Sell to jeweler, pawn, or gold store The easy way to get immediate payment, typically a similar amount to an online reseller. In most cases you'll receive the value of the metal and stones - sometimes a bit more. Small, scratched stones have little value.

Kay Jewelers Pricing Kay Jewelers make their diamonds seem more affordable by advertising them as 1.0-carat when, in fact, they sit at around 0.95 carats. Most would know that a 0.95-carat diamond will have a smaller price tag than a diamond weighing 1.0 carat.

Think of them as the “Walmart" of jewelry companies. They offer mass-produced jewelry that is quickly (and not skillfully) made. They have to make thousands of identical rings to supply all their stores. And to cut costs they manufacture in China and India.