Emotions and feelings often run high when you find yourself considering selling a wedding ring. Your wedding ring can be a source of intense joy, but it can also be a reminder of a time you’d like to forget or move on from. Whether you’ve gone through a painful divorce, lost a loved one, had an engagement fall through, or are willing to let go of a family heirloom, Worthy can help you.
We understand that selling your wedding ring can be very difficult, whether you sell it online or in a store. On top of potentially painful feelings, it can also be a very confusing situation if you’ve never sold diamonds or or jewelry before. Our primary goal at Worthy.com is to make the process easy, simple, and straightforward for you.
Our online platform is secure, smart, and fast, so you can sell the items you’ve fallen out of love with for money you can use right away. Use these links to navigate to different sections below:
- Where can you sell your wedding ring?
- Why sell your wedding ring with Worthy?
- How to sell your wedding ring with Worthy?
- What factors affect your wedding ring’s value?
- How to get a fair price for your wedding ring?
We’re here to answer your questions every step of the way. You can trust our team to help you sell your wedding ring for the best price with our stress-free, customer-centric business model.
Our Shared Success
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Where Can You Sell Your Jewelry?
You’ve got options when it comes to selling your ring. Be mindful of where you’ll get the best price and who you can trust the most—some options aren’t as trustworthy as others.
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One local option for where you can sell your wedding ring are jewelry stores near you. Most jewelry stores exist with the main purpose of selling new jewelry that they’ve purchased wholesale. A few stores do offer good value for used items, and these are generally very safe to deal with.
The main drawback is that it can be very difficult not only to find a store that is interested in buying your wedding ring, but also to find one that is capable of offering fair market value.
If you prefer to work locally, a trusted jewelry store near you is going to be your safest bet. However, know that you will have to shop around, get estimates, and compare in order to receive the best possible deal.
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Another option for where you can sell your wedding ring is a consignment shop. But there are two main drawbacks to selling a ring through consignment shops. First is the amount of time it’s likely to take the right buyer to come in the door; second is the very high cost of consignment. On average, consignment stores charge 20 to 50 percent of the sale, and you receive whatever is left.
Like jewelry stores and pawn shops, consignment stores are usually safe to work with. We recommend reading reviews and thoroughly checking the shop’s policies before making a commitment to sell your wedding rings.
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Pawn shops are an option similar to consignment shops for selling your wedding ring. Pawn shops have been popular for thousands of years, with everyone from ancient Greeks and Romans to royalty using their services as a fast method of receiving cash for jewelry. These days, pawn shops are well-regulated, mostly safe places to do business.
On the other hand, it’s not likely that you will receive much for your jewelry should you decide to pawn it. Still, pawn shops are a reliable source of very quick cash in the event you need to liquify your wedding rings and turn them into usable money in the span of a day or less.
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eBay is a great place to buy all kinds of things, and it was once a good place where you could sell wedding rings online. These days, many sellers find themselves disappointed by low bids or no bids at all. Furthermore, trust has become an issue; not with the platform itself, but with buyers not trusting sellers that have not established a good reputation.
Only about five percent of diamond jewelry offered for sale on eBay sells, leading to major frustration for the seller. It’s true that you get to set your opening price here. However, you are saddled with everything from photographing your item and describing it to covering insurance, shipping, and other costs.
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The best place to sell your wedding ring online is Worthy.com. At Worthy, we handle everything from shipping to insurance to professional 3D photography—and more. Your item is insured for up to $100,000 throughout the entire process, and our marketing experts have the tools and ability to attract multiple professional, pre-vetted buyers to bid on your wedding rings so that you receive the best price possible. Pre-sale evaluation by top gemological laboratories such as GIA enhances buyer trust.
From start to finish, the entire process typically takes less than two weeks. Once bidding has ended and the sale is complete, money is transferred to you via the method you prefer.
Of the choices above, Worthy.com is the safest and smartest option. We’ve worked hard to make our online presence in the auctioning world reputable, reliable, and trustworthy for buyers and sellers alike through providing outstanding service from beginning to end. Should you choose to go with our auctioning platform, we will walk you through the process every step of the way.
Why Sell Your Wedding Ring with Worthy?
Many of our clients find us after a quick Google search for where to sell their wedding ring. That’s because many satisfied customers have left outstanding reviews after their Worthy experience.
Mary DeCosta is one example. Her experience outlines the reasons why so many people decide to sell old wedding rings and other unworn jewelry with Worthy’s unique, high-value auction platform.
“I really wanted to sell my wedding ring via a trusted website where I could get my ring graded and sold fast,” says Mary. “I had some important home renovations to get done before winter started, and I didn’t have time to waste. After taking a look at Worthy’s website, I realized they were exactly the sort of company I was looking for.”
