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
How Much Are Diamonds Worth?
If you are interested in selling your diamonds or diamond jewelry, you might be interested to find out how much diamonds are worth. Unlike other precious metals like gold and silver, diamonds are not as frequently traded. As a result, the prices of diamonds tend to be less volatile, although it may still be hard to determine the value of one.
Generally speaking, four main factors can affect the value of a diamond. These factors include:
- The carats or weight of a diamond
- Whether a diamond has color or is colorless
- The clarity of the diamond
- The cut of the diamond
Given that there are many things that can affect a diamond’s price, it is difficult to determine how much a diamond is worth. Thus, engaging a professional diamond appraiser is the best way to determine how much your diamonds are worth.
Where Can I Get the Most Money for Diamonds?
To get the most money when selling your diamonds, it may be wise to get offers from multiple places. Here are some of the best places to sell your diamonds that you can consider.
| Best Places to Sell Diamonds | Benefits |
|---|---|
| Cash for Gold USA | Enjoy insurance on your shipments for up to $5000 |
| Express Gold Cash | Get a free appraisal kit to estimate the value of your diamonds |
| Worthy | Get the most money for your diamonds through professional 48 to 72-hour auctions |
| WP Diamonds | All packages are opened on video and insured for up to $200,000 |
| Diamond Buyers International | Enjoy value-added services like free re-cutting |
| eBay | Get the best possible prices for your diamonds |
| Local Jewelry Shops | Visit multiple stores to get different quotes and choose the highest one |
7 Best Places to Sell Your Diamonds for the Most Money
Cash for Gold USA
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
Cash for Gold USA is an online precious metals dealer that primarily trades gold. However, the company will also buy diamonds in any condition, making it one of the best places for you to sell your diamonds.
Selling diamonds to Cash for Gold USA is straightforward. The process is similar to many other online precious metal and gemstone dealers. To start, you can use the shipping label that the company provides to ship your diamonds to them. This shipment will have insurance for up to $5000, so you can rest assured that your diamonds are safe.
Once the company receives your diamonds, they will appraise them and make you an offer for them, typically within 24 hours. If you are satisfied with this offer, you can accept it, and you will receive your payment via PayPal, check, or bank wire.
Express Gold Cash
Express Gold Cash Summary
- Get a free appraisal kit mailed
- Receive payment in as little as 24 hours
- Free insurance for up to $5,000
- Payment – PayPal, direct deposit, check
Express Gold Cash is an online platform that will buy your gold for cash. Apart from gold, the website also buys diamonds and other jewelry, making it one of the best places to sell diamonds.
Some of the different types of diamonds and diamond jewelry that the website will buy include:
- Diamond engagement rings
- Diamond tennis bracelets
- Diamond pendants
- Diamond earrings
- Loose diamonds
- Melee diamonds (small diamonds)
Given that the value of diamonds can be very subjective, the company provides interested sellers with free appraisal kits that they can use to get an estimate of their diamonds’ value. To sell your diamonds to Express Gold Cash, you must ship them to the company. After they receive your diamonds, they will make you an offer.
Express Gold Cash will handle everything you ship to them with the utmost care, and they will even send it back to you for free if you do not accept their offer.
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
On eBay, you can browse listings for diamonds similar to yours and see how much these listings sold for. This feature can give you a better idea of what your diamond is worth.
You can then list your diamond for sale on the website. When a buyer purchases your diamond, either through an auction or using the Buy It Now function, you will need to arrange for delivery of the diamond to the buyer. eBay will hold your funds in escrow until the buyer gets the diamond, after which you will receive payment.
While eBay enables you to get what is likely to be the best possible price for your diamonds, it is important to factor eBay fees into your estimates. These fees are typically around 13%.
You will also need to consider the time and monetary cost you will incur to ship the diamonds to your buyer.
Worthy
Worthy Summary
- Sell fine jewelry on auction
- Seamless selling process
- Quick payments
- Set your own prices
Worthy is a website that uses technology and industry connections to offer you a fair price for your diamond jewelry. The company buys a variety of different diamond jewelry, such as:
- Rings and ring sets
- Necklaces
- Bracelets
- Earrings
You can also sell any loose diamonds or diamond luxury watches on the Worthy website. Compared to other online jewelers and gemstone dealers, Worthy does not make you an upfront offer for your diamonds and diamond jewelry. Instead, the company engages professional gemologists to help you clean, grade, and photograph your diamonds.
