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Where (and how) to sell diamonds for cash in 2022

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If you’re thinking about selling your old diamonds or diamond jewelry for cash, there are three steps you should take before you sell, which I detail below, and two buyers I recommend.

My recommendations on where to sell diamonds for cash

After years of researching and personally vetting jewelry buyers, my top choices for selling diamonds for cash are:

Diamonds USAWorthy
Buys all diamondsAccepts diamonds of .5 carat+ per stone & worth at least $1,000 at auction
Pays in 24 hours of accepted offer, or about 3 days from requesting mailerTakes about 2 weeks total
A+ BBB ratingA+ BBB rating
Free, trackable shippingFree, trackable shipping
Insurance up to $100,000Insurance up to $100,000
Price match guaranteeFree GIA lab report
Go to CashforDiamondsUSA.com to sell now >>Go to Worthy.com to start the process now >>

No matter which option you choose, now is a great time to sell a diamond.

Why diamond resale value is higher today

Diamond resale prices have jumped 31% over the past two years, according to Martin Rapaport, founder of the Rapaport Diamond Report, tracks diamond prices. Rapaport, who is also founder of the RapNet online diamond trading network, explains that prices are up because diamond supply is down, and demand is up:

  • India, which finishes 93% of the world's diamonds, shut down its jewelry industry for Covid
  • Sanctions against Russia, which produces 30% of the world's diamonds, has throttled gemstone production from that country

Meanwhile, demand is up thanks to:

  • Booming economy as Covid lifts and people spend saved-up money
  • Lower-income people have extra money thanks to stimulus checks
  • Affluent people have extra money thanks to stock market and real estate profits
  • Younger people are getting married after a long shut-down

If you are on the fence as to whether now is a good time to sell your diamond, the answer is yaaassss.

You can see Worthy sold this 1-carat diamond solitaire ring for $6,400 in February 2020:

1 carat diamond solitaire ring worth price

Worthy sold a similar 1-carat diamond solitaire ring for $8,578 in February 2022 – that’s a 34% increase in 2 years:

1 carat diamond solitaire ring worth price how much

Ready to sell your diamond for cash? There are just three steps for selling diamonds:

Step 1: Before you sell diamonds, educate yourself about the value of your diamond.

A diamond’s value is determined by a variety of factors, the most important of which include the stone’s color, cut, clarity, and carat. You can get a diamond certification from a lab like GIA, or use invoice information from the original purchase. A reputable local jeweler can also help.

Then, look up comparable diamonds for sale on a site like BlueNile, and expect to fetch about 30% of the retail value when you sell, says Rapaport.

“If you have a diamond and need the money, now is a great time to sell,” Rapaport told me via Zoom from Israel. While diamond prices were down 13% before the pandemic thanks to oversupply and lackluster interest from Millennials, today prices are up net 31% from the beginning of 2020.

Diamond resale value chart

Year-on-Year Diamond Price Change for top 25 quality 1-carat round diamonds (D-H Color, IF-VS2 Clarity):

April 2020-13%
April 2021+16%
April 2022+28%
Rapaport – RapNet Diamond Index (RAPI)

While Rapaport expects these higher prices to remain steady through the next year and beyond, now, he confirmed, is a great time to sell.

Worthy recently resold a 2-carat diamond for $18,496 — a 57% increase over 2 years ago:

2.01 round loose diamond price 2022

2 years ago, Worthy sold a nearly identical diamond for $11,797 :

recent sale of a 2-carat diamond in 2020

Step 2: Get a diamond appraisal before you sell.

A diamond appraisal is a document that specifies the key characteristics of a diamond and its setting, including carat, color, clarity, cut and measurements, and gives a dollar value estimate of what it is worth — whether for insurance purposes, or on the resale market. 

Step 3: Evaluate all reputable diamond buyers.

Now that you know what you have and an idea of what it might be worth, you are ready to consider selling your diamond by researching diamond buyers online and near you.

