Before you sell your diamond or diamond ring, educate yourself about its value, the 4Cs, what to expect in terms of retail vs. resale price, where you can sell it safely to a reputable jewelry buyer, and where to get your diamond appraised.
- Where can I sell diamonds for the most money?
- What is the best way to sell a diamond?
- Is it a good time to sell diamonds?
- How can I sell my diamond or diamond ring for cash?
- How much is my diamond worth? Getting a diamond appraisal
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.
Our No. 1 recommendation for selling your diamond or diamond ring is online site Worthy.com, which has an A+ Better Business Bureau rating, insures your item up to $100,000, and will give you an immediate estimate using its interactive tool.
How much is a diamond worth?
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.
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.
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.
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:
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 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.
Many often 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.
Diamond value estimator at Worthy.com
Expect that the diamond resale price you receive at auction or from even a very reputable diamond buyer will be substantially lower than what you paid for it. See how much your diamond is worth with Worthy’s diamond calculator.
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 places to sell are:
- If your diamond is worth at least $1,000, or a .5 carat center stone, consider sending your jewelry to Worthy.com, which has an A+ Better Business Bureau rating, insures your item up to $100,000, and will give you an immediate estimate using its interactive tool.
- If your item is worth less than $1,000, CashforDiamondsUSA.com will send door-to-door FedEx shipping, pay within 24 hours and gives a 10% bonus when you send in your diamond or jewelry within 7 days. CashforDiamondsUSA also has an A+ BBB rating and will match any other quotes you may receive from a diamond exchange, pawnshop or other online diamond or jewelry buyer.
Keep reading to learn about your diamond and what it is worth.
How can I sell my diamond or diamond ring for cash?
Traditionally, people interested in selling a diamond ring or jewelry went to a local, trusted jeweler, perhaps gathered a few quotes around town, and went with the best offer.
Today, you can still do that, but there are easier ways to ensure you get the highest price for your loose diamond or diamond ring, including to reputable online diamond and jewelry buyers like Worthy.com, which will give you an immediate estimate. CashforDiamondsUSA is also rated A+ with the Better Business Bureau and pays within 24 hours of receipt of your item.
How to sell your diamond ring online to Worthy.com
- Go to Worthy.com
- Enter your name and email, along with basic information (diamond 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 whole process takes about 2 minutes.
- A very nice customer service representative calls to answer all your questions, and tell 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! That blew my mind!), in which you send the jewelry, diamond or watch to them — Worthy pays for all shipping and insures the item for up to $100,000.
- 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.
Check out my Worthy review to learn more.
How to sell your diamond ring online to CashforGoldUSA.com
CashforGoldUSA.com is one of the best gold buyers on the market, and easy to use:
- Go to CashforGoldUSA.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 up to $5,000 by Lloyds of London.
- Once received, you will get a confirmation email or call, and CashforGoldUSA evaluates your item and extends an offer.
- 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, CashforGoldUSA will immediately return your item for free, no questions asked.
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:
- A local jewelry store
- Pawn shop or consignment shop
- Diamond and gold exchange
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.
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 CashforDiamondsUSA, which will send a mailer to your home, offer you a quote by email, and pay within 24 hours. CashforDiamonds will buy other items in your jewelry box (including a ring’s setting).
If you have a diamond you expect will sell for $1,000 or more, Worthy is also a great place to sell your diamond, pays within 24 hours and also has an A+ Better Business Bureau rating.
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.
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.
Do diamonds have resale value?
In other words, 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 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.
- The market for diamonds and jewelry changes all the time, so the market price of your jewelry may have dropped since it was originally purchased. Also, diamond resale value fluctuates with supply and demand.
- 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.
This video does a good job explaining why diamond resale value is lower than the price you paid for it:
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.
Is it a good time to sell diamonds?
While diamonds have historically held their value, in 2020, diamond prices did decline at both the wholesale and retail level. 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.
Keep reading to learn about your diamond and what it is worth.
Diamond value: How do you get a diamond appraisal?
Ultimately, a single diamond is worth what someone is willing to pay you for it. In addition to getting your diamond appraised or reviewed by a laboratory. Searching for similar, recent sales on eBay or other auction sites, you can get a sense of how much your diamond is worth by educating yourself about your gemstone and the current marketplace.
