Thousands of Americans will decide to sell jewelry for cash this year. There are usually three main reasons for this decision.
Why Sell an Engagement Ring or Jewelry?
Thousands of Americans will decide to sell jewelry for cash this year. There are usually three main reasons for this decision. The first and biggest reason is divorce. Millions of marriages break up and women are left with unwelcome reminders of the past in the form of diamond engagement rings and wedding rings.
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The second biggest reason is financial hardship (which often goes hand in hand with divorce). Many people who’ve lost their jobs will take the tough decision to sell jewelry and watches. A quick cash injection can get them through a tough period.
The third group of people who often sell jewelry is people who inherited diamond rings or jewelry collections. Dad’s rolex, or grandma’s bracelets and pendants. might be better used to start a college fund or fix up the house.
Where Can I Sell My Diamond Ring?
If you decide to sell a diamond engagement ring or a wedding ring, you’ll have a lot of concerns.
Your first question will be:
Where’s the best place to sell jewelry?
Your second question will be:
How do I avoid getting ripped off?
Until fairly recently there weren’t any easy solutions. If you wanted to sell gold or jewelry for cash you had very limited options. It was always a buyer's market and jewelry stores invariably underpaid sellers.
Selling a Ring to a Jewelry Store
Traditionally, the first choice for people who wanted to sell diamonds or sell jewelry was a local jewelers. If you live in a small town there are probably very few stores that buy jewelry. You might even be limited to a single buyer. All prices that you’ll be offered will be well below the market value of your property.
Pawnbrokers: Not the Best Place to Sell Jewelry for Cash!
Pawnbrokers traditionally thrived on poverty and misfortune. They are often on the fringes of the criminal world and have an unsavory public image. Like their more respectable rivals in jewelry stores, pawnbrokers always pay the lowest possible prices. If you’re looking for the best place to sell a diamond ring, stay out of the pawnbrokers!
Advertise to Sell Your Jewelry Independently
Some people will take a look at the options and decide to sell independently. You can place an ad on Craigslist or other sites and hope to sell for a good price. But there are several drawbacks; the most serious is that you can be targeted by criminals. If you sell jewelry or diamonds online you will need to take precautions.
The dangers don’t just include thugs looking for an easy robbery target. There are also some very shrewd confidence tricksters out there. More than one person was pleased to sell a diamond ring for cash. They were less pleased when they later discovered that they’d received a wad of counterfeit currency. Others have taken sensible precautions like meeting the buyer in a ‘safe’ public place like a mall cafe, only to be pickpocketed as they leave.
Even if you don’t meet crooks and confidence tricksters, you can expect a lot of timewasters. A common problem is buyers who don’t show up or who make low offers. You can get lucky selling your engagement ring through the classifieds, but don’t count on it.
Sell Your Engagement Ring Online
These days there are plenty of online stores that buy jewelry. If you’re looking for the best place to sell jewelry ‘near me’ your search engine is your friend. The internet smashed the old barriers of distance and revolutionized how we shop. Wherever you live in the continental USA you are never more than one click from online stores that buy jewelry.
The best online stores that buy jewelry will send a FedEx courier straight to your home to collect your jewelry. You can sell an engagement ring and have the money via Paypal within 24 hours. All you have to do is fill out a few online forms - usually an initial valuation form and a final sales agreement.
The Advantages of Selling your Diamonds Online
Generally you can expect to get a much fairer price if you sell your diamonds and jewelry online. If you do sell rings and jewelry online there’s no face to face meeting between buyer and seller. All appraisals are carried out using industry standard formulas. It’s the jewelry that’s evaluated, not the seller’s experience or business savvy. The online buyers will always make an offer that is much closer to the real market value of the jewelry.
If your focus is on the best place to sell jewelry near me, you will have to physically visit stores and pawnbrokers. Even if you’re well organised this can take up a lot of time.
A quick internet search will show up the best place to sell jewelry online . Or you will at least have a choice of options on your screen. It usually takes no more than 5 minutes to complete the online evaluation form and request a quote. There’s no obligation to accept any offer at this stage.
If you do decide to sell your engagement ring, or diamond, or watch online, everything is done for you. A FedEx or UPS courier will come to your home or workplace and collect the jewelry. Your cash will arrive - usually within 24 hours - via Paypal or bank transfer.
If you urgently need money it’s often possible to get a cash payment within 24 hours. Any reputable online buyer will respect your privacy and will never pressure you into accepting an offer. The big online jewelry buyers deal with thousands of clients a month and work on a ‘take it or leave it’ basis. They don’t employ sales reps to call people up and try to wheedle sales out of them.
Thousands of Americans every week are choosing to cut out the middleman sell their jewelry online. If you are looking for a fair price, and a quick and convenient sale it is definitely the way ahead.