Updated April 1, 2020
Clutter is the enemy, and not just because stuff makes your home a mess, your closets, and drawers difficult to manage. Clutter hold you back in life.
Sell your bridal jewelry or other diamond jewelry to minimize this physical, mental and emotional clutter — and make money while you're at it!
Worthy.com is the leading site for safe sale of jewelry and diamonds. CashforGoldUSA.com has been found to be the best place to get the highest price for gold per ounce, whether you are selling jewelry or coins, as well as lower-end diamonds.
What old jewelry is in your jewelry box?
The contents of your jewelry box can be transformed into something that brings you joy, wealth, and/or health.
- “Where should I sell my wedding ring (and how)?”
- How to sell your ring online with CashforGoldUSA
- “Where to sell my engagement ring (and how)?”
- How to sell an engagement ring
- Where to sell the old jewelry you find in your jewelry box?
By cleansing your jewelry box, and selling engagement ring through reputable resources like the auction site Worthy.com (which has an A+ Better Business Bureau Rating), you can quickly turn that diamond, gemstone, gold jewelry or timepiece clutter into cold-hard cash — which you can then use to improve your whole life.
I often get the questions:
“Is it worth it to sell my jewelry?”
Answer: Gold prices per ounce have been at or near record highs in recent months. The market for recycled diamonds is hot. Get a quick appraisal estimate for your jewelry at Worthy.com >>
Check out gold prices and get a free estimate at CashforGoldUSA, which Fox News found to pay 3X its competitors. They pay a $50 bonus for items valued at $250 or more.
The power of decluttering is especially true for women going through the end of a relationship: a divorce, the end of a serious, long-term romantic relationship, or even the death of a loved one.
If you are wondering whether it is worth it to sell your old jewelry, consider that holding on to it is money that you are not using to invest in other experiences or purchases that bring value to you, your family, and world:
- Pay off debt
- Go back to school
- Start a business
- Invest in your business
- Buy a home
- Buy a car
- Get a boob job or other cosmetic surgery
- Renovate or redecorate the house
- Buy a second house
- Settle your divorce already
- Build that $1,000 emergency fund
- Help out a family member or friend in need
- Donate to charity
- Pay for your kids' camp or college
- Go on vacation with the kids
- Go on vacation with your man
- Go on vacation with yourself
- Buy yourself a fabulous new piece of jewelry!
With the money I made on selling my own ring, I helped my ex take the kids to Greece to visit their family.
“Where should I sell my wedding ring (and how)?”
Maybe you have mixed feelings about parting ways with the ring — after all, it was likely part of a relationship that at one time full of love and passion. But just because that ring no longer fits into your life, does not mean it is worthless. While I understand why some women throw their rings off a mountain summit they just climbed, or into the ocean off the side of a yacht they are sailing with their new Portuguese lover, consider selling that rock for some cold, hard cash.
Are there other pieces that just don’t make the cut?
As long as you are selling your wedding ring, sell your necklace, tennis bracelet, old watch and earrings if they no longer give you joy. Gold has been at record high prices, and there is a huge market for selling diamonds — including some great companies that will help you sell your diamond or other jewelry online for a top price.
How much is a wedding ring worth?
The higher the karat amount, the more valuable it is to sell gold jewelry. Again, this depends on the factors mentioned above. A simple, thin chain necklace without gemstones, will typically be worth between $100 and $200 in scrap prices. Meanwhile, Worthy sells many necklaces for thousands of dollars. Examples include a 35-gram 14k gold and diamond necklace for $1,858, and a 15-gram 18k gold and diamond necklace for $4,050.
As of April 1, 2020, these are the scrap market prices for a typical, basic 5 gram gold wedding band, according to the gold calculator at CashforGoldUSA.com:
10k gold wedding ring is worth: $107.87
14k gold wedding ring is worth: $151.32
18k gold wedding ring is worth: $194.01
Simple jewelry, including a solid-metal wedding ring, or one with small stones, can be sold to a local jeweler near you, gold buyer near you, pawn shop, gold and silver exchange, or a reputable online buyer like CashforGoldUSA.
An online option is great for many reasons:
- Convenient, as you don't have to drive around town looking for the best price. Reputable online companies send you an overnight mailer, so you don't have to leave home.
- Transparent, since third-party companies like the Better Business Bureau vet these companies, and you can scan many — often hundreds — of reviews and ratings.
- Competitive, since the market rate is set by national competition — not a single quote from one local jeweler near you.
