Who Buys Engagement Rings
Specialist buyers, like WP Diamonds, employ trained and certified gemologists who know how to accurately value a diamond ring. They will assess what the diamond is worth and what the ring as a whole is worth, as well as any wedding rings.
who buys engagement rings
As professional diamond buyers, we provide a free, streamlined selling process that can take as little as 24 hours. We buy your engagement ring directly, no fees or commissions deducted. Sell your luxury jewelry, handbags and watches for cash or store credit, with a 10 percent increase when you opt for store credit. You can feel confident in our trust guarantee, A+ Better Business Bureau rating and over a thousand positive customer reviews.
Our service is not only free of charge, but there is never any obligation to sell. While selling at auction houses or through online listing platforms can take months or even years, our service is designed to take as little as 24 hours from start to finish. This is because we buy your engagement ring directly, with no middle-man involved.
When you sell to the experts at WP Diamonds, you can rest assured that you are getting the highest offers. For example: For engagement rings from elite names like Tiffany, Cartier and Harry Winston, many jewelry buyers will offer only the value of the stone. They will often try to pay only for the scrap value of the setting. Whereas we value the integrity of the entire piece.
Selling your engagement ring to a local jeweler or pawn shop may give you quick cash, which is important to a lot of people. However, keep in mind that brick-and-mortar jewelry buyers typically pay less than online buyers, so I recommend considering a reputable diamond buyer online like DiamondsUSA. Here are the top reasons why Diamonds USA is our No. 1 recommendation:
DiamondsUSA is the also the best option for selling your wedding rings of gold and platinum. Actually, DiamondsUSA and its sister sites, CashforGoldUSA and CashforSilverUSA, can help you sell the following:
While over time, diamonds have historically risen in value from a retail price point, do not expect to get your money back on an engagement ring. Typically, resale value of fine gemstone jewelry is one-third to one-half of what you pay for it. In recent years, diamond prices have fallen, making now a good time to sell before prices drop further.
A 1-carat diamond and gold engagement ring will fetch resale prices ranging from $1,000 to $5,000, depending on the cut, quality and setting. Platinum setting and large side stones can mean higher prices, as can name brands like Tiffany or Cartier.
Overall, I am a huge fan of selling your engagement ring in the event that your relationship ends, and I did so myself. The owner of the engagement ring is typically the women, so you are free to sell it when you divorce.
How about you? Do you still have your engagement ring? Or did you resell your wedding ring, give it away, turn it into a necklace, or throw it out the car window into a ditch on the way home from the court date finalizing your divorce? Do you feel you understood the true resale value of your jewelry?
For wedding bands specifically, many couples choose to pay for the band for each other as tradition has shown. However, there are other ways to approach it. For example, if one person bought the engagement ring - typically a more expensive purchase - the other person may pay for each of the wedding bands. Alternately, splitting the cost evenly or starting a shared wedding bank account that each person can contribute to and spend from can be very helpful ways to openly approach buying wedding bands as a couple.
Selling an engagement ring is different from selling other types of jewelry for several reasons. For starters, because it is a diamond ring it is generally going to be worth a lot more than other gemstone jewelry or solid metal jewelry. This means the decision to sell your diamond jewelry can have a big financial impact. Because of their high value, it is also incredibly important to make sure you keep your diamonds safe and secure.
But if you are ready, there has never been a better time to sell your engagement ring. This is because market factors have driven demand higher and higher while supply has been cut. This means that by selling now you will have the opportunity to make far more money from the sale than you could have in the past. And every dollar you earn is more financially helpful than a piece of jewelry sitting in your bedroom drawer.
Another type of jewelry buyer, pawn shops, may not always have the best reputation. But they certainly will be able to buy your engagement ring and give you fast cash. If you are having a true money emergency, maybe this quick payment is your best option. But you are likely getting paid pennies on the dollar compared with other buyers.
Finally, you can sell your engagement ring online. Selling your engagement ring online is often the fastest and easiest way to do so. There will be plenty of buyers online happy to take your ring off your hands.