If you would like to have your diamond appraised while you are in the room, or locally, you can find a professional appraiser or jeweler near you that offers appraisals and make an appointment.
If you don’t want an in-person appraisal, it’s also possible to send your diamond out for appraisal. If you want to go this route, you first will need to find a trustworthy appraiser who will accept diamonds through shipping (FedEx, UPS, USPS) and connect with them to understand their process.
Some appraisers provide you with a shipping label (including insurance) that you can use to send the diamond; others will require you to coordinate shipping on your own. This is why it is so important to understand the appraiser’s process before you make a selection. If you are responsible for purchasing shipping for your item, it is critical that you also purchase an appropriate level of insurance in case your item were to get lost, stolen, or damaged during transit.
How does a diamond appraisal work?
A diamond appraisal involves a thorough inspection of your diamond by a jeweler or other individual who is trained in gemology. They will evaluate the quality of your diamond (including its carat size, color, cut, and clarity). Using that information and an understanding of the current market conditions, they will then assign a value to the stone.
If your diamond is mounted in a ring or other piece of jewelry, the stone may need to be removed during appraisal for accurate results. While not typically a major concern, it’s important to be aware of this.
Again, an appraisal value is what the stone or jewelry would sell for in today’s market.
How long does a diamond appraisal take?
An in-person appraisal can be conducted in as little as 30 minutes to an hour, though it will often take a week or more to receive the final report. If you are sending your diamond out for appraisal, it can take anywhere from a few days to a few weeks to complete.
How much does it cost to have a diamond appraised?
Diamond appraisers typically charge a flat fee, either by the hour or by the piece. Average hourly rates for a diamond appraisal can vary from a low of $50 per hour to a high of $150 or more per hour.
Diamond appraisal vs. diamond certification
Though some people may use these terms interchangeably, appraisal and diamond certification mean very different things. If you are interested in selling your diamond, it’s important to understand the difference.
What is a diamond certification?
A diamond certification, also called a diamond grading report, or a lab report. This is a document that details the technical aspects of a diamond. Such reports are created by independent, accredited gemological laboratories like the GIA. Diamond lab reports identify the diamond’s weight in carats and dimensions, and grades the stone based upon its color, clarity, and cut ( the 4 Cs). Diamond certificates also detail any artificial treatments or finishes that the stone has undergone, and will identify whether the stone is natural or laboratory-made.
What diamond certification is best?
Many different gemological labs offer a diamond certification service wherein they will evaluate your stone. The Gemological Institute of America (GIA), International Gemological Institute (IGI), American Gem Society (AGS), Gemological Science International (GSI), and European Gemological Laboratory (EGL) are all popular and well-known laboratories.
Of these options, the GIA is often considered to be the best laboratory for diamond certification. This is due to the fact that the GIA has some of the strictest grading criteria compared to other labs, as well as as the fact that the organization is an education and research institute without a financial incentive to grade diamonds a particular way.
What is a diamond appraisal?
A diamond appraisal is essentially an estimate of a diamond’s worth. The appraisal price will be based upon both the quality of your diamond as well as the current diamond market. An appraisal will usually take into account the information found in a certification, if one exists. Appraisals are often conducted when a diamond is being sold, or for insurance and tax purposes.
What is the difference between a certified diamond and a regular diamond?
There is no technical distinction between a certified diamond and a “regular” diamond, other than the fact that one has been graded by an independent third party while the other has not.
How do I get my diamond certified?
In order to get your diamond certified, you will need to select a gemological lab to conduct an analysis of your stone and grant it a certification. Because each laboratory’s process and grading requirements vary, sometimes extensively, it’s important to do your research so that you can choose the laboratory that you are most comfortable working with.
GIA diamond certification
The GIA is perhaps best known as being the inventor of the “4Cs” method of evaluating and certifying diamonds based on their color, cut, clarity, and carat weight which is now the industry standard. In addition to these characteristics, the GIA also considers the diamond’s symmetry, depth, fluorescence, and polish in assigning a grade. A GIA report will include a number of illustrations and diagrams that indicate the stone’s clarity, proportions, and any flaws.
