It is a sad reality that there are couple engagements that are cancelled and marriages that are broken. And most of the time, people who have been in such sad situations end up asking themselves the question, "Do I need to sell my diamond ring?". According to some experts, part of moving on and forward after a broken relationship is to remove everything that reminds the person about the relationship or the other person. Meaning, selling the wedding or engagement ring can be a healthy option.
However, most of the time, people rush into selling their wedding and
engagement rings because they want to take the pain away that easily. The sad thing is that they will not be able to sell the item at the right price. Besides, even if they sell the ring in a fast manner, the pain will still be there. Thus, it is best for them to sell their rings in a very intelligent and objective manner. According to some experts, one of the first things that people should do, especially if their diamond rings are old, is to clean the product. It would be best if they let a jeweller clean it for them. Through such, their potential buyers will be impressed with the product the very first time they see it.
People who will be selling a used engagement or
wedding ring that is embellished with a diamond should also make sure that they understand the 4C's of the diamond. Through such, they will be able to determine the real value of their diamond rings. The good thing nowadays is that people can already easily find that information on the internet. Also, used diamond ring sellers should also check if their item has a certificate from GIA. With GIA certification on hand, the value of the used jewelrywill surely be higher than the one that has not been certified. Nevertheless, sellers can still choose to have it certified just before they sell it.
Another thing to consider before selling a diamond ring is to make sure that the jewelry is appraised by a certified jeweler or appraiser. Diamond ring appraisals are the ones that will determine the real market or retail value of the jewelry. Thus, the seller will have an idea how much should or he will sell the item. However, if sellers opt to sell their diamond ring to wholesalers and companies that are
seeking pre-owned diamonds, they should expect that the selling value will be quite lower than the appraised value. That is because they will also resell the jewelry.
In addition, people who will be selling their diamond rings should also make sure that they have already considered all the options to whom and where they will be selling their ring. They can sell it to the people whom they know, retail buyers, wholesalers, pawnshops, buying branches, and more. The things that they should consider when choosing buyers is to make sure that they are legit and serious. They should also choose buyers who or that will give them the highest bid or price.
