Click. Almost gone. One of the reasons it can be challenging to determine the precise value of an engagement ring is that the price of the gold, silver, or platinum that its band is made of fluctuates daily. At PMR, our expert staff will price your items accurately and offer you more than any other vendor. Furthermore, designer pieces such as Cartier and Tiffany rings perform well on the secondhand market, as most buyers will pay a premium for the brand name. However, your diamond ring or other jewelry’s resale value can depend on a variety of factors, all of which we’ve covered below. Therefore the metal value of your ring will depend on when you sell and the market on that day. Most people expect to get the appraisal value for their ring, but the truth is, it doesn’t reflect the diamond ring’s resale value. Kernserstrasse 17 / Sarnen, Switzerland CH-6060. Primarily it would depend on the quality of diamond and the place from where you have purchased it. If the main stone in you ring is a diamond, you will need to know the 4 C’s of your stone in order to receive an initial valuation. While many locations, including local jewelers, have the expertise and equipment to assess your diamond, you must be aware that not all will be entirely objective. Valuing diamonds starts with establishing their quality level, which will be the basis for estimating their retail market price as part of new jewelry, and then, their resale value as pre-owned stones. There’s also the issue of inflation. However, even a diamond with an outstanding evaluation will be worth less than the amount you paid for it at retail. As such, they are able to assess and value your ring based on the current secondhand market. There are a number of factors that impact the value of a piece. We get commissions for purchases made from our affiliates through links in this article. But from all of them, diamond grading institutions are the most objective ones. We’ve covered these reasons in more detail below. The entire selling process can take as little as 24 hours from filling out the form to receiving payment. Don’t settle for less money or less service. Antique is defined as pieces over 100 years old. This certificate is an independent lab evaluation of the diamond’s quality. Engagement rings with GIA certified diamonds generally command a higher price, as the buyer is assured of the quality of the stone(s). If the diamond has been certified by the Gemological Institute of America (GIA), these details will be indicated on the certificate. Is there any hidden damage that will have to be repaired? Appointments are limited to: New York, LA, Dallas, Birmingham (UK), London (UK). When looking to sell a ring, you will likely have some questions. Should you decide not to accept the offer, we return your ring to you, no questions asked. These are completely secure and only used by WP Diamonds or our trusted partners. Metal prices fluctuate, so their value changes on a daily basis. Almost gone. They are known as the 4 Cs: Based on these characteristics, a diamond expert can determine an accurate value for the stone, which can then be used in calculating the overall value of the ring. or Best Offer. What is your ring worth? This field is for validation purposes and should be left unchanged. Questioning whether your gemstone is a real diamond or a fake diamond? Click. Get the Most Value: Our years of experience and expertise provide us with the ability to give you the best price. We are taking every necessary precaution and following CDC recommended guidelines to assure the welfare of our staff and clients. And unless the diamond ring comes with a Diamond Grading Report from a reputable company, such as the Gemological Institute of America, the descriptions of the diamond provided on the appraisal are subjective to the appraiser’s opinion, and it’s possible it may not represent the actual characteristics - and therefore potential value - of your stone. Opportunity to work with jewelry experts. As such, GIA certified diamonds often receive higher prices. These are: With this information, diamond buyers will be able to calculate a price for your stone. Fill out our online form to receive an initial estimate. From the ever-popular round diamonds to fancy shapes like pear and heart, diamond shapes and preferences have evolv... January has been dubbed ‘Divorce Month’ by lawyers and statistics alike, shining a light on an unhappy surge in divorce filings and divorce related searches in the New Year. The price you’re offered for your diamond can also vary hugely depending on how you choose to sell it. In a best-case scenario, you can expect to receive between 20% and 60% of what the ring originally cost, depending on where it was purchased. Most rings are made of gold, platinum or silver. So, to figure out the resale value of your diamond, multiply the average retail price of similar stones by 20%-40% to get an estimate of the amount of money someone would pay to buy the stone. Learn How to Calculate Diamond Prices So You Don't Get Ripped Off & Overpay. The precise amount you’ll lose depends on several factors: Let’s start with the first factor. Take it to Platinum testing or assaying lab & have it tested for purity. The process is confidential and when you leave our store, you’ll have the most money possible in hand. Diamond prices fluctuate over time. So your rings weigh about 0.725 troy ounces. All our locations are permanent, private, and secure. GIA certificates are the gold standard in the industry and as such their grading’s are very rarely disputed by any diamond buyer. The type of gem (diamond, ruby, emerald, etc. As mentioned before, a jewelry retailer has to pay for wages, maintenance on a building, furniture, security cameras, marketing, water, and electricity, amongst other things, as all business owners do. Bring in a competitor’s