Jewelry Care & Maintenance

Where to Sell Engagement Ring Jewelry

Rachel Akmakjian

Author

Rachel Akmakjian

Maybe you popped the question – and promptly got dumped. Maybe you found an old engagement ring in some estate jewelry or a loved one’s belongings. Perhaps you’ve just upgraded your own diamond engagement ring and want to make a little cash off your old ring. Whatever the case, now you’re wondering where to sell engagement ring jewelry.

We’re here to help.

Here’s everything you should consider when you decide to sell an engagement ring, where to sell an engagement ring, and how to get the best price.

Engagement ring

What You Will Learn

Think Before You Sell Engagement Rings

First, you need to really think about this choice to sell your engagement ring. Why are you trying to sell the ring?

There are many reasons why you might. The relationship ended. You found one at a yard sale or flea market. You upgraded. However, you may deeply regret the decision if you don’t carefully consider the “why” behind selling your engagement ring.

Valid Reasons to Sell an Engagement Ring

Valid Reasons to Sell an Engagement Ring

Here are some circumstances under which it might make sense to sell an engagement ring:

  • The relationship ended, and now the ring is too painful to keep
  • You purchased or inherited the engagement ring from someone else and do not need or want it

In short, there are few instances wherein it makes sense to sell an engagement ring. You should only sell your engagement ring if it genuinely offers no emotional value to you or someone close to you or if it brings up negative emotions and you cannot see them waning.

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Still, even if the feelings are negative, it’s a brilliant idea to hold onto the ring for a while, out of sight and out of mind, in case there’s a time when you do treasure that ring (for example, maybe twenty years after your divorce, you feel more amicable toward your ex-spouse, and want to pass on the ring to a child).

Similarly, even if you do not have any emotional attachments to an inherited or purchased ring, if it came from someone within your family, check with other family members to see if they may have an emotional attachment. You may want to give the ring to them versus selling it.

Times You Might Want to Think Twice Before Selling an Engagement Ring

There are times when selling an engagement ring just doesn’t make sense or may be regrettable.

For example, if:

  • You decided to upgrade your engagement rings and wedding rings, and now have an extra
  • You need fast cash
  • You’re in a disagreement with the ring’s buyer/your fiance or spouse

You should never try to sell an engagement ring just because you’re upset at the buyer (imagine how silly you’ll feel after you reconcile!). You also should not sell an engagement ring just because you need fast cash; while selling the ring seems like an easy, quick option, there’s likely something else you can sell that will not require losing something so sentimental. Likewise, don’t sell a ring just because you upgrade; you can keep the original ring in storage or pass it down as an heirloom piece.

How and Where to Sell Your Engagement Ring

You’ve given it the appropriate amount of thought and decided it’s time. You can sell the ring with no regrets. Here are the steps to do so and where to sell diamond engagement ring jewelry.

1. Get an Appraisal

First, you need to know how much to sell your engagement ring for to ensure you’re getting the most money possible. An appraiser can look at your diamond ring and assess its various components, including the carat weight of the gemstones, the precious metals used, and the current state of the jewelry industry, to tell you the resale value.

This step is especially crucial if you want to sell old engagement ring jewelry, as its age can heavily influence its value.

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2. Decide How You’d Like to Sell the Ring

Once you’re aware of the engagement ring’s value, it’s time to explore your options as far as how to sell a diamond ring. You have a lot of options.

First, you can decide to only sell diamonds within the ring to a reputable diamond buyer. Diamond buyers purchase diamond jewelry for diamonds only, not caring about the precious metal in the band, as they plan to use the diamonds in other jewelry later.

Otherwise, you can sell diamond ring jewelry through a few different avenues, including:

  • Pawn shops
  • Local jewelers or a local jewelry store
  • Jewelry buyers on an online marketplace
  • A private sale

A pawn shop is your best bet if you want to sell the ring quickly, but do note that you might not get the best price. You may be sacrificing a fair price for a speedy sale.

A local jeweler will likely give you a better price, but you may be unable to walk into any jewelry store and sell engagement rings. It could take a little shopping around to find a buyer.

If you decide to sell an engagement ring online, make sure to only work with a reputable online diamond buyer or site that specializes in buying and selling fine jewelry and other diamond jewelry. Don’t just ship off your diamond rings to a shady business that promises to send you a check. (The Diamond Exchange is a safe bet.)

Similarly, if you go the private route and advertise your ring to private buyers, you can try selling online via marketplaces like Facebook and Craigslist, but, again, be careful about sending a ring off to someone without securing payment.

3. Turn Over the Ring to the Buyer

Once you have a buyer, it’s time to hand over the ring. In some cases, this is easy. You just give the engagement ring, with or without the matching wedding band (including a wedding ring in the deal can often get you a better price), to the buyer.

However, in other cases, you may need to meet with a potential buyer to show them the ring, so they can decide whether or not they want to buy it (be careful about meeting private buyers in person!). You may also need to ship a ring, requiring careful packaging and postal insurance.

However, you end up handing over the ring, secure payment, and always proceed with the utmost caution.

How to Sell Engagement Ring FAQs

TL;DR? Here are all the quick facts you need to know about where to sell diamond rings.

Should I Sell My Engagement Ring?

Before asking where to sell my engagement ring, ask, ‘Should I sell my engagement ring?’ You should not sell diamond ring jewelry, and you should especially not sell wedding rings or engagement rings if you have any emotional connection to the rings. However, if you have no emotional connection and want to, for example, sell old engagement ring jewelry you found at an estate sale, go ahead.

How Do I Find Out Where to Sell a Diamond Ring?

You can go to many places if you’re wondering where to sell old engagement ring jewelry. Pawn shops, local jewelry stores, online diamond buyers, and private sales are all valid options.

Need More Jewelry Buying and Selling Help?

Check out the BriteCo blog for everything you need to know about the jewelry industry, from where diamonds come from to caring for your jewelry to investing in jewelry.

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Rachel's expertise is further enhanced by her distinction as a Graduate Gemologist from the prestigious Gemological Institute of America (GIA), equipping her with exceptional knowledge in gem identification and grading. Her education and experiences have given her an in-depth understanding of the demands and expectations facing jewelers and customers in today’s evolving retail marketplace.