It's sad to think that some people have to sell their engagement rings and other sentimental jewelry. Some people choose to sell because their marriage has ended, while others are forced to sell because they need money to save their home from foreclosure or pay off mounting medical bills and other expenses. Regardless of why you have to part with these items, it's important to know how to effectively sell the jewelry so you are getting the most for your precious items.
Know What You Have
Although you might think you know what you have, you could be wrong and the piece might be worth much more or less than you thought. To find out, you should take the jewelry to be appraised. To get the best value for the piece, bring it to an appraiser that doesn't sell or buy diamonds because they will be giving you their honest opinion. Further, don't assume that you have to pay to have the piece appraised. You can visit diamond buyers or pawn shops to see what they value the piece at. If going this route, it's important to visit several so that you're getting a range of opinions.
Price the Piece Realistically
When selling something sentimental, many people set unrealistic prices because their emotions are invested. It's important, although somewhat impossible, to take the emotion out of it and price the jewelry rationally. To make sure that a piece is priced right, use eBay to search for other similar items that have sold. This will give you a good idea of what pieces similar to yours are selling for.
Consider Your Options
When people have to sell engagement rings and other jewelry, they should look into where and how they can sell the pieces. At Have You Seen the Ring, we make it very easy for sellers to list their jewelry and find a buyer. One of the best things about our service is that people are selling their jewelry on their terms and not someone else's.
Make Sure You're Ready
As mentioned earlier, people can become very attached to their jewelry and emotions often run high. To make a successful sale, it's important to ensure that you’re actually ready to part with the piece -- usually once you sell, there's no getting it back.