Selling an antique diamond ring, probably belonging to your grandma, could be frightening. There is a certain level of skepticism involved regarding whether you will be able to crack a fair deal or not. In order to get a reasonable price, you must set the price according to the ring’s craft and the diamond’s worth. This sounds easy, but in reality, it can be a troublesome task.
Read on to know how you can sell a vintage diamond ring at a fair price:
Get the Ring Appraised
Before setting a price, it is advisable to get the ring appraised, preferably from a jeweler. Make sure the jeweler is not interested in buying that antique diamond ring because his advice could influence you and the price of the ring. Try to obtain an unbiased appraisal relating to the antique diamond ring’s cut & uniqueness, condition, and to what extent it meets the antique ‘style’ quotient.
Acquire a Certification
If possible, try to get hold of a certificate from a genuine gemologist. This will permit you to set a higher price for the ring and attract more genuine buyers willing to pay that price.
Find Buyers Exclusively
At first, try to place an ad in a newspaper or a jewelry publication at a price you think is appropriate. Estimate the response of the market and how many buyers you are able to attract at this price. The reaction will help decide whether you scroll the price up or down.
It is a good idea to sell your ring at a store that sells antique jewelry. Since you now know the worth of your antique diamond ring, there are high chances that you will get a satisfying price from the buyer. If you feel the price being paid is unmatched to the ring’s worth, you can go elsewhere.
Consider selling your antique diamond ring at an online platform. This will not only permit you to place the lowest possible price that you want for the ring, but there high chances that people may end up biding higher (in case you attract more buyers). It will be plus point if you attach the appraisal and any certification obtained to substantiate your antique diamond ring.