November 12th, 2008

How much is a 5/8 carat diamond ring worth if sold to pawn shop or jewelry buyer?

diamond jewelry
FordModels411 asked:


I have so many diamond rings that bear bad memories I am trying to get rid of.


By admin in Fashion & Accessories 
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4 Responses to “How much is a 5/8 carat diamond ring worth if sold to pawn shop or jewelry buyer?”

  1. shep6965 Says:
    November 13th, 2008 at 5:04 pm

    To be honest, it won’t be worth a lot. Pawn Brokers and Jewllers usually give the minimal amount to the seller.

    Your best bet is to sell it privately or auction it on e-bay. That way you should get somewhere near to the price you want.

  2. BR Says:
    November 14th, 2008 at 10:08 pm

    The won’t give you barely any money. I got $1,000 for three diamond rings: 2 1/2 carat engagement rings, and another ring with many smaller diamonds in it. It was a horrible deal.

  3. Edwin S Says:
    November 18th, 2008 at 2:31 am

    The answer will mainly depend upon the quality of the diamonds, the type of metal used for the setting and the general condition of the ring.

    To give you an idea, we own a diamond jewellery company in the UK and we would sell a 0.65 carat diamond ring in 18k gold for between $1600 to $5000 depending upon the quality of the diamonds used.

    The market for second hand jewellery that has no sentimental value to the new owner I’m afriad is not strong. I would estimate you could look to recieve about 20-30% of the retail value if the ring is uncertified and perhaps upto 50% if the ring is a modern design and certified but this would be through ebay rather than trading it into pawn shop.

    I’d suggest getting a good idea of the new value first by looking at one of the on-line jewellery stores. As well as ourselves, Bluenile are also a good option for this purpose.

  4. latte_queen2000 Says:
    November 21st, 2008 at 8:00 am

    I work at a pawn shop. Let me school you in that area. A 5/8 carat is……62 points. The point value is just a decimal amount of the size. I work better with decimals :). Alot depends on the quality and cut of the diamond. I’ll give you my pawn shops rates: An I2 or I3 clarity 5/8 size will bring you $60. An I1 clarity will bring you $80, SI will bring $140, VS will bring $250, plus gold weight.