When looking to sell a ring, you will likely have some questions. You may be asking “how much is my ring worth?” and “how do I find out how much my ring is worth?”. Whether you purchased it yourself and know its retail value (at the time of purchase) or it was a gift and you have no idea to you and therefore you have no idea of price; there are a few factors that will help you to know its resale value.
HOW MUCH IS MY RING WORTH?
The value of your ring or engagement ring is depends alot on the below factors
What Metal The Ring Is Made From
Dose The Ring Have A Certificate?
How Old Is The Ring And What Condition It’s In
Where And How Much Did You Pay For The Ring
How To Sell Your Diamond Ring
Mainly rings are made from gold, platinum or silver. Metal prices change daily they go up and down, the metal value of your ring will depend on when you sell and the market on that day.
There are lots of different types of gold including: yellow, white and rosegold. However it’s actually the gold purity and not color that will determine the value. Gold jewellery ranges from 9kt to 22kt.
Karat weight refers to the percentage of pure gold: the higher the karat weight, the purer and therefore more valuable it is.
If the main stone in you ring is a diamond, you will need to know the 4 C’s of your stone to recieve an accurate estimate. These are listed below:
- Carat weight
- Color grade
- Cut grade
- Clarity grade
With this information, diamond buyers can work out a price for your stone.
If your diamond ring has a certificate you can find this information on the certificate. GIA certificates have the highest standards in the industry and as such their grading’s are very rarely disputed by any diamond buyer.
As such, GIA certified diamonds often receive the best prices on the market. Other diamond grading labs however will vary in the reliability of their grading’s and so may be taken with a pinch of salt.
If you do not have a diamond certificate or jewelry appraisal with this information, a local jeweler will normally be able to provide this free of charge.
HOW OLD IS THE RING AND WHATS THE CONDITION
If you are looking to sell an antique or vintage ring, this could help increase its price. Vintage is defined as pieces between 20-100 years old. Antique is defined as pieces over 100 years old.
Establishing a value for vintage or antique rings requires specialized knowledge. At Buymyjewellery.com, our team of jewellery buyers buyers are experts in buying and understand the secondhand market. With years of knowledge and experience they will ensure to get you the best price for your diamond ring.
As such, they are able to assess and value your ring based on the current secondhand market. Also affecting the value of your diamond ring is the condition if it’s not in good condition and has scratches on the metal ect it may need to be refurbished so this will lessen the value.
Where And How Much It Was Bought For
When it comes to selling and setting realistic price expectations for your ring, you should expect to receive between 25%-40% of the original retail price paid. But sometimes retail jewelry stores have high markups than smaller, local jewelry stores. The lower the markup, the more you will receive at resale.
Furthermore, designer pieces such as Tiffany and Cartier rings normally perform well on the secondary market, as most buyers will pay a premium price for thses brands. If you still have the original box and papers that came with your ring when it was originally purchased, this will also add to its value.
What if I Don’t Have Any Information On My Ring?
The good news is that you can find most of this information out at no cost to yourself.
You should not pay for an appraisal; a local jeweler should be able to examine your diamond ring free of charge and let you know roughly it’s value. Even if they only give you an approximate estimate this information will help a ring buyer provide you with an initial price range.
How To Sell A Diamond Ring?
The best way to get a fair and firm price for your ring is to work with a professional jewelry buyers with a thorough understanding of the diamond market.
Here at Buymyjewellery.com we have a range of gemologists, designer, vintage and antique jewelry specialists on hand to value your ring. We can provide an initial price range based off of the information you provide, but our experts will carry out a full appraisal on your ring and let you know our offer.
Buymyjewellery.com is the simple and secure online way to sell your diamond jewellery a professional alternative to pawn shops and auction houses.
We don’t have any hidden fees and if you choose not to accept our offer we return your jewellery free of charge via fully insured and tracked mail.
We offer the best prices on the secondary market, and our customers are happy with our service don’t take our word for it check out our Trust Pilot Reviews Here
Sell Jewelry To WP Diamonds In 3 Simple Steps:
- Fill out our online form to receive an initial estimate.
- We provide appointments as well as a free and fully insured shipping service (FedEx Priority Overnight) to our headquarters for a valuation. You will be notified once we receive your ring, where it will be opened on camera for your protection.
- We will then provide you with a final price and wire the money into your account or send you a check. Should you decide not to accept the offer, we return your ring to you, no questions asked.
Recieve a quote on the jewellery you wish to sell today just fill in our enquiry form with a few details about your jewellery and a member of our appriasal team will get back to you today.
Your Contact Details:
We will contact you via email, so no random calls. However if you like to speak to one of our experts at any point we are really nice people here to help Tel 02842757893.
A brief description of the watch or watches you wish to receive a quote on.
eg: A brief description include the brand of items as well as the model number if known, also send the numbers, date of purchase, dose the watch or watches come with original box and paper work and finally conditions. All this information helps us get you the very best price for your items
Uploading images of your items:
Please upload up to 5 images of your watch or watches below, the more images helps us give you a more accurate or your jewellery. if you are having problem uploading your photos, another option could be to send your photos to our watts app number here 07505668622 or you could send in a Email to [email protected]