February 8, 2023

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10 Places to Sell Engagement Rings For Cash

8 min read

How to sell an engagement ring is one of the last things you consider after receiving one. Unfortunately, even the most ideal situations might ultimately prompt individuals to look for a location to sell their engagement ring.

Places to Sell Engagement Rings

Have you gotten an heirloom wedding band? Or maybe you no longer require your wedding band? Or maybe you’re considering selling your wedding band after getting divorced? Whatever the reason, you may consider selling your wedding or engagement ring. But how do you get started?

I will discuss some of the greatest locations in today’s article where you may sell jewelry like wedding and engagement rings or bands for the maximum money. 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, go through the list below.

Best Websites for Selling an Engagement Ring

The websites listed below are devoted to exquisite jewelry and may swiftly and securely connect you with prospective customers. These businesses simplify the procedure, provide free and insured delivery, and handle all the grunt work, including pricey assessments.

The following websites provide the finest engagement ring sales:

Worthy.com

You can rely on Worthy as a selling partner to earn the maximum money for your jewelry. Your item is assessed by their knowledgeable gemologists, who then organize an auction for their exclusive group of savvy purchasers who compete with one another to pay you the greatest price.

You get to decide what the auction’s reserve price will be. Your devoted account manager will explain the value of your work to you based on the appraisal if you need support. You’re in total control, and there’s no danger. However, you must send your jewelry to Worthy to work with them. Many people get concerned at this point and decide to reject this fantastic chance. The great news is that it’s not as insane as it may appear to transport your jewelry.

Worthy is aware of the concerns associated with mailing valuables. They take all the essential safeguards to provide you peace of mind along the road and ensure that trading your diamond jewelry is flawless. You will be informed as soon as your artwork arrives at Lloyds of London’s New York office. Your works are completely protected there. As jewelers or other online marketplaces, Worthy wants you to succeed financially because when you succeed, they succeed as well.

How to Sell Wedding Rings on Worthy.com?

Visiting Worthy.com: Describe your ring briefly (setting, diamond shape, weight, color, and clarity, if known), along with your basic contact details (your name, email, and phone number). Get a quick market value assessment. There is no commitment to sell your ring after completing this procedure, which takes less than three minutes.

Send your jewelry: Worthy will decide for a safe FedEx delivery. You may either set up a pickup appointment, deliver it to a FedEx station, or visit their NY headquarters to drop it off. Whichever choice you choose, Worthy will pay for delivery and $100,000 in insurance. Even a shipping kit may be sent to you, so you won’t have to bother packing supplies.

Allow Worthy to assess and sell your piece: As soon as Worthy gets your jewelry, they clean it, take pictures of it, and have it rated by an independent laboratory. Your reserve price for the item ensures that it will not sell for less than you are prepared to sell it for during the auction. The ultimate amount is entirely up to you. However, Worthy will provide a suggestion based on their evaluation and the results of past auctions.

Earn money: You’ll be paid in your preferred method—a bank deposit, PayPal, or check—once it sells, provided your price cap has been reached. The quickest option is PayPal, and it will take 1-2 business days for you to get your money.

ABE MOR

Since more than 50 years ago, ABE MOR has been a family-run enterprise in Manhattan’s Diamond District. They have carefully designed an online purchasing procedure to enable individuals to sell engagement rings from anywhere globally. ABE MOR is one of the fastest, fairest, and safest jewelry purchasers online.

After you provide basic information about your diamond in the online form provided by ABE MOR, a professional will get in touch within one business day with instructions for shipping your ring to their facility free of charge and completely insured. You’ll then get a very reasonable offer, which you may accept and be paid for in one business day.

CashforDiamondsUSA and CashforGoldUSA

If your ring isn’t very valuable, but you still want to sell it for money, you could choose the fastest and simplest option, which is to sell it for cash.

Like going to a pawnbroker, you may send your valuables off in a mailer & wait to get your check via this method instead of going in person.

The same business that focuses on purchasing diamonds and gold has two subsidiaries: CashforDiamondsUSA and CashforGoldUSA. The websites are basic, but they have a strong reputation and a Better Business Bureau score of B+. They also performed well in a Fox News undercover investigation, which revealed that the sites pay out more than rivals.