Here's a video of the process for selling gold using CashforGoldUSA.com:
How to sell your ring online with CashforGoldUSA:
I have sold jewelry with both companies (and make a commission if you do, too). Here is my experience with CashforGoldUSA:
- I plugged in my name and address on their website. Chose whether you prefer a USPS Mailer, or FedEx Label.
- A few days later I received a SAFEPAK mailer, which stated my rings were insured up to $1,000.
- I stuck the modest gold and diamond ring in it, and dropped it in the mailbox.
- Two weeks later got a check (they also give you a tracking number to track it online).
I was pleasantly surprised by how easy and professional the process was.
The 12-carat gold ring with a couple of small diamonds fetched a $159 check.
If your ring is worth at least $1,000, here's how to sell your wedding ring online with Worthy:
“Where to sell my engagement ring (and how)?”
Worthy.com is an A+ Better Business Bureau jewelry auction on which hundreds of verified buyers bid on your jewelry — driving up the price to market value. Worthy insures each item sent in up to $100,000, pays within 24 hours of the final sale via Paypal, and gives each seller a FREE GIA lab report.
The value of your ring depends on many factors. These include the materials used (quality of gold and/or platinum), the quality and size of the diamonds, if it is has a designer luxury mark, and the market value of your ring.
The best way to determine the value of your ring is through a formal appraisal at a local jeweler near you, which I recommend for items valued at less than $1,000, or, if you expect the ring to be worth more than that sum, get a GIA or IGI certificate, which will cost you around $100 or less. If you chose to go through Worthy.com (which only accepts items for its online auction of at least $1,000), then they pay for a GIA or IGI lab report and certificate, 100% free.
Here are a few recent examples of diamond engagement rings sold at auction at Worthy.com:
1.2 carat oval-cut ring, J-K color, VS1-VS2 clarity, with surrounding diamonds total carat weight of .74 carats:$2,187
0.75 carat marquise-cut 3-stone ring, F-G color, VS1-VS2 clarity: $1,245
1.26 carat round-cut solitaire, G color, VS1 clarity, 18-carat gold band: $7,409
Where to sell an engagement ring
For larger rings, engagement rings, especially those with gemstones, or those branded by a known jeweler like Tiffany, Cartier, Graf, keep reading. I will explain why Worthy.com, a very reputable jewelry auction site specializing in diamond rings, is an excellent option for ensuring you will get the most cash for your ring.
You can actually sell your jewelry without leaving the house.
I researched the top companies, and outline the most reputable diamond and jewelry buyers in this post.
When researching places to sell your engagement ring, loose diamond or other diamond jewelry, check:
- What is the company's online reputation. Check the BBB, whether they have been favorably been reviewed in top media outlets, and consumer reviews on sites like Yelp.
- Do they insure your item? For how much?
- What is the customer service like? Do they have a responsive chat box? A phone number where someone answers? What are their customer service hours? These things matter when there is a question or issue.
- What is the shipping process? Can you track your item along the way? How is security once your ring reaches the company?
- How do they appraise or otherwise value your item? Is it just the opinion of one person looking at your diamond — or do they send it out to a reputable third-party laboratory like GIA or IGI?
- Do you have any control over the price of your item? At auction site Worthy, you can set your minimum sales price.
- What is the return policy in the event you are not happy with the price quoted? Do you have to pay to have your jewelry returned to you?
- How quickly will you be paid — and how? Sites like Worthy pay within days via Paypal or ACH bank transfer. Do you have to wait for a paper check to be mailed to you like it is 1997?
You can sip coffee, watch Showtime, while researching jewelry that you might want to sell.
Worthy is an online auction — but the company’s staff helps you get the get the best deal and you get to keep an eye on the process the whole time. (Read my review of using Worthy here.)
The site will walk you through a quick appraisal process, which involves you providing a few details about the piece of jewelry you want to sell and snapping a photo.
Worthy’s experts provide you with a trending market price and send you an insured FedEx shipping label.
The folks at Worthy will have the jewelry appraised formally by GIA or IGI, get a certified lab report, and provide a professional photo and report to help it sell online.
I've sold jewelry through Worthy and really appreciate that they help you understand how much your jewelry is worth, provide a GIA certified report on the item, and offer excellent, patient customer service throughout. You can read about my Worthy experience.
Plus, they have an A+ rating with the Better Business Bureau, or BBB, which is important to me.
How to sell your ring online:
- Go to Worthy.com
- Enter your name and email, along with basic information (color, carat weight, clarity, etc.) about your jewelry, including size and grade of your jewelry or stone.
- Receive an estimated market value for your piece right then and there. This process takes about 2 minutes.
- A very nice customer service representative calls to answer all your questions and tells you what will happen next.
