Where is the best place to sell a diamond ring?
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I have a diamond and gold ring that I want to sell as I no longer wear it.I know there are these cash for gold places but the ring has quite a large diamond aswell.Would I get as much as I paid for it?If not roughly what kind of percentage can I expect?I am in the uk
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Answer:
Wherever you end up selling it, I'd take it to a reputable jeweler for an appraisal first. That way, you'll know what it is actually worth. You can get two numbers when it's appraised: the insurance value, and the resale/trade-in value. If you go by the resale number and take it around to different establishments and see who will give you the closest price. Sometimes you'll get lucky and get more than the appraisal value. Good luck!
cocoloco at Yahoo! Answers Visit the source
Other answers
Any reputable jeweller will buy it from you but will leave enough room to put on a profit margin when they resell it. These gold exchange places do not take the gem stones into account and only pay for the gold. Just sold a £3,500 ring with three diamonds in and only got £1,700.
Peter J
Definitely do not go to a jewelry store as they will give you the least amount of money behind a pawn shop. I have found that the best place for your situation with a gold diamond ring is to utilize a service like http://www.GetGoldCash.com who has the ability to pay more than a local jeweler or pawn shop because they aren't trying to mark the diamond up in a store and dont pay commercial rent.
CNBC
Any Local Pawn Shop Would Be Great.
I'll give you $5 for it.
Lethon Roosevelt
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