February 8, 2023

Money News PH

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10 places to sell engagement rings for cash

How to sell an engagement ring is one of the last things on your mind after receiving one. Unfortunately, even the most ideal of situations can ultimately lead individuals to look for a place to sell their engagement ring.

Did you get an heirloom wedding ring? Or do you no longer need your wedding ring? Or maybe you are thinking about selling your wedding ring after divorce? Whatever the reason, you may consider selling your wedding or engagement ring. But how do you start?

I am going to discuss some of the best places where you can sell jewelry such as wedding and engagement rings or bands for the maximum money in today’s article. There are both local and internet retailers on the list.

If you’ve been thinking about where and how to sell your wedding and engagement rings, check out the list below.

The Best Websites for Selling an Engagement Ring

The websites listed below are dedicated to exquisite jewelry and can connect you with potential customers quickly and safely. These companies simplify the process, offer free and insured shipping, and do all the grunt work, including expensive appraisals.

The following websites offer the best sales for engagement rings:

Worthy.com

You can count on Worthy as your selling partner to earn the maximum money for your jewelry. Your item will be appraised by their knowledgeable gemologists who will then organize an auction for their exclusive group of savvy buyers who will compete to pay you the highest price.

You can decide what the reserve price of the auction will be. Your dedicated account manager will explain the value of your work based on the score if you need assistance. You are in total control and there is no danger. However, you must send your jewelry to Worthy to work with them. Many people worry at this point and decide to turn down this fantastic opportunity. The good news is that transporting your jewelry isn’t as crazy as it might seem.

Worthy is aware of the concerns related to shipping valuables. They take all the essential security precautions to give you peace of mind along the way and to ensure that trading in your diamond jewelery is flawless. You will be notified as soon as your artwork arrives at Lloyds of London’s New York office. Your works are fully protected there. As a jeweler or other online marketplace, Worthy wants you to be financially successful because if you are successful, they will be successful.

How do I sell wedding rings on Worthy.com?

Visiting Worthy.com: Briefly describe your ring (setting, diamond shape, weight, color and clarity if known), along with basic contact information (your name, email and phone number). Get a quick market value estimate. After completing this process, which takes less than three minutes, there is no obligation to sell your ring.

Ship your jewellery: Worthy chooses secure FedEx delivery. You can either schedule a pickup, drop it off at a FedEx location, or visit the New York headquarters to drop it off. Whichever choice you choose, Worthy will pay for shipping and $100,000 for insurance. Even a shipping kit can be mailed to you so you don’t have to worry about packing accessories.

Let Worthy appraise and sell your jewelry: As soon as Worthy receives your jewelry, it is cleaned, photographed and appraised by an independent laboratory. Your reserve price for the item ensures that it will not sell below the price you are willing to sell it for during the auction. The final amount is entirely up to you. However, Worthy will make a proposal based on his assessment and past auction results.

Make Money: Get paid in your preferred method – a bank transfer, PayPal or check – as soon as it sells, provided your price cap has been reached. The fastest option is PayPal and it will take 1-2 business days to receive your funds.

ABE MOR

For more than 50 years, ABE MOR has been a family-run business in Manhattan’s Diamond District. They have carefully designed an online buying process to enable individuals to sell engagement rings from anywhere in the world. ABE MOR is one of the fastest, fairest and safest online jewelry buyers.

After entering basic information about your diamond into the online form provided by ABE MOR, a professional will contact their facility within 1 business day with instructions for shipping your ring to their facility free of charge and fully insured. You will then receive a very favorable offer, which you can accept and pay within one working day.

CashforDiamondsUSA and CashforGoldUSA

If your ring is not very valuable but you still want to sell it for money, you can choose the quickest and easiest option, which is to sell it for cash.

Like a pawn shop, you can mail your valuables in the mail and wait to receive your check through this method rather than going in person.

The same company that focuses on buying diamonds and gold has two subsidiaries: CashforDiamondsUSA and CashforGoldUSA. The sites are basic, but they have a good reputation and a Better Business Bureau rating of B+. They also did well in an undercover investigation by Fox News, which found the sites pay out more than the competition.

They also offer free shipping, returns, and item insurance for your jewelry. What’s not to like?

How do you sell wedding rings, CashforDiamondsUSA and CashforGoldUSA?

Request an evaluation kit by visiting CashforDiamondsUSA.com.

Ship the ring: A prepaid FedEx label for overnight shipping of your ring is included in your package, which is also guaranteed for up to $5,000.

Get a Quote: Opposite to Noteworthy. There is no bidding as CashforDiamonds pays you cash up front. Therefore, upon receipt, your engagement ring will be inspected and valued before the company makes you an offer.

Earn money: Payment will be sent within 24 hours if you agree. Otherwise you will get your ring back.

I do it now, I don’t do it

The humorously named I Do Now I Don’t website, which offers “luxury recycled” goods, is another choice, especially for diamond jewelry. Because you can add your pictures and description, it has an eBay-like vibe.

In practice, however, you will not interact personally with your customers. Instead, the website acts as an intermediary that takes care of shipping and payment.

Most products (20%) are sold between $500 and $5,000, while a staggering 15% are between $10,000 and $50,000. However, the site charges a 15% fee on purchases.

ABOUT

CIRCA, formerly known as Mondiamo, a website created just to sell diamonds, fine jewelry and watches, is a fantastic choice when trying to sell an engagement ring.

CIRCA will request details of your ring when you set up an account. It is beneficial to be as knowledgeable as possible about the technical aspects of your diamond ring. The website will immediately give you a price, but after CIRCA receives and inspects your ring, the estimate will change – either higher or lower.

If you are not satisfied with the final offer, CIRCA will cover all costs, such as B. Fully insured and trackable delivery and you may get a free call back.

In addition, you can visit a highly qualified diamond expert in person at any of CIRCA’s 14 locations around the world (11 of which are in major US cities).

WP Diamond

Selling your old wedding ring online with WP Diamond is a fast and secure process. They also buy gold and estate jewelry; If you have a fancy watch, buy it.

Getting a quote and selling works much like other online jewelry buyers. You fill out a WordPress diamond information form and shortly thereafter receive an initial cash offer. If you decide to go further, you can send your diamond engagement ring to their location for final appraisal.

This method is completely free. DW Diamond will refund your ring free of charge if you decline the offer. Payment will be made within 24 hours if you accept the offer.

The best places to sell an engagement ring near me

Since you don’t have to wait for your items to be shipped to a company like you do with many online listings, selling in person could be a wonderful option when you need cash fast.

Here are some local places where you can sell wedding and engagement rings:

Cash for gold exchange

Most cities offer a place where you can exchange gold rings for cash. It is a fast and efficient method to get money for jewelry. Typically, these shops buy your gold to be melted down and recycled.

These locations may offer a lower price than other locations, but it’s a quick and easy way to make some quick cash on gold rings.

A quick Google search can uncover cash for gold exchanges in your area. You may be able to find places nearby to sell your gold jewelry for cash by simply typing “sell gold near me” in the search bar and hit search. At some of these places you can check in advance if they will buy gold rings.

consignment shops

Your local thrift store may be able to help you sell your jewelry. Usually they want a commission from the sale. As with the above alternative, confirm in advance if they will be selling your wedding and engagement rings by calling the store.

Google can be used to find nearby consignment stores.

pawnbroker

Even if pawnbrokers do not give you the best price for your jewelry, please pay promptly. Therefore, this can be a smart alternative when you need to sell your wedding ring and engagement ring quickly.

Find the best pawnshops in your area with a quick Google search and then contact them to see if they would buy your rings.

Local Jeweler

You can take a ring to your local jewelry store if you want to sell it. Find jewelry stores near you by doing a simple Google search. You can go to a few different jewelers to compare costs and find the best deal on your used wedding or engagement ring.

Call the jeweler ahead of time to find out if this company buys wedding and engagement rings, as some only offer jewelry. You can avoid wasting time by calling ahead.

Conclusion

As you can see, when it comes time to sell an engagement or wedding ring, you have several alternatives. You can sell online through websites that buy rings or jewelry in general, or you can search for nearby shops or individuals who buy worn engagement rings. It’s an excellent way to generate extra income from items you no longer wear or need.