Diamonds are said to be a girl’s best friend. But sometimes a girl (or boy) needs extra cash, so that diamond has to go! While the famous DeBeers campaign taught us to value new diamonds, they’re like BMWs – all flash and no resale value.
It is common knowledge that gemstones lose half their value when they leave the jeweller’s hands. So, whatever price you expect, don’t expect anything more than half-price when you go out to re-sell the piece of jewellery like engagement ring.
So, here are some suggestions on how to sell an engagement ring online that should be useful.
Set a Sales Goal:
Why do you want to get rid of this ring? Are you purging after a difficult breakup or saving for a new baby? Are you dealing with the estate of a deceased relative or trying to raise funds for a vacation? Is the ring sentimental, or did you find it in the ocean? Perhaps you’re upgrading.
The price you’re willing to accept will be determined by your reasons to Sell an Engagement Ring Online, so be sure before you go in. If wearing the ring causes pain, you’re probably eager to get rid of it as soon as possible. In such cases, a pawn shop is appropriate. But if you want to get the most bang for your buck, keep walking.
Purchase a Ballpark:
Find out how much the ring was originally purchased for, if possible. You can also learn about the carats, physical weight, background, anecdotes, and anything else that could be used as the best way to sell engagement rings in the UK. Remember that engagement rings are moving objects, and whoever purchases one will most likely want to give it to their lover. So, it helps if you can connect the ring to a sweet, romantic, verifiable story.
Stone Separation:
You may be concerned that breaking down the ring will harm it. And if you, do it yourself, you’re more likely to succeed. However, separating the gemstone from its metal often produces a higher price. Yes, engagement rings can be made of expensive metals, but the gemstone is often much more valuable. Furthermore, even if the setting is uncertified, it is easier and the best way to sell engagement rings in the UK separately. It is only for scrap metal.
Consider the size of your stone. Focus on the largest gemstone if the engagement ring has multiple gemstones. Smaller gemstones or pavé stones are very seldom profitable unless sold in bulk. When your rings arrive from the appraisal lab, have a jeweller take them out of their settings and weigh each stone separately. This will reassure prospective buyers of their worth.
Conclusion:
If your ring is in excellent condition and you need to sell an engagement ring online, it’s tempting to list its online. A little bit of research at the start, on the other hand, can go a long way toward potentially trying to secure you a little more money. Alternatively, research can assist you in selling it faster by ensuring you are not overcharging.