After years of research and personally vetting jewelry buyers, Diamonds USA (formerly CashforDiamondsUSA), remains the most relevant to most diamond sellers:

Diamonds USA recently bought a pair of 1-carat diamond earrings with an M color rating and I2 clarity for $1,800 (see them in Step 3). 

Pair of diamond earrings bought by Diamonds USA.

If your diamond will sell for at least $1,000, Worthy is our recommended place to sell diamonds.

Still have questions about selling your diamond?

Three FAQs about selling diamonds:

Diamond resale value: How much is a diamond worth?

Grading and valuing a diamond is a complex process, one that requires a professional expert and benefits from sophisticated laboratory technology. 

The price you will receive for any diamond, no matter where you sell it, depends on many factors, including the size, clarity and cut of your diamond as well as the market demand for your gemstone, as well as the honesty and integrity of the buyer!

It is also very important to keep in mind that the resale value of a diamond (or any fine jewelry) will be much less than what you paid for it, retail.

That said, there are some basic tools and terms that anyone can use to make sure they understand any price quoted for their diamonds, and help you understand what your diamond is worth. Keep reading to learn about your diamond and what it is worth, and read this post on diamond appraisals.

4 C’s of diamonds

The 4 C’s are a well-recognized foundation for measuring the quality and value of your diamond. A diamond grading chart is helpful in determining value.

Color

The color of gem-quality diamonds occurs in colors ranging from completely colorless (the rarest of diamonds), to shades of yellow (also called “canary diamonds) and brown (“cognac diamonds”).  Colorless diamonds are the rarest. Rare, “fancy” diamonds that are naturally blue, red, and pink are graded on their own, separate scale.

Diamond 4 c's color

Clarity

Diamonds usually have internal flaws called inclusions, or external characteristics known as blemishes. Diamonds without inclusions or blemishes are rare; however, most characteristics can only be seen with magnification. This is the diamond clarity scale from the American Gem Society side-by-side with the Gemological Institute of America’s (GIA) clarity grading scale:

Gemological Institute of America's clarity grading scale.

Carat

The carat is the diamond’s physical weight measured in metric carats. One carat equals 1/5 gram and is subdivided into 100 points. Carat weight is the most objective grade of the 4Cs.

Cut

Cut is simply the way the cutter cut the diamond, and the skill and precision of the cutter’s work. The more precise the cut, the more beautiful the diamond is to look at.

In the 4 C’s, cut refers to the precision with which a stone is faceted by the diamond cutter. However, the word cut also denotes the shape of the diamond — and some shapes are more popular, and more valuable than others.

Here is a chart of shapes and prices for different, popular diamond shapes with similar characteristics, from BlueNile. It will help you understand the value and worth of round brilliant-cut diamonds, princess (square), emerald (step-cut rectangle), marquise diamonds, and other shapes.

Diamond price by shape from BlueNile.

You also want to know how much a baguette or trillion-cut diamond is worth?

A baguette diamond is a long, 14-facet diamond typically used as an accent or side stone on a solitaire ring, or as part of an eternity band, while a trillion is a triangle-shape generally used as a side-stone in a piece of fine jewelry. Each of these shapes are typically not worth more than a few hundred dollars, though a larger baguette or trillion of high quality can be worth more.

Other factors, such as the diamond’s history (in the case of an antique stone, for example) and underlying market conditions can also affect the end price for a stone. A diamond certification will typically detail much of the specific information about a stone, while a diamond appraisal will use that information along with other data to assign it a value. 

Is a diamond a good investment?

In terms of money, the short answer is: No. You are not likely to see your diamond jewelry appreciate in value over time. The diamond market for several years was depressed thanks to a decreased popularity of engagement rings among millennials (along with marriage in general), a growing popularity in lab-grown diamonds, and a general flooding of the market.

While diamond prices are up once again, expect price fluctuations going forward.

