Question: Can I Sell My Diamond Ring Without Certificate?

Is it OK to buy a diamond without a certificate?

Without a certificate, you can never be certain what you are buying.

If a diamond is not certified, your only source of information about its quality is the seller, and needless to say, the merchant’s assessment is not likely to be the most objective..

Does Diamond have resale value?

The resale value of diamond indeed depends on several factors and does not simply fluctuate like gold rate. Typically, you should expect to resell your diamond at 25% to 50% lower than the price you bought it.

Does Kay Jewelers sell fake diamonds?

Kay Jewelers operate primarily as a chain mall-based jewelry store. … When it comes to the actual quality of the diamonds and engagement rings sold by Kay Jewelers, they do not meet the mark of online jewelers, as well as many other brick and mortar jewelry stores.

Who is better Kay or Jared?

If you’re looking for a large variety of styles, Kay is also a better bet than Jared. You’ll be able to select from 10 stone shapes, and 17 stone types.

Can I sell my ring to a jewelry store?

Can I Sell My Diamond Ring at a Jewelry Store? Yes, you can sell your diamond ring at a jewelry store. Before you visit your local jewelry store, you should contact the store first, just to double check.

Where can I sell my diamond ring for the most money?

Let’s look at each of these options in a bit more detail.ONLINE TO A TRUSTED DIAMOND BUYER. If you are asking yourself “Where can I sell my diamond ring near me?”, one of the quickest and most convenient ways to sell engagement rings for cash is through an online diamond buying company. … AUCTION. … CRAIGSLIST. … PAWN SHOPS.

How can I sell my old diamond ring?

How do I sell my engagement ring?Sell to a jeweler or diamond exchange near you. You may have a relationship with a trusted jeweler, or find someone on Yelp. … Pawn shops typically buy all kinds of gold and diamond jewelry, but expect to pay a very high commission.Online diamond and jewelry buyers.

Should you get a certificate with a diamond ring?

Having a certificate that contains grades for the color, clarity, and cut of the ring’s diamond makes it easier for you to know what you are actually buying. … Last but not least, if you ever want to sell the ring, it is always better to have a certificate for its diamond.

Why is diamond resale value so low?

The reason resale prices for diamonds are so low compared with retail prices is that jewelers buy diamonds in bulk, at wholesale prices, which are much lower. The retail price you pay for a diamond at the store is higher because it includes overhead expenses, such as rent and personnel salaries.

Is Kay Jewelers better than Zales?

Zales versus Kay Jewelers While they share similar policies here and there, Zales and Kay cater to distinct audiences. … However, Kay tends to have a wider selection of engagment rings and customization options, PLUS a better overall online purchasing experience.

How much is a 1 carat diamond worth resale?

This is evident when you look at the average retail prices of diamonds by carat weight. On average, the retail price for one carat diamonds can be anywhere between $2,000 to $16,000, and between $8,000 to $72,000 for two carat diamonds .

Are certified diamonds worth it?

Certified diamonds aren’t inherently better than non-certified diamonds, but they tend to be higher-quality stones because the retailer has chosen them for their documented quality. Many times, certified diamonds are completely natural and have not undergone treatment.

Are Kay Jewelers Diamonds good?

Bottom Line Recommendation. Kay Jewelers offers incredibly poor quality and even worse value. As I was updating this review, a reader asked me about this ring from Kay. … The clarity grade is a whopping seven grades higher and the ring will still cost you almost 20% less than the Kay ring.

Can I trust a jeweler with my diamond?

Yes, you can trust your jeweler. Yes, you can leave your rings for repair. And, if you want to know the honest to God’s truth, most jewelers wouldn’t attempt to steal your diamonds anyway. This is because most diamonds are either small in carat weight, or flawed (And jewelers already have tons of those diamonds).

Can you insure an uncertified diamond?

Be sure that you get your diamond insured immediately and that your insurance covers you for the damage, loss and current replacement value of your diamond. If you do not have a homeowners or renters insurance policy, you can still insure your ring.