Are you destined to get ripped off if you try to sell your Tiffany engagement ring or other Tiffany jewelry?
Short answer: No.
Where to sell Tiffany jewelry
Thankfully, there are reputable places where you can be assured you will get a great price selling your diamond Tiffany jewelry with a company with a good reputation.
Let’s go through them:
Sell Tiffany jewelry back to Tiffany?
Tiffany will issue a full refund within 30 days of purchase, with receipt, as long as your jewelry is in resalable condition.
While Tiffany & Co. does not have a buy-back program, Tiffany does have an upgrade program for engagement rings. Tiffany will give you store credit equal to your original purchase price, which you can use toward the purchase of a new Tiffany engagement ring.
Sell Tiffany at a pawn shop
Typically, pawnbrokers will give you quick cash, but also pay the lowest sum for jewelry, especially a branded piece like Tiffany.
Jewelry store near you
A local jewelry store can be a good option for selling your Tiffany jewelry, especially if you have a relationship with a jeweler you trust. Keep in mind that local jewelers have high overhead for their real estate and staff, and the competition for local jewelers is much lower than online buyers who compete globally and have been found to pay a higher percentage of the resale value of jeweler.
Sell at a jewelry auction
Auction houses like Soetheby’s and Christies are typically interested in very high-end pieces, especially those with important provenance and documented history.
Sell Tiffany online to a professional jewelry buyer
The benefits of selling your Tiffany jewelry or other fine pieces with an online buyer is that they are more likely to get you the best price, since their reach is national or even global, while a local jeweler is simply limited to that one location and likely one set of eyes to determine the value and offer.
As I will elaborate on below, I advocate for selling jewelry with Worthy.com above other jewelry buyers for many reasons, including that it is not simply a buyer, it is an online, live auction marketplace, where hundreds of vetted buyers bid for your jewelry, and drive up the price. Also, Worthy has an excellent reputation, with an A+ BBB rating, prompt and thorough customer service, and works with you to provide the most accurate appraisal, thanks to a 100% free GIA certification.
How to sell your Tiffany jewelry online using Worthy.com
My experiences with Worthy have been stellar, and I can’t recommend them enough.
Worthy is a piece of cake to use, they’re quick and reliable, and they sell your jewelry in an online marketplace with hundreds of certified buyers, ensuring you get the best possible price on your sell.
The luxury online auction house understands the value of Tiffany and Co. jewelry and treats it with the utmost care.
I can attest to Worthy’s quality care after visiting the company’s headquarters in New York City and seeing how they handle the jewelry.
So how does it work?
Listing your Tiffany and Co. jewelry with Worthy is simple.
- Start by logging into the site, sharing a few photos of your jewelry, and describing it. Based on that description, Worthy will give you an estimate of the market price for your item.
- If you’re interested in selling, Tiffany will send you a FedEx mailer insured up to $100k and addressed to their NYC headquarters.
- Once you mail in your jewelry, the GIA team (the most established diamond graders in the world) will grade and certify your jewelry, providing a report for you and your buyers.
- With a minimum price based on GIA’s report, you can either sell for the appraisal price, collecting the highest value if it exceeds that minimum, set your own minimum (without guarantees), or set a buy-it-now price.
- Once your Tiffany and Co. jewelry is sold, you’ll get paid within a few business days by PayPal or check.
If you never wear your Tiffany engagement ring or other jewelry, declutter your jewelry box, and sell it.
How do I sell Tiffany jewelry or a diamond engagement ring near me?
It makes sense that you would want to work with someone locally, who you may know or is a trusted member of your community. I know I always like doing business on important matters with a human, face-to-face. There are some pros going local, but ultimately, online diamond buyer marketplaces are a better option to resell your Tiffany jewelry.
If you want to sell your diamond ring for cash, you may want to get a quote from a local jeweler or pawnshop to start your journey to resell your Tiffany engagement ring or other Tiffany jewelry. To find someone you can trust, ask around, check out Yelp reviews for area jewelers, as well as your Better Business Bureau.
In this early stage of selling, I encourage you to educate yourself about your jewelry. Check out this guide on selling diamonds.
Do you have a Cartier LOVE bracelet or tank watch? How to sell your Cartier jewelry safely, online
What to know about Tiffany and Co.
Tiffany is one of the most trusted, beloved brands in the jewelry industry.
