Sell Your Engagement Ring With Trust
Selling an engagement ring can be an emotional process no matter the circumstances. A divorce or breakup, for example, may initiate your desire to sell. Although there is no reason to rush through the recovery process or the transition to the next phase of life, an engagement ring is an asset you may be holding onto that can help you move forward. You might not be sure about selling your engagement ring yet, and that’s okay. After all, it symbolizes something that was meaningful. But do you really want to see it staring up at you every time you open your jewelry box?
Take a minute to think about the many ways you would spend a couple thousand extra dollars. Would you pay off debt? Or put it in savings? Would you use it for your child’s education, to pay the bills, or to take a much-needed vacation?
Your engagement ring is a financial resource and should be considered as such — when you’re ready, of course. Worthy understands that this is not always an easy step to take. When the time comes to sell your engagement ring, we know you want a trustworthy, understanding company to walk you through the process.
We specialize in selling engagement rings, as well as other types of luxury items. We want to make this as painless as possible for you and help you get the best price for your diamond engagement ring.
- Where can you sell your engagement ring?
- Why sell your engagement ring with Worthy?
- How to sell your engagement ring with Worthy?
- Understanding your engagement ring’s value
- Interesting insights from Worthy’s auctions
Where Can You Sell Your Engagement Ring:Finding a place to sell your engagement ring isn’t difficult, but finding a place that will sell it quickly and give you a good price can be hard. The traditional routes of pawn or consignment shops usually buy for a price well below the ring’s true value. Local jewelers, while more trustworthy, usually cannot give you a good deal when selling a ring. Worthy, on the other hand, doesn’t have the restrictions that traditional jewelry sellers have, which means we can sell your ring more quickly. We can also get you a good price by presenting your item to many qualified buyers.
- Local jewelry stores - As trustworthy as these stores are, they will need to take a big portion of the price you get for your ring for themselves to cover their costs. When choosing to an sell engagement ring locally, you might have to shop around, making the process long and draining.
- Consignment shops - Much like local jewelry stores, consignment shops have their own overhead costs and therefore need to take a large percentage of the price you get for your ring. This is often 35%, if not more. Another problem is if you are in need of quick cash, consignment shops can take a long time to sell your item.
- Pawn shops - While pawnshops can be a great place to find deals on antiques and rare collectibles, they are not the best place to sell engagement rings. If you are looking to make money quickly, you can sell your engagement ring to a pawnshop, but again don’t expect anything close to a fair price for it.
- eBay - There are over a million pieces of jewelry for sale on eBay at any given time so if you decide to sell an engagement ring there, you will literally be one in a million. Unlike shops and stores, you can get a good deal on your ring through eBay but there is no guarantee. One reason for this is that it’s the seller’s responsibility to submit the ring’s characteristics, meaning that sellers who don’t know what they have, don’t know how much to ask for.
- Worthy - Knowing that sellers are looking to get good deals quickly, Worthy has developed a method that lets everyone sell in a way that benefits them the most. Each engagement ring is sent to a grading lab for a full analysis, meaning sellers and potential buyers know exactly what the ring is worth. The ring is then put up for auction to a network of professional buyers who know the true value of the ring and are able to pay the true price. That way, sellers get the deal they need without waiting around for the right buyer to come along.
Why Sell Your Engagement Ring With Worthy?When selling your engagement ring, we know your priorities are getting the best price for your ring and selling it in a safe and easy way. That’s why Worthy has developed an easy to use online auction platform. Our platform makes it easy for professional jewelry buyers to see your ring and for you to monitor the auction. We take care of all the lab grading, cleaning, and care of your ring so the buyers know what they are getting and know your ring’s true worth. And once the sale goes through, we make sure to get your money to you quickly so you can move on.
In addition to taking advantage of our convenient platform and network of professional jewelry buyers, we’ll help you get a high price for your engagement ring. We work the best in our field to provide professional photographs, detailed descriptions, and quality marketing. We also have low overhead commission rates, so you get more from the total of the sale.
When using Worthy, you will benefit from:
- Better offers. Sell your engagement ring for more when we offer your ring to our worldwide network of professional jewelry buyers and they compete for it.
