You can sell your diamond ring at several types of local businesses, including established jewelers, pawn shops, and specialized diamond buyers. For example, Bert Levi Family Jewelers in San Diego is a well-known retailer that buys diamonds of all shapes and sizes, whether loose or already set in jewelry. This family-run business has decades of experience and a strong reputation for offering competitive prices, paying more than many other buyers because they resell directly to retail clients[1].
If you prefer not to use a jewelry-specific buyer, pawn shops are also an option. These shops typically offer between 20% and 50% of your ring’s original retail value, based on the current price of the diamonds and precious metals. While you may not recoup your original purchase price, pawn shops may pay more than jewelers, especially if your ring is in demand. Pawnbrokers rely on market values and customer demand, which could provide you with a more substantial cash offer[2].
Another route is using a national diamond buying company like Diamond Banc, which accepts both online and in-person transactions. Diamond Banc offers the flexibility to ship your ring for appraisal, submit an online form for a quote, or visit one of their many locations nationwide. Payment is issued promptly via check or wire transfer if their offer is accepted, and they emphasize transparency and professionalism throughout the process[3].
Finally, hybrid pawn and retail stores like Posh Pawn evaluate your ring based on up-to-date market values and can either offer you a quick loan using your diamond ring as collateral or purchase it outright if you prefer to sell instead of borrow[4].
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