8 ideas for & where to buy affordable engagement rings in 2022

Do diamonds hold their value?

Over the long-term, diamonds can hold their value, though do not expect to get more than about a third of the retail price you paid when you resell. That said, diamond prices are up about 20% over the past few years due to geopolitica and cultural trends. 

How much do you lose selling a diamond?

Expect to get between 30% and 50% of today’s retail value of your diamond at resale.  

Why was diamond resale value so low before 2022?

Even though diamond prices are up in 2022, expect to be paid about one-third of the retail value of your diamond. The reasons include:

  • Diamond buyers are really only interested in the center stone, which they can repurpose into other, more contemporary pieces of jewelry, or custom items for their clients. The retail price you paid includes the design, smaller side stones, labor, and the retail experience. A diamond wholesale buyer or diamond exchange will melt the metal down to scrap.
  • Wholesale jewelry buyers need to make a profit when they resell your ring or earrings, so they like to buy low, and then turn around and sell your diamond for a higher price.
  • There is often confusion about the total carat weight of a diamond ring or other jewelry. A common misunderstanding is that the jewelry owner believes that, for example, she has a 1 carat diamond ring, when in reality, the center stone is .5 carats, and the surrounding smaller stones total .5 carats. Most jewelers or jewelry buyers value the smaller stones very little — perhaps less than $100 total in this case — and are only interested in the center stone.

One of the reasons many women choose not to sell their diamonds or diamond ring is that the price they are quoted from a jeweler or auction site is much lower than they believe their rings to be worth. Typically, the resale value of a diamond is about one-third of what you will pay retail. 

That said, diamonds do have a vibrant resale market, and old jewelry, a ring from a divorced marriage, or inherited estate jewelry can bring much-needed cash when sold to a reputable diamond buyer.

One-carat diamond: How much is a single 1-carat diamond worth?

Typically, only the center stone of your ring or necklace will hold any significant resale value, and the surrounding gold or platinum, and small side stones are considered scrap. You will only get the melt value of that setting.

Gold prices this year exceeded $2,000 for only the second time in 50 years. As of May 12, 2022, the gold resale value in the United States was at a near-record price of $1860.39 per ounce, or $65.62 per gram.

Here is a recent retail diamond value chart for a single 1-carat, brilliant (round) loose diamond on BlueNile. Note the range for all qualities of 1-carat stones range from $2,473 to $12,317 for a perfect, colorless 1-carat diamond.

Image of a diamond value chart and calculator from Blue Nile Diamonds

Note these are retail prices for loose, 1-carat diamonds sold to buyers. Resale prices will be much lower.

By comparison, here are some recent 1-carat loose diamond resale prices from auction site Worthy.com:

How much is a 1 carat loose diamond worth today

One-carat diamond resale value: $1,036 to $5,946, depending on clarity, color and shape.

Two-carat diamond: How much is a 2 carat diamond worth?

Again, diamond resale values are based on the size and quality of the center stone, not total carat weight of all the diamonds in the piece. 

Here are a few recent Worthy sales loose diamonds of approximately 2 carats:

How much is a 2 carat loose diamond worth today

Two-carat diamond resale value: $2,1670 to0 $15,254

Half-carat diamond: How much is a .5-carat diamond worth?

Here are some recent Worthy sales of diamonds sized .4 carats to .6 carats:

Chart of recent Worthy sales of .5 carat diamonds.

Prices range from $1,012 to $28,477 for these .5 carat diamonds.

According to BlueNile, half-carat loose diamond retail prices range from $310 to $5,759. If you sell via Worthy or Diamonds USA, your diamond’s resale value is likely a few hundred dollars or less.

Quarter-carat diamond: How much is a .25-carat diamond worth?

A high-quality quarter-carat diamond may retail between $500 and $1,000, but diamond resale value will be about a third of those numbers.

Moissanite diamonds: Are moissanite diamonds worth anything?

