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Sell A Diamond Ring

Why Should I Sell My Diamond Ring?

 

Everyone may have a different reason for selling a diamond ring. Whether it is to move on from a past relationship, or to simply upgrade your jewelry collection, now is the perfect time to sell your ring.  With the prices of diamonds escalating, take advantage of the current market and get cash for your ring.

selling a diamond ring

Where Can I Sell My Diamond Ring? 

 

There are several methods to selling diamonds. Choosing the right buyer is crucial as it will provide you with your ideal payout and a good experience. Each option has its own pros and cons, therefore, learning about each option will help you make the right choice. 

-Online: Ebay and Craigslist are options, however, there are hurdels, and associated cost.
-Auction: Most auctions only buy the most valuable diamonds, and be prepared to spend all day.
-Private Buyer: Finding a trustworthy dealer may take time, however, once you find a reputable buyer with a good offer, you will receive full retail price for your diamond.
sell my diamond ring

How To Find The Right Diamond Ring Buyer? 

 

It’s not surprising that some jewelry establishments take advantage of customers by deceiving them about the true price of their diamonds. Fortunately, with this guide, you will learn to differentiate deceiving buyers and trustworthy buyers. Keep these tips in mind to find the best buyer: 

  • Search for companies with an outstanding rating on the Better Business Bureau. And, search for reviews on Google+ and Yelp when making your choice.
  • Be sure the company is certified and uses equipment certified by New York State. Don’t be afraid to ask questions.
  • Be sure the buyer’s policy includes an actual estimated price. Some companies will offer exaggerated estimates for marketing purposes only.
  • Know your Product. Such as, the cut, shape, and value. 

 

sell a diamond ring

What Is The Selling Process? 

 

Most private buyers follow a simple process. First, he or she may ask you to fill out a form with information about your ring, then he or she will test the diamond and measure it. Based on those results, you will be given an estimate, and if you concede, supply you with a payment. Most private buyers will supply cash, cashier's check or a wire transfer.  All you need is your ring and photo identification.

 

diamond ring buyers

What Is The Typical Diamond Ring Appraisal Process?

 

A typical appraisal process takes about fifteen minutes. First, the appraiser will test the diamond with nitric acid, then he or she will measure the height and width, and lastly, he or she will inspect the surface with a 10x magnifying glass to inspect for any inclusions.

buyers of diamond ring

How Is A Diamond Ring Appraised?

 

When selling your diamond, an appraiser will calculate an estimate based on the four C’s, and: 

-Current market value: Is your ring in demand in today’s market?
-Retail Price: Did you get a deal on your ring?

-Quality: Does your ring have any abrasions or inclusions?

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How to Authenticate Diamonds?

 

There are several ways to authenticate your diamonds at home before getting them professionally appraised. The most non-invasive methods are:

- The Fog Test: Breathe directly onto the diamond as you would a mirror. Real diamonds disperse heat, therefore, if your diamond fogs, it may be a counterfeit.


-The Water Test: Place your diamond in a cup of water. Due to the density of diamonds, they should sink. If it floats, it is probably counterfeit or is only diamond plated.

But, you should still get your diamond professionally appraised just to have a second opinion.

selling diamond engagement ring

How Can I Calculate The Value Of A Diamond Ring?

 

According to the Gemological Institute of America, there are over twenty factors that contribute to the value of a diamond. But, the four most important are: Cut, clarity, carat and color. 

-Cut: The shape, symmetry and interior design of the diamond.
-Clarity: The quality of the diamond.
-Carat: The weight and measurements of the diamond.
-Color: Any hint of colors or color hue.
selling my diamond engagement ring

What Are The Four C's?

 

The GIA meaures diamond value based off of the 4 C’s, using a numerical or alphabetical system. 

-Cut: The cut is graded by the amount of light that reflects off the diamond. It is graded by Triple X (excellent) to poor. Excellent meaning it reflects all of the light. And, poor, meaning the diamond allows the light to escape from the sides or the bottom.

-Clarity: Clarity is determined by using a 10x magnifying glass and is measured on a scale of I-IF, I being the worst, meaning the diamond has observable inclusions, and IF, internally flawless, meaning the diamond has no abrasions or inclusions.

-Carat: A carat is calculated based on the measurments of a diamonds length, width and height.

-Color: The GIA’s scale is D to Z, D being colorless (perfect) and Z has traces of color pigments.

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How Does The GIA grade the Four C's?

 

The GIA grades the color and clarity of a diamond using a numerical system. The color, refers to the lack of color because a structurally perfect diamond should have no color. Therefore, the grading system ranges from faint colors to colorless. And the clarity, or quality is graded by using a 10x magnifier which looks at the inside and outside of the diamond. The best clarity of a diamond is flawless, meaning it has zero inclusions on the inside or the diamond’s surface.

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Do I Need A GIA Report To Sell My Wedding Ring?

 

No, you do not need a GIA certificate, however, having one may be beneficial because it proves the authenticity of your diamond. And, it includes information about the 4 C’s, therefore, the appraiser will then test your diamond and match it to your document. (Include example)

sell engagement ring

What Are The Advantages Of Selling to A Diamond Buyer Rather Than Pawn Shop?

 

There are several advantages of selling your diamond ring to a jeweler rather than at an auction, online, or at a pawn shop. Such as:

Trustworthy: A reputable buyer should have GIA certifications and use equipment certified by New York State. Therefore, you know you are selling to a reputable company.
-Time efficient: Once you find the right buyer, the selling process shouldn’t take longer than one hour. Versus online which could take weeks.

-Retail Price: Most appraisers will provide retail price, which is more than wholesale.

sell my engagement ring

How Do I Know I'm Getting The Best Price For My Diamond Ring?

