Sell Your Wedding Ring With Ease Today
Last updated: October 02, 2019
Are you looking for a simple way to sell an unwanted wedding ring? Whether you’re looking for an easy way to transform old jewelry into usable cash, Worthy can help. Our platform is secure, smart & fast – so you can sell the items you’ve fallen out of love with for money you can use right away.
- Why selling your wedding ring with Worthy?
- How to sell your wedding ring with Worthy
- What factors affect your wedding ring’s value?
- Places to sell your wedding ring
- How to get a fair price for your wedding ring
Why Sell Your Wedding Ring With Worthy?
Many of our clients find us after a quick Google search for “Sell My Wedding Ring.” Mary DeCosta is one example. Her experience outlines the reasons why so many people decide to sell old wedding rings and other unworn jewelry with Worthy’s unique, high-value auction platform.
“I really wanted to sell my wedding ring via a trusted website where I could get my ring graded and sold fast,” says Mary. “I had some important home renovations to get done before winter started and I didn’t have time to waste. After taking a look at Worthy’s website, I realized they were exactly the sort of company I was looking for.”Like Mary, many clients mention how they appreciate seeing features such as Worthy’s excellent BBB rating, as well as the process itself, which lets multiple buyers compete for the items at auction. Worthy’s benefits include:
- Better offers. Worthy’s professional buyers’ network sets our platform apart. With access to our nationwide network of professional, pre-vetted jewelry buyers, you benefit as multiple buyers compete. This way, you get more for your wedding ring than you would when offering it to a single buyer.
- Prepaid, fully insured shipping. When you submit your ring, you’ll be provided with a printable shipping label. Full insurance of up to $100,000 covers your item every step of the way, from the moment your ring is in the shipper’s hands to the moment it is sold to the highest bidder.Luxury Item ProtectionWorthy provides up to $100,000 in insurance coverage for every shipment. We trust Lloyd's of London, a global leader in insurance since 1688, to protect all valuables auctioned on our platform.Click here for more about our item protection policy
- Complimentary grading. Understanding key features of your ring is vital to receiving a fair price for it. We partner with the world’s best gemological labs such as GIA, where your item is graded, cleaned, and photographed prior to sale.
- Simple process. Instead of driving from one jeweler to the next in hopes of receiving a fair offer, simply print a shipping label, schedule a FedEx pickup, and we’ll do the rest. Grading, cleaning, photos, and marketing are taken care of on your behalf.
- Work with a dedicated account manager. When you sell your wedding ring with Worthy, you’ll work side by side with an account manager who will walk you through every step of the process and keep you updated along the way. You will always know what’s happening with your jewelry.
We pride ourselves on the exceptional level of expertise and personalized service that we provide. It’s one of the many features that sets Worthy apart. You can learn more about our A+ BBB Rating here.
100% Seller Protection
We only trust the best diamond grading lab in the world, GIA, to grade valuables prior to auction. Diamonds sold with GIA grading reports are considered more valuable and can command higher prices.
More About Our Seller Protection Policy.
How to Sell Your Wedding Ring the Smart Way
- Submit Your Item. Tell us a bit about your wedding ring such as setting, shape and carat size, and we'll tell you if it's suitable for auction.
- Secure FedEx Pickup. We’ll provide you with insurance for up to $100,000 and a prepaid shipping label addressed to our headquarters.
- Grading and Auction Preparation. Once your item arrives at our offices in New York, it is cleaned, professionally photographed, and sent for a complimentary diamond grading at a top gemological lab, such as GIA, so that you know exactly what you have.
- Auction. Professional jewelry buyers are invited to bid on your ring based on the flawless photographs and detailed report. You are able to watch the auction map live as the bids roll in.
- Get Paid. If the highest offer meets or exceeds your reserve price, you get paid almost immediately. If not, you have the option to have your ring returned to you free of charge and fully insured.
What Determines a Wedding Ring’s Value?
- 4Cs: Cut, Carat weight, Color, and Clarity are four key considerations in determining a diamond’s value. The better the diamonds in your wedding ring, the more you are likely to receive. Diamond shape matters, too; if your diamonds are in a shape that’s currently trending, demand will be higher and you will be more likely to enjoy higher bids as a result.
- Brand: Designer brands typically sell for more, but this is just one of several factors that buyers consider when determining how to bid.
