Are you destined to get ripped off if you try to sell your Tiffany engagement ring or other Tiffany jewelry?
No. Read on to learn how to sell your diamond ring safely, for the highest price …
Tiffany is one of the most trusted, beloved brands in the jewelry industry.
A recent survey of nearly 8,000 consumers ranks Tiffany and Co. jewelry as having the highest ratings for luxury, as defined by measures including product quality, product distinctiveness, brand heritage, enduring appeal, status, exclusivity, and a feel-good factor.
After all, Holly Golightly wasn’t enamored with the famed breakfast spot for nothing!
Like Audrey Hepburn’s iconic character, maybe you’re in possession of a Tiffany piece — and you know it wasn't cheap. The value of branded jewelry is typically higher than unsigned pieces, and Tiffany engagement rings are the most popular of all branded diamond rings.
If it’s a piece you never wear, you might want to cash in on all that tradition and value, declutter your jewelry box, and sell it.
I outline in this post all the pros and cons of keeping vs selling your old jewelry, as well as the best jewelry buyers both online and in person. If you've made up your mind, go straight to Worthy.com now, my #1 pick for selling your diamond and other jewelry, and get your free IGI or GIA lab report.
Here is what you should know:
- Why you should sell your Tiffany jewelry
- What to know about Tiffany and Co.
- Where to sell your Tiffany jewelry (and make the most money)
- How do I sell Tiffany jewelry or a diamond engagement ring near me?
- Bottom line
Why you should sell your Tiffany jewelry
Parting ways with your jewelry can be hard, I know.
Letting go of your jewels might not always be the right call, but there are times you may want to say goodbye to a piece:
You’re keeping it because it was a gift or inheritance, but that doesn't serve you anymore
This is a tricky one.
When you inherit a piece of jewelry from a dearly departed loved one, you might feel an obligation to keep it.
I wrote a whole post on why you might sell your heirloom, antique, or estate jewelry, where a friend of mine faced the same dilemma with a piece of jewelry from her grandmother that was a bit too ornate for her taste and lifestyle.
And I gave her the same advice I’ll give you right now: If the reasons for keeping the piece have nothing to do with your memories of the person who left it to you, it’s okay to let go. The same applies to gifts.
If your ex or old boyfriend gave you a pair of Tiffany heart-shaped earrings you detest, why are you keeping them?
Dust off that blue box and put them on the market!
It isn’t your style
Tiffany and Co. is timeless, but that doesn’t mean the piece you bought will always match your style.
You clean your closet of old clothes you know you’ll never wear again.
Why not apply that attitude to your jewelry box?
It’s the engagement ring from your divorce
Take it from someone who’s been there, selling your engagement ring or wedding band can be one of the best decisions you make, for both your peace of mind and pocketbook.
And if your ring came from Tiffany and Co., it’ll be worth a lot to a diamond buyer like Worthy, my go-to online auctioneer.
It’s worth more to you sold.
Even if your Tiffany piece is your style and doesn’t necessarily have any negative emotions attached to it, you could benefit more from selling it.
If you happen to have some extra Tiffany jewelry laying around and need cash, selling it might be a savvy financial decision — even if you get less than you (or your ex) paid for it.
What to know about Tiffany and Co.
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 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 sell 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.
Keep your blue 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 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.
Where to sell your Tiffany jewelry (and make the most money)
Once you've decided that you are ready to sell your Tiffany engagement ring or other jewelry, where do you go? How can you find someplace that you can trust — and get the most money?
Thankfully, there are a handful of 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:
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 auctions are a better option.
If you want to sell your diamond ring for cash, you may want to get a quote from a local jeweler to start your journey in selling 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. When you meet with the jeweler.
In this early stage of selling, I encourage you to educate yourself about your jewelry.
What are the online options for selling Tiffany jewelry?
There are many online diamond buyers, and a few of them are worth working with. I elaborate on the big players in the online diamond jewelry seller marketplace.
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.
If you're ready to get that appraisal, go to Worthy now.
Keep reading for more information on how to sell your Tiffany diamond engagement ring …
How to sell your Tiffany diamond ring online
If you’ve read any of my posts about selling jewelry, you know that I am a fan of 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.
They even have a section of their website dedicated to showing online jewelry auction results, with images of recent Tiffany purchases and how much they made.
Right now they’re displaying a 1.27 carat Tiffany engagement ring they recently sold for over $8,000.
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 purchased, you’ll get paid within a week by PayPal or check.
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.
GIA lab reports and certification
There are just a couple internationally recognized jewelry grading laboratories, and these include the Gemological Institute of America, or GIA, based in New York City, and the International Gemological Institute, or IGI, based in Antwerp, Belgium.
Worthy works with both of these laboratories, which provide the most respected, independent, third-party certifications. Name brands like Tiffany are taken into consideration when the estimated value is quoted. A Tiffany mark definitely increases the value of jewelry in most cases.
Agin, a certification, or grading report, is not the same as an appraisal.
Some of appraisers and jewelers are certified by GIA, but that does not make their appraisal “GIA certified.” GIA and IGI laboratories are equipped with extremely sophisticated grading equipment, and they provide value estimates based on databases of millions of recent sales.
Expect to pay $100 to $200 for most reports, though more valuable jewelry will cost more to grade.
If you chose to sell your engagement ring or other diamond or gemstone jewelry at Worthy, a IGI or GIA certificate is included — and yours to keep.
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 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. Get your free Worthy appraisal now.
Emma Johnson is a veteran money journalist, noted blogger, bestselling author and an host of the award-winning podcast, Like a Mother with Emma Johnson. A former Associated Press Financial Wire reporter and MSN Money columnist, Emma has written for the New York Times, Wall Street Journal, Forbes, Glamour, Oprah.com, U.S. News, Parenting, USA Today and others. Her #1 bestseller, The Kickass Single Mom (Penguin), was named to the New York Post's ‘Must Read” list.
Emma regularly comments on issues of modern families, gender equality, divorce, sex and motherhood for outlets like CNN, Headline News, New York Times, Wall Street Journal, Fox & Friends, CNBC, NPR, TIME, MONEY, O, The Oprah Magazine and The Doctors. She was named Parents magazine’s “Best of the Web,” “Top 15 Personal Finance Podcasts” by U.S. News, and a “Most Eligible New Yorker” by New York Observer.