Where Can I Sell My Diamond Ring For The Most Money?

How much is a 1 1 2 carat diamond worth?

Rule of thumb: A 1-carat diamond can cost as low as $2,000 and as high as $25,000.

That means a middle-of-the-range diamond should be $11,000 – $12,000.

Sounds simple, but that is overpaying.

A good value, good quality 1 carat diamond should cost you around $4,500 – $6,000..

Do diamond rings go up in value?

The short answer is that most diamonds do not appreciate in value over time. … This is because there are several players in the diamond’s value chain, not just the jewellery stores that sell the diamond to you. So while retail prices for diamonds may be high, the resale market rate for diamonds is much lower.

How much is a 1 carat diamond worth resale?

This is evident when you look at the average retail prices of diamonds by carat weight. On average, the retail price for one carat diamonds can be anywhere between $2,000 to $16,000, and between $8,000 to $72,000 for two carat diamonds .

Why is diamond resale value so low?

The reason resale prices for diamonds are so low compared with retail prices is that jewelers buy diamonds in bulk, at wholesale prices, which are much lower. The retail price you pay for a diamond at the store is higher because it includes overhead expenses, such as rent and personnel salaries.

How can I sell my diamond ring for cash?

Where Can I Sell My Diamond Ring For Cash?Get the answers to the following questions:PAWNSHOPS: With this local option you can get paid quickly for your engagement ring. … AUCTION HOUSES: While an auction house will handle selling the ring for you, this is typically a long selling process that can take many months and with no guaranteed sale.More items…•

How much is a 14k ring worth at a pawn shop?

Even though one gram of 14K gold is $36 on the market, the pawn shop will provide you with only 13$ per gram for the ring with the same number of karats. Luckily for you, the pawn shops don’t have fixed prices, and you can always bargain and bid….The Real Situation in the Pawn Shops.GramsKaratsEstimated price124$221 more row

Where can I get the most money for my diamond ring?

Where To Sell An Engagement RingOnline. The fastest and easiest way to sell your ring will be to find a diamond buyer online. … An Independent Jeweler. Another sales route is to visit an independent jeweler. … A Vintage Jewelry Store. Another option is a vintage jewelry store. … An Auction. … A Broker. … Pawnbroker. … Worthy.com. … CashforGoldUSA and CashforDiamondsUSA.More items…•

Where can I sell my diamond jewelry for cash?

Selling your jewelry in person to a local shop may still be the best way to get the most money out of it. Here, too, you have lots of options, including coin shops, pawnshops, consignment shops and jewelers.

What is the best way to sell jewelry?

Sell It to a Jeweller or Pawnbroker While you’re out trying to get your piece appraised by jewellers and pawnbrokers, it’s worth considering the offers they might make you. According to Rubin, local jewellers are likely to give you the best price because they will see you as a potential customer.

How do I sell my diamond ring at a pawn shop?

You can take a diamond ring into a pawn shop, a jewelry store or a diamond/jewelry dealer. Each one is likely going to provide you with a different value on the ring and offer you a different amount. You will want to go with the highest bidder, so it’s a good idea to visit a few different places.

How much should I sell my diamond ring for?

The best place to sell your engagement ringRankNameOffer1Diamond specialist$2,300 – $2,5002Local jeweler$1,500 – $2,0003’Worthy.com$1,5404’We buy gold’ store$1,300 – $1,5002 more rows

Is 2 carat diamond too big?

The average carat weight for a diamond engagement ring is about 0.9 carat, meaning a 2 Carat Diamond is definitely considered big. With 2 carat engagement rings, the diamond is noticeable and eye-catching.

Who legally owns an engagement ring after divorce?

Because the engagement ring is a gift from one prospective spouse to the other prior to the marriage, it is considered a pre-marital or non-marital asset. Courts have ruled that engagement rings are conditional gifts, typically made by the husband-to-be to his fiancee.

How much do pawn shops pay for diamond rings?

Most pawn shops usually pay about 30 to 60% of what a diamond is worth. Once you add in the standard retail markup that’s applied to most diamonds, this means that you’ll usually receive an offer for a small fraction of the amount you paid for your diamond ring when it was new.

How can I sell my engagement ring for the most money?

Google or Yelp will lead you to many choices of where to sell your engagement ring for the most money — both online, as well as jewelers and large retailers near you, pawn shops, gold buyers, vintage and estate jewelry stores, and auction houses.

Is it better to pawn or sell jewelry?

Even if you do meet all of your payments, the main difference between pawning diamonds and jewelry and selling diamonds and jewelry is that whereas selling generates cash, pawning only lends you money that you have to pay back with interest. … Diamond buyers alone can offer the best prices for your diamond.

How much are tiny diamonds worth?

Just as the price of regular diamonds rises with their carat, so does the value of diamond chips. A melee diamond of 0.01-0.02 carats (or 1-2 points) can cost between $300 and $700 per carat depending on the stone’s color and clarity as well as the seller (wholesale prices are lower than retail ones).

Does Kay Jewelers buy back jewelry?

The Kay Jewelers Gold Exchange is an opportunity for you to sell your used, unwanted gold and platinum jewelry through a secure program from a company you know and have trusted for years. Learn more about the Kay Jewelers Gold Exchange.

What is a 5 carat diamond worth?

5 Carat Diamonds Ring Price The price of a 5ct diamond starts somewhere around $9,000 per carat (only referring to K+ and SI2 diamonds). This 5.19ct I/VS2 Round Diamond costs $14,879 per carat.

Is a diamond a good investment?

Are diamonds a good investment? On paper, diamonds make great investment sense. They have high intrinsic value, they’re always in demand and they last forever – plus, they’re small, portable and easy to store (unlike that priceless Ming vase you just had to have at auction).

How much is a 1 carat diamond?

In general, a 1 carat diamond costs between $1,800 and $12,000. The cost depends on factors such as the Cut quality, Clarity, Color and Shape of the diamond. Cut quality is the aspect that most greatly impacts a 1 carat diamond’s price and its beauty.