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It is not an easy decision to arrive on to sell a sentimental item such as a Diamond Engagement Ring. Normally there are two decisions that lead to such a decision namely: a tight financial situation or a broken engagement. Whichever the reason behind your decision to sell the ring, you want to sell it at a price that is relatively close to its actual value. Below are five different means you can use to get affair price on the ring.

Friends and family

When selling a valuable ring for instance a Designer Engagement Ring, your friends and family are the best place to start looking for a buyer. This is usually the first option as a friend will buy the ring at a fair price as they are usually not buying it with the intention of selling it later for a profit.

Advertising on a classifieds website

This is a good idea as in most cases you can find a free classified website to advertise on. This means that you can advertise the ring and sell it wit out incurring any charges. However, you may also opt to use a paying website depending whether you recon you can find a better buyer on it. It is important to take caution on such sites as you stand the risk of being defrauded. Hence, when making the sale to a buyer, do not accept any cheques as you have no way of catching up with the individual if the cheque bounces. Only accept cash in such a situation to avoid being a victim of fraud.

Online auctions

Online auctions have become the best platform for selling valuables without exposure to risk or leaving your home. When selling a Diamond Engagement Ring on an online auction, make sure you have the responsibility to quote a reserved price from which the bidding for the ring should commence at. This will enable you to sell the ring a price much higher than you were initially will to sell at. As for fraud, online auctions are much safer as the transactions are handled by the auction house and they are responsible for the smooth transition of ownership of the ring as well as collecting and designating payments to you.

Local jewelry shops

Another good place to sell the ring is a jewelry shop. Jewelry shops often act as pawn shops for different pieces of jewelry such as a Designer Engagement Rings. In most cases if you take the ring back to the jeweler who sold it to you, you stand the chance they might allow you to trade it in for a new piece of jewelry. However, if your fixed on selling the ring, it is crucial for you to understand that the jeweler will buy it at a much less price tan it is actually worth as they intend to make a profit from it.

Jeniffer enjoys blogging and nurtures interest on all most all topics. She contributes in many reputed blogs, social platforms and makes her living as a content writer. She is associated with Shout, a Social Media Agency based in Melbourne.