Do you have a wedding ring that you no longer need?
Before you part with your collectibles, uncover these 8 Genius Money Moves to Score $500+ in Free Cash This Week! Why sell when you can earn more effortlessly?
Whether you’ve been divorced, your wedding plans have changed, or you inherited an item, you might have a ring you no longer need.
And the great news is, there are plenty of ways to sell a wedding ring for cash if you need some quick money.
The market for buying and reselling jewelry is more popular than ever. And in this guide, I'm covering some of the best places to sell a wedding ring that you can use to turn that engagement ring into cash.
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The Best Places To Sell A Wedding Ring
According to Brides.com, you can usually get between 40%to 70% of your ring’s original value. If you're selling an expensive engagement ring, this could mean thousands of dollars back in your pocket.
However, it's important to sell with a reputable online buyer or marketplace so you get the best value for your wedding ring and don't get scammed.
Here are 10 excellent options you can consider to sell your wedding ring to help you get started.
1. Worthy.com
When it comes to selling wedding rings online, Worthy.com is one of the best options.
This online auction site lets you sell a range of jewelry, loose diamonds, and watches through its online auction. And you get to work with a personal auction manager to make sure everything runs smoothly.
All you have to do is call or contact Worthy to explain the pieces or wedding ring you're selling.
If Worthy thinks your pieces will sell, it sends you a prepaid shipping label you can use to send your jewelry in. It also pays for insurance so your pieces are safe.
Worthy then handles everything for the sale, including ring cleaning and professional photography. If the ring sells in an upcoming auction, you get paid through direct deposit in a day or two.
You pay 18% to 10% in a success fee following a sale depending on how much your wedding ring sells for. This might seem steep, but Worthy can often fetch you a higher price for your wedding ring than selling by yourself.
Ultimately, if you want a hands-off way to sell your wedding ring online, Worthy is where you should start.
2. Circa Jewels
Another excellent place to sell a wedding ring that you can consider is Circa Jewels.
This jewelry retailer lets you sell wedding rings online and through in-person appointments at one of their 17 locations across Europe, North America and Asia.
To start selling, Circa Jewels provides you with an estimated offer after inspecting your wedding ring and getting some information.
If you're comfortable with the quote, you request a free shipping kit to send in your rings or other items you might be selling.
Once Circa Jewels receives your wedding ring, it evaluates it and potentially provides a new quote. If you accept, you get paid via bank transfer or check.
You can also receive a gift card for Circa or Blue Nile to use towards your next jewelry purchase. There aren't any seller fees or commissions either.
If the offer isn’t a fit, the company ships your rings (or other items) back to you free of charge, so there's no risk.
3. Pawn Shops
If you want to sell your wedding ring locally, pawn shops can be a quick and easy option.
How much will a pawn shop pay for your diamond ring? Well, according to Pawn America, you can expect between 20% to 50% of the ring’s original purchase price.
You can likely get a higher amount when selling your wedding ring online with a company like Worthy or others. However, pawn shops can be better if you need money the same day and are willing to haggle a lot more.
If you live in a decently-sized city, there might be several pawn shops in your area that you can visit to get a few offers.
4. WP Diamonds
Highly rated and well trusted, WP Diamonds is another luxury goods website where you can sell your engagement ring and wedding rings.
The process works very similarly to Circa Jewels. You get an offer after submitting photos and information about your wedding ring. If you like the offer, you simply ship your piece to WP Diamonds and get paid after inspection.
WP Diamonds doesn't charge seller fees, and it also pays for shipping. And if you're not happy with the quote, you can always ask WP Diamonds to ship your wedding ring back to you.
5. eBay
When it comes to selling just about anything online, eBay is always worth considering.
This massive online marketplace has millions of active users from around the world. And it's completely free to sign up for and to list your wedding ring for sale.
When selling, provide as much information as possible, and be sure to mention any issues such as loose or missing stones and the general condition.
Also note that eBay charges seller fees that vary by product category. For jewelry and wedding rings, you pay 12.9% if the total sale is $7,500 or less and 7% if the sale is over $7,500.