Moissanites are not diamonds. However, it is a naturally occurring material, though almost all of what you see in the marketplace is made in a laboratory.

Moissanites are often cut exactly as you would cut a diamond and set in rings and other jewelry settings. They are far less expensive, and the retail price of a 1-carat moissanite is typically $100, with the buyback value far less.

Lab diamonds: Are lab diamonds worth anything?

Lab-grown diamonds are soaring in popularity, thanks to their stunning similarity to real diamonds and affordability, with Charles & Colvard being the leading brand. However, while a technological miracle, lab-grown diamonds are worth very little or zero on the resale market. 

Melee diamonds: Are melee diamonds worth anything?

Melee gemstones are very tiny diamonds that are commonly used as accents, or in pavé, halo and channel settings. Eternity bands often use melee diamonds.

Diamond resale value for tiny diamonds are much less, and they are often sold based on their collective weight for hundreds of dollars or less. Sellers often find that the gold or platinum setting of a diamond ring is worth as much or more than the actual diamonds.

A full carat’s worth of melee diamonds is worth between $200 and $1,000, depending on the size and quality.

Diamond accents: Are diamond accents worth anything?

Accent stones on a ring or other piece of fine jewelry are simply the smaller side stones complimenting the larger center stone. Accent stones are often melee diamonds, but not always.

A high-quality quarter-carat diamond may retail between $500 and $1,000, but diamond resale value will be about a third of those numbers.

Any diamond less than .10 carats is sold based on its weight, like melee.

Chipped diamonds: How much is a chipped diamond worth?

If your diamond is small — less than .5 carats — a chipped diamond is not worth much. However, larger diamonds, especially those that are high-quality, may be of interest to a diamond buyer who believes they can recut the diamond into a gem they can sell for a profit. However, the price they will offer you will be less than if the diamond is not chipped, of course.

Is there a diamond value calculator?

While there are accurate online calculators for gold, silver and other precious metals,  a diamond value calculator is only available to members of the trade, because there is no diamond exchange (or central location where diamonds are bought and sold) accessible to the general public.

If you are interested in selling a diamond, the price of diamonds is best understood through the quality as determined by the 4 C’s, and by being evaluated by a respected laboratory, such as GIA, which uses industry-specific equipment. Armed with the lab report, bring it to a  GIA-certified jeweler who can inspect, evaluate, and offer a price.

What is the best way to sell a diamond?

If you already know the answers to these questions, or are otherwise ready to sell your diamond jewelry or loose diamonds, our top place to sell diamonds is Diamonds USA.com.

  • Free door-to-door FedEx shipping
  • Pays within 24 hours
  • 10% bonus when you send in your diamond or jewelry within 7 days
  • Appraisals are performed by the Gem Institute of America
  • A+ BBB rating 
  • 100% guarantee highest price
  • Founded in 1997 and paid out $166 million worth of gold, diamonds and other fine jewelry and watches, including Rolexes
  • Found by a Fox Business investigation to pay 3X the competition:

However, if your diamond is 1 carat or more, start with Worthy.com, which is also a great place to sell your diamond, pays within 24 hours of auction close and also has an A+ Better Business Bureau rating. Worthy is a marketplace where wholesale buyers bid up the price of your diamond, a process that takes about 10 business days.

Where can I sell my diamond or diamond ring for the most money?

While selling to a local jeweler or pawn shop may give you quick cash, brick-and-mortar jewelry buyers typically pay less than online buyers, so I recommend finding a reputable diamond buyer online.

Worthy.com‘s online auction process attracts dozens of vetter buyers who bid up the price of your diamond. Your item is shipped via insured FedEx, door-to-door, up to $100,000, receives a free GIA report, and is professionally cleaned, photographed and posted to Worthy's site. Worthy only accepts diamonds that will sell for at least $1,000.

Diamonds USA also insures shipmentsup to $100,000 with Lloyds of London. Diamonds USA pays within 24 hours of an accepted offer.