It is important to note that the GIA only evaluates loose stones. As such, if your diamond is mounted in a piece of jewelry, it will need to be dismounted for evaluation. A jeweler can help you do this if necessary.
The GIA website specifically recommends that individuals interested in their certification submit their stone through a trusted jeweler who is familiar with the process to prevent any issues.
The cost of GIA certification depends on the size of the stone, and ranges from $48 for a 0.15-0.22 carat diamond to $110 for a 1.00-1.19 carat diamond, all the way up to $3,050 for a 50+ carat stone. For an additional fee, the GIA will laser-inscribe your stone with its unique GIA report number.
EGL diamond certification
The EGL will evaluate both loose and mounted diamonds, which can make them ideal if you have a mounted stone and are reluctant to remove it from its setting. It is important to note, however, that because the stone is mounted it will be impossible to fully evaluate the surface of the stone, or the exact carat weight, which may result in a less compelling report.
To submit your stone for certification, you will need to open an EGL customer account. Then, you will need to complete a submission form and pack that form with your stone. The EGL provides you with a shipping label, which you will need to affix to your package. Then, you will need to ship your package via a trusted shipping service such as FedEx or UPS. It is recommended that you insure your package in case it is lost or stolen during transit.
The cost of an EGL certification depends on the size of the stone, ranging from $60 for a stone up to 0.69 carats to $65 per carat for a stone that is at least 1 carat in size. Reports for colored diamonds or black diamonds may incur different fees.
IGI diamond certification
The IGI certifies diamonds based upon the same general characteristics as other laboratories, including the stone’s color, cut, clarity, and carat weight. In addition to this, the lab will evaluate whether or not a stone is natural or lab-made. These details are all communicated in a detailed report that also outlines any other relevant information about the stone.
The IGI is popular amongst many large jewelry companies, including Zales, Kays, and Jared. As such, the lab processes many stones in rapid succession. Because of the speed at which the IGI processes their reports, as well as their somewhat relaxed grading standards compared to other labs, many reviewers approach an IGI report with scepticism.
As with other labs, the cost of an IGI certification will depend on the diamond’s carat weight. Prices range from $35 for a stone up to 0.22 carats in size, to $125 for a stone 0.96-1.45 carats in size, to $575 for a stone that is 7.95-9.94 carats in size.
AGS diamond certification
The AGS is often considered to be one of the best gemological laboratories for diamond certification, held in similar esteem as the GIA. Like the GIA, the AGS is a nonprofit trade association.
Just as other labs, the AGS grades diamonds based on their carat size, color, cut, and clarity. Cut, color, and clarity are each graded on a scale of 0 to 10, with 0 being the highest possible grade and 10 being the lowest possible grade. The report also details the stone’s shape and style as well as its measurements, and makes use of diagrams to visually depict information about impurities, etc. The AGS will grade both mounted and loose stones.
Unfortunately, the AGS will only complete certification for those in the industry; i.e., American Gem Society retail jewelers. This means that in order to receive an AGS diamond certification, you will need to work with a qualifying jeweler. Such jewelers will know the submission process and be able to guide you through it.
How much is a single 1-carat 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!
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.
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, and will collect only the value of melting it.
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.
Note these are retail prices for loose, 1-carat diamonds. Resale prices will be much lower.
By comparison, here are some recent resale prices from online auction site Worthy.com:
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 of rings with single center stones of approximately 2 carats:
2.02 carats cushion-cut solitaire ring, I color, SI2 clarity, sold at auction for $6,754
2.54 carats cushion-cut bridal set, J color, SI1 clarity, sold at auction for $8,827
2.01 carats round-cut, F color, SI1 clarity, sold at auction for $14,820
How much is a .5-carat diamond worth?
According to the same listing on BlueNile, half-carat loose diamond retail prices range from $634 to $2,746. If you sell via CashforGoldUSA, expect to get a few hundred dollars or less.
How much is a .25-carat diamond worth?
A high-quality quarter-carat diamond may retail between $500 and $1,000, but resale value will be about a third of those numbers.
