Best Places To Sell Your Wedding Band

There are many options for selling a wedding band, from local jewellery stores to online marketplaces. Pawn shops are a quick way to get cash for your ring, but you are unlikely to get a good price. Consignment shops are another option, but they can take a large cut of the sale price. Online marketplaces such as eBay, Worthy.com, and I Do Now I Don't are popular choices, but be sure to research the platform and read reviews from other sellers before listing your ring. Diamond specialists and dealers often pay the most for larger diamonds, but they may only buy a limited number of items each month.

Local jewellery stores

If you prefer to work locally, it is recommended to find a trusted jewellery store near you as they are generally very safe to deal with. You will need to shop around, get estimates, and compare prices in order to get the best deal.

Most jewellery stores focus on selling new jewellery, so it may be challenging to find a local jeweller who will buy your ring. If they do, they will usually sell it to a dealer, who will then sell it to a wholesaler. Each person in this chain will want to make a profit, so the initial offer from the jeweller is likely to be low.

If you've purchased your ring from the same store where you're trading it in, you'll get the full original purchase price of the ring.

Consignment shops

Despite these drawbacks, consignment shops are generally safe and trustworthy. It is still important to read reviews and check the shop's policies before agreeing to sell your wedding band through them. Some shops may give you cash for your item, while others may only offer store credit. Some shops may also mark down the price of your ring if it doesn't sell within a certain time frame.

To find local consignment shops near you, simply search "consignment stores near me" on Google.

Pawn shops

However, it is unlikely that you will receive a large sum of money for your wedding band from a pawn shop. Pawn shops are known for offering a small fraction of what the item is actually worth, as they need to make a profit when selling the item. Pawn shop owners are also not usually diamond experts, so they may not be able to recognise and accurately appraise the value of your ring.

If you are considering selling your wedding band to a pawn shop, it is important to be aware of the potential drawbacks. You may receive a low price for your ring, and there is also the possibility of negotiation tactics being used to further reduce the price. It is crucial to research the pawn shop beforehand by reading reviews and comparing prices at different shops.

Before selling your wedding band to a pawn shop, it is advisable to explore other options, such as selling it privately online or to a local jewellery store, or using a company that specialises in buying pre-owned diamonds. These alternatives may provide you with a better price for your ring.

Online marketplaces

Selling a wedding band online is a great way to reach a wide range of potential buyers and get the best price for your ring. There are several online marketplaces that specialise in jewellery and luxury goods, and others that offer a platform for a diverse range of items. Here are some options to consider:

Specialist Jewellery Buyers

• Worthy.com: This online auction platform caters to US clients and targets professional diamond and gold buyers. Worthy's experts will help you prepare your ring for auction, and you can watch the bids roll in. Once the item sells, you can get paid through your preferred payment method.
• WP Diamonds: A multinational company specialising in diamond recycling, WP Diamonds accepts diamonds of any quality and gets you your money in as little as 24 hours.
• Truval: Truval has a team of diamond experts who will appraise your ring, assess its value, and adjust various properties to increase its final selling price.
• Circa Jewels: Circa Jewels can provide an offer within 1-3 days. They will guide you through a submission process that includes supplying images and documents related to your ring. Once you receive their quote, you can request a free, fully insured shipping kit.
• DiamondsUSA: DiamondsUSA buys gold and diamond jewellery of all sizes, including lab-grown diamonds. They offer payouts within 24 hours of an accepted offer and guarantee to beat any written price for your ring.

Other Online Marketplaces

• EBay: A well-known e-commerce platform, eBay has a collectibles and art section and a fashion section where you can list your wedding band. It is common to use eBay to sell wedding rings, and you can easily attract potential buyers.
• Etsy: This e-commerce website allows sellers to list a wide array of items, including jewellery, crafts and supplies. Many sellers on Etsy have made substantial profits from selling their wedding rings. You can communicate with potential buyers, post photos, write descriptions, and take the best offer.

When selling your wedding band online, it is important to do your research and be cautious to ensure a safe and satisfactory transaction.

Diamond specialists

If you want to sell your wedding band to a diamond specialist, it's important to do your research and find a reputable dealer. You can start by searching for diamond specialists in your area and checking their reviews. It's also a good idea to get an appraisal for your wedding band from a qualified appraiser before you sell, so you know how much it's worth.

When you're ready to sell, bring your wedding band to the diamond specialist for evaluation. They will assess the quality and value of the diamonds in your band and make you an offer. If you accept the offer, they will pay you on the spot.

Selling to a diamond specialist is a great option if you want to get the most money for your wedding band and you're not in a hurry to sell.

Frequently asked questions