If you are considering selling a diamond ring, there are some locations that are available which will help you to do so easily. You need to keep in mind, however, that if you are going to sell your diamond, you must be able to trust the business where it is being sold (Source: Sell Your Diamond by Diamond Banc). This is not only because of the fact that they will offer you a price that is in line with the going rate, it is also because they are not going to try to trick you with some of the more common underhanded methods that may be used. For example, some jewelry stores are going to offer to sell your diamond on consignment and while they have the diamond in their possession, they will switch it with one of lower quality. When you get the diamond back, as they will be unable to sell it, you will have a much lower valued item.
It may also be to your benefit to look for a store that is not only going to purchase diamonds but they may help individuals who want to sell other items of value. For example, a jewelry store may have somebody come in who is saying, I want to sell my Rolex. How would you know what price to expect from that jewelry store? There are going to be variations in what is paid for any of those luxury items but when you have a trustworthy location that you are using, you will be able to know that you are getting a great price without all the hassle of looking elsewhere.