Diamonds USA also buys other gemstones, and gold, platinum and silver jewelry, coins, silverware and watches like Rolex. Diamonds USA pays a 10% bonus if you ship within 7 days of receiving your free mailer.

Both Diamonds USA and Worthy have an A+ BBB rating.

How to sell your diamond ring online to DiamondsUSA.com

DiamondsUSA.com is one of the best diamond buyers on the market, and easy to use:

  1. Go to DiamondsUSA.com and request an appraisal kit, including a FREE prepaid overnight FedEx mailer delivered to, and picked up from you door. Your item is insured en transit up to $100,000 by Jeweler's Mutual insurance. Lloyds of London insures the Diamonds USA facility.
  2. Once received, you will get a confirmation email or call, and Diamonds USA evaluates your item and extends an offer.
  3. Once you accept the offer, get paid within 24 hours.

Send in your item within 7 days and get a 10% bonus.

If you choose to decline the offer for whatever reason, Diamonds USA will immediately return your item for free, no questions asked.

Learn more about this company in our Diamonds USA 2022 review: What you need to know.

Where can I sell a diamond or diamond ring near me?

Many people start their diamond-selling journey with local businesses near you. These might include:

If you want to start selling a diamond with a quote from a local, check out Yelp, ask friends, and search the Better Business Bureau for diamond buyers in your area. Bring all documentation for your item (like a GIA or other diamond grading report), and never commit to a sale without a second opinion.

This post explains why you should sell your wedding or engagement ring, and how. This post will help you understand our recommendations for the best online diamond buyers.

Antiques from family are tricky, and there are a lot of factors to consider as you decide whether or not you should sell your heirloom and estate jewelry.

If you find yourself ready (like I did) to sell your diamond but wondering where to sell diamonds for the best price, this post is for you.

How do I sell my diamond near me for cash?

The quickest way to sell your diamond for the highest price is with Diamonds USA, which will send a mailer to your home, offer you a quote by email, and pay within 24 hours. Diamonds USA will buy other items in your jewelry box (including a ring’s setting).

Where can I sell my diamonds in NYC?

There are many places to sell diamonds in New York City, including the famous 47th Street diamond district. Worthy also accepts in-person appointments to evaluate your diamond jewelry in-person at their locations in New York City.

Do jewelers buy diamonds?

Yes, jewelers often buy loose diamonds, diamond rings and other jewelry — as well as provide insurance-replacement appraisals.

Do pawn shops buy diamonds?

Yes, pawn shops buy diamond jewelry and loose diamonds, though typically for far below what a jeweler or online diamond buyer will pay.

I Do Now I Don’t review: Is this online jewelry seller legit?

Is now a good time to sell diamonds?

While diamonds have historically held their value, in recent years, several factors have resulted in a decline in diamond values:

  • General decreased interest among younger buyers who are more intersted in paying off debt and investing than big engagement rings
  • Environmental concerns of diamond mining
  • Rise in popularity of quality lab-grown diamonds that cost a fraction of the real deal.

The pandemic closed many diamond mines and production facilities, which throttled supply and resulted in higher prices at the end of 2021. However, looking into 2022, the meta trends mentioned above stand to put downward pressure on all diamonds — including those in the resale market.

So, should you sell your diamond now?

On one hand, you may choose to hold on to your diamond and sell in the event prices return, or you may choose to sell your diamond now before prices drop further.

On the other hand, there is the emotional aspect of jewelry that suggests that letting go of items that remind you of unhappy relationships makes it always a good time to sell your diamond jewelry. And you can always invest the money you earn in another investment that has a high return.

Bottom line: How much can you sell a diamond for?

While diamond resale can be intimidating and stressful, you can always walk into your local jeweler and see if he or she will buy your jewelry or loose diamond for cash — and take what they offer on the spot.