A recent survey of nearly 6,000 consumers by research firm Kadence International, ranks Tiffany and Co. jewelry as having the highest ratings for luxury brands, as defined by measures including product quality, product distinctiveness, brand heritage, enduring appeal, status, exclusivity, and a feel-good factor.
Tiffany engagement rings are the most popular of all branded diamond rings, and therefore more expensive than an unsigned piece of jewelry.
You might be wondering how Tiffany and Co. came to be so iconic.
While Truman Capote might’ve helped, the jewelry giant was a classic long before it graced the big screen in the 60s.
It all started in the 1830s when a young New Yorker named Charles Tiffany opened what he labeled as a “stationery and fancy goods” store on Broadway. From its inception, the store was renowned among New York socialites for its fashionable fine jewelry.
As Tiffany’s website reflects, what was unique about Tiffany was its clean, modern American style, which stood out from the heavily embellished Victorian trend (picture massive jewel-encrusted rings, and your great grandmother’s broaches).
Fast forward to 1878, when Tiffany and Co. bought a dazzling yellow diamond from South Africa, weighing in at over 200 carats (be still my heart), and took the world by storm.
Then, in 1886, Tiffany gave us the modern engagement ring, completely departing from Victorian bezel settings to a ring that focused on showing off its radiant diamond.
While the styles may have changed since then, one thing never did: The Tiffany blue box.
The coveted robin’s egg blue box perfectly cinched with a white satin bow is as special a part of the experience as the jewelry itself.
Why am I telling you all this?
Aside from it being an awesome history that piqued my interest, there’s a financial moral to the story:
Women worldwide dream of owning jewelry from Tiffany and Co., which is good news if you’re looking to sell yours!
How to assess what Tiffany jewelry is worth
Before you sell your Tiffany jewelry or watch, take some time to understand it’s resale value and worth:
Does Tiffany jewelry retain its value?
Because of the ongoing, high demand for Tiffany jewelry, and because of the timeless design and high quality associated with Tiffany engagement rings and other jewelry, and ongoing marketing and advertising by Tiffany, Tiffany jewelry retains its value more than any other branded jewelry.
How much is a Tiffany necklace worth? What about a Tiffany bracelet?
A Tiffany necklace or Tiffany bracelet’s price varies greatly by the materials, and it features a diamond or other gemstone, the size and quality and if it is made of gold, silver or platinum. Here are some recent Tiffany necklace sales at Worthy.com:
How much is a Tiffany ring worth?
A Tiffany engagement or other Tiffany ring varies greatly with size, quality and style. You can learn more about how much your engagement ring and diamond are worth. Also, check out some recent Tiffany engagement ring sales at Worthy.com:
How to get Tiffany jewelry appraised? It’s easier than you might think.
How to appraise Tiffany jewelry
For more than a century, the word “Tiffany” has been synonymous with luxury. The jeweler’s elegant styles and its an emphasis on quality stones and metals has made the store a favorite destination for the rich and famous and also for people seeking timeless beauty.
That’s why this jewelry tends to hold its value in terms of resale. An engagement ring or other Tiffany jewelry that’s in good condition can bring a pretty penny (literally!).
Although Tiffany & Co. does not do appraisals, any respectable auction house should appraise Tiffany jewelry for you. You could also opt for a GIA lab report from an auction site like Worthy.
How do I get my Tiffany ring appraised near me?
An appraisal is different than a diamond lab report, or a certification from a qualified gemologist.
Most local jewelers in your community will offer an appraisal, even for free. This can be a good estimate of the replacement value of your jewelry, which can help you get it insured, and understand its value. A local appraisal usually is much, much higher than the actual resale price.
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.
How to tell if Tiffany & Co is authentic
Like anything else of value, there are fraudsters and rip-offs when it comes to luxury jewelry brands like Tiffany. Here is how you can know whether that the Tiffany ring, necklace or other piece is the real deal:
How to tell if a Tiffany diamond is real
Just as a Rolex is both the most popular luxury watch and the most subject to fake, counterfeit copy-cats, the unique, sought-after style of Tiffany jewelry is also often copied by impostures.
The best and easiest way to ensure that you do, indeed, own a Tiffany diamond is to get a certified lab report from the Gemological Institute of America. This is an internationally recognized third-party laboratory with very sophisticated equipment, and for $100- $300 (or more for larger stones) will provide verification that your Tiffany engagement ring is real (or not), but also a full report on the dimensions, metal quality, and estimated resale value based on its global market research.
If you chose to resell your Tiffany jewelry with Worthy.com (details below), the process includes a free GIA or IGI certified lab report that you can keep whether you chose to finalize the sale or not.
