There are inevitable times when your marriage won’t go happy and successful unexpectedly. Whether you need a fresh beginning, need extra cash, or only moving on to forget all the memories, all these reasons are valid when you need to sell your wedding ring. But it does not necessarily mean that you’ll be settling with any amount. You also need to be practical and get the appropriate amount. Learn how to sell a wedding ring in this article.
Useful Tips When Selling Your Wedding Ring
After getting divorced, getting rid of your wedding ring will naturally follow. In getting the best deal, don’t rush to sell it to just any buyer. Here are some tips on how to sell wedding rings:
Be Sure of What You’re Going to Do
Whether your wedding ring is inherited or has been through many owners, selling it will mean good cash on you. Always make sure of what you’re going to do because it is impossible to get back the sold jewelry.
Don’t Base Your Actions on Your Emotions
You have been through heartache stages and may still be recovering, but that does not mean that you get emotional. In selling your wedding ring, you mean business and have to think well.
Find the Buyer who Gives the Highest Value
Selling your jewelry will generate money quickly, especially if it’s an expensive one, and more buyers will get interested in it. Don’t get overwhelmed with lots of offers. There will always be someone who will get it at the highest value.
No Need to Refer to a Pawn Shop Immediately to Sell Your Ring
There are specialized diamond buyers who your ring’s real value may pay a higher price than pawnshops.
Know Your Ring’s Value
You must always know the worth of your wedding ring to earn a top dollar. To give you an idea of how much your ring is on the current market trend and how much you can sell it, take your ring to a professional jewelry appraiser. You can bring with you your ring documents, insurance policy, previous appraisals, and receipt. Knowing your ring’s value will help you how to sell wedding rings.
Where to Sell Your Wedding Ring
An independent jeweler is also a best find compared to jewelry stores in malls. There will always be one in your place. Try to find them on Google searches to help you save time. However, independent stores may take time and bring a higher value for your jewelry, as they take time to examine your ring and give you the best offer or advice.
You can also try your luck on auctions. Most auction houses give a free appraisal of the item you’re selling. On top of that, you also get insurance services and photography of products. You must be aware that auction houses also take a commission from your sale at an average of 20 percent.
Finding a diamond buyer online is the fastest and easiest way to sell your wedding ring. Selling online is the trend and will also give you enough profit. There are available specialized auctions that you can join where you can earn more. Find the best sites to sell your jewelry to make the processing easy and get insured shipping. Excellent sites will also guide you on how to sell wedding rings.
Pawnbrokers may also be the right choice for you, but they may not provide you with the highest value. But if you’re in a hurry, this option is also the fastest. Choose pawnbrokers that are more reputable than others and have good track records.
You can also go directly to a jewelry broker or jewelry re-sellers. They take charge of the selling process but also get a commission from you. In return, you get the process done quickly because most brokers have lots of buyers’ network and connections.
Factors that Determine Your Ring’s Value
Brand of Your Jewelry
Expensive and designer brands will naturally cost more.
Your Jewelry’s Condition
Your jewelry’s condition plays a significant role in selling your jewelry. Rings at an excellent condition, such as those without scratches or signs of worn out, have higher values.
New wedding rings may not always give you the best price because some buyers prefer vintage rings because they got unique features.
Unique wedding rings are attractive to buyers. Rings that have interesting design details win the attention at every auction.
As with other jewelry, carat weight determines your ring’s value. Aside from the carat weight, how diamonds are shaped also influence the price.
Selling your wedding ring after a broken marriage is always your choice. For whatever reasons you have, selling that piece of jewelry from a previous marriage could be a freeing process while giving you instant cash. Remember the tips on how to sell wedding rings so you could get the highest value and best price as you begin another chapter in your life. Know more about wedding rings.