- Condition: When selling your wedding rings, it’s important to understand that condition plays a major role in how buyers bid. Most buyers want rings that are in good or excellent condition. If your rings are scratched or worn, they’re still likely to attract attention since some of our buyers want raw materials that can be used in new designs. Be sure to address any concerns with your account executive.
- Age: You might think that brand new wedding rings would fetch the best prices but this isn’t always true. In fact, some buyers prefer vintage rings for their unique features. Our marketing experts use terminology designed to attract buyers who are interested in wedding rings of different ages, so the market determines the ultimate price.
- Originality of Design: Buyers are eager to purchase unique wedding rings, so interesting design details tend to attract lots of attention at auction.
LATEST SUCCESS STORIES
See what sellers on our marketplace have to say:
Places to Sell Wedding Rings
Whether you’re interested in selling old wedding rings to enjoy an upgrade or for a different reason, you’ll be glad to find that there are a few different approaches to consider. Of these, Worthy is the safest - and smartest option.
- Local jewelry stores. Most jewelry stores exist with the main purpose of selling new jewelry that they’ve purchased wholesale. A few stores do offer good value and these are generally very safe to deal with. The main drawback is that it can be very difficult not only to find a store that is interested in buying your wedding rings, but also to find one that is capable of offering fair market value. If you prefer to work locally, this is going to be your safest bet. However, know that you will have to shop around, get estimates, and compare in order to receive the best possible deal.
- Consignment shops. There are two main drawbacks to working with consignment shops. First is the amount of time it’s likely to take the right buyer to come in the door; second is the very high cost of consignment. On average, consignment stores charge 20 to 50 percent of the sale and you receive whatever is left. Like jewelry stores and pawn shops, consignment stores are usually safe to work with. We recommend reading reviews and thoroughly checking the shop’s policies before making a commitment to sell your wedding rings.
- Pawn shops. Pawn shops have been popular for thousands of years, with everyone from ancient Greeks and Romans to royalty using their services as a fast method of receiving cash for jewelry. These days, pawn shops are well-regulated, mostly safe places to do business. On the other hand, it’s not likely that you will receive much for your jewelry should you decide to pawn it. Still, pawn shops are a reliable source of very quick cash in the event you need to liquify your wedding rings and turn them into usable money in the span of a day or less.
- eBay. eBay is a great place to buy all kinds of things and it was once a good place to sell wedding rings online. These days, many sellers find themselves disappointed by low bids or no bids at all. Furthermore, trust has become an issue; not with the platform itself, but with buyers not trusting sellers that have not established a good reputation. Only about five percent of diamond jewelry offered for sale on eBay sells, leading to major frustration for the seller. It’s true that you get to set your opening price here, however you are saddled with everything from photographing your item and describing it to covering insurance, shipping, and other costs.
- Worthy. At Worthy, we handle everything from shipping to insurance to professional 3D photography - and more. Your item is insured for up to $100,000 throughout the entire process, and our marketing experts have the tools and ability to attract multiple professional, pre-vetted buyers to bid on your wedding rings so that you receive the best price possible. Pre-sale evaluation by top gemological laboratories such as GIA enhances buyer trust. From start to finish, the entire process typically takes less than two weeks. Once bidding has ended and the sale is complete, money is transferred to you via the method you prefer.
How to Get a Fair Price for Your Wedding Ring?
There’s one simple, straightforward reason why so many people decide to sell wedding rings online instead of heading to a local jeweler or pawn shop: When you sell online, you’ll receive more offers. This makes it far easier to receive the true market value of your ring, as fair and often, competitive offers come with a high-demand pool of buyers.
Worthy’s auction platform design is based on the concept that with a larger pool of buyers, there is a far greater likelihood that sellers will receive desirable offers. At the same time, our buyers appreciate Worthy’s transparent process, bidding confidently on items that have been graded by IGI or GIA.
Recently Sold Wedding Rings:
Worthy’s professional buyers are interested in diamond jewelry, loose diamonds, and luxury watches. For that reason, we accept the following items. If you aren’t sure if your wedding ring qualifies, we’ll be happy to answer any questions you may have.
- Diamond jewelry containing diamonds over .5 carats
- Loose diamonds over .5 carats
- Luxury watches