There are many reasons why someone might choose to sell their engagement ring. If you’re considering selling your engagement ring, keep these helpful tips in mind.
Regardless of why, those seekers have created a secondary market for pre-owned engagement rings, and there are many opportunities to sell. If you need to unload an engagement ring, you have plenty of options.
An important question is why you’d want to sell an engagement ring in the first place. If they’re so important, what’s the reason for getting rid of it?
Unfortunately, things don’t always work out as planned in matters of the heart. An engagement can be called off for many reasons: family issues, lies coming to the surface, financial problems, dwindling romance, and more.
An important stat to note is that a typical diamond engagement ring will resell for around 20-60% of its original value. Keep in mind that this is the pure resale price. If you sell to an outlet or pawn shop, you will typically get less as they take on the work of actually selling the ring.
Diamonds follow fashion trends, and certain styles fall in and out of style over time. Classic designs like round shapes remain consistently popular, whereas marquise or heart-shaped diamonds are less in demand.
Cut, color, clarity, and weight. Perhaps the most important of these is lab-grown versus natural diamonds, with natural stones claiming noticeably more value. Some lower-quality stones are also “drilled and filled.”