When you got your first diamond ring or an engagement ring, you probably had no intention to sell it. But sometimes circumstances can lead you to a different path. It could be you have gone through a divorce, broken off an engagement, or are facing a more positive experience that is upgrading your ring or passing it on to a family member. Again, many women feel the necessity to sell their diamond rings for emotional and financial reasons. Getting rid of the most tangible symbol of an ended relationship can be very difficult but can at the same time can wonders when it’s time to move on.
Whatever the reason for which you have to sell your diamond ring, the best outcome should be selling it for the most money. To achieve this, we will be guiding you through the essential steps, and at the end of this article, you will have the proper knowledge on how to sell your engagement ring for more money.
How to determine the diamond resale value?
Grading and valuing a diamond can be a very complex process that requires a professional expert and benefits from sophisticated laboratory technology.
The price that you will be offered for your diamond, no matter where you sell entirely depends on many factors which include the size, clarity, and cut of your diamond as well as the market demand for your gemstone, and most importantly, honesty and integrity of the buyer.
It is very important to note that the resale value of your diamond ring jewelry will be much less than what you paid for it, retail.
But before going to the complex process we will be focused on the basics at first which is the 4C’s of a diamond.
The 4C’s of a diamond is a standard way and well-recognized foundation for measuring the quality and value of your diamond. A diamond grading chart is very effective in determining value. The 4C’s are given below-
Most of the diamonds have internal flaws which are called inclusions, or external characteristics known as blemishes. Diamonds that have no inclusions or blemishes are quite rare. Although, most characteristics of a diamond can be identified using magnification.
The color of gem-quality diamonds occurs in colors that can range from colorless to shades of yellow as well as brown. In the diamond market, colorless diamonds are rare. However, there are some other diamonds which are called “fancy” diamonds that are naturally red, blue as well as pink and are graded on a separate scale.
Cut refers simply to the way the cutter cuts and the precision depends on the skills and expertise of the cutter’s work. If the diamond is cut more precisely then it will look more beautiful to look at.
According to the concept of the 4C’s, cut defines the precision with which a stone is faceted by the diamond cutter. Nevertheless, the word “cut” also refers to the shape of the diamond. There are some shapes that are more popular and valuable than the traditional ones.
The carat determines the diamond’s physical weight measured in metric carats. One carat is equal to 1/5 gram which is subdivided into 100 points. Carats is considered the most objective grade of the 4Cs.
Benefits of selling your diamond ring with a trusted online platform
If you are looking to sell from a trusted online platform then you must proceed because they are organized and have many benefits to offer. Here are some of the benefits-
You will get a better offer
Using a trusted online platform, you will get multiple buyers competing for your diamond ring at the same time. Therefore, you can sell your diamond ring for the most money. The reason behind this is that they have a vast network of professional jewelry buyers from around the world.
This also means your diamond ring will be exposed to numerous educated buyers who will recognize the value of your jewelry.
Quick and Easy process
A trusted online site will help you to sell your diamond ring for the most money on a fast, fair, convenient platform. Cleaning, grading, photography, and expert marketing is the convenient way to sell your engagement ring for the most money and are essential parts of every sale. Since their platform will be offering your diamond ring to a worldwide network of professional jewelry buyers, the only task you will have to do is schedule a FedEx pickup at your convenience.
Your diamond ring is fully insured by brokers
When you transfer your engagement diamond ring for an online auction. They will provide a prepaid shipping label that protects and fully insures your diamond ring. The coverage remains active until your diamond ring has been sold for the most money.
Complementary grading for your diamond ring
If you understand what you own will boost your way to obtain a fair price for your precious diamond ring. If you have less knowledge of what your ring is worth then the chances are high that you are going to sell at a low price without even knowing. The best way to find the real price of your diamond ring is through grading.
Online platforms that are trusted always provide complimentary grading by grading the diamonds at gemological laboratories such as GIA. The certified online platforms are well-known for trusting the best diamond grading lab in the world to grade valuables before the auction.
You will get the privilege to work with your own account manager
Some of the trusted online platforms provide you with the facility such as assigning an account manager to help you with the details. The manager will walk you through every process so that you are never left in the dark. You will get updated as the auction progresses and you get information about where your ring is and what is happening with it. If you have any inquiries you will have the option to reach out to your account manager for more updates.