How Much is My Ring Worth? (2024)

Have you recently decided to sell your diamond engagement ring or other piece of fine jewelry? It is important to understand how much your ring is worth before making a sale. The more that you understand these factors, the better chance you have of guaranteeing that you receive a fair deal for your piece.

An experienced jeweler is the best way to assess the value of your piece. During this process, known as an appraisal, the jeweler will evaluate several factors such as the materials used to craft the jewelry, the age of the piece, quality, and other existing conditions.

Best Time to Sell Engagement Rings and Fine Jewelry

How Much is My Ring Worth? (1)

Now is a better time than ever before to sell engagement rings and fine jewelry. The value of these pieces continues to rise. There are numerous reasons that people choose to sell engagement rings and other pieces of fine jewelry.

Reasons to Sell Diamond and Precious Stones:

  • Emotional Reasons (ex: after divorce, breakup)
  • Rising Price of Gold
  • Quick Extra Cash

You can decide whether or not you are ready to sell your ring after you determine its value. Continue reading to explore the factors used to determine how much your ring is worth.

Determine Ring Value

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The first step to selling your engagement ring or other piece of fine jewelry is to determine how much it is worth. A jewelry appraiser is an educated professional who is skilled in assessing the value of fine jewelry pieces.

There are some key factors that a ring buyer will take into consideration before making you an offer for your fine jewelry.

Stone

The type of stone your ring possesses is the most significant factor in determining how much your ring is worth. Determine what type of stone that your ring possesses. The most popular ring stones include diamonds, emeralds, rubies, and sapphires.

Material

The band material is major factor in the resale value of your ring. Gold is the most popular and sought after ring band material. Gold generally ranges from 10k to 22k. The higher the ranking, the more pure the gold is. Platinum is the highest value ring material, although this is less common.

Clarity

Clarity refers to the number of flaws in the gem. The average diamond ring does not have flaws that are visible to the naked eye. However, truly flawless diamonds are very rare. A professional jeweler can evaluate a gem to determine its true clarity.

Cut

A gem’s cut refers to how well it was processed and reflects light. An appraiser ranks a gem’s cut from excellent to low grade.

Size

Diamonds and other precious stones are measured in units called carats (CT). The larger the carat, the bigger the stone is in size, and the more valuable it is likely to be.

Overall Condition

The overall condition of the ring is also a major factor in the value of the piece. A piece that with excessive damage, scratches, or other deformities may not be worth the repairs needed.

Designer Rings

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Designer rings have a high resale value and are worth more than non-designer pieces. Your ring may be valuable if it is a signed brand, such as Tiffany & Co., Van Cleef & Arpels, Cartier, etc.

Antique Rings

Vintage and antique rings may be worth more than modern pieces, depending on the materials used and the condition of the jewelry.

Where to Sell an Engagement Ring and Fine Jewelry

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The following advice is important to follow if you have decided that you are ready to sell your engagement ring or other fine jewelry.

1. ) Avoid Internet Scams

It is in your best interest to avoid internet jewelry resale websites. Many of these sites charge you to send in your piece to be evaluated. Once they have your jewelry in their possession, they will then offer you a low-ball piece to keep it.

2.) Choose Only a Qualified Gemologist

Only a certified gemologist can provide you with an accurate and honest assessment of the value of your fine jewelry. A reputable jewelry broker will not charge to assess the value of your ring.

Vivid Diamonds Miami Florida

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Contact a professional jewelry appraiser to determine the true value of your ring. Vivid Diamonds and Jewelry is Florida’s trusted authority for buying or selling diamonds and fine jewelry.

Vivid Diamonds employs world-class gemologists who are happy to provide you with a fair and immediate offer for your diamond or precious stone jewelry. Contact Vivid Diamonds today by scheduling anappointment online.

How Much is My Ring Worth? (2024)

FAQs

How do I find out what my ring is worth? ›

An experienced jeweler is the best way to assess the value of your piece. During this process, known as an appraisal, the jeweler will evaluate several factors such as the materials used to craft the jewelry, the age of the piece, quality, and other existing conditions.

