One of the main services that we offer at Diamond Exchange Houston is we are diamond buyers. People contact us every day to sell their unwanted diamonds, engagement rings, and jewelry. Most of the time people have no idea what the true resale value is of their jewelry. Often times we are the first phone call that our customers make when they are wanting to sell an engagement ring after they go through a divorce. In this post, we will give you some insight as to what a diamond engagement ring is truly worth when you want to sell it.
What Determines The Value Of An Engagement Ring:
When you go to a diamond buyer like Diamond Exchange Houston to sell an engagement ring there are certain criteria that we use to determine the value. The most important thing that we look at when buying an engagement ring is the main diamond. How big, what shape, and what quality of the main diamond determines the majority of the value. All of the small diamonds in the ring do have some value, however, the main diamond is what really determines how much we will buy it for. Also, whether the ring is made from platinum, 10k gold, 14k gold, or 18k gold adds some value.
Diamonds really start to get worth some money when they are over 1/2 carat. When a customer brings us a “cluster ring”, a ring with nothing but small diamonds, the buyout is not typically too high. The reason for this is that there isn’t a main diamond to base the value on. The bigger and nicer the main diamond the more an engagement ring is worth.
The problem with the value of most people’s diamond engagement rings is that they paid too much initially. Customers who do not do their research on the best place to buy an engagement ring will go to retail jewelry stores and overpay.
The Best Way To Sell An Engagement Ring:
When you go and try to sell an engagement ring the price you might get offered can be shocking! A diamond buyers goal is to buy the ring for the least amount possible while trying to remain fair. That is why it is always good to check several places to see who might offer you the most cash for your engagement ring.
When people call Diamond Exchange Houston to sell their engagement ring we often encourage them to go somewhere else first so they can see what other diamond buyers might offer. The reason we often encourage our customers to get offers somewhere else first is that we don’t like to be the “bad guy” that is the first to tell them what it is truly worth. Customers often think that their ring is worth a lot more than it is maybe because of the price that they originally paid or because of an inflated appraisal. Jewelry appraisals often have a very high inflated value that is way more than the actual cost of the diamond ring.
The best way to sell an engagement ring or diamond jewelry is to contact the experts at Diamond Exchange Houston. We have several different options including cash for diamonds and jewelry consignment.
How To Get An Estimate When Selling Your Engagement Ring?
If you have an engagement ring that you want a FREE estimate on then contact the expert diamond buyers at Diamond Exchange Houston. We will give you a cash offer to buy your engagement ring as well as an amount we can try to sell it for on consignment. Get started today by filling out our contact form or by calling us at 281-623-1105.