But selling an engagement ring online can be a problem as well. Internet sites like craigslist, eBay, and Facebook marketplace have a ton of sales competition. This means that the price of your ring will be driven down due to high supply.
Plus, the presence of scammers on these online platforms increases your risk of getting ripped off and may make buyers too afraid to trust you. So while selling your engagement ring online may be easy and fast, there are definitely major drawbacks as well.
Engagement rings are not the only jewelry you can sell with Worthy. In fact, we specialize in helping you sell all of your diamond jewelry for the best price on the market. Here are some of the other items of jewelry you can sell with us:
Like with engagement rings, Worthy can help you sell your diamond wedding ring online for the best prices offered on the market. Oftentimes people who have an engagement ring to sell will also have a wedding ring to sell as well. You can sell both items together as a bundle or separately, depending on your own unique situation and whatever timing works best for you.
Direct-to-consumer fine jewelry brand Mejuri manages to make engagement rings that are both affordable and interesting, featuring clusters of gemstones and diamonds in artful settings that feel utterly contemporary. Forget about the classic solitaire: These rings have a modern sensibility, and while mostly minimal, they all feature a design twist that will allure the most fashionable brides-to-be.
Catbird began as a little storefront in Brooklyn that became popular locally for its ultra-dainty jewelry with names like the threadbare ring and sweet nothing choker. In addition to its own Catbird line of jewelry, the boutique stocks pieces from independent jewelry designers, such as Blanca Monrós Gómez, Jennie Kwon and Wwake. And although there is a substantial collection of diamond engagement rings, Catbird also has a sophisticated selection of sapphires, rubies and emeralds, as well as black, grey and champagne diamonds that pose a great alternative to more traditional designs.
There are hundreds (even thousands) of online retailers where you can purchase an engagement ring. Our team extensively researched the online jewelry shops to verify they are a reliable seller with quality products. We also sourced experts to understand how to make the best engagement ring purchases online. This story is regularly updated to guarantee all prices, availability and the best versions of the products are up to date. It was last updated in March 2023. Before you commit to a ring you have been eyeing, below are a few things to consider:
First things first. When seeking to buy an engagement ring online, give the retailer a call and ask about their history, their company and any press they have received. These details will provide you with an immediate sense if the retailer is an authentic seller, or not. You can also research and look at reviews online from actual customers to give you a better idea of the business and their products.
Look at the retailer's policies, too, before making a selection on an engagement ring. With most of the country still experiencing shipping delays, you will want to know how long it will take the ring to get to you and the costs associated with shipping. Learning the return policy is also key. There is always the chance that the ring may not be what you ordered or expected (think unexpected flaws or damage). Ask if the retailer has any procedures in place if the ring is damaged, lost or stolen.
Always check the quality of the jewelry and diamonds with a certified expert. If a retailer can not guarantee the quality of the ring, you want to steer clear of purchasing from them. A good engagement ring should have the best stones and carats available, especially if you're customizing a ring.
Mike Fried has written hundreds of articles and helped answer more than 30,000 emails from our readers. This has given him a unique perspective on what information truly helps our readers in their quest for finding the perfect diamond engagement ring or piece of jewelry.
The ring we used was a 0.53ct round diamond in a classic Tiffany solitaire setting. We originally purchased it for $4,500. Obviously, we expected to lose a lot of money on the transaction. The question was, how much?Please note that we used a Tiffany ring for this test. Tiffany diamond rings are insanely expensive and very poor bang for your buck. That is the reason there was such a large gap between the amount we paid and the amount we were able to sell it for.
Received great in-depth assistance from Veronika on my quest to buy an engagement ring for my partner. It can be quite a minefield for someone without industry know-how to get a great, well-cut diamond on the online marketplace, so the second opinion was not only welcome but desperately sought. In the end, I received wonderful advice and am confident the diamond purchased was the best my budget could afford! Thank you 041b061a72