Is there an app to see how much my ring is worth? ›

ALL ABOUT THE APP

Diamond Valuer was created to explain the process of valuing a diamond ring to you and give you an estimated value of your ring based on that information.

How do I work out how much my ring is worth? ›

The value of an engagement ring depends on various factors like its colour, cut, carvings, design, style, and type. Diamond engagement rings hold a huge value, and their value is calculated based on the carat weight, cut, clarity, and finally, the type of diamond and its value.

What is the average resale value of a ring? ›

How Much Does an Engagement Ring Resale For? The average Engagement Ring Price depends on its condition and quality. However, you can expect to get at least 50% of the original retail value regardless of the type and quality of the ring. It is best to get your ring assessed by an expert.

Will a jeweler value my ring? ›

This makes it much easier to identify your jewellery if it's even lost or stolen. Many jewellers charge a percentage of your jewellery's value to provide a valuation, but we charge a simple fixed fee so you'll know how much the service costs before you agree to it.

How do I value my jewelry myself? ›

Complete a Step-by-Step Guide on How to appraise Jewelry by Yourself
  1. Have all the necessary tools and supplies: ...
  2. Jewelry Identification: ...
  3. Examine the metal: ...
  4. Gemstone assessment: ...
  5. Examine the jewelry condition: ...
  6. Understand the market condition: ...
  7. Determine the approximate value: ...
  8. Appraisal documentation:
Oct 24, 2023

Can you value a ring online? ›

You can select up to 3 items for an online jewelry appraisal valuation at once. Additional items qualify for a 50% discount. You will receive a unique, custom appraisal valuation for each piece. You will pay $26 for the first appraisal and $13 for each additional appraisal.

How much is ring worth today? ›

It was acquired by Amazon in 2018 for approximately $1 billion.

Is there an app for valuing jewellery? ›

About AcuVal

The AcuVal App is a convenient platform used buy valuers and jewellers to create an accurate valuation, for a piece of Jewellery with a repeatable standard. A valuation for insurance replacement purposes is primarily a detailed description of the item allowing for an accurate replacement.

How big is a 1ct diamond? ›

The carat is the standard unit of measurement for diamonds. Although most people think of a carat as a size, it's actually a weight. One carat is equivalent to 0.2 grams. A 1 carat diamond is about 6.5mm in diameter on average.

Are diamonds worth more now than 40 years ago? ›

Diamond prices increases about 14% each year since 1960! Past performance does not guarantee the performance of the future.

How do I know if my ring is worth anything? ›

We recommend taking the piece to a jeweler to be tested. They will have professional tests that will determine whether your jewelry is real as well as the purity of the metal itself. A certified appraiser will be able to provide the value of the piece as well.

Is it better to sell or pawn a ring? ›

Factors to Consider

If you are in a position to wait for the maximum payout, then selling may be more beneficial than pawning. On the other hand, if you need cash quickly with no long-term commitment, then pawning may be the better option.

What is the best place to sell a ring? ›

Here are 10 excellent options you can consider to sell your wedding ring to help you get started.
  • Worthy.com. When it comes to selling wedding rings online, Worthy.com is one of the best options. ...
  • Circa Jewels. ...
  • Pawn Shops. ...
  • WP Diamonds. ...
  • eBay. ...
  • Cash For Gold USA. ...
  • 7. Facebook Marketplace. ...
  • US Gold Buyers.

Is there an app to identify jewelry? ›

Elevate your jewelry experience with JewelryID, the innovative app that not only helps you identify but also facilitates seamless purchasing of your favorite pieces. Using state-of-the-art image recognition technology, JewelryID can match any jewelry piece to a participating vendor you've connected with.

How can I check my diamond ring at home? ›

Water Test

If you have a loose diamond to test, fill a regular glass about ¾ of the way full with water. Gently drop the diamond into the glass. If the diamond sinks to the bottom, it's real. If it floats at the surface or just underneath, it's likely a fake.

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