While the factors above all influence the resale price of an engagement ring, in general you can expect to get 20-45% of the original retail price. If you sell your ring to a jeweler, this number will be affected by their markup. Larger stores will likely have a higher markup than your local independent jeweler.
Beside above, how can I sell my engagement ring fast?
Best Way to Sell an Engagement Ring
- Start with Pawn Shops. You already know the ceiling for your jewelry is half it’s buying price, you shouldn’t be too shocked when you walk into a pawn shop. …
- Check the Selling Shop. …
- Skip the Middle Man. …
- Use an Interactive Site. …
- Go to eBay. …
- Call Cash for Gold. …
- Phone a Friend. …
- Keep it Punny.
Then, do engagement rings hold their value?
The rule of thumb is that engagement rings do hold their value – but within the supplier to retailer price range, not at the retailer to customer price range. If you paid $2,000 for a diamond engagement ring, you might logically expect to get around $2,000 when you resell it.
Why is diamond resale value so low?
The reason resale prices for diamonds are so low compared with retail prices is that jewelers buy diamonds in bulk, at wholesale prices, which are much lower. The retail price you pay for a diamond at the store is higher because it includes overhead expenses, such as rent and personnel salaries.
How do you value a ring?
The most straightforward way to figure out the market value of a diamond is to check the prices of stones with the same carat weight and of the same clarity, cut, and color grades. You can do your research online and calculate an average price, which will serve as an estimate of your diamond’s value.
Can I sell my ring back to Kay?
You may trade in any diamond/diamond jewelry item purchased at KAY Jewelers (excluding lab-created diamonds/diamond jewelry) for a new diamond/diamond jewelry item that is at least double the trade-in value. Trade-in value is the original purchase price of the trade-in, excluding charges such as tax and shipping.
What can I do with my old wedding ring?
Ways to Repurpose Your Wedding Ring
- Get your ring remodeled. …
- Turn it into a necklace. …
- Make it into a new piece of jewelry (ring, bracelet, earring). …
- Hold on to it for your kids. …
- Donate it to someone in need. …
- Turn it into a piece of art for your home. …
- Put the stone to use.
How do I value my diamond?
To calculate diamond price, first, choose a color grade (leftmost column) and a clarity grade (top row). Next, multiply the number shown at their intersection by 100, then multiply that number by the carat size. For example, an I-color grade, VVS2-clarity grade diamond would cost $3,000 per carat.
How much money do you get if you sell a diamond?
Diamonds resell for 25% to 50% of their purchase value. So if you purchased your diamond jewelry for $1500, the resale value will be somewhere near $855-900, depending on the buyer’s preferences.
What should I do with my engagement ring after divorce?
What Do People Do With Wedding Rings After Divorce?
- Repurpose the Jewels. …
- Save It for the Children. …
- Give It Back. …
- Trade Memories for Cash. …
- Lay It To Rest. …
- Give It a Ceremonial Goodbye. …
- Throw It Away. …
- Donate to a Worthy Cause.