Help! How Can I Safely Sell a Diamond Ring Online?

Are you in a position where you need to sell diamonds for cash? Have you looked at several of the alternative ways to do so and think you might want to try to sell your diamond ring online? If so, are you hesitating, wondering if this is a wise—or even safe—thing to do?

Hopefully, by the end of this article, you’ll know you can proceed with confidence.

Delaying could impact the amount you would get for your diamonds. If they have lost all sentimental value, and they are just sitting in a jewelry box, pick a trusted way to sell them.

Find a buyer who knows the diamond business and can give you the best offer.

We’ll cover the following topics:

Is it safe to sell engagement rings online?
Checking for online reviews.
How to protect your diamond ring.
Moving forward.

Is it Safe to Sell Engagement Rings Online?

I’m sure there are brick and mortar establishments that will answer that with an unequivocal no. But it’s in their best interests to say that, isn’t it?

The reality is, it’s perfectly safe to sell engagement rings online. Assuming you’re doing so using sound judgment and common sense, of course.

The process is simple, and as long as you’re working with a credible, reputable buyer, it’s also risk-free. All reputable diamond buying platforms not only insure your diamond, but the complete process is also secured and recorded.

There are no hidden fees, you are offered a competitive sum for your diamond, and typically, your money is transferred to your bank within a week.

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Nothing scary there, right?

Especially when you compare the process to doing something rash like taking your rings to a pawn shop. Which, by the way, is not recommended. Pawnbrokers are not diamond experts and you will get far less money for your engagement ring.

But I do have a word of advice when it comes to selling online. Should a time ever arise when you need to sell diamonds for cash, it’s always best practice to take pictures of your jewelry before you courier or mail them. Also, be sure to check whatever disclaimers any specific diamond buyer may have. What is their return policy? What happens if you decline their offer? Do they charge for shipping and grading?

Get the answers to all those questions before you start the process. When you’re still at the stage of wondering should I sell my diamond ring, not when you’ve already implemented the procedure.

Key takeaway points:

Be sure to work with a reputable diamond buyer
Read over their policies and disclaimers
Take pictures of your items be shipping them off

Check for Online Reviews

I’m going to assume you’re sensible enough to check for reviews before working with any specific diamond buyer, so I won’t spend a lot of time on this.

Put your Google-fu to work and do some deep research on each buyer you’re considering.

For example, if you were researching iValue Lab, you would learn they are members of the Better Business Bureau, the Jewelers Board of Trade, and the Jewelers Vigilance Committee. You may not have heard of the JBC or the JVC, but you know BBB is a significant trust mark, right? You would also find the success stories of others who have been in the same place you are now.

Key takeaway points:

Check for reviews and testimonials
Check to see if the buyer you chose has any sort of accreditation, such as from the Better Business Bureau, Jewelers Board of Trade and the Jewelers Vigilance Committee.

Protect Your Diamond Ring

Okay, so you’ve moved past the should I sell my diamond ring stage and progressed to let’s do it.

Make sure you do all you can to ensure it's protected once it leaves your hands.

If your diamonds—or any item—are lost or stolen in transit, you are left with nothing if your package wasn’t insured.

You have a few options here. You can use a buyer like iValue Lab if you plan to sell diamonds for cash. In this case, you don’t need to worry about arranging for a courier or if they offer insurance. It’s already part of their process.

iValue Lab offers you a risk-free method of shipping your items. They will arrange for a FedEx pickup, giving you the comfort of dealing with a reputable courier and the knowledge that everything is completely insured.

And in most cases, you will have your money within 24 hours of their final offer.

Should you be using another buyer, be sure to do your homework before your jewelry leaves your hands. The most important factor is to be sure everything is insured.

Be aware that diamonds aren’t typically covered by regular courier insurance. You will need to arrange private insurance.

Key takeaway points:

Choose a diamond buyer that looks after the shipping process for you. One that offers a risk-free guarantee and insures your package
Do your homework. If you have to ship your own package, be aware you will probably need to get private insurance as most couriers will not insure diamonds
Choose a buyer that pays within 24 hours

Moving Forward

You’ve done all your research. Have you decided you have nothing to fear when it comes to selling your diamonds online?

If you have settled on iValue Lab, you can have confidence knowing they are the best and highest rated amongst their peers. They offer fast, risk-free, efficient services. And you know you’re getting the highest value for your diamonds.

That risk-free service includes a process that insures your item for the entire time. And the entire process is recorded.

Key takeaway points: