Whether you have an old engagement ring that you no longer wear or you recently split from your spouse, one question you may ask yourself is, “What should I do with this engagement ring?” While you could place it in a safety deposit box or in your jewelry box, the ring really does no good there. It’ll most likely just be tucked away and forgotten about.
If you’re ready to sell your engagement ring, but don’t know how, we’ve provided some tips to help you.
1. Be emotionally ready
Selling a diamond engagement ring is not an easy thing to do. Even if you've been divorced for some time, it can be a lot to handle, emotionally speaking. Diamonds are symbols of love and passion and there are probably memories tied to the ring -- you need to take the emotional aspects out of the process so that you don’t sell the ring only to regret it later. Also, if you sell and you’re not emotionally ready, you may make the mistake of settling for too little.
2. Know what your ring is worth
You don’t want to get your hopes up by thinking that your ring is worth more than it really is. You need to be realistic so that, when you try to sell it, you know what types of offers to expect. It’s in your best interest to have your ring examined by an expert to determine the quality, authenticity and attributes that will affect its price. At Have You Seen The Ring, all items are carefully examined and verified by an independent GIA graduate gemologist.
3. Be realistic with the price
The fastest way to be disappointed when selling your ring is to set an unrealistic price. It’s important to know how much the stone is worth and what it will sell for in the current market. Otherwise, you may set a price and sit on it for months and even years as people pass your ring by for more lucrative offers.
4. Know your selling options
Although you could pawn your engagement ring, put it in the classifieds, or go to a local jeweler to sell it, today the Internet makes selling your ring faster and easier than ever. And you can conveniently sell it on our website by simply creating a free listing and watching as the offers pour in. Or simply provide us with information about your ring and we’ll make you an offer within one business day!