When you have diamond jewellery that you would like to sell, you might find yourself not knowing how to do it. Selling online has become a popular option for many, but every selling platform is a little bit different. Sometimes selling your diamond ring online can be a frustrating experience. Taking your diamond ring to a professional gold and jewellery buyer might be a better option. But it all comes down to personal preference.
In this article we will tell you what you need to know to sell your diamond ring on a variety of online platforms. We will also provide the pros and cons of selling online while offering some safety tips too. If you are ever in doubt about what to do with your diamond ring, or just have some questions. Do not hesitate to contact a qualified gold and jewellery buyer such as the experts at Pinto Gold and Jewellery Buyers.
How to Sell a Diamond Ring on Craigslist
Craigslist is a popular buy and sell site that you can sell pretty much anything on. The platform is simple to use, and you likely will not have much trouble listing your ring. Like many buy and sell sites, buyers are often looking for a great deal on items. If your item is priced too high you may open yourself up to receiving low offers or no offers at all. When listing an item on craigslist be realistic about your pricing. You likely will not get what you paid for it, so come into the selling experience knowing this. Do not forget to take good pictures and be specific about the details of the ring. You should consider your geographical location before listing your item on Craigslist as this site can be less popular in some areas than others. If using a platform like Craigslist it may be beneficial to list your item on more than one site for the best chance of making a sale.
How to Sell a Diamond Ring on eBay
eBay can be a great option for people looking for less back and forth with the selling process. Unlike other buy and sell platforms eBay allows for you to post your item at a minimum bidding amount and allow potential buyers to bid on items without having to negotiate with the seller directly. eBay can be a little challenging to get the hang of and it may be a good idea to try listing lower value items on the platform before attempting to sell something valuable such as a diamond ring. eBay provides a great guide for buying and selling jewellery on their platform to help you get the best price for your items. Consider following this guide to help you be a successful seller on eBay. Many sellers feel that eBay is a safe and secure way to sell their items and it can be a great way to sell your high-value items once you have mastered selling on the platform.
How to Sell a Diamond Ring on Kijiji
Kijiji is another popular buy and sell site that makes selling anything online easy. Like most online selling platforms, it is important to take great pictures and give a detailed description of your item. Let potential buyers know that you can prove the authenticity of your items. Having great pictures can be the best way to help you stand out from others while selling on Kijiji. Also make sure that you can communicate with potential buyers quickly and efficiently as platforms like Kijiji provide lots of competition for the seller, make yourself stand out. If you choose to use Kijiji you should be aware that your listing can get buried as others list their own items. You may have to continually re-list your item or opt to pay to have your item bumped back to the top of the list. Kijiji also gives you the opportunity to make your listing featured and this may be to your advantage if you are willing to spend some money to make a sale.
How to Sell a Diamond Ring on Amazon
Amazon is a less popular option for those who wish to sell their jewellery online. That is because it is not an open platform that can be used as easily by the average seller. In order to sell on Amazon you need to become an Amazon seller and follow their guidelines for selling. Amazon also takes a small percentage of your sale, and in many cases, it is not always efficient to sell you diamond ring on this platform. Many people look for reviews from other customers before making an Amazon purchase, and if you’ve never sold before or don’t have multiples of the same item, this won’t be possible to obtain. If you are considering selling many items through an Amazon seller account this may become a better option for you. But if you are only selling one piece, it may be more effective to sell your item on a different platform. Consider looking at what other sellers are offering on Amazon to have a better understanding of whether or not this platform will be a good fit for what you are looking to sell.
Pros of Selling a Diamond Online
Many people turn to online selling platforms to sell their diamond rings. This is often because of convenience or a belief that they will get a better price from selling it directly themselves. There is some truth to this as a gold and jewellery buyer will need to purchase the diamond ring at a lower price than they intend to sell it.
