(Closed) Anyone ever sold their diamond ring?

posted 6 years ago in Rings
  • poll: How did you sell your diamond?
    Online : (14 votes)
    70 %
    Pawn Shop : (5 votes)
    25 %
    Back to the jewler it was purchased from : (1 votes)
    5 %
    To someone you knew : (0 votes)
  • Post # 3
    Member
    1186 posts
    Bumble bee
    • Wedding: April 2012

    If your diamond is substantial (maybe 1 ct or more?) you can sell it to Washington Diamond by mail. washingtondiamond.com  They pay well and are very reliable.

    Post # 4
    Member
    365 posts
    Helper bee

    There’s a site called the diamond bistro but you do have to pay to use it.

    Post # 5
    Member
    9955 posts
    Buzzing Beekeeper
    • Wedding: December 2012

    I Do Now I Don’t… has gotten a lot of coverage Nationally / Internationally… Good Morning America – Fox Buisness – NBC News etc.  They appear to have a good reputation, and any Questions you may have are probably covered on their FAQ Page.

    Generally speaking, be prepared to be shocked when it comes to re-selling your Diamond.  Diamonds are sort of like cars, they depreciate highly the minute you take them “off the lot” (25% to 50% LOSS is not uncommon)

    Which is why, most of my GFs who for example have gone thru Divorces, have chosen just to go to a Family Jeweller they trust, and have their rings recycled… the Diamonds placed into a new setting or some other piece (pendants, earrings etc) and the gold from the ring melted down and used / sold to the Jeweller.  Most times this process still requires an outlay of cash by them, but then they get to keep the value of their diamonds (be that financial or sentimental)

    Hope this helps,

     

    Post # 7
    Member
    9825 posts
    Buzzing Beekeeper

    @Helloemi:  No you don’t, it’s completely free to use.

    Post # 8
    Member
    2699 posts
    Sugar bee
    • Wedding: June 2012

    Sold mine on ebay. Sold it for a fraction of the price it was worth but no shops would buy it from me.

    Post # 9
    Member
    1245 posts
    Bumble bee
    • Wedding: November 1999

    @Kkaattii:  I would keep the center diamond and make it a pendant, then sell the setting to a local jeweler for cash.  Totally agree with the other posters that you won’t get much for it though.

    Post # 13
    Member
    1595 posts
    Bumble bee
    • Wedding: May 2013

    idonowidont.com

    you have to pay a 15% fee to the site but they actually will serve as a middle man, verify the diamond, develop an appraisal and send the ring off once they receive payment from your buyer.

    I have purchased three rings from there already 🙂

    Post # 14
    Member
    11234 posts
    Sugar Beekeeper
    • Wedding: August 2013

    I sold my old ring (14k yellow gold, 1/3 ct. stone) to a pawn shop and they gave me $45. 🙁 We sold a very heavy gold and diamond ring from FI’s mom to a jewelry store and they only gave us $190!

    Post # 15
    Member
    4714 posts
    Honey bee
    • Wedding: January 1998

    I traded up at my jewerly store when I upgraded does that count?

    Post # 16
    Member
    3453 posts
    Sugar bee
    • Wedding: September 2012

    I’ve sold to diamonds to independant jewelry stores.  It is hard to find ones that will buy jewelry, but there are some.

    The topic ‘Anyone ever sold their diamond ring?’ is closed to new replies.

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