They also provide free shipping, return shipping, and item insurance for your jewelry. What is there to dislike?

How do you sell Wedding Rings, CashforDiamondsUSA and CashforGoldUSA?

Request an evaluation kit by visiting CashforDiamondsUSA.com.

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

Obtain a bid: Contrary to Noteworthy. There is no bidding since CashforDiamonds will pay you cash upfront. Thus, after receiving your engagement ring, it will be examined and valued before the business 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 Now I Don’t

The humorously named website offering “luxury recycled” goods, I Do Now I Don’t, is another choice, particularly for diamond jewelry. Since you may add your images and descriptions, it has an eBay-like atmosphere.

But in practice, you won’t be interacting with your clients personally. Instead, the website serves as a middleman, taking care of the shipment and the payment.

Most products (20%) sell for between $500 – $5,000, while an amazing 15% do so for between $10,000 – $50,000. However, the website charges a 15% fee on purchases.

CIRCA

CIRCA, formerly known as Mondiamo, a website created just for selling diamonds, fine jewelry, and watches, is a fantastic choice if you’re trying to sell an engagement ring.

CIRCA will request details about your ring when you establish an account. It’s beneficial to be as knowledgeable as possible about the technical aspects of your diamond ring. The website will provide you with a price immediately, but after CIRCA gets and inspects your ring, the estimate will change – either higher or lower.

If you’re not pleased with the final offer, CIRCA will cover all costs, such as the fully insured & trackable delivery, and you may have the ring back for free.

Additionally, you may visit with a highly qualified diamond expert in person at one of CIRCA’s 14 physical locations located all over the globe (11 of which are in major US cities).

WP Diamond

Selling your old wedding ring online with WP Diamond is a quick and safe process. They also buy gold and estate jewelry; if you’ve got a fancy watch, they’ll buy it.

Getting a quotation and selling work quite similarly to other online jewelry purchasers. You complete a WordPress diamonds information form, and soon after that, you’ll get a first cash offer. If you decide to go further, you may send your diamond engagement ring to their location for the last evaluation.

This method is completely free. DW Diamond will refund your ring for nothing if you refuse to accept its offer. Payment will be paid in 24 hours if you approve their offer.

Best Places for Selling an Engagement Ring Near me

Since you don’t have to wait for your items to be sent to a business as you do with many online choices, selling in person might be a wonderful option if you need cash quickly.

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

Cash for Gold Exchange

Most cities offer a location where you can trade gold rings for cash. It’s a quick and efficient method to receive money for jewelry. Typically, these shops will purchase your gold in an attempt to remelt and recycle it.

These locations may provide a lesser price than other locations, but it’s a quick and simple option to earn some cash for gold rings quickly.

By doing a fast Google search, you may uncover cash for gold exchanges in your area. You may find locations nearby where you can sell your gold jewelry for cash by simply typing “sell gold near me” into the search bar and pressing “search.” Some of these locations allow you to check in advance to see whether they buy gold rings.

Consignment Stores

Your neighborhood used consignment shop could help you sell your jewelry. Typically, they will want a commission from the sale. As with the alternative above, confirm by calling the shop in advance whether it will sell your wedding & engagement rings.

Google may be used to locate nearby consignment stores.

Pawn Shops

Even if pawnbrokers don’t give you the finest rate for your jewelry, please pay promptly. Therefore, this may be a smart alternative if you need to sell your wedding band and engagement ring quickly.

Find the top pawn shops in your area with a fast Google search, and then reach out to them to see if they’d buy your rings.

Local Jeweler

You can bring a ring to your neighborhood jewelry shop if you want to sell it. Find jewelry stores nearby by doing a simple Google search. You may go to a few different jewelers to compare costs and find the greatest bargain for your used wedding or engagement ring.

Call the jeweler ahead to find out whether that establishment buys wedding and engagement rings since some only offer jewelry. You may avoid wasting time by calling beforehand.

Conclusion

As you can see, several alternatives are available to you when it is time to sell an engagement or wedding ring. You may sell online via websites that purchase rings or jewelry in general, or you can look for nearby shops or individuals that purchase worn engagement rings. It’s an excellent way to get additional income from items you no longer wear or need.