Best Places To Sell Your Wedding Band

There are several options for selling a wedding band, each with its own advantages and disadvantages. Local jewellery stores, consignment shops, and pawn shops are all possible options, but they may not offer the best price. Online platforms such as Circa Jewels, Worthy, WP Diamonds, Truval, Express Gold Cash, eBay, and Etsy are also popular choices, as they can often attract higher bids and provide a wider reach of potential buyers. It is important to research and compare prices to ensure you get a fair deal, and to be aware of the emotional attachment that may come with selling such an item.

Online auction websites

Examples of Online Auction Websites

One popular online auction website is Worthy.com, which handles shipping, insurance, photography, and marketing for you. Worthy.com also insures your item for up to $100,000 and attracts multiple professional, pre-vetted buyers to bid on your wedding band. The entire process typically takes less than two weeks.

Another option is I Do Now I Don't, an online marketplace for buying and selling luxury products, including wedding bands. This platform may be a good choice if you want to sell directly to the consumer, which can result in a higher sale price. However, keep in mind that online auction sites that only sell to members of the trade may offer lower prices.

Other online auction websites that you can use to sell wedding bands include Circa Jewels, WP Diamonds, Truval, eBay, and Etsy. Circa Jewels provides a quote within 1-2 business days, while WP Diamonds and Truval have teams of diamond experts who can appraise your ring and increase its value before sale. eBay and Etsy, on the other hand, allow you to communicate directly with potential buyers and decide which offer to accept.

Tips for Selling on Online Auction Websites

When selling your wedding band on an online auction website, it's important to do your research and be aware of potential pitfalls. Here are some tips to help you get the best price:

• Learn about your wedding band: Understand the quality of the diamond, including its colour, clarity, carat weight, and cut. This information will help you set a competitive price and bargain with potential buyers.
• Do comparative research: Check online for similar wedding bands and their selling prices. This will give you an idea of how much your ring is worth on the second-hand market.
• Get multiple offers: Don't settle for the first offer. Get at least two offers for your wedding band to ensure you're getting a fair price.
• Set a reserve price: You can set a reserve price, below which you won't sell your wedding band. This ensures you don't sell it for less than it's worth.
• Ensure legitimacy: Research the legitimacy of both the online auction website and any potential buyers to avoid scams and ensure a safe transaction.

Local jewellery stores

If you decide to sell your wedding band to a local jewellery store, you can start by getting a quote from a jewellery store, diamond buyer, or local pawn shop. It is always worth getting at least two offers for your wedding band. You can then negotiate with the buyer, who will often respond to your suggestion for a higher price.

It is important to do your research and learn everything you can about what your wedding band is worth. If you have a GIA certificate, original box, receipt, and any documentation of the size and quality of the stones and metal, bring this with you when you sell.

Selling to a local jewellery store may be a good option if you want to sell your wedding band quickly and get paid in cash. However, keep in mind that you may not get the highest price for your wedding band by selling to a local store. Online buyers often pay more than brick-and-mortar jewellery stores.

Pawn shops

If you do decide to sell your wedding band to a pawn shop, it is a good idea to:

• Visit a variety of pawn shops to see what they can offer for your wedding band.
• Check the reviews of the pawn shop using Google or Yelp to see what other customers think.
• Be prepared to walk away if you don't feel you are being offered a fair deal.

It is also worth noting that pawn shops are a good place to look for a wedding band if you are on a budget. People often sell their rings to pawn shops because they need quick cash, so it is possible to find a good deal.

Online marketplaces

Selling a wedding band online is much easier than doing so at a local pawn shop. Online marketplaces can connect you with the best buyers and diamond experts to ensure you get the highest and fairest offers for your ring. Some platforms will even increase the value of your ring at no extra cost.

• Worthy: Worthy is a marketplace that lets you sell your wedding band, engagement ring, watches, and other jewelry. They cater to US clients and target professional diamond and gold buyers. You can get the most for your wedding band by letting Worthy's experts prepare your ring for an online auction. Once it sells, you can get paid through various payment methods.
• WP Diamonds: WP Diamonds is a multinational company that specializes in recycling diamonds. They take diamonds of any quality and can get you your money in as little as 24 hours.
• Truval: Truval is known for selling wedding bands and luxury jewelry at the highest possible price. They have a team of diamond experts that will appraise your ring, assess its current value, and increase its value by adjusting various properties to make the final price more attractive.
• Express Gold Cash: Express Gold Cash pays top value for wedding rings made from precious metals. You can get cash for your ring fast by requesting a free appraisal kit and sending them your ring for free. Once they receive your item, they will confirm it via email and begin the process of estimating the total cash value.
• EBay: eBay has a collectibles and art section and a fashion section that makes it easy for potential buyers to view your ring. It is not uncommon to use eBay to sell wedding rings, so it won't be hard to attract potential buyers.
• Etsy: Etsy is an e-commerce website that allows sellers to list a wide array of items, including jewelry. Your listing will be able to reach a large audience, and many sellers have gotten tens of thousands of dollars back for their wedding ring within days of posting.

When selling your wedding band, it is important to remember that it is unlikely that you will be able to sell it for the same amount that you paid for it. The original retail price included the profit margin the jeweler or boutique needed, and by selling the ring back to them, you are filling the role of the wholesaler. If your ring is attached to a luxury brand name, you may be able to sell it as a complete piece, but most of the time, it will be valued based on a breakdown of its individual parts, such as the scrap value of the metal and the value of the diamonds or other stones.

Direct to consumer

Selling a wedding band can be an emotional and challenging process. If you're looking to sell your wedding band directly to a consumer, there are several online platforms that can help you connect with buyers. Here are some options to consider:

Online Marketplaces

Sites like eBay and Etsy are popular choices for selling wedding bands directly to consumers. These sites offer a large reach and the opportunity to communicate directly with potential buyers. However, keep in mind that eBay has a reputation for attracting low bids or no bids at all. On the other hand, Etsy allows you to post listings, communicate with buyers, and take the best offer.

Specialist Websites

There are also specialist websites that cater specifically to selling jewellery, such as:

• Circa Jewels: They provide quotes within 1-2 business days and offer free and fully insured shipping for your items.
• Worthy: This platform caters to US clients and connects sellers with professional diamond and gold buyers. They help prepare your ring for auction and facilitate quick payment once the sale is finalised.
• WP Diamonds: A multinational company that buys diamonds of any quality, offering payouts within 24 hours.
• Truval: They specialise in selling wedding bands and luxury jewellery, with a team of diamond experts who appraise and increase the value of your ring.
• Express Gold Cash: They pay top value for wedding rings made from precious metals and offer free appraisals and shipping.

Tips for Selling Your Wedding Band

When selling your wedding band directly to a consumer, here are some tips to consider:

• Do your research: Compare prices on similar wedding bands to get an idea of the market value.
• Know your ring: Understand the quality and characteristics of your ring, such as the 4Cs (colour, clarity, carat weight, and cut) as this will help you bargain and get the best price.
• Be patient: If you're not in a hurry, take the time to find the right buyer and get the price you want.
• Consider an online auction: Websites like Worthy offer online auctions where multiple buyers can compete for your ring, potentially driving up the price.
• Get an appraisal: Consider getting a local appraisal or lab report to learn more about the quality and value of your ring. This can help you set a realistic price and attract serious buyers.

Frequently asked questions