If you’re newly divorced or have been for years, inherited gems, jewelry, gold or watches from a family member, or received a present you don’t love, you might wonder where to sell your jewelry or your wedding and engagement rings.
If you’re thinking of selling it, where is the best place to sell your diamond ring, loose diamonds, jewelry and watches?
Quick answer: There are several quality online gold and diamond jewelry buyers, and WP Diamonds (White Pines Diamonds) is one of the oldest, and reputable. With an A+ Better Business Bureau rating, and quick payment, we recommend WP Diamonds. Start selling with WP Diamonds now >>
What is WPDiamonds.com?
WP Diamonds is part of the diamond industry of wholesalers that directly buys your diamond ring, and then sells it to consumers, manufacturers or dealers.
WP makes money by including their fees within the offer price and then they further make money by reselling it for more to other dealers at a later date. So as the seller are you getting the most you can from WP Diamonds?
How does WP Diamonds work?
As with most online diamond buyers, with WP Diamonds you sell your ring directly to the company, a wholesaler. Because of this, you rely solely on their in-house expertise and evaluation. Once they review your piece and they quote you a price, and it is yours to accept or reject their offer.
An offer with WP Diamonds starts with filling out a form on WPDiamonds.com where you will describe the item you wish to sell. An expert will then be in touch with a price quote for you to consider.
If you like the price quote, WP Diamonds then emails you a free, fully insured and trackable FedEx label with detailed instructions on how to send in your jewelry to their New York, UK, Hong Kong or Tokyo headquarters. The item is insured based on the high end of the price quote provided.
When the company receives your jewelry, WP Diamonds will open and inspect the contents of the box on camera for your protection. There, your diamond undergoes an in-house evaluation by a GIA-trained WPD staff gemologist. Your bespoke client representative will then contact you with your final offer.
If you accept WP Diamonds’ offer, you can receive payment via a wire transfer or check by mail. If you choose not to accept their offer, WP Diamonds will return your item to you free of charge and insured.
How WP Diamonds works:
- Go to WPDiamonds.com and complete the online form
- A WP Diamonds client representative will contact you with a price quote
- If you are interested in receiving a final price, WP Diamonds will send you a free, fully insured FedEx label.
- Print out the label and double-pack your ring or other jewelry.
- Drop off the package with FedEx. It is insured for up to $100,000.
- Within 24 hours, WP Diamonds will conduct an in-house authentication process and valuation.
- WP Diamonds will contact you with a final offer, no fees or commissions deducted. If you accept, receive payment by wire, check or cash (in person appointments only). If you refuse, the items are returned free of charge. Cha-ching!
But is this the best price you can get? Is their in-house appraisal unbiased?
The biggest differences between WP Diamond and Worthy are:
Time: WP Diamonds service can take as little as 24 hours from start to finish. Worthy’s service can take days, weeks or months with no guarantee of a sale.
Fees: WP Diamonds buys your items directly, no fees or costs are deducted form their final offer. Worthy will deduct 5-22% from your final offer.
WPDiamonds offers you one estimate based on one in-house appraiser. Take it or leave it.
Worthy gives you an instant free estimate (see above), then gives you a GIA-certified appraisal to understand the qualities of your diamond or other jewelry.
Worthy sales are via a jewelry auction, where a marketplace of hundreds of bidders drive the sales price.
Is WPDiamonds legit?
You may be asking yourself:
Is WP Diamonds reputable?
Is WP Diamonds a scam?
The answers are: WP Diamonds is a legit business, and it is not a scam. WP Diamonds has an A+ Better Business Bureau rating, a 4.8 TrustPilot score, over a thousand happy customer reviews and testimonials.
WP Diamonds has an A+ Better Business Bureau rating and many positive client reviews and testimonials about customer service. The company has been in business since 2010, and is a truly international buyer with a walk-in service in its New York City, Tokyo, Hong Kong and UK offices; in addition to accepting diamonds by mail through its online buying services.
Their entire process can take as little as 24 hours, from completing their online form to receiving payment.
Sell online or in person. Schedule an appointment or send your items in free of charge, fully insured, with their overnight shipping and receive payment as soon as the following business day.
WP Diamonds is unique in that they also deal in luxury handbags, and have an upgrade program — and will offer you a higher price if you opt for store credit instead of cash.
