Most people who are selling their diamond ring want to make the most money. This means that finding where the best place to sell a diamond ring, will depend largely on the amount that the different diamond buyers payout. You can look at reviews from customers to see what they were offered for their diamond rings, and sometime websites even display the average payout.
Most Money – Online Diamond Buyers
More people are finding out about the great service that online diamond buyers are providing. By utilizing the Internet and their website, online diamond buyers can reach out to many customers from all over the world, allowing them to improve their business and increase their payouts. By hiring a staff of expert diamond appraisers, you can be sure that the value that they place on your diamond is fair. This allows you to be sure that you are getting a great offer. Not only do the online diamond buyers pay the most money, they also offer a great all around service. Below are two that we would recommend using.
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Least Money – Pawnshops
Pawnshops are not a good option for selling a diamond ring because of the difficulty in valuing a diamond. They generally do not have the appropriate tools to give a proper valuation, only leading to an extremely low offer. If you desperately need money, they will be the fastest option but not the best place to sell a diamond ring.
Another Option – Local Jewelers
If you have any jewelers in your area, they may be willing to purchase your jewelry. Because the prices of diamonds are often based off of the demand, there will be better times to sell than others, and jewelers may be more intrigued to stock up their inventory. The amount of money that you will get can differ greatly from jeweler to jeweler depending on their business strategies. It is still good option to see if they will make an offer, or they could even give you a free appraisal.
If you want to earn the most money, the best place to sell a diamond ring will definitely be to an online diamond buyer.