Selling Your Engagement Ring

There are a lot of reasons people sell their engagement ring. It could be the relationship is over, your family needs the money, or it is part of an estate and needs to be sold for that reason. Engagement rings are sold all the time for various reasons. If you're planning on selling your engagement ring, now is one of the best times to sell, but you need to sell it smart.

There are a lot of options available for selling your ring, but they all come with their pros and cons. Here are a few options commonly used to sell diamonds:

Craiglist or Other Online Marketplaces

Selling a diamond ring privately is one possible way to handle the transaction. On the one hand, you can choose the asking price for your diamond and hope that someone pays it. Selling this way has its risks, including scammers who swap the ring for one of considerably less value, and then return it to you as ‘significantly not as described.' They can also take off with the ring without paying you a penny, leaving you without your diamonds or the money to show for it.

If you choose this route, it's best to have your diamond professionally appraised. Keep a copy of the paperwork even after you've sold the diamonds in case someone tries to claim they are of lesser value, and never meet with someone alone or at your home. Genesis Diamond Buyers Nashville is the safest possible option, with no risk involved in having us take a look at your engagement ring.

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Pawn Shops

Selling an engagement ring to a pawn shop can seem like the ideal situation. However, unless you intend on using it as a short term loan you won’t get your money’s worth. A pawn shop may offer as low as twenty percent of the value of the ring. Pawn shops are the jack-of-all trades, masters of none. They simply can’t offer the best price when you are selling an engagement ring because they don’t know the actual value of your engagement ring like the experts at Genesis Diamond Buyers Nashville.

Pawn shops seem like the fastest and easiest way to sell an engagement ring, but the reality is that you will often be in and out the door faster at Genesis Diamond Buyers Nashville. Since we know what we are dealing with, we immediately see the value of your engagement ring and can make a cash offer within minutes!

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Diamond Buyers

If you want to get the most out of your engagement ring the best way to do it is through a diamond buyer. Diamond buyers provide the ideal compromise between the risk of a private sale and the low price pawn shops offer. On top of that you’ll get the help you need to get the most you can for the investment. A diamond buyer knows the diamond market. We determine the cut, quality, clarity and carat weight of the ring to arrive at the true value of your engagement ring.

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