How to Sell an Antique Diamond Ring

Selling an antique ring can be intimidating. Not knowing if the price you get is fair or if you are making the right decision can turn a gainful idea into a headache. Knowing where to look and who to talk to can get you started on the right track to selling your antique ring and getting a fair price for it.

Instructions

1

Speak with an appraiser first. Have your ring appraised so that you can receive a fair market value for its worth. Do not take the first offer that is made without consulting with a jeweler that has no interest in buying your ring. You want to receive a reasonable and neutral appraisal.

2

Consider selling your antique ring privately. Place an ad in the newspaper as a first option to selling your ring. This way you can ask whatever amount you wish to and see if there are any buyers. This will give you a good idea of the market and see how many offers you receive.

3

Try an on-line seller through consignment or a straight out sale. Places such as Diamonds Chicago offers no cost appraisals and is willing to attain historic jewelry. They work on consignment and give you two offers of a low one that they would be willing to pay on the spot and a high one, which is what they would offer to a buyer in their showcase. This gives you the option of seeing the difference in prices.

4

Sell to a jewelry shop. After you get an appraisal at another unbiased shop, offer your antique ring to a jewelry store that sells estate jewelry and antiques. Once you know how much your ring is worth you can be sure to get a fair offer from the jeweler or go elsewhere with your ring.

5

Consider an Internet auction. With an online auction you can set the lowest amount you are willing to allow for your ring and have the opportunity to receive an even higher amount if there is more than one bid on your item. Include the appraisal total in your ad and any certificate of authenticity.