WP Diamonds also buys a wide range of quality and cuts of diamonds.
By comparison, Worthy also has an A+ BBB rating, many positive client reviews and testimonials, and also has a walk-in service only in its New York City offices, as well as offering its online auction to anyone, from anywhere. Worthy only works with clients whose items will sell for at least $1,000.
WP Diamonds buys your jewelry directly, unlike with Worthy where there is no guarantee of a sale.
Both WP Diamonds and Worthy.com have good reputations, both are legit and, both are trustworthy.
WP Diamonds offers payment by Paypal, check, wire and cash (appointments only).
WP Diamond cons vs Worthy
WP Diamonds does not give you a GIA report.
WP Diamonds also buys luxury handbags, and has an upgrade program.
No online, instant quote. Worthy’s dynamic online diamond, gold and jewelry calculator gives you an estimate immediately.
What are the differences between WP Diamonds vs Worthy?
There are many places to sell your diamond jewelry or loose diamond online.
The main difference between WP Diamonds and Worthy is that Worthy is an online marketplace which attracts multiple bids for your item. Also, Worthy provides a free lab report officially document the scientific qualities of your diamond — a certification you can keep regardless of whether you decide to finalize your sale.
WP Diamonds specializes in diamond rings and loose diamonds, as well as branded designer jewelry, such as Tiffany, Graff, Harry Winston and Bulgari. They also purchase luxury handbags and watches.
WP Diamonds also has an upgrade program, in which they will offer you a higher store credit than they would in cash, which you can then apply to purchasing an item from their site.
Both businesses are active in valuing, marketing and helping you auction your estate and antique jewelry, bracelet, earrings, gemstone ring, watch or necklace. In fact, Worthy will evaluate your entire jewelry box of items to help you get cash out of all the jewelry you do not want or use.
Worthy also professionally photographs in HD, 36-degree images your item, which is vetted by a professional community of buyers that bid against each other to purchase your piece. Typical auctions run 2 days and see 12+ competitive bids from buyers across the country.
WP Diamonds offers the option of selling online or in person at their offices located in the US, UK and in Asia.
WP Diamonds’ fee is included in the final price, so the price you hear is the amount you get paid. Worthy will provide a final price and then deduct fees.
In other words, WP Diamonds’ price is based on their team of expert GIA trained gemologists with decades of industry experience. While at Worthy, an auction platform, brings hundreds of buyers to your virtual doorstep to view and bid on your diamond.
You can learn more about Worthy and my experience selling a diamond ring in my Worthy.com review.
|Multiple bids||No – best price offered upfront||Yes|
|What they buy||Designer jewelry, diamond jewelry, loose diamonds, luxury watches and handbags||Diamonds, jewelry, watches, luxury handbags|
|Minimum||At least 0.50ct for round diamonds and 0.75ct for fancy shape diamonds.||Estimated sale value of $1,000+|
|Diamond upgrade program?||Yes — get more for your jewelry with credit||No|
Ready to sell your engagement ring?
There are three ways to sell an engagement ring, diamond, gold, jewelry or watches:
- Sell direct. Sell to a gold or jewelry buyer that directly from you, based on the price they offer, like New York diamond buyers and sellers WP Diamonds and Lyuria, a local jewelry store, or a pawn shop near you.
- For gold jewelry and coins, and smaller diamonds, CashforGoldUSA is a quality choice that has an A- BBB rating, and pays a 10% bonus when you send in your item within 7 days. Learn more from our Guide to selling your gold, or check out CashforGoldUSA now >>
- Consignment. Sites like RealReal and 1stdibs help sellers connect with buyers online.
- Sell by auction. For centuries, the wealthy have sold their inherited art, furniture and jewelry at auction houses like Sotheby’s, Christie’s, Bonhams and Phillip auction houses in New York and London. However, those places only work with very expensive pieces that most Americans do not own. However, Worthy is an online jewelry auction marketplace that takes professional photographs of your jewelry, then puts it to auction where hundreds of verified diamond and jewelry buyers around the world bid on your item — driving up the price.
|Jewelry buyer||Multiple bids?||Time to cash||Insurance|
|Worthy||Yes||5+ business days||$100,000|
|No||1 business day||$150,000|
|Diamond Buyers International||No||No||$5,000|
|Abe Mor||No||2-4 business days||$25,000|
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