How to Sell a Diamond Ring Online
There are many reasons that you may choose to sell a diamond ring. Maybe you do not want it anymore or maybe you could use the extra cash. Whatever the case, selling jewelry online is opportune because you are able to reach a much wider market via the Internet and it affords you some privacy. Chances are you'll get more money from selling the ring on the Internet than you would at a local jewelry or pawn shop.
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Instructions
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How to Sell a Diamond Ring Online
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Go to an appraiser to get an appraisal of your diamond ring. The value of a ring depends upon its color, cut, clarity and carat weight. Only a professional appraiser can determine the correct grading for the diamonds in your ring and provide you with an approximate estimate for the value of the ring as a whole.
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Gather information for your online ad listing. Provide all pertinent information such as the size, color, cut, clarity, carat weight and appraisal value of the ring. Include your asking price or starting bid, shipping information and contact information.
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Post the auction for your ring on a high-end, fine arts auction website, such as Christie's or Sotheby's. You can sell anything from priceless paintings to fine jewelry on these websites. Because these sites host expensive auctions, they target a wealthy market of buyers. You'll receive higher bids and more profit opportunities on these websites.
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Post your auction or ad on eBay or Craigslist, respectively. If your diamond ring does not have an appraisal value of thousands of dollars, then you should post it on sites like these. You may still get a good price for your ring on these websites.
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Sell your ring to a scrap jewelry company. There are literally hundreds of these types of jewelry buyers on the Internet. You won't get rich from one of these, but you may make a couple hundred dollars. This option is ideal for rings that are appraised for five hundred or less.
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Tips & Warnings
Include a quality photo of your diamond ring to attract more buyers. Most people will not purchase an expensive item like a diamond ring based on description alone.
Beware of frauds and scams online, especially when selling expensive jewelry.
