How many times have we heard the proverbial cliché that diamonds are forever and what could be as priceless and eternal as an engagement ring. More than its monetary value, an engagement ring is a prized possession with immense sentimental importance. But what if the emotions stringed to that beautiful solitaire lose their meaning? After a failed marriage or breakup, people may want to sell off their engagement rings. Some may do so in order to upgrade their jewelry with a bigger rock on their finger. Many people are also ready to give away their engagement rings in exchange of quick cash to meet immediate needs.
For selling an engagement ring, the first step is to consult a professional, experienced appraiser to get a fair estimate of the quality and value of the ring. Diamond rings which have certificates of quality can fetch a good price. One can sell engagement ring to a jeweler, a pawn broker or an online site. In order to get a fair price, one must do a little homework, get a few quotes and compare deals before making a decision. Selling online involves a simple process. One has to fill out an online form with detailed information and photos of the ring. Certificates of quality and authenticity must also be included. The company makes an initial offer on the basis of providing information through phone or email. They may arrange a private appraisal with a professional diamond inspector or ask you to ship your jewelry to them in a free, insured package. If the seller is satisfied with the offered price, the deal is completed by directly transferring money through check or electronic transfer. Several websites allow you to list your items on their site and get quotes from potential buyers. They keep the money in escrow till the ring is verified and appraised by a gemologist. You may list your ring on online auction sites or classifieds.
There are multiple selling options available in the retail and online marketplace. A few things must be kept in mind to sell engagement ring:
• Get an accurate valuation of your ring.
• Choose a trustworthy, reputed buyer with professional experience.
• Certificates of authenticity and quality from independent labs and experts help in getting an accurate valuation.
• The selling process must be safe and secure.
The valuation process for second hand diamonds is pretty complex as diamonds do not have a quantifiable melt value like gold. The size, shape, color and clarity of the diamonds are the factors which determine their value. The value of gold or platinum used in the ring is calculated on the basis of the metal’s weight and purity. It is important to have a realistic idea of the ring’s value. The monetary market value of the ring may not be as high as the emotional value it holds for you. The most crucial part is to find a buyer who offers a fair price and professional service.
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