- Fast, simple process. Many of our clients tell stories of how frustrating it is to go to one local jeweler after another in search of a fair price. Worthy is different: we help you sell your engagement ring on a platform that’s fast, fair, and convenient. Grading, cleaning, photography, and marketing expertise are part of every sale. Simply schedule a FedEx pickup and we’ll handle the rest.
- You’re fully covered in insurance from reputable providers. When sending your ring to Worthy for auction, you will receive a prepaid, fully insured shipping label. Insurance remains in place until your item is sold to the buyer.
- Complimentary grading for every ring. Understanding what you have is the key to obtaining a fair price for your engagement ring. All rings are graded at a leading gemological laboratory such as GIA.
- Work with your own account manager. Your Worthy account executive answers your questions and walks you through each step of the process so that you’re never left in the dark. You remain updated as the auction progresses and you always know where your ring is and what is happening with it.
How To Sell Online With WorthyOnce you’ve researched where to sell your engagement ring and decided Worthy is the way to go, we’ll assign you an account manager. This expert team member will help you every step of the way, so you won’t have to worry about a thing. You’ll receive regular updates throughout the process and have a reliable point of contact if any questions arise.
Follow the steps laid out below to sell an engagement ring with Worthy.
Free Secure Pickup - Describe your valuable and schedule a secure shipment. Your valuable will be shipped to our offices via FedEx and fully insured by brokers at Lloyds of London.
We Do All The Work - Once your item arrives at our offices, it is screened and put into our secure tracking system.
We get your valuable ready for auction by carefully cleaning it and having beauty shots taken by professional photographers.
Then it’s off to be graded by an industry-leading diamond lab like GIA, GSI, or IGI. Watches are inspected by Central Watch in NYC.
Now it’s time to create an auction listing, complete with the lab grading and beauty shot.
Set your reserve price, either by using our recommended price guarantee or setting a manual reserve price.
Start your auction!
Get paid - As offers from vetted professionals come in, you decide what offer to choose. Once the auction has concluded, you will receive the final sale amount minus our commission. Choose a payment method and get paid fast.
Recently Sold Engagement Rings:
Understanding Your Engagement Ring’s ValueWhen selling an engagement ring, it’s very important to understand how diamonds are valued - after all, they play starring roles in most engagement rings! Learn more about some of the key features that professional jewelers look for when assessing the quality of diamonds. You may recognize them as “the 4 C’s.”
- Cut: Even though diamonds come in a variety of intriguing shapes, the term “cut” refers not to the outline or shape of a diamond, but to the angle, number, and type of edges or facets on the diamond. High-quality cuts offer more sparkle and shine since they reflect light better than low-quality cuts.
- Color: While fancy colored diamonds are gaining popularity, most engagement rings continue to feature white and colorless or “clear” diamonds. The less color a diamond has, the easier it is for light to pass through it, and the easier it is for those same lightwaves to be reflected and seen outside the diamond. Since the color change from one grade to the next is extremely subtle and nearly impossible to detect with an untrained eye, color determination is among the chief aims of professional diamond grading.
- Clarity: Most diamonds contain microscopic defects called inclusions. The more inclusions a diamond has, the more difficult it is for light to pass through. Clarity is a term that refers to the number and type of inclusions. The fewer inclusions, the more valuable the diamond.
- Carat: Weight or “carat” is among the most important factors when determining a diamond’s value. The larger the diamond, the rarer it is and the more valuable it is likely to be.
We also consider the ring itself. The type of precious metal that it contains contributes to its overall value.
Insights from Worthy’s AuctionsWhile we certainly think that Worthy is the best place to sell an engagement ring, we are not the only ones. We like to back up our claims with research and facts, so you can be sure you’ve chosen the right company to sell your engagement ring.
- 75% of our auctions last year were for bridal jewelry, either bridal sets (engagement and wedding ring) or a diamond solitaire ring.
- And when it comes to style, the three most popular ring styles in our first-quarter auctions of 2019 were bridal sets, solitaires, and halo settings. These three accounted for more than 82% of all our auctions.
- Do you have a round-cut engagement ring you’re looking to sell?
51.6% of Worthy’s 2018 diamond auctions were rounds.