Wedding Ring Resale Value

Why is there a difference between retail and resale value.

Wedding ring resale value.

Diamond rings are typically made with a gold band. The price you can get for your diamonds or other gemstones will be closer to the wholesale prices jewelers pay to their suppliers. Therefore the metal value of your ring will depend on when you sell and the market on that day. Metal prices fluctuate so their value changes on a daily basis.

If you sell your ring to a jeweler this number will be affected by their markup. Yellow rose and white. 24k is usually too soft for jewelry use. However it is gold purity and not color that impact its value.

Platinum rings tend to be the most valuable. In general the reason your engagement ring is worth less in a resale transaction is the idea of markup noted above. Gold jewelry typically ranges from 9kt to 22kt. No diamond ring is complete without something to set the gem on.

If you have a unique or custom wedding ring it might perform better than a plainer style. There are different types of gold including. Recently sold wedding rings. People always forget about the band.

However pre owned diamond rings rarely sell quickly especially at near retail prices meaning you may need to wait for a long time before your ring finds a buyer. The resale value of a diamond can vary hugely depending on its carat weight color cut quality clarity and numerous other factors. Gold is measured in carats with 24k being the highest. If your wedding ring has any stones such as diamonds their resale value will be lower than the retail price similar stones sell for at the jewelry store.

Larger stores will likely have a higher markup than your local independent jeweler. The metal can also affect the value of your ring.