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Step 1
Have your ring appraised by a certified jeweler. Potential sellers will look for evidence of the ring's value, as well as its size, cut and condition.
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Step 2
Take your ring to a jeweler for cleaning and repair. You want your ring to be in the best possible condition for sale.
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Step 3
Ask your jeweler to take pictures of your ring. You will want professional images to accompany the listing of your ring. Have pictures taken from several different angles to demonstrate your ring's quality and unique characteristics.
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Step 4
Research the selling prices of similar pieces for size, cut, clarity and other characteristics to determine your selling price.
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Step 5
List your ring on an online auction site, in your local classifieds (online or print) or place it with a local jewelry consignment shop. Expect to get approximately 50 to 70 percent of the appraisal value of your ring. List a higher price so that you will have room to negotiate.
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Step 6
Be prepared to show potential buyers all paperwork associated with your ring: appraisal, original box and receipt, proof of cleaning and repair and any matching pieces (like a wedding band or earrings).
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Step 7
Verify any and all payments prior to accepting them.
Comments
Scottmunc said
on 10/28/2008 My jewler said they wouldn't take pictures and didn't know anyone in Key West who did. He recommended using a digital camera and taking pictures in the sun.
Momowisc said
on 8/11/2008 Try selling on sites like www.idonowidont.com. Bloomberg news actually covered a story on it today. Check it out as well. http://www.bloomberg.com/apps/news?pid=20601093&sid=aIpNv7nRUzFE&refer=home