Melee diamonds value: How much are tiny or small diamonds worth?
Resale diamond prices 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.
What is a melee diamond? What size are melee diamonds?
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.
The Gemological Institute of America (GIA) defines melee diamonds as those that are smaller than 0.2 carats. While this is the biggest melee diamonds get, though some can be as small as 0.001 carats.
Melee diamonds are usually cut the same way as larger brilliant cut diamonds with 57-58 facets — also known as a full cut. A single-cut melee diamond has just 17 cuts, but is not very common.
What are melee diamonds worth?
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?
What is an accent stone?
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.
Are accent stones fake?
There certainly are fake accent stones, but a reputable jeweler will be transparent about the materials of any jewelry she sells you.
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.
Understand what your diamond is worth before you sell
Grading and valuing a diamond is a complex process, one that requires a professional expert and benefits from sophisticated laboratory technology. 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.
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.
Diamond value estimator
Worthy’s interactive estimating tool will give you a very good idea of how much you might sell your diamond for.
Why is diamond resale value so low?
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.
There are a few reasons for this:
- Wholesale jewelry buyers need to make a profit when they resell your ring or earrings.
- The market for diamonds and jewelry changes all the time.
- Resale value fluctuates with supply and demand.
- There is often confusion about the total carat weight.
- Many people also do not know the actual, certified resale value of their diamonds.
How to get diamonds valued
If you have a GIA or other lab report, that is a huge first step in valuing your diamond since you know the 4 C’s of your gemstone, and can look up recent sales on Worthy.com, or eBay.
If not, you can take your diamond to a jeweler for an appraisal, send it to a lab for a report yourself, or get an estimate at Worthy for free.
What’s the difference between real and fake diamonds? How to tell if a diamond is real
While a microscope can definitively determine whether a diamond is real, here are a few tricks to know whether you have a fake diamond:
- Drop the stone into a glass of water. If it floats, it is fake. A real diamond will sink.
- Use the fog test: Blow a warm breath on the stone. If it fogs for a few seconds, it is a fake, as a real diamond will disperse the fog quickly.
- Heat the stone with a lighter, then drop into a glass of cold water. A fake diamond will shatter, while a real diamond — one of the strongest materials on Earth — will resist very extreme temperatures.
- Check the setting. If your diamond is set in a piece of jewelry, the materials of that ring, earrings or bracelet are probably high-quality, including gold, white gold, or platinum.
Moissanite diamond: Is moissanite worth anything?
Moissanite 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.
Is a moissanite diamond a real diamond?
The primary difference between moissanite and diamond is that a moissanite is not a diamond. Moissanites, like diamonds, are brilliant and beautiful, and extremely hard (though not as hard as a diamond), though a skilled eye can quickly tell the difference between the two.
However, there are diamonds that are grown in a laboratory — those are worth far more than a moissanite, but less than a real diamond of similar quality and size.
How to get a diamond appraised
Appraisers use the 4 C’s, and the age and resale value of estate or antique jewelry. The National Association of Jewelry Appraisers can recommend members in your area, so you can make an appointment with a professional appraiser to have your diamonds appraised.
Some jewelers will do this for free, but you may also be charged a flat fee, an hourly rate (expect $50 to $150 per hour), or possibly a portion of the appraised value. Some pawn shops and diamond exchanges also offer jewelry appraisals.
“Appraising” is not the same thing as “grading,” which involves a laboratory report from the GIA or the IGI.
These are internationally known, independent laboratories, equipped with expert gemologists and the latest technology with which they measure, evaluate and grade diamonds and gemstones. Gemological laboratories are the most trusted lab reports in the world, and will cost you around $200 for a 1-carat diamond ring, with the price going up based on diamond size.
The online diamond buyer Worthy works with the GIA and IGI to offer lab reports.
For another reputable online jewelry buyer, read my WP Diamond review.
Bottom line: Is it easy to sell diamonds? How much can you sell a diamond ring for?
While diamonds sales 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. That is easy!
Selling a diamond ring or other diamond jewelry online is just as easy since some of the top buyers send a FedEx mailer to your door for free, and overnight your item to their offices for evaluation, appraisal and quick payment. Also easy!