Where to sell a diamond ring for cash in 2022

We get commissions for purchases made through links in this post. Here's more on how we make money.

Whether you are looking to sell diamond bridal jewelry, estate or antique jewelry you inherited, or another diamond ring, there are quality options for selling your ring for the highest price, quickly.

Where you can sell a diamond ring:

Have questions about selling your diamond ring? Get answers:

Where can I sell my ring for a good price?

For all rings, gold, silver, coins, flatware and jewelry, including wedding rings of gold and platinum, and those with diamonds and gemstones, DiamondsUSA is a quality choice that pays within 24 hours and gives a 10% bonus. Get an estimate for your ring at DiamondsUSA.com >>

If your ring is worth $1,000 more (a .5 carat center diamond) we recommend selling an engagement ring with Worthy.com. See if you qualify to sell your diamond ring with Worthy >>

Both these jewelry buyers have Better Business Bureau ratings of A+ and insure door-to-door FedEx shipments up to $100,000.

Worthy can help you sell diamond ring

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

Bottom line: You can likely sell your diamond ring for the most money through Worthy.com or DiamondsUSA.

Why DiamondsUSA?

DiamondsUSA is the best place to sell your gold — it's a legitimate, reputable online gold buyer for selling gold jewelry that is also one of the oldest in the industry, as this family business was established in 2005:

  • Pays within 24 hours
  • A+ Better Business Bureau rating.
  • 100% free door-to-door free, trackable FedEx or USPS shipping
  • No minimum value
  • Free Jewelers’ Mutual insurance up to $100,000 on each shipment
  • DiamondsUSA's facility insured by Lloyds of London
  • Guaranteed highest price for your gold, silver, coins and diamonds
  • Paid out more than $158 million to sellers since being founded in 2005
  • Fox Business News investigation found they pay 3X competitors:

Get a free appraisal with Diamonds USA >>

Why Worthy.com?

  • Worthy.com is an online auction, so you will get multiple vetted bids on your jewelry — which can drive up sales price
  • Free, 100% trackable FedEx mailer. Your ring is video recorded from the moment it enters the Worthy NYC offices, and insured up to $100,000.
  • Better Business Bureau A+ rating
  • 4.8/5 stars on Trustpilot
  • Each seller receives a free GIA certified lab report — the only way to get a fully accurate diamond appraisal
  • You have full control of the auction minimum sale price
  • Get paid within 24 hours of the sale close.

Worthy only accepts two types of diamond rings:

Check out my Worthy review to learn more about my personal experience selling a diamond ring with the auction platform, or watch this video:

What is the best way to sell a diamond ring?

The best way to sell a diamond ring depends on the size of the stone and how fast you need the money.

Fastest way to sell your diamond ring is to go local and sell it to a jewelry store near you or a pawn shop.

If you are focused on getting the highest price for your diamond ring, sell online. I researched the best buyers of jewelry, using the same 14K, 6-gram, 16″ gold chain necklace:

Four gold chains identical.

They were similar to this 16″ women's yellow gold chain for sale at Kay Jewelers for $399:

16" gold chain necklace for sale.

These transactions happened over the days of Jan. 11 to Jan. 13, 2022, when spot gold prices ranged from $1,795.36/ounce to $1,848.38.

Below is a summary of the results from my experiment:

Jeweler$95Local businessLow offer, gross shop
Pawnshop $110Nice people, meh offer, easyThey have my personal info on record
CashforGoldUSA, which shares a parent company with DiamondsUSA$191.97Very easy, don’t have to leave home, transparent process, 10% bonus.
Accepts all gold and silver items. 
No quote until you send in your item, except for the gold appraisal calculator on their site
SellYourGold.com$81.59Good website, good communication after request madeRequires personal ID, bad tech, very low payout
AbeMor.com$0n/a Didn't do business with themDoes not accept smaller items, and the minimum is not clear. 
Local cash-for-gold stores$0 to $153Could be quick cash for maybe a decent price?Can be dingy businesses of questionable integrity. 

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

Read the details of shopping the gold chain around for the highest price in this post about selling gold.

DiamondUSA and its sister sites CashforGoldUSA.com and CashforSilverUSA.com are qualified, reliable buyers of all things diamond, gold, platinum and gemstone — and will accept your diamond ring.

What to know before you sell your diamond ring

The resale value of your engagement ring depends on the size, cut, clarity and color of the stone, as well as the market value of the precious metal in which it is set — as well as whether yours is name-brand jewelry.

To educate yourself about selling your ring for the most money:

  1. Learn about how diamonds are valued and priced
  2. Understand how to work with a quality diamond buyer.
  3. Understand how to value and sell platinum, and
  4. Understand the value of the gold —Your gold wedding band is worth more or less its weight in gold, based on the karat and weight of the metal.

However, if you want to know the true value of what your jewelry is worth, and how much you can get for it by selling, you really need a certified lab report from either the Gemological Institute of America (GIA) or the International Gemological Institute (IGI).

Worthy works with both the GIA and IGI, which provide the most respected, independent, third-party certifications (a.k.a. lab reports) on your jewelry.

Worthy can help you sell diamond ring

Get your questions answered about jewelry appraisals and lab reports

FAQs about diamond ring resale value

Why is diamond resale value so low?

Typically, the resale value of a diamond is about one-third of the retail price. There are a few reasons for this:

  1. Wholesale ring buyers need to make a profit when they resell your diamond ring so they like to buy low, and then turn around and sell your ring for a higher price.
  2. 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, engagement ring resale value fluctuates with supply and demand, and the popularity of lab-grown diamonds are also negatively impacting diamond sales.
  3. There is often confusion about the total carat weight of a diamond ring or other jewelry. A common misunderstanding is that the jewelry owner believers 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 ring buyers value the smaller stones very little — perhaps less than $100 total in this case — and are only interested in the center stone.
  4. Many people also do not know the actual, certified resale value of their diamond center stone.

How much will I get if I sell my diamond ring?

Here are some recent diamond ring sales from Worthy.com:

0.97 Princess Cut Bridal Diamond Wedding Ring Set sold for $2,325:

0.97 Princess Cut Bridal Diamond Wedding Ring Set sold for $2,325.

A 2.01 carat round-cut solitaire diamond ring, sold for $5,700:

A 2.01 Round Cut Solitaire Diamond Ring, sold for $5,700.

A 4.46-carat round-cut halo ring sold for $17,152:

A 4.46 carat. Round Cut Halo Ring sold for $17,152.
Why is diamond resale value so low?

Typically, the resale value of a diamond is about one-third of the retail price. There are a few reasons for this: buyers need to make a profit, market changes all the time, and sellers don't know everything they should know before they sell.

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.

Leave a Reply

Your email address will not be published.