Then, it runs 48 to 72-hour auctions on your diamond with a reserve price of your choosing. After a successful auction, the company will collect a small fee of between 10% to 18% before releasing payment to you within 2 to 4 business days. When you sell on Worthy, you can be certain that you are getting the best price for your diamonds.
WP Diamonds
WP Diamonds Summary
- Free, fully insured shipping
- Free estimate on the value of your items
- No commissions or fees
- Payment is typically processed in 24 hours
WP Diamonds is an international company that specializes in recycling and reselling diamonds. The company has its headquarters in New York City, although you can sell your diamonds to them regardless of where in the United States you are.
To sell your diamonds and diamond jewelry to WP Diamonds, simply fill in the online quotation form on the company’s website. Once you provide the details of your diamonds or diamond jewelry, the company will make you an offer for your diamonds.
If you accept this offer, you will need to mail your diamonds to the company via FedEx (which the company will pay for) for authentication and verification. One unique feature of WP Diamonds is that all shipments have insurance for up to $200,000, and the company opens all packages on camera so there is video evidence for insurance claims.
Diamond Buyers International
Diamond Buyers International prides itself on helping sellers skip the middleman when it comes to selling their diamonds. By avoiding the broker or wholesaler stage of the diamond selling process, they can pay you more for your diamonds.
The company will also provide value-added services such as re-cutting. This service helps to ensure that your diamonds have the optimal cut, minimizing flaws and improving their quality. As a result, you can enjoy higher prices for your diamonds, making Diamond Buyers International one of the best places to sell diamonds.
If you want to sell your diamonds to them, you can get your diamonds appraised online for free just by submitting a form on their website.
Local Jewelry Shops
If you require some quick cash and want to pawn off your diamonds, local jewelry shops can be a good option to do so as well. When you visit a jewelry store in your neighborhood with your diamond, you can get it appraised on the spot. You can find jewelry shops by doing a quick Google search for “jewelry shops in [your neighborhood]”.
The jeweler will be able to tell you how much your diamond is worth and whether they are willing to make you an offer for it. If they do make you an offer, they will often pay you on the spot in cash. Thus, selling to a local jewelry shop is still one of the fastest and most convenient ways to sell a diamond.
If you choose this option to sell your diamond, do your research beforehand to ensure that the jewelry store you want to sell to is a legitimate one and not a scam. Here are some tips to help you avoid getting scammed:
- Search for reviews of the jewelry store on platforms like Google and Trustpilot
- Check to see if the jewelry store is accredited by the Better Business Bureau
- Call the jewelry store in advance to check if they are still operating
Frequently Asked Diamonds Questions
How can I sell my diamonds for the most money?
Here are some tips to help you sell your diamonds for the most money:
- Visit multiple dealers to get offers for your diamond before selling to the dealer with the highest offer
- Read reviews of different dealers to find dealers with good reputations
- Consider authenticating your diamond and selling it to a private buyer instead of a dealer
How much can a 1-carat diamond sell for?
As of 2024, the value of a 1-carat diamond can range from roughly $1,190 to $15,650 depending on its quality.
However, note that the prices you can expect to get when you resell a diamond are typically much lower than the retail price of the diamond. This is because most stores and brokers will only buy second-hand diamonds at wholesale rates.
Are diamonds easy to sell?
Compared to precious metals like gold and silver, fewer dealers specialize in buying diamonds. Nonetheless, diamonds are still relatively easy to sell as many pawn shops, jewelry stores, and precious metal dealers will buy them.
Is selling diamonds without a certificate easy?
Selling diamonds without a certificate may be slightly tougher, especially if you are selling to a pawn shop or small-scale jewelry store that cannot properly appraise your diamonds. Stores may be reluctant to purchase a diamond if they are unsure about its authenticity.
Nonetheless, most modern dealers and stores often have the equipment to assess diamonds and determine their authenticity. Thus, you will still be able to sell your diamonds to them without a certificate.
Can you sell a diamond with an online quote?
Yes, there are many websites such as Cash for Gold USA that will give you an online quote for your diamonds. You can simply mail your diamonds to these companies and they will assess your diamonds remotely before giving you a quote. The whole process can be done remotely, allowing you to sell your diamonds without ever leaving home.
