resale value of platinum diamond ring

Top of mind is of course “how much is my ring worth?” and “how do I find out how much my ring is worth?”. Receive a final price and get paid or your ring is returned free of charge. Free prong tightening, repolishing, rhodium plating and cleaning every 6 months, One free resizing within the first year of purchase, High quality images of about half of their diamonds, 100% credit towards future upgrades (must be at least double in value). How was it treated? We sent the ring to three different companies that purchase pre-owned diamonds — White Pine Diamonds, Worthy and Abe Mor. Antique is defined as pieces over 100 years old. However, pre-owned diamond rings rarely sell quickly (especially at near-retail prices), meaning you may need to wait for a long time before your ring finds a buyer. Because there is no middleman, we are able to offer you the highest prices for gold, silver, and platinum. In most cases, a diamond engagement ring or other diamond jewelry will have a resale value of between 20 and 60% of the amount it cost when it was new. View cart for details. The final factor is where you choose to sell your diamond. To find out more on diamond certificates, click here. These kinds of unknowns cause jewelers to pay less for a ring in order to protect themselves from loss. DISCLAIMER: We don't use your email for marketing. Even if they only give you an approximate idea of the details of your ring, this information will help a ring buyer provide you with an initial price range. Diamond gradings are carried out by objective third-party laboratories that aren’t involved in the resale process. The reality is that many non precious gemstones can lo... We guarantee the safety, security, and privacy of your valuables. Therefore the metal value of your ring will depend on when you sell and the market on that day. $900.00. We trust Lloyd's of London, a global leader in insurance since 1688, to protect all valuables auctioned on our platform. Then, there’s the markup added to the diamond by the retailer. Period. There are different types of gold including: yellow, rose and white. 10 watching. Then the diamond is measured with gauges and scales to determine the 4 C’s; cut, color, clarity, and carat size. At PMR, our expert staff will price your items accurately and offer you more than any other vendor. However it is gold purity and not color that impact its value. PMR’s experts evaluate your items, educate you on the process, and make you an immediate cash offer. Pawning: You need to be able to make the payments on time or you risk losing the ring as well as the money paid. Carried out by professional appraisers, a diamond ring appraisal is the process of assigning a monetary value to the whole ring, including the diamond, the metal, and other stones if existing. However, over a longer time period, diamond prices have increased. There are defined standards that are used when assessing a diamond. While many locations, including local jewelers, have the expertise and equipment to assess your diamond, you must be aware that not all will be entirely objective. If you buy online (e.g. The more information you have on the main stone, the better a position you are in for selling your ring. How Much Can I Sell My Engagement Ring For? No one can tell you what the “resale value of platinum” will be in the future. Diamond Resale Value: How Much is Your Diamond Worth? This calculator works as a guideline of value for most diamonds. The first one is to get a specific resale appraisal. This will provide you with an estimate of what a buyer will pay for your ring in the wholesale market. Jewelers have high markups in order to cover expenses such as overhead, marketing, rent etc. The type of gem (diamond, ruby, emerald, etc. In our guide to selling a diamond ring, we bought a diamond ring from Tiffany & Co. to see how much we’d be offered for it by different diamond buyers. There will not only be ... At WP Diamonds, we deal with hundreds of customers who have gone through or are going through divorce. How Much Can I Sell My Diamond Ring For? At WP Diamonds we have a range of gemologists, designer, vintage and antique jewelry specialists on hand to value your ring. A diamond ring grading at Worthy is carried out not just by any evaluator, but by GIA and IGI, the world's leaders in diamond certification. However, doing so can... Do you still have photos and mementos from your former marriage around the house? These are completely secure and only used by WP Diamonds or our trusted partners. Jewelry tends to carry significant emotional weight and can be difficult to part. Opportunity to work with jewelry experts. We provide appointments as well as a free and fully insured shipping service (FedEx Priority Overnight) to our headquarters for a valuation. It is also important to understand that diamonds are not investments, contrary to popular belief, therefore they will not increase in value. Diamond Resale Value. from Blue Nile or James Allen), you’ll pay a significantly smaller markup — most of the time, around 18%. To get the best price for your diamond ring, it pays to sell to the experts. However, the reality is that investing money in just about anything else would have produced a better return on investment over the same period than purchasing and keeping a diamond. There are other diamond grading laboratories, but their findings generally don’t instill the kind of a confidence that a GIA inspection does. You may have been gifted or have inherited a stone and not know how it was acquired. Difficult to set a reasonable reserve price. During the COVID-19 pandemic, PMR is OPEN as an essential financial services sector company as we provide credit and liquidity to customers in our capacity as licensed pawn brokers and otherwise provide critical financial utilities and services that support these functions. The ring, which cost $4,500, was a 0.53ct round diamond in a classic Tiffany solitaire setting. For example, WP Diamonds buys diamond jewelry or items that have vintage value — just go here and fill out the valuation form to get an estimated price for your jewelry. Meaning that when it comes to the resale of your ring, you will not recoup what you originally paid. Valuing diamonds starts with establishing their quality level, which will be the basis for estimating their retail market price as part of new jewelry, and then, their resale value as pre-owned stones. This depends on whether or not your diamond ring was sold to you at that location or if the evaluator is interested in buying your diamond ring. Diamond grading reports don’t include a monetary value of the diamond. With over 150 years of combined experience, our experts are able to comment on trends, share industry knowledge and provide diamond, designer jewelry and luxury watch education. Should you decide not to accept the offer, we return your ring to you, no questions asked. We pay up to 40% higher than our competitors. As with precious metals, luxury watches and other high-end goods, there’s a public perception that diamonds can be safe, profitable investments. The ring band material is then inspected and taken into consideration. C $4,182.48. You can maximize the impact on price of a designer name if you have the ring’s original box and paperwork. Those older than 100 years are “antique” and, here again, that label will make the piece more valuable. If you do not have a certificate, your local jeweler will likely be willing to take a quick look at the ring and give an opinion of the 4 C’s of any diamonds. Here at Worthy, we strive to make your selling or financing experience as safe and simple as possible. This means that you won’t ever make money reselling a diamond that you purchased new from a jewelry store. Still, it’s clear that regardless of where you sell your diamond, you won’t get its retail price back. In some cases, diamonds sold by brick-and-mortar jewelers are marked up by 100% or more of their cost to the jeweler (this is called a keystone markup). There seems to be a problem serving the request at this time, {"modules":["unloadOptimization","bandwidthDetection"],"unloadOptimization":{"browsers":{"Firefox":true,"Chrome":true}},"bandwidthDetection":{"url":"","maxViews":4,"imgSize":37,"expiry":300000,"timeout":250}}. © 2020 Precious Metals Refinery. Because no two diamonds, vendors or potential buyers are the same, there’s no precise answer to this question. Our mission is to give you the most for your valuables. There’s also the issue of inflation. They are limited to pieces that sell well in the local area and therefore may not be interested in your specific ring. Obviously, jewelry stores and other buyers will usually be willing to pay more for a high quality diamond than for a poor quality one. You do not need to pay for a diamond appraisal. That’s why we employ loan specialists from Equity Lenders Group, a collateral lender.

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