Where can I sell 1ct diamond engagement ring for a decent price?
Hi. Selling your diamond ring to a private party will get you a higher price. Your local jeweler will need to pay less because the jeweler will need to market it to resell it and will incur marketing costs, sales commissions, and overhead, plus want to make a profit, so the local jeweler will pay less than a private party. Consider posting it on a free newspaper or classified ad location such as Craig’s List. You should check the blue book price from a diamond price guide, such as Max’s Diamond Price Guide at www.diamondpricebluebook.com. It’s free and has Private Party transaction prices and Sell to Jeweler prices based on carat weight, color grade, clarity grade, and cut grade.
