Selling a Ring to a Jewelry Store: What to Expect

Selling a ring to a jewelry store is a simple process, but many first-timers are unsure of how exactly it works. How will your ring be valued? Who will appraise it? When will you get cash for your ring? If you’ve never visited a jewellery buyer, you may be asking yourself these questions.

We know that the jewellery buying process is not always straightforward, especially for beginners. The team at Pinto Gold and Jewellery Buyers have put together this handy guide so you know what to expect when selling a ring to a jewellery store:

  1. Choose a Gold and Jewellery Buyer
    It is important to feel confident when selling a ring to a jewellery store. Look for a jewellery buyer with knowledgeable appraisers on staff who can fairly assess your ring. You’ll also want to choose a buyer who is dedicated to complete customer satisfaction. As you research potential jewellery buyers, be sure to look for online reviews and testimonials to help make your decision.
  2. Get Appraisal
    An experienced jeweller or appraiser will evaluate your ring based on the value of the precious metals and gemstone is it made of. The cash value of your ring will vary greatly depending on the purity of the metal, size and quality of the gemstone, as well as the overall condition of the ring. The style of the ring may also factor into its value. In any case, an expert appraiser will determine the fair value of your ring and make you an offer.
  3. Choose to Sell or Pawn
    Once your ring has been appraised by an expert, you can decide whether you’re interested in selling a ring to the jewellery store or pawning it instead. If you choose to sell, ownership will be transferred to the jewellery buyer or store. Should you choose to pawn, your buyer will offer a cash loan for your ring. In this case, you will retain ownership of your ring, but get the cash you need in the form of a loan.
  4. Receive Your Cash
    Finally, you will receive cash based on the fair and accurate appraisal of your ring. One of the advantages of selling a ring to a jewellery store like Pinto Gold and Jewellery Buyers is that you can receive cash on the spot for your ring to be used however you desire.

Are you ready to sell your ring? Choose Toronto’s trusted jewellery buyer to receive a fair price for your diamond, gold, silver or platinum jewellery. With over 20 years of experience in buying and selling rings, we’re the GTA’s top choice when selling your ring.

For a free appraisal on your ring, contact Pinto Gold and Jewellery Buyers today or visit us in-store at 2490 Yonge St., conveniently located near Yonge and Eglinton.

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