written offer and we guarantee we’ll pay you more. The resale value of a diamond can vary hugely depending on its carat weight, color, cut quality, clarity and numerous other factors. Copyright © 1995-2020 eBay Inc. All Rights Reserved. At Precious Metals Refinery, every item is weighed on a precision scale that has been inspected and approved by the state’s Department of Weights and Measures. Even if the store buys it back from you at 100% of its new market value, there’s a significant markup placed on the new diamond that you won’t get back. This markup can vary depending on where you buy the diamond. We will then provide you with a final price and wire the money into your account or send you a check. C $5,749.44. Because no two diamonds, vendors or potential buyers are the same, there’s no … Tell us as much information as possible to help us help you (ie, budget, preferences, etc), Mike learned the diamond business from the ground-up at Leo Schachter Diamonds - one of the world's top diamond manufacturers. © 2020 The Diamond Pro+412-2501-7829Kernserstrasse 17 / Sarnen, Switzerland CH-6060, We are a team of diamond experts who will teach you to identify scams and avoid spending money on features you can't see. 1.20Ct Round Diamond Alternating Heart Eternity Band Ring Platinum Engravable. Does where I sell my engagement ring affect the price? Platinum Diamond Engagement Ring with GIA cert. 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. Our service is free of charge with no hidden fees or commissions deducted. C $2,705.29. If you buy online (e.g. As we mentioned in our guide to selling a diamond ring, we’re often contacted by readers who are considering selling their diamond jewelry. Precious Metals Refinery will pay you the most money for your Gold, Jewelry, Diamond, Watches, Silver & Coins. That’s why we employ loan specialists from Equity Lenders Group, a collateral lender. Diamond Resale Value. However, the reality is that investing money in just about anything else would have produced a better return on investment over the same period than purchasing and keeping a diamond. Bio: Written by one of our diamond, designer jewelry or luxury watch experts. Since brick-and-mortar jewelry stores need to pay for things like rent, staff salaries and utilities, their diamond markups can be very high. How much can I sell my engagement ring for? Then the diamond is measured with gauges and scales to determine the 4 C’s; cut, color, clarity, and carat size. During the COVID-19 pandemic, PMR is OPEN as an essential financial services sector company as we provide credit and liquidity to customers in our capacity as licensed pawn brokers and otherwise provide critical financial utilities and services that support these functions. We only trust the best diamond grading lab in the world, GIA, to grade valuables prior to auction. And, of course, the more pure gold is, the more valuable it is. They are limited to pieces that sell well in the local area and therefore may not be interested in your specific ring. Once your diamond arrives at our offices, we facilitate the GIA/IGI grading as described above. PLATINUM DIAMOND RING RADIANT 1 3/4 CARAT VS1 F CERTIFIED SOLITAIRE SPLIT SHANK. Originally founded by Richard Baron, Precious Metals Refinery has been in the jewelry business for over 50 years. DISCLAIMER: We don't use your email for marketing. There are several reasons for this, from the diamond’s retail markup (this can vary depending on where you purchased the diamond) to the difficulty of reselling a pre-owned diamond. Is it a ruby, emerald, sapphire, diamond? Blue Nile will send you a paid shipping label to return the ring. We can provide an initial price range based off of the information you provide, but our experts will need to examine the ring in person in order to give you a firm and final price. Whether your divorce was a mutual decision or initiated by your partner, trying to move on after divorce is equally challenging. In our guide to selling a diamond ring, we bought a diamond ring from Tiffany & Co. to see how much we’d be offered for it by different diamond buyers. You can maximize the impact on price of a designer name if you have the ring’s original box and paperwork. According to CNN Commodities Prices, platinum is $1,538.70 USD per troy ounce. All our lenders are trained in the most current state-of-the-art practices which means they can help make sure you get the highest loan value possible. As you prepare to sell an engagement ring, it’s helpful to have a general understanding of how rings are priced. A diamond grading report includes a very accurate description of your diamond’s attributes: carat, cut, color and clarity. $5,500.00. However, pre-owned diamond rings rarely sell quickly (especially at near-retail prices), meaning you may need to wait for a long time before your ring finds a buyer. ), its size, how it is cut, and its quality are all pieces of information that will help you start to determine the value of the ring. In general, the reason your engagement ring is worth less in a resale transaction is the idea of “markup” noted above. Vintage is defined as pieces between 20-100 years old. But what does this mean? The ring band material is then inspected and taken into consideration. Karat weight refers to the percentage of pure gold: the higher the karat weight, the purer and therefore more valuable it is. Platinum Guild International (PGI), an industry body supported by South African platinum producers and refiners, has stated that the demand for platinum jewelry … However, the resale value of a diamond is almost always significantly less than the amount you or your fiancé paid to purchase the diamond when it was new. We provide appointments as well as a free and fully insured shipping service (FedEx Priority Overnight) to our headquarters for a valuation.