- Ship your item. If that price suits you, Worthy will send a FedEx delivery person to your house the next business day (or sometimes the same day!), in which you send the jewelry, diamond or watch to them — Worthy pays for all shipping and insures the item for up to $100,00 (yes, really!).
- Worty sends your item to GIA for a scientific examination of your item and a lab report, which is worth about $200, and you can keep for free — even if you decide not to sell (up to you).
- Agree on a “reserve price,” or the lowest price you are willing to accept. Your item is auctioned. Worthy will put your jewelry in front of at least 100 potential buyers worldwide, who can then bid on your item.
- Receive an offer within 7 days of Worthy receiving your item.
- Get paid. After you confirm the sale, you’ll receive payment within 24 hours, including through PayPal or your bank account. Cha-ching!
I made a video about my own experience selling jewelry on Worthy:
How do you know that the price is fair?
Worthy's jewelry evaluation process is actually a pretty big deal.
They work with the Gemological Institute of America, which specializes in analyzing and pricing fine jewelry — especially pieces with diamonds.
Worthy keeps you updated throughout the appraisal process and, in the end, leaves it up to you to decide if your piece goes up for sale at the final appraised price.
Plus, the report from GIA will be available for you to inspect for yourself.
Fees and guarantees
Worthy takes up to 20 percent of the sale price.
They are very transparent: if they don’t sell your item for at least the reserve price, they return it to you, free of charge, no questions asked.
I also love that Worthy will pay you $100 if you successfully sell your auctioned item to an independent jeweler for a price higher than Worthy was able to offer.
I was recently on The Doctors, talking about the importance of selling your old wedding ring to pay the bills:
What about diamond upgrades and trade-ins?
Both local and national jewelry chains like Kay Jewelers, Jared, Tiffany and Nordstrom all offer diamond trade-in and upgrade services. This means that they offer you a price for your diamond that you can only use in-store to buy another piece of jewelry, or upgrade your diamond to a larger stone. Some have an online trade-in value calculator.
These tend to be legitimate services. But if you are looking to sell your diamond ring or other jewelry for the most cash, upgrade and trade-in services are not a good choice. Why?
- A local jewelry store — including a national chain — will not provide a certified lab report on you jewelry. They may offer an appraisal, but lab report is the only way to guarantee the dimensions of your diamond, and authenticate the price offered is a fair market rate. All Worthy sales include a free lab report through either the GIA or IGI.
- In other words, you have no way of knowing what you could get for it on the open market if you go with a trade-in program.
- If you really want cash for your unused or unwanted diamond, don't let a sales person talk you into getting a BIGGER, MORE EXPENSIVE piece of jewelry.
- If your goal is to declutter a piece of jewelry tainted with bad memories, those negative vibes may then attach to the new jewelry.
Takeaway: Just trade your diamonds for cash, and call it a day.
In short …
If you have a valuable gold, gemstone, or diamond, best place to sell is via online auction at Worthy, which has an A+ BBB rating, gives you a free GIA or IGI certification, excellent customer support and puts the sale process in your hands, all from the comfort of your home.
Where to sell the old jewelry you find in your jewelry box?
Examples of how women have turned jewelry-box clutter into self-care:
- Bonded with kids on a cruise paid for with money from selling ring from a broken engagement.
- Used money from selling earnings from an ex-boyfriend to earn a yoga instructor certificate — and start a new career!
- Profits from selling engagement ring after a divorce used for a hiking retreat in Italy.
- Jewelry inherited from an aunt with whom the new owner had a long and painful relationship, was auctioned on Worthy.com, and the money was used to landscape her yard — which honored the aunt’s love of gardening, gave the niece joy, and improved her home’s value.
All those shared memories are locked in furniture on which you created memories, china you hosted dinner parties together, and linens that represented evenings and mornings spent with one another.
Many relationships involve precious jewelry — investments that represented care, love, tradition and a shared vision for the future.
Here’s the thing: Even if that jewelry is worth tens of thousands of dollars, it is still clutter to you.
Why? You’re not enjoying it.
Those diamond rings, necklaces, earrings, and broaches represent something negative (even if there are some fond memories attached).
It all holds energy, good or bad.
Cleanse out the bad energy, welcome the good.
Unlike tossing out old clothes or cleaning your pantry, selling unused, or toxic jewelry can make you serious money.
All that negative energy can translate into a positive experience:
Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist and author. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, MONEY, O, The Oprah Magazine. Winner of Parents magazine’s “Best of the Web” and a New York Observer “Most Eligible New Yorker,” her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. A popular speaker, Emma presented at the United Nations Summit for Gender Equality. Emma's Top Single Mom Resources.