiation. Doing research on the selling prices of similar jewelry is a wise move. If the stone is not so significant part of the ring, you may sell it for its scrap value to an online buyer. Before you do that though, you need to read the guidelines and policy of a certain site.
The online auction sites are a nice place to sell engagement ring. The sites have usually free registration. Once you have registered, you may upload the photos of your diamond ring, and write a short description.
If you have social media network account such as Facebook and Twitter, you can announce that you are selling engagement ring. These accounts allow you to post photos or links where they can view photos. There are also online classified ads where you can advertise an engagement ring sale.
Depending on your taste, you can choose to post on free online classified sites or paid sites. The classified section of the local newspaper is also an effective platform to sell engagement ring. To save money on advertisement, you may include your contact details such as name, contact number either mobile phone or landline phone.
In most cases, sellers include links on the internet where potential buyers can see actual photos. Pawnshops are also interested in buying jewelry, whether engagement rings with diamonds, regular rings, necklace and bracelets. However, you may have to expect that most of them will buy your jewelry at relatively low price.
People also sell engagement ring to Antique stores. The owners are commonly strict when it comes to relevant documents. Wherever you intend to sell the jewelry, be ready with questions the potential buyers may ask you.