August 18

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Where To Sell Your Engagement Ring | Get Most Money

By Colette Murphy

August 18, 2020


Sometimes relationships and marriages don’t work out, and you find yourself in a position where you have an engagement or wedding ring that you no longer need. While the breakdown of a relationship is never a nice experience to go through, selling your engagement ring and making some money from it can be a liberating experience that helps you draw a line in the sand and decide to get started with the rest of your life.

Where can you sell an engagement ring? There are several options to consider when listing your ring for sale, with a range of online sites where you can sell your ring, local pawnbrokers and jewelers, and more. You will want to get the best possible price for your engagement ring, so it’s worth considering all the options, weighing up the pros and cons, and deciding on the best option for you before you rush into listing it for sale. It’s also worth getting your engagement ring valued by a professional so that you don’t end up losing out financially in the sale or having a ring that is not attracting any interest because it is priced too high.

Where can I sell my diamond engagement ring?

There are several options to consider when it comes to selling your engagement ring. If your ring is in good condition, comes with the original box and has been well looked after, you may be surprised at the amount of interest you are likely to get, especially as many couples today are foregoing spending a huge amount of money on engagement rings and choosing to opt for cheaper, second-hand options instead. Some options for selling your engagement ring include:

#1 Recommendation: CashforgoldUSA:

CashforgoldUSA will purchase your gold engagement ring from you with a quick and easy process. They also buy broken jewelry for cash, so if your engagement ring has any damage that you don’t want to spend time or money repairing to sell it privately, Cash for gold USA could be the ideal choice for you to get a quick sale on your ring. They have an excellent reputation online.

#2 eBay:

eBay is a hugely popular buying and selling site where you can list any item for sale, with either a ‘Buy it Now’ price or as an auction. Auctioning off your engagement ring on eBay may be an ideal choice if you want to try and get as much money for it as possible; you can always set a reserve price so that you don’t run the risk of letting your ring go for less than it is worth or less than you want for it.

#3 Social Media:

Social Media has become an increasingly popular tool for buying and selling items online, and along with options like Facebook Marketplace, there are social media groups that you can join to buy and sell specific items. Check out Facebook for groups specifically dedicated to buying and selling engagement rings and list your ring for sale in them.

#4 Pawnbrokers:

Many local jewelry stores and pawn shops will be glad to take an engagement ring off your hands, so it’s worth checking them out, especially if you are looking for a quick sale. However, bear in mind that this method usually means that you will get less for your ring compared to selling privately, so if you are not in a rush, don’t make it your first option - it’s worth trying to sell elsewhere first.

How does Cashforgoldusa work?

  1. You will need to request a SafePak from Cashforgoldusa, which will be sent to your home. 
  2. The SafePak comes with full instructions on how to package your jewelry and send it safely back to the company to receive your payment. 
  3. The SafePak will come with a pre-printed label that contains all your details, so there’s no need to worry about filling out forms and paperwork; just stick the label to the front of the package, take it to the post office and wait for your payment to be made.
  4. Typically, you will be paid for your engagement ring within 24 hours.

Is cashforgoldusa trustworthy?

Cashforgoldusa is a very trustworthy way of selling your engagement ring if you want to make some quick cash for it. Cashforgoldusa will buy almost any kind of jewelry, even if it is damaged, so it is usually a more hassle-free way of getting cash for your engagement ring without trying to sell it privately if it’s unlikely that anybody will buy it in its current state.

Of course, Cashforgoldusa is a great choice regardless of the ring’s condition. They have a reputation for paying out fair prices for the jewelry that they buy, and past customers have commended them for speedy and reliable payment times. You can usually expect to be paid out for your ring within twenty-four hours, and if there is a delay for any reason, you will be informed and kept up-to-date with the process throughout.