This is lower than many sites like Worthy or other online places you can sell wedding rings. But you have to deal with buyers and shipping all by yourself.
6. Cash For Gold USA
If you're still wondering how to sell a wedding ring, you can always consider selling with Cash For Gold USA.
This highly rated online jewelry retailer works with clients selling jewelry, gold, diamonds, and coins. Well trusted and a customer favorite, Cash for Gold USA is easy to work with and makes it simple to sell wedding rings and other items online.
To get started, just complete the seller form on their website.
From there, you receive a prepaid mailer and get an offer within 24 hours of receiving your ring. You can get paid via check, wire transfer, or with PayPal money.
If you decline their offer, your jewelry will be shipped back for free.
7. Facebook Marketplace
While it might surprise you, another great place to sell wedding rings is the Facebook Marketplace.
People sell all sorts of things on Facebook Marketplace, including electronics, furniture, shoes, toys, and jewelry like wedding and engagement rings.
Posting items for sale on the marketplace is completely free. Just be sure to add as many photos as possible and to write a detailed description about what you're selling.
Facebook also has buy and sell groups for jewelry, including engagement and wedding rings. There are even gold and silver buy/sell groups you can explore as well.
And while there are scammers and low ballers on this platform, it can be a convenient and free platform to sell your ring. And local sales have the advantage of paying you with cash.
8. US Gold Buyers
Another way to sell your wedding ring online is to sell through US Gold Buyers.
This online jewelry and gold retailer claims that it pays up to 98.5% of the market value for your wedding rings and other items.
US Gold also covers your shipment fees and insures your items when shipping like other online resellers.
With an easy to use online form, you simply complete what’s on their website and use their pre-paid label to ship your wedding ring.
After their experts inspect your jewelry, you receive an offer and then get paid via bank transfer or PayPal if you accept it.
9. Consignment Stores
Another local option for selling wedding rings is at consignment stores. While many consignment shops focus on home goods and clothing, some higher end ones will buy and sell jewelry.
Some consignment shops purchase your wedding ring upfront, while other stores require waiting until the ring sells.
Just note that consignment stores might take between 25% to 60% of the sale price depending on their store policy. This makes them one of the less lucrative options for selling wedding rings for cash, which is why online options are generally better.
10. I Do Now I Don’t
One final place to sell wedding rings online is I Do Now I Don't.
This online marketplace helps sellers and buyers recycle their luxury items including jewelry and wedding rings.
I Do Now I Don’t has two different ways to sell on their marketplace.
One way is a standard listing similar to what you would do on Facebook Marketplace or eBay. If you prefer, you can also sell your ring to this online dealer directly as well.
According to its website, I Do Now I Don't typically pays you 50% to 75% of the retail price for your ring. And you can often find buyers pretty quickly since this site specializes in wedding rings and jewelry.
Tips For How To Sell A Wedding Ring
Now that you know some of the best places to sell wedding rings and engagement rings, here are a few tips you can keep in mind to make the selling process as seamless as possible:
- Take Quality Pictures: If you are selling your wedding ring online yourself, you want lots of great images to get the maximum interest. Make sure the photos are well lit, in focus and show the jewelry from a variety of angles.
- Write Detailed Descriptions: The more information that you provide on the ring, the better. Details like where you bought it, when it was purchased, if it has been worn, and additional details can be very helpful to buyers.
- Provide Paperwork: Have appraisal papers, receipts or other papers for your ring? Be sure to provide them to help prove the estimated value. This is especially important for very expensive rings.
Final Thoughts
Wedding and engagement rings are generally expensive. So if they're collecting dust in a drawer somewhere or you need to sell them for some reason, you can certainly recoup a decent amount of cash.
There are also lots of different options when you’re looking for the best place to sell a wedding ring. Whether you sell online or with a local marketplace, it can be easy to make a sale.
Hopefully these tips on where to sell wedding rings will help you get the most money for your jewelry.
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