sell diamond ring

Sell Diamond Ring In Austin

Recently, a rare gold Viking ring over 1,000 years old was discovered in a crate of cheap costume jewelry, prompting many to believe they may strike it rich with their own hidden treasures. 
At some point, a beloved family member will undoubtedly pass away. They may leave some estate jewelry behind to their heirs as a touching personal tribute.
Although it feels wrong, selling diamond ring is a common practice for many. You may not find a Viking ring, but it may be enough to help with some financial issues.
If you’re looking for the best way to sell inherited diamond rings or an old engagement ring but don’t know where to start, this guide can help you. We’ll share how you can turn broken or old jewelry into profit. Keep reading to find out more information.

Why Should You Sell Your Jewelry? 

There may be some stigma attached to selling a piece of your loved one’s estate jewelry, but inherited jewelry is sold off all the time. If your relative gifted jewelry to you in their will, then it is yours to do with as you please. 
Maybe it’s just broken or out of style. Or maybe you really just need the money to get out of a financial bind. Estate jewelry is often sold to tie up any loose ends involved in a person’s estate or final expenses. 
While your loved one meant well leaving you inherited jewelry instead of money, it may have been all they had that was worth anything. Now it’s up to you to find the best way to sell inherited jewelry for the most money.

Types of Diamond Rings

Solitaire diamonds are the most popular design for engagement rings and feature a lone central diamond in the center with no other diamond accents. A three-stone diamond ring, as the name implies, has one central diamond and an accompanying accent diamond to the left and the right of the center diamond. 
Halo diamond rings have one central diamond and are surrounded by an outline of smaller diamonds blending together around the larger diamond’s perimeter. A cluster diamond ring is also a larger diamond surrounded by smaller to medium-sized diamonds with each diamond appearing more distinct.

The 4 C’s

The value can go up based on the number of diamonds your inherited jewelry contains. But it can also increase in value due to the quality of the diamonds. A trained appraiser will examine any diamonds for the 4 C’s of diamond grading:

  • Cut- the shape of the diamond and the number of facets

  • Clarity- the lack of visible marks on the diamond that defines its flawlessness

  • Carat- the size of the diamond based on the total carat weight

  • Color-the amount of brown or yellow coloring graded from D-Z

Once you know the value of your jewelry, you can move on to the best way to sell jewelry below. 

What Is the Best Way to Sell Diamond Ring?

You want to be careful about packing up and shipping off your jewelry to just anyone online. There are unfortunately a lot of scam sites that promise you top dollar for your gold jewelry items sight unseen, only to give you a low-ball offer. Then they already have your jewelry and you may not even be able to get it back.

Private Sale

If your jewelry really doesn’t fit your taste profile or you just need some money to take care of some expenses, why not try selling it to a friend, family member, or co-worker who is interested in buying it?
Offering it to someone you know for a fair and appraised price can get you the money you need fast while knowing your loved one’s jewelry is going to someone who will appreciate it. Be cautious of someone too close to you trying to talk you down too much on the price.

Online Auction Site

Online auction sites like eBay allow other users to browse or create online listings to buy and sell goods like collectibles, vintage toys, and estate jewelry. eBay is a trusted auction site that has been around since 1995. They allow buyers and sellers to rate users so you know whether someone is a legitimate user. 
You can set a “Buy It Now” fixed price or set up an auction format that allows multiple bidders to drive up the price until the auction ends. The highest bid wins the listing. eBay has buyer and seller protections in place, though they do take a commission from each listing.

A Local Jewelry Store

A local jewelry store can be a good place to sell diamond ring. However, not every jewelry store will buy diamond rings.
If the local jewelry store is going to turn around and re-sell your jewelry, they may try to talk down the real price so that they can sell it for more than they bought it for. They may also not accept damaged or broken pieces.

Online/In-Person Marketplace Meetup Site

Make sure you arrange a payment and delivery service online through a marketplace like Poshmark, Facebook Marketplace, or Mercari which will act as a middleman between the buyer and seller for a fee. Craigslist doesn’t charge fees, but it can be a bit shady at times for conducting marketplace transactions.
If you have to meet up with someone locally, always meet up in a place where there are a lot of other people and bring someone with you. Never agree to meet alone in an isolated area or at yours or someone else’s home address. It could be a trap to try and rob you.

A Pawn Shop

Pawn shops offer the promise of fast cash for your unwanted items like estate jewelry. They appraise your items and give you cash on the spot.
It should be noted that a pawn shop will only give you between 25% to 60% of an item’s total value. So if you’re hoping to get more, this may not be the best option. 

A Trusted Gold Buyer

A trusted gold buyer is not one you mail your gold items to and hope for the best. These are storefronts with in-store appraisers who will weigh and evaluate your gold jewelry. They will even pay you more if your old jewelry contains diamonds.
A trusted gold buyer is the best way to sell jewelry and get the most profit and you can get your cash on the spot. It’s quick, easy, and safe.

Sell Gold Austin is the Best Way to Sell Jewelry

Losing someone close is an inevitability of life, but so are bills and other expenses. Don’t let your diamond ring sit around and gather dust when you can get cash for it today.
The best way to sell jewelry is through Sell Gold Austin. We take broken and scrap old jewelry too. You can even get extra money for your diamonds. 
Bring in you diamond ring to our office in Austin, TX for your free appraisal and get the cash you need quickly and safely. 
Contact Us today to find out what your inherited jewelry may be worth.