 

Being knowledgeable about the value of your ring will be beneficial throughout the selling process. Once you have determined the correct retail price, you will be able to sell your diamond ring with confidence.

buyers of diamond ring

What Are The Most Valuable Diamond Ring Brands?

 

The most valuable diamond ring brands in the industry are Harry Winston, Graff, Chopard, Van Cleef and Arpels, Bvlgari, Tiffany & Co., etc. Tip: Look for diamond ring buyers that consider the brand name during the appraisal, as this will maximize your payout.

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What Are The Most Popular Diamond Shapes?

 

According to Lumera diamonds, the ten most popular diamond ring shapes of 2017 are, round, princess, oval, marquise, pear, cushion, emerald, asscher, radiant and heart. The prices vary depending on the shape due to its current popularity in the market.

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Any Helpful Tips To Sell My Diamond Ring? 

 

Before you sell your diamond ring, keep these helpful tips in mind:

- Do your research before you sell. Look for companies with a good rating on the Better Business Bureau. And, any reviews on Google+ or Yelp can help influence your decision.
- Know an estimated value of your ring using the Rappaport.
- Be sure the company you choose is certified and uses NYS certified equipment.
- Don’t be afraid to ask questions.
selling engagement ring

10 Things You Need to Know Before Selling a Diamond Ring

 

Before selling a diamond ring, educating yourself on the jewelry industry will help you understand the transaction and know which companies to trust and which to avoid. Whether it’s the various cuts of diamonds, the difference between an appraisal and a certificate, or how to determine the true value of a diamond yourself, this comprehensive e-book has all the answers easily laid out to enhance your convenience. Knowledge is power, and knowing as much as you can firsthand will bring you confidence and peace of mind when you sell a diamond ring

sell diamond ring for cash

Selling Diamonds for Cash? Look No Further Than Luriya, a Leading Jewelry Buyer Offering Free Diamond Appraisals!

 

When you sell diamonds, one of the first steps you must take is getting an appraisal. At Luriya, our experts appraise diamonds free of charge and work with GIA to determine the precise cut and price of the diamonds. Whether you’re selling a diamond engagement ring or looking for cash for diamonds, our appraisers will help you determine the true value of your jewelry. GIA has been in business for 70 years and is the number one trusted appraiser in the world, so rest assured that when selling a diamond ring, you will be receiving only the best service and will receive exactly what your diamond is worth.

sell diamonds for cash

Ensure When Selling a Diamond Ring, You Know What You’re In For

 

It’s not surprising that some jewelry establishments take advantage of customers by deceiving them about the true price of their diamonds. Fortunately, this will never be the case for our customers at Luriya. When purchasing diamonds for cash, we offer free consultations so our customers know exactly what their jewels are worth. When selling diamond rings, the most important part of the process is ensuring that your jewelers are honest and ethical. Here at Luriya, we use the finest materials to determine the true value of your jewels so you will always know you made the right choice whenever you sell diamond jewelry.

selling a diamond ring near me

Sell a Diamond Ring Online Using Our Free Mail Away Kit

 

Selling a diamond ring just got a whole lot easier with Luriya’s new exclusive mail away kit. Simply opt to receive the kit in the mail, send us your diamond rings, and we will mail you a check within twenty-four hours after receiving the jewelry. We are committed to the protection of your jewelry by insuring every online transaction we have. Many customers enjoy the convenience and quick results of the mail away kit option and we believe it will soon become a new medium for selling diamond rings everywhere in the next few years.

sell a diamond ring online

Why Should I Choose to Sell Diamonds to Luriya?

 

Of course you will undoubtedly browse through your options of jewelers and companies to decide which will give you the best deal for selling diamond rings. What makes Luriya different from other jewelry companies however is our commitment to customer service and satisfaction which is clearly displayed through our high standards of excellence for appraisals and consultations. We do everything to make the process of selling diamond rings as quick, easy, and efficient as possible for our customers from offering the mail away kit option to offering quality expertise. Besides our efforts to provide customers with the best experience possible in the jewelry industry, we also stand out through selling diamond rings in four very unique ways.

 

  1. We weigh the diamonds in front of you instead of behind closed doors. Not every jeweler is the same and some are more honest than others. For our customers, the experience of selling diamond rings is never a stressful one as they never have to wonder if our methods are honest. They walk away knowing they got exactly what the diamond was worth.
  2. The scales and procedures we use to measure the weight of the diamonds and determine their value are true-to-form and certified by the state of New York. We can even test the scales in front of you to make sure they are working correctly and free your mind from any worry that selling a diamond ring to us would be a bad idea.
  3. We are real experts in the jewelry industry. Many companies attempt to portray themselves as masters of the field when in reality they are no more than amateurs. With a combination of twenty years of experience and the fact that we are a second generation family business, Luriya is more than capable of providing the best service possible to our customers looking to sell a diamond ring.
  4. Our reputation is our top priority, even above our sales. We would never sacrifice our company name for money or profits. We are a renowned business in our community and also very charitable. With this, you can rest assured that Luriya is an amazing jewelry company, available when you need sell diamond rings as well as other items to our establishment with confidence and trust.
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What Luriya’s customers are saying

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My favorite part about Luriya is honestly the e-books. They’re so informative and helpful when deciding where to sell gold. From detailing how gold is measured, to explaining the differences in karats, they do a great job explaining the process to customers.”
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Donald Stenman, Brooklyn, NY
When you go to sell jewelry, Luriya has the best payout offers in NYC. The jewelers know their stuff, no matter what you’re trying to sell.”
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Jennifer Azules, San Diego, CA
For anyone looking to sell diamonds, Luriya is the place to go. They pay well, instruct you about their prices, and let you take your time to make a decision on a deal. Will be back.