Best Places to Sell Gold and Jewelry
Cash for Gold USA
Cash for Gold USA will buy gold of any karat from 8k to 24k, and in any form, even scrap
Quick processing time for quotes – within 24 hours once gold is received
Free FedEx shipping label insured up to $5000 for you to send your gold
Express Gold Cash
Sell any jewelry – bracelets, rings, necklaces, watches, earrings, coins, platinum
Free, overnight shipping for your items with insurance for up to $5,000
Accept the offer, and receive your payment within 24 hours or get a free return
Cash for Diamonds
Get a free appraisal kit by filling out the form – send diamonds with free, tracked shipping
Payments are typically processed within 24 hours after you accept offer
If you don’t like the offer – Diamonds will be returned free of charge
8 Places to Sell Diamonds
CashforGoldUSA
Cash for Gold USA Summary
- Free shipping and $5000 insurance
- Quick 24 hour processing time for quotes
- Earn up to 3 times than elsewhere
- Sell all sorts of gold, even scrap gold
CashforGoldUSA is one of the best places to sell diamonds for cash. The platform offers a convenient way where you can sign an online form and receive a prepaid shipping label. Using that, you can send your diamonds to CashforGoldUSA.
You’ll receive a price offer within 24 hours of them receiving your gems. If you accept the offer, you’ll receive the payment through your preferred payment option.
This platform claims to pay three times more than its competitors, so you’ll likely get a good offer from them. Besides that, your gems are insured for up to $5,000 when you ship them to them.
eBay
eBay Summary
- High user traffic – over 187 million users
- No listing fees for small scale sellers
- Promote your listing from as little as 1%
- Quick processing time for payouts
Over 187 million users are on eBay, and with such massive reach, it pretty much answers the question, “where is the best place to sell diamonds?”
What’s also good about eBay is that you can sell your diamonds for a fixed price or auction it for the best offers. Once your item sells, you’ll receive your payment within the next 3 days.
While eBay won’t charge you a listing fee if you sell less than 250 items, it charges the selling fees for jewelry as follows:
| Selling fee | Conditions |
|---|---|
| 12.55% | on total amount of the sale up to $7,500 |
| 2.35% | on the portion of the sale over $7,500 |
If you ever need to get more people to view your listing, you can also promote it for low prices. eBay offers for as low as 1% to promote your listings, or you can work with them for something that fits your budget.
Worthy.com
Worthy Summary
- Sell fine jewelry on auction
- Seamless selling process
- Quick payments
- Set your own prices
Worthy.com is a website that caters to all things diamonds, including:
- Wedding ring
- Watch
- Bracelet
- Earrings
You only need to fill out an online form to tell them what kind of diamond product you have and send it to them. After that, Worthy.com will handle everything until your diamond sells.
You can sit back, relax, and wait for your cash, from prepping to grading to taking professional-grade photos to putting it on the live auction. Worthy.com will send you payment within 4 business days when your item sells.
What’s great about Worthy.com is that they’ll auction your diamonds to their 1,000 professional buyers. This means that you’ll be selling to people who know and appreciate what your diamonds are worth.
CIRCA
CIRCA offers two ways to sell diamonds for cash. You can either visit their store or send them your diamonds. Either way, CIRCA promises to sell your gems as luxurious as when you bought them.
To visit their store, you can go to their website and use the link there to set up an appointment. This way, you won’t need to wait long for a specialist to check your diamonds.
Just note that CIRCA has 19 locations around the world, so make sure you’re near one before setting up an appointment. Otherwise, you can sell your diamonds to them through the online option.
Here, you’ll need to fill out an online form and provide details on your diamonds. CIRCA will then reply to you with an offer and if you’re okay with it, you can send your item to them. Note CIRCA also covers shipping.
The Diamond Oak
The Diamond Oak is a website where you can buy and sell jewelry, antique, and vintage collections.
It offers 5 easy steps to sell:
- You can start by filling out an online form to request an estimate.
- The Diamond Oak will give you a quote within 2 days.
- If you like this offer, you can set up shipping, which they will pay for.
- After The Diamond Oaks receives your item and examines it, you’ll receive the final offer.
- From there, you can accept it and they’ll send you a check.
What’s great about The Diamond Oak is that they’re buying to sell. If you’re selling a precious heirloom, you can trust them to find you a great next owner.
DiamondsUSA.com
DiamondsUSA.com is an online platform where you can sell your diamonds for cash. It offers insured transactions of up to $100,000. Besides that, they’ll appraise your diamonds for free and give a guaranteed offer.
How it works is quite similar to CIRCA’s online selling option:
- You can request an online form and send your diamonds using a prepaid shipping label.
- DiamondsUSA.com sends you an offer within 24 hours of receiving your item.
Besides filling out an online form, DiamondsUSA.com also has a hotline you can call if you want to sell your diamonds to them. This is an ideal option if you prefer to talk to their sales agent, who can address any additional questions.
We Buy Gold
We Buy Gold purchases precious metals like gold, silver, and platinum, along with diamonds and other jewelry. The platform offers similar steps as selling to DiamondsUSA.com. You can send your items to them by requesting a shipping label.
They’ll make an offer once they receive your items, and you can accept it to get your cash. However, their website doesn’t show any information about payment options. For that, you can also contact them by phone to know more about their selling process.
What’s good about this platform is that you can sell various items besides diamonds. In fact, the platform accepts:
- Old stock and industrial gold
- Dental gold
- Broken, damaged, and tangled gold jewelry
Ernesto’s Jewelry
Ernesto’s Jewelry is a family-owned company that sells and buys jewelry. Their websites provide information on how you can sell to them, making it a trusted platform to get cash for your gems.
Aside from selling your diamonds for cash, they also offer trade-ins. Plus, you can sell other precious heirlooms, too. These include:
- Fine and sterling silver
- Gold between 10k to 24k
- Pocket watches
- Gold watches
- Rolexes
To sell with them, you’ll need to schedule an in-store appraisal. Unfortunately, they don’t offer online options through their website. However, they have a hotline you can contact and arrange to sell if visiting their store isn’t possible.
What Is the Best Way to Sell a Diamond?
When it comes to selling diamonds, the best way to do so depends on your goals. Are you looking to make the most money, or do you want to sell it fast, even if that means getting paid less?
Also, you might want to consider if you’re going to sell your diamonds for cash or you’re willing to trade them in for another piece of jewelry.
Cash comes really handy as you can use it for a lot of things. On the other hand, trading your diamond for jewelry is preferable if you’re upgrading your collection. It’s also a good option if you want to start a buy-and-sell business with jewelry.
As for choosing where to sell, you can pretty much assume that online platforms with auction-style selling might get you the best price. But the fastest ways to sell your diamonds are through pawnshops and private buyers such as CashforGoldUSA.
How Much Money Do You Get If You Sell a Diamond?
When it comes to reselling diamonds, you can pretty much assume prices that are around 25% to 50% lower than the initial selling price. For example, for a $1,500 original price, you might get around $750 to $900 for your diamonds.
Understandably, that might seem low. However, most online gemstone buyers appraise gems based on 4Cs. This stands for cut, clarity, color, and carat. Besides these, appraisal value also depends on the market value and where you’re selling your gem.
To sum it up, how much money you get from selling your diamonds typically goes between the reselling price and the appraisal value.