Where and how you choose to sell the diamond.The precise amount you’ll lose depends on several factors: Please enter your email address to receive your personal one-time use unique coupon code for 25% off engagement rings: How Much Can I Sell My Diamond Ring For?īecause no two diamonds, vendors or potential buyers are the same, there’s no precise answer to this question.Īs we mentioned in the section above, you’ll almost always lose money if you sell your diamond ring or other jewelry. 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. We’ve covered these reasons in more detail below. The price you’re offered for your diamond can also vary hugely depending on how you choose to sell it. There are several reasons for this, from the diamond’s retail markup (this can vary depending on where you purchased the diamond) to the difficulty of reselling a pre-owned diamond. However, the resale value of a diamond is almost always significantly less than the amount you or your fiancé paid to purchase the diamond when it was new. Diamond Resale ValueĪll diamonds, from the center stone of an engagement ring to a pair of diamond earrings, have resale value. Mike followed that up by spending years buying and selling diamonds on the wholesale market as well as selling tens of millions of dollars worth of diamonds to diamond retailers. Mike started from the bottom, sorting and evaluating hundreds of thousands of diamonds to learn every facet (pun intended) of diamond quality and value. The author of this article, our CEO, Mike Fried has over 20 years of experience in the diamond industry. To help you with the diamond buying process we lean on our expertise and experience.
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