A change in plans, a breakup, financial necessity or upgrading. For some reason, you’ll need to sell your moissanite rings.
You might be considering whether you can pawn moissanite.
Can You Pawn Moissanite?
Yes. Pawn shops will purchase nearly anything they’re confident they will be able to sell with profit. They’re middlemen in they’ll sell your Moissanite jewelry to a buyer. Since they’ll be looking for a decent return, they’ll not be able to afford much.
Moissanite products are prone to variance in both price and quality. The value it offers is heavily dependent on the brand. If you took it to a pawn shop they’re likely to not be proficient in understanding the different qualities of moissanite, and they would struggle to differentiate between an $50 Moissanite or an $1000 Moissanite. In actuality, the pawnshop will probably be more concerned with paying according to the value of your set than Moissanite. Platinum and Gold are, for instance, material that can be easily transfer, and earn profit from in a variety of ways.
Why Pawn Shop Prices So Far Below Moissanite Estimates？
A lot of people are surprised when they discover that their moissanite jewelry isn’t worth what it was appraised at. The appraised value is the amount an insurance company would pay for the moissanite replacement. It is not the same as market value. There is no way that anyone else could actually have the money to buy it.
When you sell it to dealers (jewelers or even a pawnshop broker) you sell it for less than the retail price. Therefore, you’ll suffer a loss. Do not put too much faith or trust in appraisals. They’re usually overpriced. It’s not worth the money to purchase one.
Where to Sell Moissanite Rings?
There are several ways to sell a moissanite engagement ring. Other than the pawnshop mentioned earlier. You may also choose consignment. Consignment stores will probably give you more money than pawn shops will. But, they require an extended time to transfer the items and may charge a significant commission for selling your item typically 20-30 percent or more.
You can also sell your moissanite rings online. Selling your engagement rings online is the quickest and most convenient method of doing so. There are many buyers who will be happy to purchase the ring off of the hands.DiamondBistro, LoupeTroop, eBay, OfferUp, LetGo, and FB marketplaces are all great to sell jewelry!
How Long Does It Take to Sell a Moissanite Ring?
This question will depend on the place you choose for the sale of a moissanite ring. If you visit directly the jewelry store or jeweler it is possible to sell your ring right on the spot.
Should you opt to market your ring on the internet, it could take weeks or even months to sell your rings. If you price it right you can expect it to be quicker. If you aren’t in a rush it’s a good idea to make the ring the price you’d like and wait for someone else to buy it.
Tips to Sell Your Moissanite Ring
Do Comparative Research
Check out the latest rings being offered that look identical to yours. Is this style current in popularity? Oris it that the style is a bit more difficult to come by? These could be great ideas to present to potential buyers in the future.
Take a look at second-hand rings within the same price range. This will give you a good estimation of the amount people will pay.
Make Sure You Are Prepared
Don’t forget the fact that an engagement is distinct from a piece of jewelry or another object worth its value. It is a symbol of emotion It symbolizes commitment, and hopes for the next. Don’t rush into selling your engagement ring. You must be prepared to let it go, and you will not feel regret after it’s gone.
Should You Try To Pawn Moissanite?
They will probably not offer you a lot of money for the service. Pawn shops are in the business of taking advantage of people in dire circumstances. In spite of it, this is the way they operate. Although pawn shops do not pay a lot however they do pay in a timely manner. The immediate liquidity is the only real benefit they can provide to those in need.
It’s likely to not be worth the loss of jewelry just to earn some money, therefore it’s likely to be better not to pawn moissanite.
You may want to know Can you Insure a Moissanite Ring?