You got married and unfortunately, things did not work out. You are not alone. We have people coming in every single day to sell an engagement ring to Diamond Exchange Houston. In fact, nearly 50% of all marriages end in a divorce.
Now that the divorce is over you are left with a pricey engagement ring that you would like to sell for cash. You are probably wondering what is the best way to sell an engagement ring?
In this article, we will give you tips and expert advice on what to do if you have an engagement ring to sell.
Are You In A Hurry For The Money?
The first question you need to consider is how quickly do you need the money. If you are in dire need of the money then some of these tips and suggestions might not work for you because some of them take time. If you are at risk of getting evicted and need the money ASAP then an option that might yield you the most money a month from now might not be your best option. Everybody’s situation is different and some clients we work with are willing to wait to get paid maximum value.
If you are in a hurry for the money then the best advice that we can give you is to do your research on Google on companies in your area that buy diamonds and jewelry. Choose several companies that have good reviews and physically go into the shops with your engagement ring and see who is willing to pay you the most.
Often, when customers contact Diamond Exchange Houston we urge them to take their rings around first to get offers before they come to us. The majority of the time customers initially think that their diamond rings are worth a lot more than what it is. The reason for this is they often overpaid for their rings at a retail jewelry store or because they have an inflated appraisal.
Selling Your Engagement Ring on Consignment
One option that we always give our customers when they want to sell their diamond jewelry or engagement rings is consignment. At Diamond Exchange Houston we offer a jewelry consignment program that gives our customers the ability to get maximum value.
When a customer leaves an engagement ring with us on consignment we give them paperwork describing their item and a price that we are going to try to sell it for. We then list the ring on our website and have it here at our jewelry store to display to interested buyers. The only downside to consignment is that we do not know exactly how long it will take to sell it. Sometimes items sell quickly and other items might take a while. Our customers that do our jewelry consignment program are willing to wait to get maximum value.
Try To Sell Your Engagement Ring on Your Own
You also have the option to try to sell your engagement ring on your own to a private buyer. There are several websites and apps that allow you to list your jewelry on to try to sell on such as Facebook, Craigslist, and OfferUp. The bad part about trying to sell your engagement ring on your own is that there are major security issues. You need to be safe when meeting a stranger who wants to buy a very valuable item from you. Also, the buyer might not trust you as much when buying diamond jewelry vs. buying it at a reputable jewelry store like Diamond Exchange Houston.
Hopefully, this article has given you some good tips and tricks you can try when you want to sell your engagement ring. Diamond Exchange Houston has bought and sold thousands of engagement rings and diamonds and we are here to give you expert advice. Simply call us today at 281-623-1105 or fill out our contact form and we will be glad to cover your options and give you advice.
Visit Us Today:
Diamond Exchange Houston
4306 Yoakum Blvd #305 A
Houston, TX 77006