Sell Engagement Rings in Brisbane
Need help finding a reliable place to sell your diamond engagement ring for a fair price in Brisbane?
Safe & Convenient Way to Sell Your Diamond Engagement Ring in Brisbane!
If you are looking for a safe and convenient way to sell your diamond engagement ring for the best return in the industry, Diamond Brokers Queensland are an experienced licenced Brisbane dealer who can offer to sell your ring through our online and Brisbane jewellery store.
Only a Few Avenues for Selling an Engement Ring!
There are only a few avenues to re-selling a diamond engagement ring; privately, to a pawn dealer or back to a reputable jeweller. Selling can be difficult and depending on the quality and value of the ring each option has its benefits and disadvantages.
Know the Value of the Engagement Ring Before Selling!
To sell your engagement ring it is very important to understand what you have and its value before looking to see what it is worth in the second-hand market. There are only a few authorised second-hand jewellery specialists and each will likely have a different opinion on the value of your ring and if it is suitable for their target market.
Sell Your Engagement Ring On Our Website!
We specialise in medium to very high-quality jewellery with a focus on premium certified diamonds and assess every piece that comes into our office to decide as much for the client’s benefit as our own to our ability to sell your second-hand diamond engagement ring. Our platform is designed for selling second-hand jewellery that has a retail value above $5000.00 but will still consider bulk listings of lower-value jewellery that is of high quality and new condition. By offering our store and online platform to private sellers wishing to sell their unwanted diamond engagement ring we can return you a fair and reasonable resale price without any complications through our easy and efficient process.
Sell Your Engagement Ring in Brisbane Today with Confidence!
Sell your engagement ring today by Contacting the Diamond Brokers Queensland Team for the best advice,
valuations and offered prices in Brisbane.
What is the Value of a Second-Hand Ring?
When looking to sell your second-hand engagement ring there are a few aspects to understand about the value of your ring. An engagement ring is made up of two components the metal (gold or platinum) and the crystal (diamond or gemstone) of which both will hold value on resale. Once second-hand, a ring is only worth what someone is willing to pay for each of these components and the better the quality, condition and attractiveness of the design the better chance that it will sell for close to a new replacement price.
How to Determine the Price of an Engagement Ring
Gold and platinum are precious metals that will always have a market value if sold for scrap. However, as new, a ring mount is worth the cost of the metal as well as the cost of manufacturing. The scrap value of a ring is minimal but depending on the condition, complexity, type of manufacture and the attractiveness of the design a ring can achieve anywhere up to the value of new replacement. The gems within a ring will also hold a set market value based on the wholesale replacement as long as there is no damage in any way. Diamonds are the easiest gem to resell as they rarely damage and are the most popular gem used in engagement rings whereas coloured gemstones are much softer and unless relatively new can sustain chips and scratches.
Gem & Stone Value within the Engagement Ring
Once a diamond or gem has sustained damage then the value rapidly diminishes with the condition and is usually considered worthless for resale unless the gem is large enough to be re-cut. The majority of the gem value will always be held in the main stone with most smaller diamonds and gems having only minor resale interest. Diamonds above 0.50ct no matter the quality will retain high market value and is what any buyer is looking at when determining the value of a ring.
To sell a second-hand engagement ring requires finding a buyer who requires a ring with the right size and quality diamond within their budget and a design that is similar to their taste and expectations. Not an easy task and this is the same even for jewellery stores, which is why we suggest even for the most popular selling rings it will take an average of 6 months to sell.
Speak to Diamond Brokers Today!
Interested in Selling Your Engagement Ring & Want a Free Valuation?
Contact the team today at Diamond Brokers Queensland for a no-obligation-free valuation of your engagement ring.
Why Is My Engagement Ring Not Worth What I Paid?
Unfortunately selling a diamond engagement ring in the pre-owned market is not worth the same as selling it in a retail store. Retail stores are businesses, that have a customer base and a reputation for a particular range or quality of jewellery, that people hold with awareness and an element of trust. Retail stores also have very large advertising and operational overheads and are selling new products which they can ask for up to the full recommended retail price.
The RRP is the price that a jewellery retailer is allowed to mark up a diamond engagement ring from the wholesale price. This helps regulate the industry and protects customers from being overcharged. However, this is the maximum amount that they can sell the item for and in a lot of circumstances these stores will have sales of up to 50% off their marked price.
Receive the Best Engagement Ring Price from Diamond Brokers Queensland!
Regardless of how much you may have paid for your ring the real value of the ring is what it has cost the jewellery manufacturer to produce and sell to the jewellery store. At best a second-hand ring can be sold at the lowest price that it could be purchased directly from a retail store but as condition, quality and style decrease so will the price.
As a diamond merchant business, we have the ability and reputation to be able to ask and receive a better price for your diamond than what you would get trying to sell it privately. How much we can ask is dependent on the demand for the type of ring that you own and how much it is worth to the person wanting to purchase the item. As experienced second-hand dealers we can quite easily work out with you what we believe your ring is worth and set the highest and lowest price for the sale of your ring before you have to bring or send your ring to our store. If our offer is acceptable then we will list the jewellery at the highest starting price, which will also include our commission and the GST components.
Low Commission Taken When Selling Your Engagement Ring!
For sellers who do not need an immediate sale and are looking for the best possible return, selling your ring with an agent on consignment is our best recommendation. Diamond Brokers Queensland, provides consignment sales on high-quality rings directly in-store and online for people to sell their unwanted engagement rings. We believe our consignment process can give your ring the best opportunity in the industry to sell your ring at the best possible price without any effort.
Diamond Brokers Queensland hold all diamond rings for sale in secure locked premises and takes full responsibility for their safety when in our possession. Diamond Brokers Queensland do not hold any exclusive rights over the sale of your diamond engagement ring and it can be delisted at a moment’s request. When we sell your ring we take a commission of $500 or 15% whichever is greater than the total sales price on consignment sales pre-GST.
Sell Your Engagement Ring in Brisbane Today!
Visit Diamond Brokers Queensland today at our store in Brisbane for a free engagement ring valuation alongside the best-guaranteed price offered across the whole of Queensland.