The best way to sell a diamond ring is the one that meets all of your criteria, as quickly and painlessly as possible. If you don’t mind driving all over town and spending a lot of time email people who don’t actually have the money to buy your ring, then perhaps the classifieds are the best way for you to sell a diamond… but we doubt it. We think that The Diamond Lining is the best way to sell a diamond ring, and here is why:
Once you have made the decision to sell your diamond, it is important to gauge the amount of time that it is going to take to sell the ring. Not just find an interested buyer and come to an agreement on price, but how long will it take for you to actually get paid? As a rule of thumb, the amount of time it is going to take you to get the transaction completed is inverse to the amount of purchasing the opposite party does. For example, selling a ring directly to another consumer is going to take a while, because they aren’t very experienced in buying a ring. They are going to want to meet at least 3 times. Once to see the ring, once to negotiate over price, and once to make the actually transaction. If however you decide to sell to The Diamond Lining our transactions usually take between one and two weeks. We make an offer and have the cash to pay immediately.
The best way to sell your diamond is to a party who is highly responsive. We have heard a lot of stories about people who visit pawn shops and get an offer. When the show up or call back the next day the employees magically have no idea who the person is and offer less money than they did originally. The easier a buy is to get a hold of, the smoother a transaction will be.
As with all things in life, price is a major consideration, but it shouldn’t be the only one. If someone makes you an offer that is too good to be true, it probably is.
If you are just testing the market to see what prices are, then the ‘Best’ way for you to sell your ring might be different than someone who is in a hurry.