Yes, you can sell your diamond and your setting.
If you go through Abe Mor diamonds, they’ll handle the resale of your diamond and setting.
Remember that your setting will be worth the scrap gold price.
Most jewelry stores and pawn shops pay approximately 50 cents for every dollar of scrap gold value.
Can you sell jewelry to a jewelry store?
Selling in person
Selling your jewelry in person to a local shop may still be the best way to get the most money out of it. Here, too, you have lots of options, including coin shops, pawnshops, consignment shops and jewelers. The American Gem Society provides a list of local jewelers who buy jewelry.
How can I sell my diamond ring for the most money?
To help unravel the mysteries of diamond selling, here are four tips to consider before hocking your stone.
- Know what you’ve got. Just because Granny said her old diamond ring was valuable doesn’t make it so.
- Set a realistic price.
- Investigate your selling options.
- Be emotionally ready to sell.
How much can I sell my diamond ring for?
Between just us friends, you can get anywhere from 20% to 70% of your diamonds retail price. The price is such a wide range because it depends how you go about selling your ring. Selling it on consignment will earn you a different dollar amount than selling directly to a dealer.
How can I sell my ring?
Here’s How to Sell Your Engagement Ring Setting
- Realize you won’t break even on your purchase, especially if it’s a custom-made setting.
- Avoid local jewelry stores and pawn shops.
- Go through Abe Mor for the best prices on second-hand diamonds and ring settings. You can sell the gold or platinum for scrap metal.
Is it better to pawn or sell jewelry?
Pawning your jewelry is a really good option for two reasons. First, it’s great if you need money quickly but you also want to keep your jewelry. Second, because the pawn shop doesn’t have to worry about having to sell your jewelry, you’ll probably get more money. Shop around at different pawn shops or jewelers.
Does Kay Jewelers buy jewelry?
Only diamonds, not color gemstones, can be traded in. And up! Only diamond jewelry-to-diamond jewelry trades qualify for upgrade. Trade-ins purchased at KAY are awarded the full value of the original purchase price.