Some reasons why you might consider selling your diamond ring online are:
- Potential to get more money for your item
- Felling of being in full control of the sale
- Higher ability to negotiate
- More exposure to potential buyers
If you are not in a hurry to sell your diamond ring, using an online platform to sell your diamond ring on your own might be a good choice. Selling your diamond ring on your own may result in a higher price being paid to you, but it also comes with heightened effort. Always remember that your safety is your first priority when selling online and be mindful of potential scammers.
Cons of Selling a Diamond Online
Many people expect that they will be able to sell their diamond for close to what they paid for it, or even make a profit off the ring. Unfortunately, this just is not the case. When selling your diamond online you need to be aware that you are probably not going to get anywhere near what you paid for it. This is often a point of frustration for those wishing to sell their diamond online as they feel they have priced it fairly but they either get no interest or offers much lower than they feel willing to accept.
Selling a diamond ring can be an emotional process for a variety of reasons and many people have sentimental attachments to the ring. But you need to be realistic and do your research before you list your diamond rings online. Some reasons to avoid selling your diamond ring online include:
- It can take a long time
- You will have to put effort into making your listing attractive to buyers
- You are responsible for meeting with potential buyers
- You might have to deal with sometimes hurtful low offers or verbal abuse online
- Safety can be a concern
- Scammers target individuals selling high-value items
Online Selling and Buying Safety
If you choose to sell your diamond ring online, it is critical that you take steps to ensure both your physical safety and avoid falling victim to scammers.
Physical Safety Tips:
- Do not meet potential buyers at your home.
- Consider meeting your buyer in a public area or a safe zone designated by your local police station.
- Bring a friend and try not to meet your buyer alone.
- If you must meet your buyer alone, tell someone when and where you are going, provide important details such as the buyer’s information for your protection.
- Never meet with anyone who makes you uncomfortable for any reason.
- Using social platforms to sell can be less discrete.
How to Spot Scammers:
- Just say no to any person asking to send you more money than you have asked for and ask you to send some back. This is a common scam used on buy and sell sites that often leaves you without your item as well as stealing your money.
- If shipping your item, consider using PayPal as this payment platform offers protection to both buyers and sellers.
- Do not accept money order or check, try to deal in cash if you are meeting in person.
- Pay attention to the story the potential buyer gives you, look for inconsistencies or red flags that make your question their authenticity.
Scammers are highly active in all types of buy and sell platforms. It is important to be aware that scams exist and always use caution when buying or selling anything online. Kijiji provides a great guide on what a scammer might sound like when they are attempting to buy your item. If you are ever unsure, ask questions and do not just sell to the first person that is interested. Take your time and be careful when selling online.
Why Should I Consider Selling to a Professional Jewellery Buyer?
Many people turn to professional gold and jewellery buyers after unsuccessfully attempting to sell their diamond ring online. Selling your items online can be a frustrating process and it can often lead to safety concerns. Whether you have previously tried to sell your ring on your own or not, you should consider reaching out to a professional.
A professional jewellery buyer will be able to walk you through the process of selling your diamond ring while providing you with their knowledge and experience. They can answer any questions you might have about the process, including why you likely will not be able to sell your diamond ring for what you paid.
Consider reaching out to Pinto Gold and Jewellery buyers as your first choice to sell diamond rings in Toronto. We make the process of selling your diamond rings easy and accessible. For more information on what happens at our store and others like us see our previous article “How Do Cash for Gold Stores Work.”
Where Should I Sell My Diamond Ring?
Knowing how to sell your diamond ring online can be confusing. So where should you turn to when you are looking to sell? It really all comes down to your personal preference and goals for selling. You might be able to make more selling your diamond ring through a private sale, but you will have to put a lot of work and patience during the process. Do not forget to put safety and security first and be diligent to avoid common online scams.
Always consider getting the opinion of a professional gold or jewellery buyer no matter where you choose to sell. They should be able to give you pointers and help you stay educated about the selling process. If you are looking for an expert opinion on selling your diamond ring, don’t hesitate to reach out to the experts at Pinto Gold and Jewellery Buyers.