If you do have a GIA certification, you can double-check its authenticity with the free and quick GIA Report Check.
Tiffany’s 4 C’s of diamonds
I also advise that in this stage, you educate yourself about the famous 4 C’s of diamonds. This is where Tiffany’s special sauce is ever-evident.
The 4 C’s are a well-recognized foundation for measuring the quality and value of your diamond. Tiffany diamond cutters take these elements to the next level to ensure that every real Tiffany diamond is of the highest quality.
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. Tiffany commits to the highest quality cuts, and guarantees its diamonds for a lifetime.
The color of gem-quality diamonds occurs in colors ranging from the most valuable, D, which are completely colorless, to Z, or light yellow. Deeper shades of yellow (also called “canary diamonds) and brown (“cognac diamonds”), as well as “fancy” diamonds that are naturally blue, red, and pink are graded on their own, separate scale.
Tiffany only sells colorless, or nearly colorless diamonds. Here is Tiffany’s color 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. When Tiffany diamond graders find that a diamond’s clarity falls between two grades, Tiffany will always assign the stone a lower grade—and not inflate a diamond’s clarity grade.
Tiffany claims it never sells diamonds with visible inclusions or blemishes.
This is the diamond clarity scale from the American Gem Society:
The carat is the diamond’s physical weight measured in metric carats. One carat equals 1/5 gram, or .20 grams, and is subdivided into 100 points.
Carat weight is the most objective grade of the 4Cs, and in and of itself does not determine resale value. You can have a 50-carat, low-quality diamond that is worth less than a high-quality diamond that weighs .5 carats.
Any time you resell jewelry, there are some surefire ways to maximize your profits.
But with a Tiffany and Co. piece, you have a few extra steps to take.
Some recent Tiffany sales at Worthy.com:
Keep your blue Tiffany box (and anything else that came with your purchase)
Remember when I said there was a little more to selling a Tiffany and Co. piece than your other jewelry?
Here it is.
There are three reasons why presenting that little blue box matters so much:
The blue box helps establish your jewelry’s authenticity.
That’s important to both diamond buyers and the people who bid on your items. Tiffany and Co. jewelry has several distinct trademarks, from the Tiffany and Co. stamp to the way the actual parts of your piece are made. But one of the first items buyers look for to ensure quality is the box.
Why? Because Tiffany and Co. boxes are hard to acquire. Ebay sellers aren’t allowed to sell them, and they aren’t widely accessible elsewhere.
A genuine Tiffany purchase will come with a box with the store’s name in a perfectly stamped standard font and paperwork verifying its validity.
Buyers want the total package. Literally. Remember, people buying a Tiffany and Co. piece want the full experience, including opening a Tiffany blue box. They may be looking to get it for a bargain, but that shouldn’t limit the quality of the product they purchase
You’ll make more money. As a consequence of the last two reasons, you’ll profit more when your sale includes the box and certificate or receipt. Like I said earlier, make your resale as close to the original as possible.
What if you don’t have the Tiffany blue box?
If you’ve misplaced your box (or never had one to begin with), all is not lost.
While you may not make as much as you would with the box in hand, there are plenty of buyers on the market still willing to purchase your piece for a reasonable price.
Tiffany and Co. jewelry comes with a certificate of authenticity and a blue booklet.
If you can place any one of these items, include it with your appraisal to get the best estimate possible.
Just think, the more information you can provide to your jewelry buyer, the better.
Buyers like Worthy will purchase your Tiffany jewelry with or without the blue box.
If your piece of jewelry is authentic, the company’s team of experts will be able to tell.
They’re trained to spot the intricacies of a legitimate Tiffany and Co. piece.
Bottom Line: Do your research and you can profit from your Tiffany jewelry, even if it’s missing the package.
Bottom line: Best place to sell Tiffany?
Tiffany and Co. has stood the test of time, remaining an iconic piece of American history at every milestone.
Because of that legacy, a Tiffany and Co. piece of jewelry holds a lot of worth, reflected in its resale value.
Worthy is a unique jewelry buyer for many reasons, including that they will help you sell your Tiffany ring or other jewelry at auction, on a live online marketplace with hundreds of vetted buyers. Worthy.com also provides a 100% free certified IGI or GIA lab report, and is happy to help sell your Tiffany jewelry with or without that robin’s egg blue box.
Do you have other jewelry in your box that you could sell for cash?