How safe is sending the jewelry? If you’re worried about putting an expensive engagement ring in the mail, you don’t have to be when you use Cashforgoldusa. Each SafePak is insured up to the value of $100,000, and you may be able to get additional insurance for jewelry that is worth more. So, in the rare event of anything happening to your engagement ring before it reaches Cashforgoldusa, you will not need to worry about losing out financially.

What my research shows

On shopper Approved they have received a total of 184 reviews and 180 of them have been 5 stars. That is an overwheming majority of very happy transactions. Overall reputation online seems really good.

#1 recommended place to sell Engagement Ring

After doing a lot research and reading through the messy online world of reviews I tested selling an old ring of mine through Cash For Gold USA and the process was very smooth, well organized and I was fairly happy with the price I got. So yeah, over all I give them 5 stars. No complaints.

How much is my engagement ring worth?

How much your engagement ring is worth will depend on a wide range of different factors, including the type and purity of the metal that it is made from and the stone. Diamond engagement rings with a gold or white gold band tend to be worth the most, but the values of these can vary depending on the style and quality of the diamond.

Since engagement rings come in a variety of styles with diamonds that vary widely in quality, there’s no one set value when it comes to pricing up your ring. There are multiple factors that will affect the value of your ring, so it’s important to gather as much information as you can about your engagement ring to ensure that you get the most accurate quote.

When it comes to evaluating your engagement ring, the bulk of the value is likely to be determined by the center stone. The value will be defined by the 4 C’s, which are:

  • Carat weight: This refers to the weight of the diamond. Before getting a valuation on your ring, be sure to know the carat weight of the center stone, along with any additional stones in the ring.
  • Cut Grade: This factor only applies to round diamonds, so you can skip this if your engagement ring has a diamond in a different shape. This refers to how well the diamond is cut, ranging from excellent to poor. The better a diamond is cut, the easier it is for it to reflect light and give off that sparkling look.
  • Clarity Grade: This factor refers to the presence of both internal and external marks on the diamonds, which are known as inclusions when internal, and blemishes when external. Often, these flaws manifest as cloudy areas or black spots in the diamonds. Clarity is graded on a scale from flawless to visibly flawed.
  • Color Grade: This refers to how much colors the diamond displays. For a white diamond, the color will be graded on a scale from D to Z, where D is colorless and Z is a pale yellow. The closer the diamond to D, the more it will be worth. On the other hand, if you have a colored diamond, these will be graded on a scale from Fancy Light to Fancy Vivid, depending on the intensity of the color.

Do engagement rings hold their value?

There is a range of factors that determine whether or not an engagement ring is likely to hold its value. The good news is that most of the time, a diamond engagement ring is likely to retain its value because there is always a market for diamonds.

On the other hand, the unfortunate news is that it’s very rare for diamonds to increase in value. But on the bright side, a diamond that is well looked after and does not have any visible blemishes or damage is likely to retain its value over time. Over the past decade or so, diamonds have reduced in value in general, with the exception of certain colored diamonds.

The idea that diamonds are a good investment and increase in value over time is a popular misconception. Similar to brand-new cars, diamonds drastically decrease in value the second you walk out of the jewelers. As a result, the worth of your diamond right now is very unlikely to be more than you paid for it unless you have an exceptionally rare type of diamond.

Selling your engagement ring can be a symbol of a fresh start in your life. And there are several options to consider if you want to make the most from selling your ring.

#1 recommended place to sell Engagement Ring

After doing a lot research and reading through the messy online world of reviews I tested selling an old ring of mine through Cash For Gold USA and the process was very smooth, well organized and I was fairly happy with the price I got. So yeah, over all I give them 5 stars. No complaints.

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Colette Murphy

About the author

Hi, my name is Collette, I was born, raised in New York where i still currently live. I am currently in my mid thirties and after changed career multiple times and struggling to find a passion I decided to leave the career based live behind and start an online community for like minded people. This community is a safe place for women and like minded men who want to steer clear of misogyny, sexism, degrading comments and racism. I hope you enjoy your stay.

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