What Are The Best Places To Sell Diamond Rings For Cash?

August 25, 2015 Business & Finance

Are you considering to sell your diamond ring to acquire some fast cash? If you do, then to ensure a fair price you need to have a clear understanding of the way diamonds are graded. Once you have done so, it’s time for you to find avenues for selling it. Some of the available options are discussed below:-

What Are The Best Places To Sell Diamond Rings For Cash?

Online Diamond Buyers

As in case of other business, dealers involved in diamond trading have started using the internet. Apart from helping sellers reach out to a greater number of people, and reduced advertising costs, online deals ensure that the former get a fair price for the jewelry piece they are selling. Shipping is quick and free, and the process doesn’t have any hassles. Therefore, if you intend to earn more cash by selling your diamond ring, you should  target online buyers.

As a part of the process, you will have to take a few pictures of your ring to highlight the ring. Once you have done so, you can share it on sites dealing with jewelry. However, go through some reviews to ensure that the site you are selling in has a good reputation. After the ring is readied for auction, it will be advertised to buyers from all parts of the world. You have the choice to go for the highest offer after people bid for your jewelry piece. Once you accept an offer, you will receive the funds instantly, and the website will handle the shipping process after the bidder pays the amount agreed upon.

Local Jewelers

If you want to sell the jewelry piece within the area where you reside, you should approach local jewelry shops who deal in diamond jewelry. As in the case of pawnshops, they will pay you the same day. They can also provide you with a good quote regarding the exact value of your ring. They have the experience and expertise in this field to access the quality of a jewelry piece. So, you would have a better experience as compared to what you would in a pawn shop.

If the local jewelry store you approach is an authorized dealer, then you won’t have to look for customers. So, it will save a substantial amount of your time and energy.

Pawn Shops

Pawn shops should be your last option. You should opt for them only if you in an emergency and require money immediately. As compared to other options, you will receive a lesser price for your diamond ring.