Like Mary, many clients mention how they appreciate seeing features such as Worthy’s excellent BBB rating, as well as the process itself, which lets multiple buyers compete for the items at auction. Worthy’s benefits include:
- Better offers – Worthy’s professional buyers’ network sets our platform apart. With access to our nationwide network of professional, pre-vetted jewelry buyers, you benefit as multiple buyers compete for your wedding ring. This way, you get more for your wedding ring than you would when offering it to a single buyer.
- Prepaid, fully insured shipping – When you submit your ring, you’ll be provided with a printable shipping label. Full insurance of up to $100,000 covers your item every step of the way, from the moment your ring is in the shipper’s hands to the moment it is sold to the highest bidder.
- Complimentary grading – Understanding key features of your ring is vital to receiving a fair price for it. We partner with the world’s best gemological labs such as GIA, where your item is graded, cleaned, and photographed prior to sale.
- Simple process – Instead of driving from one jeweler to the next in hopes of receiving a fair offer, simply print a shipping label, schedule a FedEx pickup, and we’ll do the rest. Grading, cleaning, photos, and marketing are taken care of on your behalf.
- Work with a dedicated auction manager – When you sell your wedding ring with Worthy, you’ll work side by side with an auction manager who will walk you through every step of the process and keep you updated along the way. You will always know what’s happening with your jewelry.
We pride ourselves on the exceptional level of expertise and personalized service that we provide. It’s one of the many features that sets Worthy apart.
We only trust the best diamond grading lab in the world, GIA, to grade valuables prior to auction. Diamonds sold with GIA grading reports are considered more valuable and can command higher prices.
How to Sell Your Wedding Ring Online with Worthy
- Tell us about your item – Visit Worthy.com and answer a few basic questions about your wedding ring for our experts to review.
- Schedule shipping – We will arrange for the secure shipment of your wedding ring to our offices in NYC. You can choose between a FedEx pickup from your home or drop off a FedEx location near you.
- Prepare for sale – Once your wedding ring arrives, our team of experts professionally clean, evaluate, and photograph it in order to attract as many buyers as possible.
- Online auction – When your online auction begins, you can sit back and watch the offers roll in.
- Get paid – Once your item sells, you will be paid within a few days, depending on the payment method you choose.
What Determines a Wedding Ring’s Value?
When you get in touch with our team at Worthy to discuss selling your wedding ring, we’ll want to know everything about the ring itself. The more information we have and the more we know of the story behind the ring, the better prepared we’ll be to sell it for the best possible price.
There are also a number of physical factors that determine the value of a wedding ring, including:
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Cut, Carat weight, Color, and Clarity are four key considerations in determining a diamond’s value. If your ring has a diamond or multiple diamonds set in it, we’ll need to figure out what they are worth individually. The better the diamonds in your wedding ring, the more money you are likely to receive. Diamond shape matters, too; if your diamonds are in a shape that’s currently trending, demand will be higher and you will be more likely to enjoy higher bids as a result.
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Designer brands like Tiffany’s typically sell for more, but this is just one of several factors that buyers consider when determining how to bid.
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When selling your wedding ring, it’s important to understand that condition plays a major role in how buyers bid. Most buyers want rings that are in good or excellent condition. If your rings are scratched or worn, they’re still likely to attract attention since some of our buyers want raw materials that can be used in new designs. Your personal account executive will work with you on this.
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You might think that brand-new wedding rings would fetch the best prices, but this isn’t always true. In fact, some buyers prefer antique or vintage rings for their unique features. Our marketing experts use terminology designed to attract buyers who are interested in wedding rings of different ages, so the market determines the ultimate price.
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Buyers are eager to purchase unique wedding rings, so interesting design details tend to attract lots of attention at auction.
All of these factors play a role in the price you’ll receive for your wedding ring. Your personal account executive—who will be working with you from start to finish throughout the process—will keep you informed about each of these elements and where your ring falls in each category.
How to Get A Fair Price When Selling Your Ring
There’s one simple, straightforward reason why so many people decide to sell wedding rings online instead of heading to a local jeweler or pawn shop near them: When you sell online, you’ll receive more offers. This makes it far easier to receive the true market value of your ring, as often fair and competitive offers come with a high-demand pool of buyers.
Worthy’s auction platform design is based on the concept that with a larger pool of buyers, there is a far greater likelihood that sellers will receive desirable offers. At the same time, our buyers appreciate Worthy’s transparent process, bidding confidently on items that have been graded by IGI or GIA.
Discover how much money you could make selling your wedding ring through Worthy by reaching out to us today. We’re here to answer your questions, walk you through the selling process, and help you receive the highest possible return on your ring.