It will be really painful to sell those diamond rings, but it will be better to sell them rather than being indebted. Now, the main question that pops into your mind will be how to sell your diamond ring. Of course, there are some crucial steps to follow here, just as you did when buying then diamond ring. The first step in selling diamond rings is to appraise it so that you will get a clear idea about how much your diamond ring costs according to the current market value. The appraisal will include all the details of your sparkler such as the gemstones, metal settings, time of manufacture, and many more. After this, you must set a price for your diamond ring. Note that it is not a good idea to set a huge price for your ring even though it is very valuable to you; remember, nobody will buy a secondhand ring for the price of a brand new one. However, make sure to sell your diamond ring according to your convenience. You may consider selling it on auctions, to a pawn shop or jewelry shop, or to individual buyers.