However, it is easier and usually more profitable to sell a diamond ring or other diamond jewelry online from one of the top buyers, who will send a FedEx mailer to your door for free, and overnight your item to their offices for evaluation, appraisal and quick payment.

At the end of the day, your diamond is worth what someone is willing to pay you for it at that moment. Considering the recent trend of diamonds appreciating in value, I suggest selling sooner than later before prices go down again.

Do you have gold jewelry to sell? What you need to know to get the most price for gold coins, jewelry and scrap.

How much is a diamond worth?

The price you will receive for any diamond, no matter where you sell it, depends on many factors, including the size, clarity and cut of your diamond as well as the market demand for your gemstone, as well as the honesty and integrity of the buyer!

How much is a single 1-carat diamond worth?

Typically, only the center stone of your ring or necklace will hold any significant resale value, and the surrounding gold or platinum, and small side stones are considered scrap. You will only get the melt value of that setting.

What is the best way to sell a diamond?

While selling to a local jeweler or pawn shop may give you quick cash, brick-and-mortar jewelry buyers typically pay less than online buyers, so I recommend finding a reputable diamond buyer online.

Where can I sell my diamond or diamond ring for the most money?

While selling to a local jeweler or pawn shop may give you quick cash, brick-and-mortar jewelry buyers typically pay less than online buyers, so I recommend finding a reputable diamond buyer online.

Why is diamond resale value so low?

No. You are not likely to see your diamond jewelry appreciate in value over time. The diamond market is depressed thanks to a decreased popularity, a growing popularity in lab-grown diamonds, and a general flooding of the market. Expect to be paid about one-third of the retail value of your diamond.

Where can I sell a diamond or diamond ring near me?

If you want to start selling a diamond with a quote from a local, check out Yelp, ask friends, and search the Better Business Bureau for diamond buyers in your area. Bring all documentation for your item (like a GIA report), and never commit to a sale without a second opinion.

Do jewelers buy diamonds?

Yes, jewelers often buy loose diamonds, diamond rings and other jewelry, as well as provide insurance replacement appraisals.

Do pawn shops buy diamonds?

Yes, pawn shops often buy diamond jewelry and loose diamonds, though typically for far below what a jeweler or online diamond buyer will pay.

Is it a good time to sell diamonds?

On one hand, you may choose to hold on to your diamond and sell when prices return, or you may choose to sell now before prices drop further. On the other hand, there is the emotional aspect of jewelry that suggests that letting go of items that remind you of unhappy relationships makes it always a good time to sell your diamond jewelry.

How much can you sell a diamond for?

At the end of the day, your diamond is worth what someone is willing to pay you for it at that moment. Considering the recent trend of diamonds depreciating in value, I suggest selling sooner than later.

Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, Elle, 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. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. More about Emma's credentials.

9 Comments

Great information and now I discovered your site and you! Awesome.
A question on the selling a diamond ring. What’s the difference between selling to Diamonds USA and worthy? Are you saying it’s better to sell diamonds that are worth more than $1000 to Worthy?

Worthy only accepts diamonds that will sell for about $1,000 or more, and sells via an auction platform. Diamonds USA does not have a minimum and will offer you a flat sum for your diamond.

I have a 5.91 carat diamond, Nile says is it worth $150,000. Worthy auction went to $41,000 less 10% commission. I want to know if I can sell my diamond myself to an individual who will get a real deal.
Is there somewhere I could post it online for people all over the world to get a chance to buy it at greatly reduced price? It is GIA evaluated.

The Nile price is retail, while the Worthy quote is to a wholesaler, and is in-line with diamond buy-back prices. Feel free to get a quote from your local jeweler or CashforGoldUSA to see what they offer.

I have an antique pin. Gold color that has three fairly nice size diamonds in it. I’d like to see about getting it appraised. Where would I do that? And then sold. I’m a bit leery about sending this away because of theft purposes. I am 65 years old and this was my grandmother’s aunt’s. Think I said that right.

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