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.

Tip 1: Everything in a jewelry store is negotiable. Big or little purchases, depending on the size of the purchase, you could save between 15-50% just by negotiating. This applies to large chain stores and mom and pop locations. Tip 2: Always research and don't buy on the spot.

Tiffany & Co. is likely the most famous and well-known expensive jewelry brand. Founded by Charles Lewis Tiffany, the brand's many storefronts are recognizable by their blue branding.

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.