Selling your used engagement ring can bring you much-needed cash. Many people look to sell their jewelry for various reasons. Sometimes relationships end or people sell their used engagement jewelry to upgrade to another piece of jewelry. No matter the situation, there are many ways to sell your engagement ring.

Selling Your Ring

Before you sell your engagement ring, take it to a reputable jewelry appraiser to get a written and professional appraisal. Also, determine the lowest price you will accept for it. Craigslist is one option available for selling your used engagement ring. Include information on the appraisal price and what price you are willing to sell the ring for. Post as many pictures as possible to show the detail of the ring. If someone shows interest in the ring, show it in a public place and accept only cash for the purchase. EBay is another great place to sell your ring. Open an eBay account if you do not have one. Place the ring on the auction part of eBay and start the price at the very lowest that you are willing to take. EBay allows one free picture and charges 15 cents per picture thereafter. Use very good pictures because people from all over the world search eBay for deals. You will need a Paypal account attached to eBay so you can have your money deposited right into the Paypal account. Another way to sell your used engagement ring is to sell it to a reputable jewelry store. Be careful with this method because some places will give you only the value of the gold and not the stone. Look for a jewelry store that will buy diamonds or stones as well. Never sell your engagement ring for scrap gold. You will not recoup your investment, and you will not get any cash for the stones.

Source:

Bottom Line Secrets: How to Sell Unneeded Jewelry for the Best Prices

More Information:

EngagementRings.LovetoKnow.com: Main Page

eBay.com

Craigslist.org