Every now and then, you might be wondering if it’s time to trade your old gem for a new one. Once the time comes for you to part ways with your old diamond ring, you can’t help but ask yourself: how much is my ring worth?

Online calculators are made available to give people an idea on how much their ring might cost. Even with the prevalence of these online tools, only professional jewellers can put a definite value on diamond rings, though the process is more complex than you’d expect. In essence, jewellers determine the ring’s worth by estimating the value of the metal in the band and the gems set in it and the style in which they are combined. All of these factors, however, are evaluated in different ways.

One must always bear in mind that the value of a ring for sale, part exchange or insurance are all different and vary enormously. Be clear what the purpose of your query is and your jeweller can better serve you.

For added security, you may wish to check your jeweller’s membership of the National Association of Jewellers, or the Institute of Registered Valuers to add to their credibility and experience.

Valuing the Diamond

In determining the value of your diamond ring, jewellers would start by establishing the diamond’s quality level. This is determined by its four major quality characteristics, more popularly known as the 4 Cs: colour, clarity, cut, and carat. This process becomes easier if you give your jeweller the certificate that comes with your diamond, since it has already assigned a grade to your gemstone.

Apart from its quality, jewellers also look at the prices of stones with the same characteristics as your diamond. Though it won’t provide an exact worth for your diamond, it gives you a reasonable estimate as to how much your ring will be worth.

Valuing the Band

Most people often overlook the fact that a diamond ring’s value will also depend on the metal used to make the band. You’ll first need to determine what precious metal your ring is made of, then establish its purity. Most diamond rings are made with a gold band, which is often measured in carats.

Apart from the metal and its purity, jewellers would also weigh the ring to determine how many grams or ounces of the precious metal it actually contains. For instance, a ring with 100 grams of 14-karat gold would have around 58 grams of pure gold.

Trends will Matter

Keep in mind, though, that the value of the ring’s diamond and metal band would fluctuate based on current market trends. You’ll need to keep an eye on these trends if you want to get the most out of your old diamond ring.

If you’d like to sell an old diamond ring, don’t hesitate to seek professional jewellers like those from Jacobs, see here for a guide. They have the relevant expertise to provide a reasonable value for your jewellery.


How to Calculate the Value of a Diamond Ring, Jewelry Notes

How Much is My Diamond Ring Worth?, DMIA.net