Sell Your Gold Ring

Most scrap gold buyers will buy the ring but deduct the weight of the stones. Some may offer to remove the stones for you, but they often won't pay for the stones themselves unless they are significant diamonds. For rings with valuable gemstones, consider getting a separate jeweller's valuation for the stones before selling the ring as scrap.

Yes. Plain gold wedding bands are excellent for selling as scrap because they are solid gold and easy to value. An 18ct wedding band can be worth several hundred pounds depending on its weight. Even thin women's bands in 9ct gold have meaningful value. The sentimental factor is personal, but from a financial perspective, old gold rings sitting in a drawer are an untapped asset.

The value depends entirely on weight. A typical women's 9ct ring weighs 2-4 grams, while a men's signet ring can weigh 8-15 grams or more. To calculate, multiply the weight by the current 9ct gold price per gram (which is 37.5% of the pure gold price). Dealers then pay 85-95% of this calculated value. Use our calculator above for an instant estimate based on live prices.

Yes. While a hallmark makes valuation faster, reputable dealers have testing equipment (acid testing or XRF analysers) to determine the gold content of unhallmarked rings. Very old rings, resized rings, or rings from overseas may lack UK hallmarks. The dealer will test the metal and offer based on their findings. Be cautious of dealers who refuse to test and simply offer a low flat rate.

It depends on the ring. If it features a significant diamond (0.5ct or larger) or is from a prestige brand (Tiffany, Cartier, etc.), sell it as jewellery through a specialist or auction house — you will get far more. For plain gold bands or rings with very small or low-quality stones, scrap value is usually the best option. A reputable jeweller can advise you on the best route for your specific ring.