how much should i sell my diamond ring for? it appraises for over $16000

  1. profile image45
    bree2733posted 7 years ago

    how much should i sell my diamond ring for? it appraises for over $16000

  2. profile image0
    gemmo1posted 7 years ago

    G'day Bree2733 (sounds like someone from a sci-fi movie) - :-)

    The answer is never that easy. It depends on certain circumstances that only YOU can answer.

    Are you desperate for money? If so, the value goes as a 'Forced Sale' and could be as low as 5-10% of an appraisal.

    If on the other hand you have time - Are you selling on auction?

    This could see a price around 50%

    Are you selling to the trade? Lower the value.
    Selling to a friend or collector? Maybe as high as 70%

    AND SO ON...

    The golden rule is: "There ain't no such thing as a fixed price for anything..."

    YOU - as a willing seller have to find a willing buyer. Between you is a price you will both agree on.

    Remember that an appraisal (or insurance value) is simple the price an insurance company may have to pay for a 'Replacement of a similar article sometime in the future'

    That's about all I can suggest.


    You will find all this discussed on my website at the Jewelry Appraisal Center

    Hope that helps - Oh! and May the Force be with you :-)

  3. profile image47
    jackdohsonposted 5 years ago

    Really I don't know about the price for selling the diamond ring. But I can help you the suggesting to the Quantum International Diamonds for getting the right price for your diamond ring.