The time has come and the divorce is finalized. Your lawyer has advised you that it’s time to sell your wedding ring. So say it one time as it will make your fell very good about yourself: “I WANT TO SELL MY DIAMOND RING”. Today is the day we get started on the process and here is how it works. If you have any paperwork on the ring or stone then please gather that. If you can not find it then that is okay.
If you do have it then go to the top right and choose the type of certificate that came with the purchase of your diamond. It is most likely from GIA (the gemological institute of America), EGL, or in some cases you may have an appraisal that the local jeweler gave you. Please note however that if you have an appraisal from a jewelry store that the amount it is appraised for is not accurate and in no way shape or form reflects the true value of your diamond ring.
Steps to Take for Selling your Diamond Ring
Once you have selected your certificate type you will then be taken to our state of the art Diamond Price Quote. This makes it very easy for you to input all of the data about your item and for us to give you a realistic wholesale value for the item. So if you have a cert. number please input that. By doing this we are able to look up the background information on the diamonds, the measurements of the item, we also make sure the information is verified and real, and then we look into any other verifiable history that you may want to know about your item.
Carat size of your item is the next item we want to know about. This is how much your diamond weighs. If its over 1.01 carats then we are going to make you an offer on it. If it is a little bit less do not be afraid we will still help you to figure out how much the item is worth. This is one of those cases where size does matter. Also you want to know the type of cut that your stone is. If you have sidestones then let us know about the center stone, sidestones, and CTW (Carat Total Weight). Here are the different types of cuts: Round, Pear, Princess, Radiant, Marquise, Emerald, Asscher, Cushion, Oval, Heart, European cut, Old Miner, Baguette, Kite, Star.
Next is color which is White or Fancy. If your stone is white then it will range from D-M. If it is Fancy then we have a list of colors from yellow, pink, blue, and others that you can find in the diamond price quote.
Next comes the clarity. This is another very important factor as a large stone with a lot of flaws will not be as valuable as a smaller stone that is internally flawless. There should be a rating based on the flaws in the stone. SI 2 and SI 3 mean slightly included 2 times and 3 times. We will gladly explain all of these definitions to you throughout the sale process before you get a nice cash payment for your old item.
Cut – This is another characteristic of your diamond which ranges from Ideal, Excellent, Very Good, all the way down to poor. Finally we also give you the opportunity to let us know about measurements, depth, table, crown, pavillion, girdle, polish, symmetry, and fluorescence of your diamond.
So now if somebody says to you I want to sell my Diamond Ring now you know what to look for and how to get a value for the item. Also please note there is extra money in the gold or silver in your ring.