How to Sell Wedding Rings for Profit

Posted by Olivia Rodrigo on February 1st, 2021

Selling wedding rings is the last thing any couple would want to do.

But as life goes on, many relationships fail due to various reasons, or the couple’s face financial debts. And in such situations selling the rings can seem like the only option.

In fact, there are many people who think that selling the engagement or wedding ring is one way of accepting the fresh and new beginnings in their lives.

What Should I Look For When Selling a Wedding Ring?

Regardless of what the reason is behind selling the wedding ring, we don’t want you to go in a loss. So, here are a few tested and tried tricks that can come in handy while selling the wedding ring. 

1- Understand the Ring’s worth

Before you decide to sell the Women’s wedding rings or any other jewelry, it is important that you get the jewelry appraised by an independent, third-party, and certified jewelry appraiser. 

You can take the rings to several appraisers if you aren’t happy with the assessment. An appraisal certificate will provide you an idea of your ring’s worth. 

Below Are the Documents That You Require To Get the Jewelry Appraisal:

• Ring documents like GIA certificate
• Any appraisal documents did previously
• Insurance document
• Jewelry’s invoice

2- Research Your Selling Options

There are a few options that you can consider while selling the ring, such as:

Pawnshops: A pawn shop is the fastest way to make money by selling things. But, a pawnshop may not be the best option if the shop doesn’t have any trained staff that has knowledge in diamonds or precious metals. Plus, pawnshops buy things to sell further; meaning the chances of acquiring higher profits in the resale is slim. 

Auction: Auctions are a hassle-free option for selling diamond jewelry. But auctions can be time-consuming. And if the auction you opted for is a low reserve or no reserve, then you won’t get a lot of bids if the bidding starts at a lower cost. And that means there is a chance that you may not walk with an expected profit. 

Place Ads Online: One way to attract a large audience is by placing the ad online on sites like eBay, craigslist, or even Facebook. Even though the picture may not do a lot of justice for the purchaser to take the decision, but this can prove a decent option. Also, if you find a potential buyer, see to it that you make the selling arrangements along with people you know. 

Professional Jewelry Buyer: Opt for professional jewelry buyer is the best bet when selling used jewelry. Professional jewelry buyers will consider the best characteristic of your jewelry to offer you the finest deals.  

Bottom Line

We won’t tell you that you have to stick with your diamond wedding rings or engagement rings even when there is trouble in paradise. That is all your choice. 

But, we don’t want you to face loss while reselling the rings. So, follow this article to ensure you gain what you deserve by selling your wedding ring.