When selling something whether it be jewelry, a car, or just junk at a garage sale, you are likely looking to earn as much money as you can for whatever it is that you are selling. Selling an expensive item like an engagement ring makes it that much more important to sell it at the highest price that you can. Below you can see some tips that will help when selling an engagement ring.
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Sell Your Engagement Ring Online
We don’t mean through an auction site or with a local ad, use online diamond buyers that pay more for your jewelry than anywhere else. By keeping their costs low, they are able to pay more for engagement rings than common competitors like pawnshops and jewelers.
Know What You Have
It is a good idea to get as much information as you can on your engagement ring. This includes information on both the stone and the band, along with any other valuable gems that may be included. This can better help you get an idea of what your engagement ring is worth and how much you should sell it for.
Get An Estimate
Like the tip above, an estimate from a jeweler or someone who is knowledgeable in this field will again give you more insight on what value your item holds. The more places you can get an estimate from, the better idea you will have of the value.
Track Precious Metal Prices
The prices of precious metals such as gold, silver and platinum, fluctuate often and can change based on many economical factors. By selling your engagement ring at a time when the precious metal content of your ring is at a high price will make you more money.
These are just some of the things that can help you when selling an engagement ring.